Looking for offshore credit card processing for your business? You’ve landed in the right place. PaynetSecure establishes merchant accounts offshore for companies located in the US and around the world.
An offshore merchant account means that the acquiring bank or offshore payment processor
is located in a region outside of the business’ primary headquarters location. For
example, when a US business establishes a payment processing account in Europe, the
European account would be offshore for the US business.
Offshore merchant accounts are similar to international merchant accounts. The main
difference is that merchants seeking offshore merchant accounts are generally classified
as high risk by US acquiring banks. Whereas international merchant accounts are used by
both standard & high risk merchants who want to take advantage of the booming growth of
global ecommerce world-wide.
High risk merchants establish offshore merchant accounts for five primary reasons: industry type; processing volumes; tax considerations; diversification; and targeted markets.
Certain high risk merchants cannot qualify for US merchant accounts due to the products or services being sold. For instance Forex trading platforms, online gambling / sportbooks; adult entertainment; and nutraceuticals often use offshore merchant accounts. High risk merchants in many industries discover offshore merchant accounts have more liberal underwriting along with friendlier jurisdictions than the US.
The world is becoming a single marketplace, offering online merchants the ability to expand beyond national borders, increasing sales and profits. Businesses that have offshore merchant accounts with acquiring banks in targeted markets save money on processing, increase orders from shoppers, and decrease operational costs.
Establishing multiple offshore merchants accounts with banks throughout the world is a smart strategy. A single plug in to the offshore payment gateways lets you manage all payment processing accounts from a central control panel. Reporting, accounting, and reconciliation of processing data are easily accessed on a global or individual account basis.
It's easier than you think. Follow the following simple easy steps
Fill basic information for us to get in touch with you.
Verify your ID and get on a quick video call with a loan specialist.
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Get a merchant account and start processing cards payments instantly. We can design a custom package for your business and integrate with your existing website. Apply Now!
Whether you are currently processing or need to set up a new high risk merchant account for your business,
PacificPay is here to help.
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