Cross-border payment is a term referring to transactions involving individuals, companies, banks or settlement institutions operating in at least two different countries. In this way, the location where the merchant is registered is different from the country where the customer’s card was issued. Many different scenarios need to be accounted for when a merchant needs to deal with international payments because each country has its own set of rules. 

When someone makes a purchase, there’s a system that carries the money from the buyer’s account to the merchant’s account. With cross-border payments, it becomes more complex. International transactions require a change of currency, foreign transaction fees and dealing with an exchange rate. 

Through our accredited licensed partners, Desfran offers access to over 50 countries and more than 15 currencies providing competitive exchange rate with no service fee (bank charge excluded).