Getting an offshore merchant account refers to a merchant acquiring a credit card processing account and convenient receiving of credit card payments from around the world. Any company executing business online requires a merchant account to successfully accept payments via credit/debit cards, and also alternative payment methods.
Features of an offshore merchant account
Selecting the best offshore merchant account enables to solve various problems at once;
Depending on your requirements, we choose and assist you to connect a credit card merchant acquiring a merchant account across the world. There are offshore merchant accounts that fit a wide range of customers from small businesses to large ones. There are also payment services with a particular approach to large companies with a higher turnover.
However, merchant accounts have a lot of risk. Chargebacks are the primary risk both for the business with an offshore merchant account and for the bank that delivers the offshore merchant account. If your chargebacks are in a small amount, heavy penalties kick in. Credit card fraud can result in increasing chargebacks. So, the acquiring bank also requires that you have professional fraud prevention systems before approving your offshore payment gateway.
Approval for an offshore merchant account is similar to qualifying for a banking loan. Generally, you should have a legal entity incorporated in the similar jurisdiction as the bank that is delivering the merchant account.
Criteria to consider when selecting an offshore merchant account provider
Given further information will assist you in selecting and functioning with the most reliable payment service provider.
Amald has a couple of experience on how to acquire an offshore merchant account for all sorts of business. High, medium and low risk, and with several card schemes, they can also assist with incorporations, employees. And also fully managed offshore merchant account solutions where they offer the staff, physical address and much more.
For all these causes, and to reduce the risk of rejection, we suggest you select an offshore merchant account very carefully and with specialists only. For the best payment services. Please provide your initial email as much information as possible regarding your business and transaction profile, expected revenue, etc.