If the customers are located offshore and you are trying to find a credit card processing solution consider looking for an offshore merchant card account. An offshore credit card merchant account will assist you to financially should the US banks and processors discover unsuitable. An offshore merchant card account normally has higher processing rates and longer hold-back periods however this kind of account requires its deposits.
The Benefits of an Offshore Merchant Account
Once you’ve obtained an offshore processing account you will find its good things about be very appealing. Quick access, plastic card processing and decreased taxes are merely some of the benefits you may be enjoying. Getting the business offshore can be an edge over its but, the constant maintenance when deciding on the merchant account provider you choose to do business with is important.
Take note For “Unbelievable” Offshore Credit card merchant account Offers
Some offshore merchant account providers provides you with a fantastic offer when you might be having difficulty getting a forex account at others. I recommend keeping a close look open for scams. There are firms that try and have you open an offshore merchant card account sounding all “peachy” while in fact all they’re after offshore merchant is the setup fee when sometimes can reach a couple of thousand dollars. Research before you buy and don’t be fooled.
Offshore Merchant Accounts Fees and rates
Some offshore banks and plastic card processors do charge a rather higher processing fees and special discounts however when the merchant realizes the tax savings they are incurring by processing offshore they discover they’re much better off than if they had remained processing onshore. High-risk businesses like online casinos, adult, pharmacy and travel merchants prefer using an offshore credit card merchant account as most domestic banks (US) decline these business categories, owing largely towards the high volume sales, potential charge back and refunds etc. Offshore banks will be more liberal with their under-writing policies, tax savings and you will find no sales restrictions.