| If your business is located offshore and you are | | | | recommend keeping an eye open for scams. There |
| looking for a credit card processing solution consider | | | | are companies that try to get you to open an |
| applying for an offshore merchant account. An | | | | offshore merchant account sounding all |
| offshore merchant account will help you financially | | | | “peachy” when in fact all they are after |
| should the US banks and processors find you | | | | is your setup fee when sometimes can reach a |
| unsuitable. An offshore merchant account normally | | | | couple of thousand dollars. Do your research and |
| has higher processing rates and longer hold-back | | | | don’t be fooled. |
| periods but this type of account requires its deposits. | | | | Offshore Merchant Accounts Rates and Fees |
| The Benefits of an Offshore Merchant Account | | | | Some offshore banks and credit card processors do |
| Once you’ve obtained an offshore merchant | | | | charge a slightly higher processing fees and discount |
| account you will find its advantages to be very | | | | rates however when the merchant realizes the tax |
| appealing. Easy access, credit card processing and | | | | savings they are incurring by processing offshore |
| decreased taxes are only some of the benefits you | | | | they discover they are far better off than if they |
| will be enjoying. Having your business offshore is an | | | | had remained processing onshore. High risk businesses |
| advantage on its own but, being careful when | | | | like online casinos, adult, pharmacy and travel |
| selecting the merchant account provider you decide | | | | merchants prefer using an offshore merchant |
| to do business with is important. | | | | account as most domestic banks (US) decline these |
| Be Aware For “Unbelievable” Offshore | | | | business categories, owing largely to the high volume |
| Merchant Account Offers | | | | sales, potential charge back and refunds etc. |
| Some offshore merchant account providers will give | | | | Offshore banks tend to be more liberal with their |
| you a great offer at times when you are having | | | | under-writing policies, tax savings and there are no |
| trouble getting an account at others. I strongly | | | | sales volume restrictions. |