Credit Card Payment Processing Through Offshore Merchant Account

Banks offer merchant accounts for processing credit card payments, but they do no extend accounts to high risk businesses, this is where offshore merchant account providers are required.

Processing credit card transactions can be challenging task, especially for high risk business, or business with bad credit history or higher possibility of charge backs. High risk businesses find it difficult to have a merchant account passed by domestic banks which leads to inability to accept payments using credit cards causing such businesses to suffer huge losses in terms of sales.       

Accepting payments using credit cards is important for business to increase sales. For high risk credit card processing offshore merchant accounts have become really popular. An offshore merchant account provides high risk business with merchant accounts to process card payments.

Benefits

Offshore acquiring banks have lesser trading restriction and formalities so they approve merchant accounts of high risk business

·  Merchant account carries all tax benefits in the country where business is established

·  Such accounts can have competitive rates and fees, at times even lower than what is offered by domestic acquiring banks

·  Offshore merchant account allows you to process credit card payments in almost all types of currencies