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.
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.
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
