Merchant Accounts | The Best Way to Get Paid Today
Merchant accounts: Allow business owners to accept payments from credit and debit cards via the internet and other gateways securely with low monthly pricing and fair terms for customers
Merchant accounts: Please invest 2 minutes of your time to watch the video below. It spells out how you can benefit. Or if you prefer to read, then feel free to skip the video and go straight to the text below:
Merchant accounts: Multi-currency trading
Merchant accounts (called MA’s) offer many more advantages than on-shore ones including allowing up to 2.5% in chargebacks and 10% for refunds for retailers!
Since they are run by offshore banks, these accounts do not have limitations or restrictions like registered onshore ones.
With industry common features such as multi-currency accounts and tax benefits, MA’s can be owned by offshore corporations and can help facilitate international trading.
This type of offshore bank account is a new addition to the offshore banking system and it allows you to trade 24 hours a day, 365 days a year in this virtual home. Since these accounts are tax-free, they allow offshore companies to offer products to clients for a small fee, much lower than competitors.
‘High risk’ businesses engaged in activities such as gaming, pharmaceuticals, telephone card sales, timeshare rentals, multilevel marketing, credit card repair, financial services, and counseling are well suited to have merchant accounts and we can offer these technologies to you.
- Zero tax liability in the country of the account
- Privacy and security
- Buying and selling in currencies of your choice
- Zero restriction transactions (i.e. unlimited)
- Short setup time requiring maybe just one week
- International forgery and fraud protection coverage
This can come with a high price tag and expensive terms starting with the initial set up costs, discount rates, and transaction fees are sometimes higher in comparison to domestic banks. All you need to open one of these accounts is to own an offshore company.
There are, however, exceptions with some offshore banks insisting on security in the form of either an up-front cash deposit or ongoing cash reserves. Apart from offshore banks, merchant accounts are also offered by certain international money service providers.
You can also apply online to open an account after you have decided on a particular bank.
Before opening this type of account, however, you need to check out their backgrounds services such as pricing, privacy, compliance, and personal tax benefits. This can be a real gift for you.
Financial Institutions address the need for these accounts
With e-commerce becoming increasingly popular, many corporations need an offshore e-commerce merchant account, and offshore destinations are going all out to provide their clients with this additional benefit. Mauritius banking is a good example of this.
Tax-friendly countries like the United Arab Emirates, Mauritius, Seychelles, and BVI posses secure integrated financial sectors. This makes them very attractive to corporations looking for methods that help them directly grow profit and that partner with those who have years of experience in the merchant account.
Applying for an offshore e-commerce merchant account via offshore companies in such countries will give you the tools for a simple and inexpensive corporate structure.
You get privileges like an international settlement jurisdiction and high chargeback limits, either in the Caribbean or Europe, thereby giving you a dual acquiring presence.
- The opportunity of presenting your customers with secure payment alternatives
- Currency solutions and channeled marketing which in turn reduces currency and location costs while electronically simplifying cross-border processing
Are you looking for more information on living abroad in an offshore haven, or retiring early because of savings offshore? Or are you an expat looking for ways to build your wealth?
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