Given the soaring numbers in e-commerce, business owners in the Caribbean must give serious thought to offering their products and services online to reach a larger number of customers. The Enterprise Guide to Global Commerce estimates that e-commerce sales globally
will reach $4.5 trillion by 2021. To put things in perspective, e-commerce sales were just $1.3 trillion in 2014. As more people get access and are comfortable with shopping online, e-commerce sales should continue to go up. This means having an integrated online presence that enables customers and guests to pay for goods and services using their credit or debit card an absolute must. However, because there are many rules, challenges, and options out there, it may take some time to find the best payment gateway for your credit
card processing needs. We wanted to address some of these rules and challenges and explain why local Caribbean businesses choose First Atlantic Commerce as their online payment processing partner. The first thing every business owner must know is that in order to get a merchant account for
online credit card processing, the business must be physically present in the country where they apply. This is the case for every country in the Caribbean, although each country will have different rules and regulations regarding set up, so it might be a good idea to speak with an accountant or attorney to assist you.
February 04, 2019
