Instabill works with a wide range of business owners who work in many different industries and process various monthly sales volumes. We can provide merchant accounts to storefront businesses, MOTO businesses, and e-commerce businesses. We can even help you register your business in another country. However, we would be lying if we said that we did not have a specialty. Here at Instabill what we know best is offshore merchant accounts for medium to high volume merchants.
What is a Good Monthly Sales Volume?
While many banks accept businesses that process as little as $5,000 per month in transactions, our offshore banking partners like seeing at least $50,000 per month. Depending on your business, this may not sound like much at all. Remember, Instabill specializes in high volume credit card processing and we can accommodate merchants processing more than $1 million a month in sales.
Instabill Merchant Account Manager Dan Couzins told me a story the other day. He said that one of his merchants was peaking at $500,000 a month and wanted a merchant account with a $1 million volume cap. Now, there are some offshore merchant accounts that have processing caps—it all depends on the bank—but Dan was able to set up his merchant quickly with a second merchant account. He now had two merchant accounts with $500,000 monthly volume caps. As Dan’s merchant continues to grow, we can help him establish multiple merchant accounts—as many as he needs to allow his business and bottom line to grow.
Why Should I Open an Offshore Merchant Account?
Not only will you have very generous volume caps, but offshore merchant accounts can also save you a lot in the end. “The rates may be a little higher with an offshore bank,” said Dan, “but when you register your business in the right jurisdiction, you will end up saving significantly more. A merchant may need to pay an extra 2% in credit card processing fees, but an offshore merchant account can save a business upwards of 20% a year in taxes.”
Accept Multiple Cards and Currencies with Instabill
If you let us help you establish your high volume credit card processing services the right way, you can benefit from more than just tax exemptions. You will also be able to accept multiple card brands and multiple currencies. Depending on your industry and where you are willing to register your business, you can accept one, two, three, or even all of the following major credit card brands.
For an e-commerce merchant who sells internationally, processing in multiple currencies is vital to the success of your business. With Instabill, you can process transactions in more than 160 currencies using our simple, secure payment gateway. Listed below are the most popular currencies in which our merchants process.
More Options Means More Customers
When you sell your goods and services online, the more payment options you provide, the more customers you will be able to attract. With more customers come more monthly sales, which means you need a high volume merchant account. Instabill is your go-to Internet Payment Service Provider for all things high volume and offshore.
To learn more about our high volume merchant accounts and how we can help you register your business in the perfect offshore jurisdiction, call us at 1-800-318-2713 or contact us online today.