It is important to understand that Visa and MasterCard are global institutions and credit cards that bear the logo of either one are accepted in every store or ATM that accepts that type of card. It does not matter where the card has been issued. The difference is in the processing rates that merchants pay for accepting cards issued abroad. Credit card processing companies, licensed to provide US-based small business merchant accounts, settle the funds in US dollars. Payment cards, issued abroad, on the other hand, use the local currency. When a credit card processing transaction is authorized and cleared, the funds will be settled in US dollars and a conversion fee may be charged to the merchant.
If you are going to be accepting credit cards, issued abroad, on a regular basis, you will need to make sure that you sign up with the right processor. It is important that, before setting up your merchant services credit card processing account, you check what your prospective credit card merchant processor's conversion rate is. You may find that a provider that offers higher processing rates, actually has the cheapest solution for your needs, because they don't charge any conversion or cross-border fees.
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