Learn More about Offshore Credit Card Merchant Accounts
Q. Is an offshore credit card merchant account safe?
A. Yes, an offshore credit card merchant account is safe both for the merchant and the customer. For the client and the merchant’s security most credit card processors present fraud detection tools like 3D secure and advanced fraud screening software. Furthermore, if the merchant ensures that he has researched the financial stability and dependability of the offshore merchant account provider then the offshore credit card merchant account is as safe as a local merchant account.
Q. How can I open an offshore credit card merchant account?
A. Most offshore credit card merchant accounts can be opened simply by filling an online application form.
Q. What kind of merchants can set up an offshore credit card merchant account?
A. ‘High risk’ merchants, startup businesses, high volume merchants, international e-commerce businesses and other e-commerce related businesses are able to set up an offshore credit card merchant account.
Q. Is it necessary for a merchant to integrate an offshore office in order to start processing online cards?
A. In most cases, an offshore office presence is not necessary.
Q. What are the rates for opening an offshore credit card merchant account?
A. Every merchant account provider has a different rate which is usually dependent on the risk associated with the business type. Rates can easily be provided by the merchant account provider once an application has been submitted.
Q. What if a merchant has a poor credit history? Can he/she open an offshore credit card merchant account?
A. Most top offshore merchant account processors accept merchants with poor credit history. They often have an approval rate ranging from 95% -100%.
Q. Which currencies are normally processed by merchant account processors?
A. Most merchant account processors provide multi-currency transactions for offshore credit card merchant accounts. USD, EURO, AND GBP are the most common currencies available.
Q. What types of credit and debit cards are accepted by merchant account processors?
A. All major types of credit and debit cards are accepted.