Advantages of having an offshore account
Often, the first time a business owner considers getting an offshore merchant account is when their online is growing. Also, they want to do more sales outside their own country’s borders. An international merchant account, or an offshore merchant account, can make this transition easier. First off, you don’t have to deal with the same domestic bank.
An offshore merchant account can facilitate this by removing the uncertainty of unknown exchange rates as well as exchange fees. Offshore merchant accounts are also usually more flexible and less limited than domestic merchant accounts. This allows your business to grow in revenue without suddenly hitting a cap. This will stop your growth and cost you your profits. And finally, if your business doesn’t have a good credit score in the US, it won’t affect getting an offshore merchant account. This is very relevant if your business has many chargebacks or has some other kind of bad credit history. This is working against it with domestic providers.
5 Star Processing can help you
We have extensive experience in helping businesses get offshore merchant accounts, high-risk merchant accounts, and payment gateways. We’ve already worked with more than 5,261 happy customers and are very familiar with the ins and outs.
Contact us today to get started
Call 5 Star Processing offshore merchant account experts today at (888) 253 9692, or send an email to [email protected] so that you can get started. Our team will answer any and all of your questions, and help you begin your application process. Hence, you can start processing payments via an offshore account in no time.