Do you only need a payment gateway?
I'm in Europe and there is a lot more to accept payments here:
You need to ask the customer for their location and then calculate VAT and other tax details depending on where they are.
You need to ask for their address and send them an invoice.
You need to store all that data and create tax reports from it.
I have not started to sell digital goods yet, but I am planning to.
Any tips on payment providers who abstract all of that away?
I think the payment provider then has to be the one from whom the customer buys the service and your "customer" is the payment provider?
I'm surprised there is not a big player who handles this for all online merchants around the world already. It must be a giant business.
Take the payment in USD using Stripe, connect it to a Wise borderless account, and let Wise handle the currency conversion.
I have been there and this situation sucks.
I have been testing payments with Stripe, using both an Indian and a US credit card.
I have standing instructions on Indian CC and get advance email notifications but it goes through.
Don’t even get any notification for US CC, except post payment notification.
Experience may vary for larger amounts, as mentioned in the comments here.
Also paypal withdraws everything to your bank account everyday and leaves a $0 balance so you can't process any intl refunds.
Payment processing is still very hopeless in India.
I don't get why 3D authentican is a problem? That's just baked into my CC app?
Wise.com does really good value international transfers. Usually cheaper than most competitors when considering inflated exchange rates.
Not sure if they offer a gateway though, they do have business accounts and an API which might suit your needs
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For those interested, the reason places charge high rates on some exchanges is to cover risk. Here [1] is USD versus INR - look over the past year.
Look at USD to CAN or GBP or EUR on the same site for comparison.
Another factor is liquidity in the markets allowing those doing exchanges to offload unbalanced books efficiently.
[1] https://www.exchangerates.org.uk/USD-INR-exchange-rate-histo...