Key Considerations for Expanding E-Commerce Into Brazil: Payments, Fraud and Taxation

It's important to note that the majority of domestically issued credit cards aren't enabled for cross-border acquiring. This also applies to most of the internationally branded cards such as Visa, MasterCard and Amex. Only 36 percent of Brazilians own an internationally branded credit card that can be used for global payments. Therefore, merchants need local card acquiring contracts in order to accept domestic Brazilian credit cards and ensure a good conversion rate. For merchants without a legal entity in Brazil, money can be settled to existing international accounts in major currencies like U.S. dollars, GBP and Euros.