Everything about signing up for an Offshore Merchant Account

An Offshore Merchant Account is nothing but an International Merchant Account. The massive growth of e-com businesses, organized through offshore company has changed most of the rules of credit card processing!

Why your Business needs an Offshore Merchant Account?

There are many reasons that explain the necessity of this type of accounts. The following points will project the needs.

·         High risk international merchant account is the final method for a merchant to accept credit card payments online

·         Merchants or businesses that use these accounts can’t avail a traditional merchant account. It is due to poor credit history, or because of a business that has high chances of customer paybacks or fraud. 

·    The term high-risk means online businesses with high chances of fraudulence and order cancellations. They can be:

ü  Travel Industry

ü  Adult Industry

ü  Gaming

ü  Online Forex Trading and so on

·         The final reason is; traditional merchant account from banks is not for you. With poor credit records, banks don’t want to take the chance to serve your business.

Hence offshore merchant accounts from providers like iPayDNA is your only savior.

What are the benefits of International Merchant Accounts?

You might be wondering how about using PayPal or offline payment methods rather than credit card processing! In simple words, offline is not recommended because that keeps you way out of competition.

Everyone doesn’t have a PayPal account. Also, even if they do, they might not have balance in their account. So the only way to increase traffic and convert your visitors to returning customers is card payments online! Some of the benefits are as follows.

1.    High Approval Rate for Signing Up

It is difficult for high-risk e-com businesses to settle with a domestic provider. The reasons are:

·         Either they banish online business models or

·         Request security bonds that are way too outrageous!

In contrary to domestic merchant account provider, offshore payment processors accept and approve any and most of the businesses. It is because domestic merchant account providers are limited by the legislation. Hence, they are over cautious!

2.    Multilingual and multi-currency services

Third party account provides offer business operators with multilingual and multi-currency services. Since they approve most of the businesses, they make sure that your traffic bounce rate is as minimal as possible.

The ability to communicate with visitors customers in their own language is advantageous. A merchant can thus take their business to a profitable position by expanding their customer base.

3.    ZERO Monthly Processing Limits

Offshore Merchant Account providers don’t enforce processing limits on your merchant accounts. Why?

·         They encourage merchants to increase their business.

·         They offer advanced security mechanisms to stay away fraud and offers additional support.

So, don’t worry about the flexibility of profits and connect with offshore providers today. Increase your gross sales; expand your market without the anxiety of account termination or fines.

A final Jotting of the Benefits

iPayDNA as an international Merchant Account Provider, offers the following to all its merchants.

Multi-lingual and Multi-currency options

     Supports offline payments and major plastic card providers

     Multi Industry support

     No discrimination in terms of location (Country)

5   ZERO monthly processing volume limit

           Fraud Management and back-end administration 

      Increased market penetration

     Complete offshore security scanning

For further queries on offshore accounts, connect with me through this post itself. Post your questions in the comments and I will be more than happy to help.

Cheers

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5 Ways off shore ecommerce Payment Gateways are better than traditional ones

Offshore ecommerce payment gateways are your final resort when nothing works out. The best way to ensure maximum ROI from your business website is by accepting online Credit Cards. If you are thinking to connect your account with a traditional merchant account, hold on. The below points will help you realize why Offshore accounts are better than them.

   1.  They Create the Opportunity for You

Do you know why traditional merchant accounts are not for you or your business?

·         If you are starting up, you have no past records

·         Traditional payment gateway providers consider online business High Risk

·         They check for your credit limits

·         Online businesses pose a threat of fraudulence. Provider’s credentials can get compromised. Hence they don’t let you sign up!

In such a scenario, off shore ecommerce payment gateways create the opportunity for you. They give you the chance to prove your worth in the online market and help you create a business reputation.

But do offshore account providers don’t worry about High Risk Payment Processing Providers for  business operations?

Yes they do. But they are smart enough to have a highly efficient fraud management team. Apart from that, they have already set the reputation. So they are third party providers of traditional accounts! In short, you get a traditional way of accepting payments through a third party. It is because direct connections are not always available.

2.  They Support all Major Plastic Card Providers

No matter you are operating in the local market or the international market, accepting major cards for payments must be your first priority.

This not only gives you more sales, but ensures a trustworthy online business.

3.  Multi-Currency and Multi Lingual Support

Dealing in the international market is easy, but not without a multi currency support. If you ecommerce payment gateway supports any currency and is multi lingual, then you have higher chances of converting your visitors to returning customers.

Your clients can read the information in their language and pay in their currency. When you receive the payment, it gets converted to your specific currency in your account.

4. Start Your Business in any Industry!

Starting an online business is no big deal if you have your industry selected. There are many industries for operation and ecommerce payment gateways like iPayDNA supports most or all of them.

Starting from gaming and online shopping up to Forex trading and adult industry, they have your back. In fact, major off shore merchant account providers supports different industries.

5.Accept Payments the way your Client Wants!

You are not sure that each of your clients will have a credit card. But the best thing is; you can accept payments through e-wallets and vouchers as well. If I take iPayDNA’s deliverables, their iPayLaterDNA (Email Payment) option is one of the best.

How? Suppose you are running a business in the gaming industry. Most of your visitors will be kids. They might not have access to Credit Cards or E-Wallets. So you can send an email payment link to their representatives and allow them to recharge their membership account!

In short, an ecom payment gateway keeps you in the competition. If you are still relying on offline methods, maybe it’s time to get an off shore merchant account.

Jot down your queries in the comments. I will be happy to guide you with the best of my knowledge. Also, don’t forget to share this post.

Cheers

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8 Facts and 6 benefits on China Union Pay Merchant Account

Needless to say, if you are running your online business relying on offline payment methods like checks, then you are way behind your competitors. But to help you get the most out of your business, a China Union Pay Merchant Account from iPayDNA can help you in the best possible way.

In this post I will take you through the benefits of this merchant account. But first, let’s look at some of the facts about the China Union Pay Account.

Things you Need to Know about China Union Pay

Chinese people are known for making high-end cash purchases! There was once a time when their Union Pay cards weren’t accepted in many places. However with time, China Union Pay cards are now accepted worldwide. In fact the logo of this card provider is now so popular that tour operators and retail store in the US and outside China rely on it for earning big bucks!

So if you are running an online business in the international market, stop loosing sales from China! Facts about China Union Pay that you will love to know.

·         China Union Pay is the only national debit/credit card provider in China. It was established up on approval of the People’s Bank of China and the State Council.

·         In today’s time, there are nearly 3 billion Union Pay debit cards in China! Considering the credit cards, they are more than a whooping 285 million! Till date, China Union Pay holds something near to 4 billion credit and debit cards across the globe.

·         In contrary to other plastic card providers, 100% of Chinese the Chinese population are familiar with the Union Pay brand!

·       Union Pay Cards are accepted in more than 140 countries outside China. The numbers are growing every year.

·         China Union Pay Merchant Accounts allow business operators to accept online payments in CNY.

·         People living in the United States can withdraw dollars with Union Pay Cards.

·         Business which accepts Discover Cards, also accepts Union Pay Cards. It is because China Union Pay had a long time partnership with Discover Card.

Thus, Union Pay cards can be used in US. Across 4 million merchants and 89% ATMs accept them.

China Union Pay Merchant Account for Online Business

If you are starting up with your online presence and look forward to progress your business with time, you will need an online payment gateway. Accepting Union Pay Cards can help you grow your business in a better way. If nowhere else, be it China as it the most populated country in the world!

iPayDNA offers you with all the necessary requirements to help you gain the maximum ROI. The following benefits are available from iPayDNA.

·         Multi Language and Multi Currency Support

·         Round the clock Fraud Management Team

·         Supports major plastic card providers including China Union Pay

·         You get a separate payment gateway page for accepting payments

·         Multiple payment methods

·         Supports all or most of the industries in operation and much more

So if you are keen to expand your business, get it the iPayDNA way. We wish you all the best and all success in your business. If you will to add some more necessary points that you think I’ve missed, post them in the comments. Also don’t forget to share this post in social platforms.

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