InstabillInstabill
  • Merchant Services
    • Credit Card Processing
    • Fraud Protection
    • Merchant Account Fees
    • Merchant Accounts
    • Payment Gateway
  • Partner Program
  • Supported Industries
  • Knowledge Center
    • Articles
    • Frequently Asked Questions
    • Instabill Newsletter
    • Instabill’s White Papers
    • About the Company
  • Contact Us
  • Sign Up
  • Blog
  • 800-318-2713

What is an Offshore Merchant Account?

Home Instabill Articles Database Offshore Merchant Account Solutions What is an Offshore Merchant Account?

An Offshore Merchant Account defined

An ‘offshore’ merchant account is an internet trading account for e-merchants, which is established in a non-resident country. It allows the merchant to process online payments and allows other transaction processes.

The basis of an Offshore Merchant Account

Many internet based businesses, especially those in the high risk category face obstacles in opening merchant accounts especially through banks and domestic account providers.
Local banks are usually conservative and require merchants to furnish a number of documents and present a past credit history of transactions. This makes the merchant account procedure to be time-consuming and at times futile.
For such online firms, it is feasible to opt for an offshore merchant account.

  1. Local merchant account providers may not allow a high volume of sales and if merchants are aiming to increase their sales projections steadily they should opt for an offshore merchant account.
  2. An offshore merchant account will be discrete in its dealing and allows funds to be transferred anywhere.
  3. Offshore merchant accounts also provide tax as they will be based in countries where there are no tax liabilities.

Online businesses that are likely to benefit the most by opening an offshore merchant account include adult entertainment, Internet drugstores, casinos, sportsbooks, electronic cash, imitation products, tobacco items, travel-based, and biotechnology.

sign up today

Find More Articles

  • Debit and Credit Card Processing
  • E-Commerce Security and Fraud Protection
  • Features of Instabill
  • High Volume Credit Card Processing
  • International Merchants
  • Introduction to Merchant Accounts
  • Merchant Provider Account Reviews
  • Merchant Account Service Guide
  • Merchant Accounts for the UK
  • Merchant Accounts in the US
  • Offshore Merchant Account Solutions
  • Online Casino Merchants
  • Online Pharmacy Merchant Accounts
  • Online Travel Merchant Accounts
  • Payment Processing
  • Qualities of High Risk Merchant Accounts

Contact Us

875 Greenland Road
Portsmouth, NH, USA
International: +1 603-436-1270
US Toll Free: +1 800-318-2713
US Fax: +1 603-436-1207

Resources

  • Instabill Merchant Support
  • Site Map
  • About Instabill
  • Careers at Instabill
  • Instabill Newsletter
  • Privacy Policy
  • Security Policy

Connect With Instabill

Email
Facebook
Twitter
Google+
LinkedIn
YouTube
Instagram
Pinterest
Skype
Tumblr
SoundCloud
Yelp

¡Se habla Español!
On parle français!
نتكلم العربية

Copyright © Instabill 2001-2016