Introduction Offshore merchant accounts provide businesses with the flexibility to process payments globally, especially for industries considered high-risk. These accounts are opened in jurisdictions outside of the business’s country of operation. The aim of most businesses is to continuously increase their client base.Thanks to the Internet, this can be easily achieved by going online,Most online […]
Understanding Offshore Merchanting Offshore merchant accounts allow businesses to process payments through international banking institutions — typically outside their country of operation. The nature of certain businesses is such that they find it difficult to open a merchant’s account and face a lot of restrictions. Those involved in the travel business, internet based business and […]
Introduction An offshore merchant account is a banking venture which moves hand in hand with the foreign banks where the local revenues are excused. The merchant or the business corporation seeking an offshore account should be registered or branded before opening the account. The offshore merchant processing is a pattern of merchant account which are specialised in […]
Overview When you hear the term, Offshore merchant account, or just the word offshore, what initially comes to your mind? Suspicious. Somewhat illegal. Sounds paranoid, isn’t it? Don’t worry. It’s just but normal to be cynical about this. We have watched in movies businessmen being arrested because of having a “hidden” offshore merchant account. But […]
Explore the Benefits of Going Offshore Offshore is becoming the banking trend nowadays. Merchants are becoming more aware of the endless possibilities to reach a worldwide market. What lures them to divert from their local banks to opening up offshore merchant accounts? Hassle-free application Results of applying for an offshore merchant account are hours away. The application […]
What Defines It? High-risk offshore accounts are set up in foreign jurisdictions for businesses considered unstable by U.S. or EU standards. A high risk offshore merchant is an individual who operates a high risk commercial enterprise and for that purpose he requires to have a high risk merchant account. Since such an account may not be provided […]