Offshore Merchant Accounts
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In recent years, there has been a steady move away from domestic account providers and increased uptake of merchant accounts with offshore/third party payment processors. Traditionally, domestic merchant account providers have been considered the securest option available, however the influx of e-commerce businesses and advancements in offshore payment processing have since become a more favorable alternative.
Benefits of offshore vs. domestic merchant accounts:
No monthly processing volume limitsUnlike domestic account providers, offshore payment processors do not enforce processing volume limits on their merchant accounts. Domestic merchant account providers respond to increased revenue by flagging it as fraud, immediately suspending, penalizing or closing merchant accounts down. Offshore and third party processors encourage their merchants to increase their business, using advanced security mechanisms to rule out fraud, whilst rewarding them with reduced rates and additional support. Regardless of the flexibility of earnings, all merchants should seek an offshore provider with no volume limits, in order to increase their sales, expand their market and grow without the fear of fines or account termination.
Multi-currency and multilingual serviceUnlike domestic account providers, offshore and third party accounts provide merchants with multi-currency and multilingual services. The ability to communicate and transact with customers in their own language is extremely beneficial to a merchant, opening their business to a lucrative international market and substantially expanding their customer base. This is a service offered rarely by domestic processors, who regularly place blanketed bans on international customers instead of providing adequate security screening for widespread access.
99% approvalUnlike domestic merchant account providers who are overly cautious and bound by legislation, offshore payment processors are free to accept any businesses they chose. It is increasingly difficult for high-risk and/or high-volume e-commerce businesses to sign up with a domestic provider, with many shunning their industries or requesting exorbitant security bonds due to their perceived risk. Offshore merchant account providers give all online businesses an equal chance, providing them with full service accounts regardless of bad credit history, high-risk industries, no previous experience or high volume turnovers.
More reasons to choose offshore merchant accounts- Increase sales and grow your business through international access
- Multicurrency options
- 99% acceptance rate for high and low risk industries
- Immediate acceptance and integrations
- No country discrimination
- No monthly processing volume limits
- Back end administration and full spread reporting
- Virtual terminal and hosted sales pages provides
- Increase market penetration
- Full offshore security scanning
- Multi-lingual capabilities
Open an offshore merchant account with the market leading offshore processor, intabill.
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