Guidelines for Local and Cross Border Payment Processing in Brazil
With the eCommerce market in Brazil growing more than 15% in 2015 to over USD $10 billion, according to ZDNet, merchants entering into the market or expanding their presence should look carefully at the mix of payment methods they offer and how payments are processed. In this whitepaper, allpago details how alternative payment methods are different in Brazil, who dominates the acquirer and issuers market, and why installments are important to Brazilian consumers. Cross-border withholding taxes are also discussed, along with insights on foreign exchange rates and cross-border regulations. Finally, an overview of allpago and the services the company offers are presented.