Does Shopify accept international payments in Vietnam?

23 Aug 2024 By PAYCEC

Yes, the Shopify store is open to paying in international currency and making purchases located in Vietnam. Shopify Payment Vietnam is a trends-focused omnichannel commerce business solution that assists various companies, including Vietnamese ones.

This capability is dramatically important to Vietnamese merchants who attempt to sell products in the markets of other countries. Companies may now reach a wider audience and boost sales and brand recognition worldwide thanks to the convenience of international payments.

How International Payment is Supported by Shopify Payment Vietnam

Multiple Payment Gateways

Shopify has features that enable customers to make transactions from other countries through the support of several payment gateways. To help, merchants based in Vietnam, Shopify supports the following payment systems: PayPal, Stripe, and 2Checkout.

These gateways enable organizations to transact in numerous currencies besides receiving payments from global pocketbooks like credit cards, debit cards, and electronic purses.

Currency Conversion

Another important aspect of Shopify payment Vietnam for international transactions is its conversion of the currency service. Shopify offers its merchants the option of converting prices according to the country of the customer. International customers gain from this feature since it gives them easier-to-understand pricing information without requiring them to convert currencies beforehand.

Language Support

Users of Shopify Payment Vietnam can get assistance in multiple languages, especially if Vietnamese merchants aim to send products worldwide. By displaying numerous languages in their online store, businesses can improve their outreach to auditory across various geographic locations, thus increasing the rates of sales correspondingly.

Benefits of Accepting International Payments

• Expanded Market Reach: Vietnamese merchants are to have the world market accept international payments. It enables rising companies to market their products to clients living in different countries, thus expanding their market base and keeping their revenues high.
• Competitive Advantage: Since providing foreign payment services would offer the company a competitive edge, the business must be quick to establish itself and satisfy market demands. Customers usually value ease and security when making purchases, and accepting payments from overseas is a benefit for any business.
• Increased Sales and Revenue: Moreover, globalization assists corporations in expanding their market and, consequently, increasing sales and revenues. They also look for specialized items not easily accessible in their country’s markets, which is why Vietnamese merchants can sell to them.

Challenges and Considerations

• Transaction Fees: On the same note, accepting international payments has some cons, as highlighted below: Steam charges on cross-border transactions may be slightly higher than inland transactions. These fees have to be included when setting the prices of their products; hence, they affect the profit margin significantly.
• Regulatory Compliance: Vietnamese merchants also have to pay attention to the rules of the game regarding accepting cross-border payments. This includes showing the legal and taxation effects of international business transactions to conform with the existing legal systems of both the domestic and foreign nations.
• Fraud Prevention: Business transactions extending across borders may be even more prone to fraud activities. Since this risk is quite dangerous, merchants must take precautions to safeguard their company and customers. To assist retailers in thwarting fraud, Shopify now provides some tools and functionalities.

Generally, Shopify Payment Vietnam provides a good reception for global payments, but Vietnamese sellers especially deserve more suitable services and easier integration, whereby they should migrate to PayCEC. Based in Ho Chi Minh City, Vietnam, PayCEC offers tailored settlement services specially developed to address several business sectors’ payment process requirements.

Thus, PayCEC can contribute to reducing merchants’ costs per transaction, provide a more secure means of payment, and offer personal customer support for safe and efficient international transactions. Therefore, accessing PayCEC means that organizations avoid those activities and concentrate on what they are good at expanding their brand and getting into the global market. Consider making use of PayCEC today and leveling up your business.