Wednesday, July 29, 2009

Online Offshore Merchant Account

Why do you need an Offshore Merchant Account?Many online businesses look for a merchant account offshore for various reasons, ex. have large volume requirements, fast business growth, cannot be approved at a standard processing bank due to new regulations poor credit, or the type of products or service that they sell. By processing through an offshore processing bank, your business may qualify for no monthly or yearly volume limits, and very lenient product type requirements, so your business will never be hindered by the strict guidelines of a domestic processing bank. Many businesses such as software, website hosting and electronics fall into the high risk category and must use an offshore merchant account. Some of the largest and most respected businesses in the world use offshore processors due to their growth and product types. Increased need for Offshore Merchant AccountsThe growing need for offshore merchant accounts continues to increase. Due to US laws and regulation changes in the Untied States, banks and processors have tightened their due diligence and acceptance to merchants processing payments online. If your business is growing and due to increased sales and your U.S. acquiring bank is threatening to terminate your merchant account, then you will need to start seeking and offshore merchant account? Offshore merchant accounts have become a necessary aspect of the ecommerce world. What to expect with an Offshore Merchant AccountAccept MasterCard, Visa, American Express, Discover, Switch, Solo and JCBMulti-Currency credit card processingGateway – to process your electronic payments, normally offered free by merchant service providers.Shopping Cart – Offshore merchant accounts are compatible with most leading shopping cart vendors.High approval rates, even if you do not have perfect credit you there should not be an issue with you obtaining a merchant account. Virtual Terminal – To enter MOTO ordersRecurring billing – ability to auto bill recurring payments.Check accept – ability to accept checks online though your offshore provider,Online View – Ability to access your merchant account activity online 24 hours per day, 7 days a week.

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