Five Things You Need to Know Before Accepting Payments from Russia
Russia is a big, dynamic country, one whose eCommerce market is growing rapidly despite economic headwinds overall. In this whitepaper, Ingenico ePayments begins by highlighting factors which make Russia a compelling opportunity for online retailers and merchants in the online gaming and travel industries. Next, five considerations for doing business in Russia are presented, focusing on payment habits, authorization rates, the cost of payments, foreign exchange, and regulations. The paper concludes with a brief look at Ingenico ePayments' processing solutions, enabling merchants to offer local payment methods while minimizing fees and mitigating exposure to foreign exchange fluctuations.