Expanding has always been every merchant's dream. Once the money comes in for your merchant account, you think of other ways to keep 'em coming.
But what if your business is something that the banking standards for approving merchant accounts are perceived as high risk such as:
●travel
●online gaming
●online pharmacy
●adult website
●outbound telemarketing
●escort service, etc.
Then, setting up an offshore merchant account is the next big thing for you to consider. If you want to have a global reach, then setting up an offshore merchant account is the most practical step.
Practical, being the operative word, spells how you also want your business to be known. When they see that you have the resources to venture out, it would be a plus sign for your offshore merchant account to be up and running.
So, you have the “merchant guts”, the “merchant resources”. Where do you go from there?
In the most normal possible way, you check out banks around the globe. You do this by researching for directories of foreign banks or over the internet. You call them up, if needed. Fax in, snail mail or email your application. Check their interest rates. Your offshore merchant account should enjoy flexible rates so you'll be in the competitive arena.
Take the road-less traveled by reading the whole article:
Skipping the Long and Winding Road to Setting Up your Offshore Merchant Account
But what if your business is something that the banking standards for approving merchant accounts are perceived as high risk such as:
●travel
●online gaming
●online pharmacy
●adult website
●outbound telemarketing
●escort service, etc.
Then, setting up an offshore merchant account is the next big thing for you to consider. If you want to have a global reach, then setting up an offshore merchant account is the most practical step.
Practical, being the operative word, spells how you also want your business to be known. When they see that you have the resources to venture out, it would be a plus sign for your offshore merchant account to be up and running.
So, you have the “merchant guts”, the “merchant resources”. Where do you go from there?
In the most normal possible way, you check out banks around the globe. You do this by researching for directories of foreign banks or over the internet. You call them up, if needed. Fax in, snail mail or email your application. Check their interest rates. Your offshore merchant account should enjoy flexible rates so you'll be in the competitive arena.
Take the road-less traveled by reading the whole article:
Skipping the Long and Winding Road to Setting Up your Offshore Merchant Account
