Why would merchants want to do business offshore?
There are many benefits to processing offshore and only an offshore can provide merchants with all of the advantages which include:
- Multi-currency pricing and/or settlement in multiple countries
- Multi-jurisdictional payment solutions and the ability to settle in multiple currencies with multiple banks in different countries through a single website
- Low or zero taxation on profits
- Duty Free Zones
- Business simplification
- Access to international markets.
A high risk offshore merchant account works much like other types of merchant accounts do. You apply for a high risk offshore merchant account using the same information you would use for a regular merchant account - your business name and information, pictures and details of its location, if applicable, and your own information, including proof of identity, bank account information and statements, and tax history.
Once the high risk offshore merchant account is approved and set up, you will receive credit card processing equipment in order to process credit cards face to face, or over the phone or internet. The money will be deposited into your bank account on scheduled deposit dates, which the provider of your high risk offshore merchant account will tell you about at the time of initial setup.
An offshore merchant account is especially beneficial for an online merchant whose business is classified as high risk.
Touchpoint Communications has extensive expertise as a high risk merchant provider and has established credible offshore merchant accounts for many online high risk merchants.
Industries such as pharmaceutical, online skilled gaming, telemarketing, online dating, replica goods, foreign exchange are all classified within the high risk category. An offshore merchant account is almost imperative in high risk industries to facilitate online credit card transactions and simultaneously provides a legal vehicle to move and house your business profits globally.
Offshore merchant accounts also extend the following benefits:
- No processing limits
- Credit card payments accepted in a variety of currencies
- Our 24-hour merchant support is complimentary
- High average ticket amounts are accepted
- High volume merchants are welcomed
Touchpoint Communications extends one of the most secure and sophisticated payment gateways to process credit card transactions online along with your offshore merchant account.
Going offshore with us provides merchants with the means to grow their businesses. Our offshore processing solutions comes with no limitations on volume (no caps) giving you complete control over your marketing efforts.
To apply for offshore merchant account please download application (PDF Format)
Applications\Merchant PreCheck Form2.0.3.pdf
For more information on offshore merchant please contact us:
Touchpoint Communications
