China’s top government officials believe that they can help spur America’s export process with a Tech Support Payment Gateway (TSP) in India. But has the new business for TSP services reached its final destination? Could the India-China relationship expand by the addition of a Tech Support Payment Gateway (TSP) to the emerging TSP card market?
India is one of the biggest emerging markets in the world, and China is becoming a bigger player than even the USA in this area. Many countries are pouring money into industries in developing nations; many of these countries are not the USA. If you add Tech Support Payment Gateway to the mix, it means the more people you get to use your services, the higher your revenues will be. This is only one of the benefits of using a tech-support gateway (TSG) in India.
Let’s take a look at how we can accelerate our exports from the USA to India and Canada. Here are two simple steps to take:
USA companies – India, China, and Canada are only just beginning to build their TSPs, and for those companies who are still operating on an open network model, there are many advantages for your company that should be noted. These two companies alone have spent billions on getting the infrastructure up and running so they can accept payments from anywhere in the world.
When you have already built your TSP (there are some great tools out there to help), you can begin to engage those same customers that you have had over the years. It doesn’t matter if you are selling in the USA or Canada – your sales team can still use the same payment gateway that you have been using.
In today’s market, it makes no sense to have a “front door” – your customers are going to have to reach you, to see what products you are selling. A TSP service (i.e. a payment gateway) makes it easy for your customers to give you their contact information.
With the impact of the US government’s recent actions towards credit card companies, it is vital that you get your customers’ contact information to you. For the small and medium-sized businesses (SMBs), which account for the vast majority of the exports to the USA, the value of your export increase is directly proportional to the volume of your customer’s information that you have collected. That means that you need to make sure that you have a way to gather this information and quickly access it.
We recommend that you put all your customers’ information in your data center. Whether you do this yourself or pay a third party to collect and store all the contact information of your US customers, having that contact information available is imperative to growing your business.
With this data center built, your SMBs can accept credit card payments through their existing financial systems. This will enable them to process your customers’ payments online. While it is important that they have the ability to process these payments, the bigger benefit is that you have built a TSP that is able to automatically spread your income around your company and handle your bank accounts.
Now, let’s take a look at Canada, which is already home to a Tech Support Payment Gateway (TSG) that you can use to accept credit card payments. Let’s say you have a retailer in Canada that sells goods in the USA, but wants to take advantage of the growing American market.
The US and Canada don’t sell as much to each other as the other countries, so why bother doing business with each other? Well, because the sale of goods and services between the USA and Canada is in constant growth, due to the relative weakness of their currencies. By building a TSP between the two countries, you have increased your exports.
You have two potential markets to sell your goods and services to, but you also have one of the largest economies in the world – Japan. If you have a TSP between the USA and Canada, you are increasing your profits and your sales.