Offshore Merchant Accounts Benefit Small BusinessesPosted by Daniel Brain on May 26th, 2018 An offshore merchant account is a term that is often confused with an account for high-risk merchants. Well, this statement is a partially true, as not only high-risk merchant but also merchants belonging to any industrial type can get this offshore merchant account if dealing overseas. This type of account provides facility to open an account in countries other than home country. Ultimately, helps to conduct secure credit card processing and acceptance of various currencies. As technology is advancing, the internet has decreased the geographical distance and brought the global market at one place. Through online businesses, merchants can provide its services to the customers all around the world. Irrespective of the size of business you own, to run it successfully online, merchants need to have two things: 1. Merchant Account An offshore merchant account is the most common account out of all the options available in the market. The offshore account does not require a huge cost for initial setup. This type of account is more popular among small businesses that operate online. Benefits of Offshore Merchant Account 1. Some offshore account providers may charge you but there are a few that do not charge a penny for initial setup, which is a beneficial deal for merchants running small online businesses. THINGS TO KNOW When you own small sized online business or if you are setting up one, you cannot afford to become a victim of fraud. Fraud and scams are the harsh reality of the business world and usually new, small, inexperienced businesses are the target of these scammers. For the purpose of safety of merchants, offshore merchant account provider takes responsibility to protect their clients from online frauds. Like it? Share it!More by this author |