Many high risk businesses have questions about offshore merchant accounts and how they work. Getting an offshore merchant account can be very difficult and there are many misconceptions in regards to what an offshore merchant account really is.
First off, not all high risk online businesses need on offshore merchant account. Some sites such as adult, online gaming, online pharmacies and online tobacco may require an offshore merchant account.
Offshore Direct Merchant Account vs. 3rd Party
A direct offshore merchant account allows you to completely integrate the checkout process into your website and your customers will see your business name on their credit card statements. These accounts also allow for a faster transfer of funds into your bank account.
Getting a direct merchant account from on offshore bank in Europe, Hong Kong or any of the other common banking countries often requires that the business has a corporation set up overseas.
If your business does over $150,000 per month in credit card volume, then we can help your business get set up with an EU corp and a direct offshore merchant account.
If your business does under $150,000 per month in credit card volume, then a 3rd party merchant account is better suited for your high risk business. A 3rd party merchant account sends your customer to a secure website to check out and they will see the 3rd party company name on their credit card statement.
The rates for a 3rd party processor are much higher than a direct merchant account. At eMerchantBroker.com we can help you get the best rate for your 3rd party merchant account.
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