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Offshore merchant account functions are similar to a regular merchant account, except it is opened with a foreign bank outside your native country. Establishing offshore merchant accounts is a perfect solution for such industries as multi-level marketing, travel agencies, forex, nutraceutical, financial services, credit repair, tech support and many more. The convenience is that there is no need to incorporate your business in the same country in which you opened the offshore merchant account.
You may have heard that an offshore merchant account is high-risk, but we can assure you that is simply not the case. Traders who deal with offshore processing have their own reasons. Offshore acquirers are much more flexible in terms of issuing merchant accounts and granting permission to sell different types of goods and services, possibly due to more flexible laws and requirements of the merchant. This is one of the biggest advantages of having an offshore merchant account. Plus, banking secrecy and confidentiality with an offshore bank is more robust than with a regular bank account.
We often provide solutions for high risk businesses due to our close cooperation with offshore acquiring banking partners. We understand the difficulty some merchants find if their business is considered to be high risk. We are ready to offer you the best payment processing services with our merchant accounts set-up with offshore banks.
Real-time credit and debit card processing
It is easy for merchants to process credit and debit card transactions right then and there.
Automated billing service
Merchants can form their own statements (daily, weekly or monthly) using automated software with offshore merchant accounts.
Third party processing
This option is perfect for e-commerce startups or other small businesses. Security: 3D Secure (Verified by Visa & MasterCard SecureCode) solutions, SSL (Secure Sockets Layers) as well as advanced Fraud Screening software and internal negative databases to reduce chargeback, CVV2, and fraud detection tools such as AVS (Address Verification Service).
Application is easy, approval is fast
It will take you less than 10 minutes to fill in the application for offshore merchant accounts online, and you usually get approval within two working days.
Multiple currency processing
The offshore merchant account holder has a choice of dealing with such worldwide currencies as Chinese Yuan, Japanese Yen, the Hong Kong Dollar and many other currencies.
Merchant account managers work hard to assist merchants from the start of the application process and throughout the partnership. They are happy to answer any questions and to offer practical and achievable solutions.
Possible tax breaks
There are fewer tax restrictions in other countries, hence the reason why many high-risk businesses set up offshore merchant accounts.
Offshore banks are much more liberal when taking on high risk merchants in comparison with merchants’ domestic banks.