Research the challenges associated with payments across international borders an

Question

Research the challenges associated with payments across international borders and prepare a brief presentation (Powerpoint) or paper (Word doc)of your findings. Do most e-commerce companies conduct business internationally? How do they protect themselves from repudiation? How do exchange rates impact online purchases? What about shipping charges? Summarize by describing the difficulties between a U.S. customer and an international customer who each make a purchase from a U.S. e-commerce merchant.

Explanation / Answer

International debit cards are simply debit cards that can be used outside the U.S. They can be used to make purchases and/or withdraw money from foreign ATMs. As is the case with international credit cards, the main differentiator between international debit cards is the amount of the foreign exchange fee.

When it comes to using debit cards for cash withdrawals while aboard, there are a couple of factors to consider. First, while you know that the owner of the foreign ATM will charge a fee for withdrawals, you must determine whether your issuing bank will also institute ATM charges. Second, you need to find out what foreign transaction fees, if any, will apply to such a transaction. Both of these things impact the cost of using a debit card internationally and both must therefore be considered when comparing international debit card offers.

International debit cards are integral to any trip abroad given that not all merchants accept plastic, and some cards might not even be compatible with certain aspects of a foreign country

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