Some reasons why you should open an offshore account

Offshore merchant accounts from AMLSV enable credit card processing for businesses from all over USA, Europe, North America and the Caribbean. Let’s take a look at the reasons why a business should obtain an offshore merchant account -

1. Merchant accounts with High Risk

Merchants that have been classified as ‘high risk’ apply for offshore high risk merchant accounts since their business model is such. Such businesses do not get approval from onshore banks.

2. Merchant Accounts with High Volumes

Merchants that have a cap on the monthly volumes apply for an offshore merchant account. Most offshore banks offer limitless volume options on merchant accounts. A merchant can have flexibility in going for various marketing strategies and not worry about the volume.

3. Leniency in rules

Off shore jurisdictions are much more lenient than onshore ones. These laws are very stringent especially for the gaming industry.

4. Access to International Markets

Offshore accounts offer the option of doing business in various currencies. The merchant can accept credit card transaction from any part of the world.