New Payment Gateway Opened in Brazil –News from GlobeBill GlobeBill has opened Brazil payment gateway after an overall consideration of present Brazil payment condition. As the worlds 6th largest economy, there is no doubt that Brazil’s economy is by far the most important e-commerce market in Latin America. This BRIC country’s growth will continue for years to come. Until now a major concern was capturing funds in Brazil. Tounderstand this you must appreciate that there are two types of credit cards in Brazil.International cards which are generally held by higher income individuals andnational cards which are far more popular. International cards can be processed vianormal channels, but the national cards will decline if not captured by a domesticMID. A Brazilian domestic merchant account will boost capture rates by as much as50%. Adding our payment methods to your international e-commerce platform canimmediately boost sales. We cover every aspect of processing your payments so youcan concentrate on one thing - driving sales within Brazil.When given the choice, Brazilians use national payment methods for about 90% oftheir online purchases. Brazilian credit cards are often limited to national purchases inReal. Credit card payments with installments are an absolute must in Brazil and"Boleto Bancá rio" is the leading push payment method for businesses as well asconsumers. All these payment methods, plus cash deposits, national wire transfer andbank proprietary payment methods are subject to legal restrictions and are only madeavailable to Brazilian corporations.The payment gateway of GlobeBill (www.globebill.com) is designed specifically forinternational payment service providers and e-commerce platforms. Gain access to thebroadest set of local payment methods and immediately multiply your sales withinBrazil. However, processing local payment methods can be very complex, because oflegal restrictions, technical requirements, language barriers and the highly dynamicconditions of one of the worlds fastest growing economies.