How to Get Offshore Merchant Accounts with Reasonable Price?

Posted by Daniel Brain on May 21st, 2018

Offshore Merchant account

It is like any other account but is with a bank outside merchant’s home country. This type of account enables a merchant to accept payment online by accepting credit card. It is not restricted to any industry type, but is available for merchants across all the industrial categorization and can get this account opened to reap its benefits. This type of account is more beneficial for merchant’s expanded their business beyond geographical boundaries i.e. multinational merchants.

Multinational merchants mean that the merchant sells a product to domestic as well as international customer and deliver real-time credit card processing in a local currency of customer. For safe and secure credit card processing these merchants should work with local bank of other countries. To achieve these objectives, an offshore account is the best alternative.

How to choose an offshore merchant account?

If you are looking for an offshore merchant account provider, you will find hundreds of them but find out the one that suite your business requirement is quite a task. While looking for offshore account provider, consider the following:

PAYMENT GATEWAY

It is not possible to accept payment over the internet by simply opening a merchant account. You also need a payment gateway to conduct transactions. If a merchant is dealing with overseas customers, your merchant account provider should also facilitate you by offering international payment gateway for real-time online processing.

MAJOR CURRENCY ACCEPTANCE

Offshore merchant account should facilitate merchant to process payments in a local currency of various countries. Where a merchant is providing services. It is important that your merchant account provider offers multi-currency processing in the countries you operate. If you are planning to expand your region, make sure that merchant account is capable of accepting currency of that country too.

SECURITY

To ensure secure credit card processing anti-fraud protections like AVS, CVC, and pre-authorization tools are important. This will also help in reducing chargeback ratio. Get more information visit website – www.merchantstronghold.com

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Daniel Brain

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Daniel Brain
Joined: November 18th, 2017
Articles Posted: 81

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