Offshore Merchant Account Advantages - Merchant Stronghold

An offshore merchant account comes with all the benefits a smart and practical business owner would want to have for their online business, such as simple application with minimal or zero initial deposits and taxes, account security and safety rapid payment processing, and much many more.

All kinds of businesses now accept debit or credit card transactions due to its numerous benefits for retailers and customers. Also, it creates a lot of profits by boosting the cash flow and sales of the company due to the fact that 80 percent of consumers make payments using their debit or credit cards.

A merchant account that is offshore offers numerous benefits to both the retailer and company will reap. These are some of the benefits:

Simple application

It's very simple to apply, unlike a traditional merchant account. Merchant account providers offshore do not have any rigid rules and guidelines in regards to applications since they do not have any strong competition, so they are able to accept applicants to the fullest extent. There is a possibility to apply for this account even if are new and inexperienced or even if your company isn't large. The time to set up may take a week, based on the provider of your account you select.

Low or zero initial deposit

A lot of domestic accounts will require massive amounts of money as the first deposit from people who are unable to afford these kinds of accounts. In an offshore merchant account, merchants don't have to think about this.

Taxes reduced or eliminated

Most of the time, the service providers are in a different country from the customer, therefore the processing charges of debit or credit cards are not governed by tax rates that are high. They typically have lower to zero tax rates and up to 15 percent savings on tax payment. This is a huge benefit for businesses who wish to increase their profits.

The acceptance of multiple credit cards as well as currencies

This account gives businesses the ability to accept various debit or credit cards as well as different currencies across the globe. Merchant accounts in the United States may be restricted to local currency which limits the ability of businesses to expand across the globe. However, with offshore accounts, diverse currencies are welcomed, especially since it's not restricted to a single country. Customers also don't have to be concerned about currency conversion when making payments.

Privacy, security, and safety

Merchant accounts that are offshore are believed to be high-risk in fraud or scams. However, with a thorough investigation, you can identify a company that is legitimate and ensure that your account is secure and safe. Numerous offshore companies are using the latest security technology and protection mechanisms against insecure encryptions and fraud to assure users of their accounts that their financial transactions and accounts are protected and secure with absolute security.

Reliable payment gateway

The debit and credit card processing gateways remain operational and stable. Customers and merchants do not need to fret about slowdowns or processing issues. By having this type of account, your company can accept debit and credit card payments all day long with quick account updates.

Fast payments

Merchants won't need to wait weeks for payment transfers as it only takes just a few seconds for the transactions to be processed, and you'll get immediately paid.

International customers

It's not restricted to a single country or currency, which increases the potential of retailers' business. It's available globally, so buyers from all over the world are capable of purchasing your products and services in unlimited quantities.

Cart of shopping

The accounts can be used with scripts that allow shopping carts and 'one-click purchase functions to merchant's online stores

Many businesses are expanding their operations and entering the international business. Businesses require merchant accounts to take debit or credit card transactions from international customers since locally-based merchant accounts are restricted to the local area. Also, it isn't true they are a scam as some claim. Offshore merchant accounts are secured and secure.

Are you looking for offshore merchant services? Merchant Stronghold offers reliable offshore merchant account services for high risk businesses. Get in touch now for more details - https://www.merchantsstronghold.com/