Multi-Faceted Strategy Approach
Payment Processing According to Region
Let's say; there is a particular region that is considered very low fraud. It makes payment processing a whole lot easier in that country. You can have simple device detection capabilities for that region. So, if someone tries to make a
purchase using an unrecognized device, it requires multi-factor authentication. You can have some form of address verification as well.
However, maybe your international eCommerce platform also caters to a high fraud region. Then, a payment processor with an escrow can be beneficial. So, the user's money goes into the escrow. A third
party takes the escrow fund. It generally has a built-in arbitration process in case there is any disagreement. So, it handles any challenge that might occur with the delivery or the quality of the items. Once the order is fulfilled, and the
customer is satisfied, the escrow gets released.
Mostly, you end up with a thorough process where each step is verified. It can significantly help reduce any potential fraud. You will be able to cater to different levels of fraud in different regions.
Another thing you need to keep in mind is the user interface. So, you must consider if your international eCommerce platform can handle multiple payment processors in the necessary configuration settings. It should offer the capability to
modify the user interface according to the region.