Offshore merchant account
Have the ins and outs of an offshore merchant account with us. As e-commerce is rising and your business opportunities are growing every year, it has been becoming increasingly attractive to get a merchant account for your business.
Read here to learn about the advantages of having an offshore merchant account, and find out how you can open one in a matter of days. The ins and outs of a merchant account are given with complete exposition.
Advantages of having an offshore accountOften, 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.
This is especially relevant if you operate in a high-risk industry. Then you need an alternative to regular banks that won’t provide you with a merchant account. Providers’ offshore merchant accounts can, however, open a high-risk merchant account for you.
A merchant account will also be better suitable for accepting and processing payments in different currencies. This will make it easier for you to expand your customer base and grow your market share. The number of consumers who are willing to shop in a foreign e-commerce store is growing every year. Consequently, they are still more likely to take this step if they can actually see prices and pay in their own currency.
A 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, domestic providers.
5 Star Processing can help youWe 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.
These are of having an offshore account. Let us advise you on whether an offshore merchant account can be beneficial to your business. It tells how you can proceed. These are in addition to very low rates for opening an account and low credit card processing fees. Hereafter, we can also handle your account application in a very short period of time. Therefore, get The ins and outs of a merchant account here.