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The Internet may be global but much processing remains local. Within many country borders, domestic payment systems remain and often dominate offline and online sales in those regions and/or countries. So much so that accepting the local payment method may become a mandatory need if one is to sell in that region.  However accepting “local payment methods” can add a layer of complexity that can make their processing in the first place a poor decision. They can give rise to additional local banking arrangements, different fraud requirements and reconciliation all of which should be taken into account. In the end it’s advisable to aim towards “Appropriate Payment Methods” rather than local. |
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