Advantages of Offshore Payment Processing

Offshore payment processing by Instabill

 Offshore Payment Processing Services

Offshore payment processing offers a dependable and cost-effective solution for online payments to businesses. Business owners can accept credit card payments in multiple currencies. Offshore credit card processing services also enables the merchants to accept various types of credit cards aside from the large and common brands such as Visa, MasterCard and American Express.

In the fast paced eCommerce world of today, offshore merchant accounts enable online businesses to increase sales volumes significantly and facilitates them in maximizing sales and boosting profits.

Why Offshore Credit Card Processing Services

Offshore credit card processing has many benefits, including tax advantages and protection against currency fluctuations. By processing payments offshore, offshore credit card processing has become one of the best practices of online credit card processing services. Through secured servers, customers can now easily make purchases online.

With the offshore merchant accounts that offer online credit card processing services the business owners not only get exceptional tax reduction benefits but it also enables the merchants to accept payments in multiple currencies.

Possible tax benefits: Investing in countries such as Ireland, Gibraltar or Malta are excellent alternatives for processing payments offshore. All three are reasonably low-tax countries yet very reputable.

Offshore banks offer leniency: Not all businesses that choose offshore payment processing are high risk, but many, many high risk businesses look at offshore banks for payment processing for good reason: offshore banks are far more liberal than domestic banks and will accept industries such as adult content, online gambling and gaming, dating and many more. The drawback is that offshore merchant accounts usually are more expensive than domestic (contingent on the bank with which a merchant is partnered).

High volume solutions: Similar to our point above, international and offshore banks are also liberal with a businesses volume limits. Merchants in the nutraceutical, pharmaceutical or multilevel marketing usually seek offshore or international payment processing solutions due to the generous volume caps.

Access to new, emerging markets: With an offshore merchant account, an e-commerce merchant, for example, in the U.S., is opening his/her doors to the world. Recently we blogged about a study we read which claimed 1/3 of U.S. e-commerce merchants surveyed have plans to pursue business registrations in Europe.

Easy company registrations: Through a partner, Instabill recently announced it can offer easy company registrations in Europe to assist e-commerce businesses in expanding their marketplace. Registering a business in another country can be difficult. Instabill can provide the necessities including a suitable office location, necessary staff, EU banks account and shareholders.

Offshore Credit Card Processing – How it works

Offshore payment processing services help your business remain open 24 hours a day and 7 days a week, providing comprehensive online credit card processing, an online merchant center, and speedy order processing and fraud management with a 24 hour support system.

  • Credit card transactions are authorized within seconds and automated receipts are sent to the merchants and customers simultaneously.
  • Offshore credit card processing services are capable of providing reduced charges with AVS (Address Verification System) and fraud screening systems.
  • The transaction process rates depend largely on the form and volume of the business.

Due to an increase in the demand of high risk merchant processing the demand for offshore merchant accounts services has also increased. High risk businesses such as online casinos, pharmaceuticals and online gambling have started relying heavily on offshore merchant account. As a result on offshore credit card processing, as it offers secure jurisdiction and a steady market.

This makes offshore credit card processing much more effective and easier as it saves not only time but also money.