HIGH RISK MERCHANT ACCOUNT SPECIALISTS

13 Jul

By ipaytotal

Category: High Risk Merchant Accounts

Advantages of Offshore Payment Processing Services Comments Off

Advantages of Offshore Payment Processing Services

O

ffshore payment processing delivers a dependable and cost-efficient solution for online payments to businesses. Company owners may accept credit card payments in various currencies. Offshore credit card processing services also enable the retailers to accept a variety of kinds of charge cards aside from the big and common brands like Visa, MasterCard, and American Express. In the fast-paced electronic commerce world of today, offshore merchant accounts allow online businesses to improve sales volumes considerably and eases them in optimizing revenue and boosting profits. Why offshore credit card processing services. Offshore credit card processing has several advantages, including tax benefits and protection against currency fluctuations.


By calculating payments overseas, offshore credit card processing became among the best practices of online credit card processing services. Through secured servers, clients can now easily make purchases online. With the international merchant accounts that offer online credit card processing services the company owners not only receive exceptional tax relief benefits however it also enables the retailers to accept payments in various currencies.


Possible tax benefits: Purchasing nations like Ireland, Gibraltar or Malta are excellent choices for processing payments overseas. These are reasonably low tax states yet very reputable.


Offshore banks provide leniency: Not all companies that select Offshore payments processing are high risk, but a lot of, many high risk businesses look at overseas banks for payment processing for a valid reason! Overseas banks are much more liberal than domestic banks and will take businesses like adult content, online gaming, dating and a lot more. The downside is that offshore merchant accounts are often less affordable than domestic.


High volume alternatives: Similar to our purpose previously, international and overseas banks are liberal with a business volume limit. Retailers of the nutraceutical, pharmaceutical or multi-level marketing generally seek overseas or international payment processing solutions due to the generous volume caps.


Access to fresh, emerging markets: With an international merchant account, an e-commerce merchant, for instance, in the U.S., is opening their doors to the entire world.


iPayTotal can provide easy business registration in Europe to help e-commerce businesses in expanding their market. Registering a company in another country may be hard. iPayTotal can offer the necessities including an appropriate office location, essential staff, EU banking account as well as shareholders.


Why You May Need an Offshore Merchant Account Through iPayTotal

How would you know whether your business needs an international merchant account and for what reason is it important to ensure you have the right merchant account for your business? Not understanding the distinction could detrimentally affect your business.


Businesses that have eCommerce components or acknowledge payments from international countries, for example, Canada, the United Kingdom, or the European Union, need to know who the right payment processors are, and what international merchant account providers who will process transactions for your universal business.


Reputable organizations, as iPayTotal, are offering solutions to those organizations that require it most. Surprisingly, most merchants who need to grow their business all inclusive don’t know about the risks related to accepting international payments.


For what reason is it Important to Have the “Right” Payment Processor for your Offshore Merchant Account?

The main reason to ensure you have the right offshore merchant account for your business is to avoid the chances of your offshore payments gateway being shut down altogether.


The bank can close your offshore account and hold reserves, even without notice. This implies you have no chance to get of selling your products or services internationally, it will stop all cash flow entirely, and the money you earned from the products or services you sold internationally could be held by the banks for months.


When you begin off with the offshore payment processors, you increase the prolonged lifespan of the account. The bank’s underwriting or due-perseverance does not end after the account has been opened. There is continuous risk monitoring that is related to all offshore merchant accounts.


Many eCommerce companies and organizations processing international payments outside the United States experience issues discovering offshore merchant accounts and accordingly can’t grow their presence online. Therefore, e-commerce merchants achieve a level and are not ready to process multi-currency transactions. Without international merchant accounts, the ceiling for an eCommerce business is fairly low.


Don’t Miss Out on International Business Starting out with the offshore merchant account betters the chances that the acquiring banks will be more lenient. Offer your clients the chance to pay with a global merchant account in their local currency. Develop your business and achieve new markets. Commonly the approval procedure can be quick and many companies like iPayToTal give free quotes to your offshore merchant account.


Offshore Credit Card Processing

How it works.

Offshore payment processing services assist your company remains open twenty-four hours per day and seven days a week, providing complete online credit card processing, an online merchant center, and quick order processing and fraud management with the 24-hours service system. Credit card transactions are approved within minutes and automated receipts are delivered to the retailers and customers simultaneously.


Among the most significant benefits of obtaining an offshore trading account are also one of the main differences in between an offshore and a domestic merchant accounts, which is how easy it’s for an offshore lending lender to approve a merchant account request.


Offshore banks have fewer trading constraints, which makes it easier for online retailers working in high risk industries, like computer services, IT technology service, or cent auctions, to get an account. Additional benefits of getting an offshore merchant account include:


Offshore Credit Card Processing: By processing credit card transactions offshore, you can accept payments in various currencies.


Low Taxes or No Deposit: With a merchant account at an offshore state, you will benefit from that authority’s tax requirements.


No transaction volume limit: Offshore getting banks usually don’t put a limit on the number of transactions you may process a month, allowing your company to optimize gains and to reach its full potential. With its many benefits, it’s simple to see why an offshore merchant account is a right alternative for virtually any retailer Seeking to process credit card payments online. Your money. Like any merchant account, your money is available to you twenty 4 hours per day, 7 days a week.


You do not need to decide right off the bat if you want to have an offshore merchant account. The retailer account servicer will fly your accounts to many banks and fetch you a bid. You are going to need to hunt through them and find on which one you feel works the best for your business. No worrying. You won’t need to worry anymore about your onshore merchant account servicer canceling your account because you’d an advertising campaign which was an achievement and you suddenly had an influx of new business. If that’s a concern of yours, all you need to do is contact the retailer servicer and notify them of the campaign.


Probably they’ll NOT cancel you for suspicious activity which might be a welcome relief.


Why You May Need an Offshore Merchant Account Through iPayToTal

How would you know whether your business needs an international merchant account and for what reason is it important to ensure you have the right merchant account for your business? Not understanding the distinction could detrimentally affect your business.


Businesses that have eCommerce components or acknowledge payments from international countries, for example, Canada, the United Kingdom, or the European Union, need to know who the right payment processors are, and what international merchant account providers who will process transactions for your universal business.


Reputable organizations, as iPayToTal, are offering solutions to those organizations that require it most. Surprisingly, most merchants who need to grow their business all inclusive don’t know about the risks related to accepting international payments.


For what reason is it Important to Have the “Right” Payment Processor for your Offshore Merchant Account?

The main reason to ensure you have the right offshore merchant account for your business is to avoid the chances of your offshore payments gateway being shut down altogether.


The bank can close your offshore account and hold reserves, even without notice. This implies you have no chance to get of selling your products or services internationally, it will stop all cash flow entirely, and the money you earned from the products or services you sold internationally could be held by the banks for months.


When you begin off with the offshore payment processors, you increase the prolonged lifespan of the account. The bank’s underwriting or due-perseverance does not end after the account has been opened. There is continuous risk monitoring that is related to all offshore merchant accounts.


Many eCommerce companies and organizations processing international payments outside the United States experience issues discovering offshore merchant accounts and accordingly can’t grow their presence online. Therefore, e-commerce merchants achieve a level and are not ready to process multi-currency transactions. Without international merchant accounts, the ceiling for an eCommerce business is fairly low.


Don’t Miss Out on International Business:- Starting out with the offshore merchant account betters the chances that the acquiring banks will be more lenient. Offer your clients the chance to pay with a global merchant account in their local currency. Develop your business and achieve new markets. Commonly the approval procedure can be quick and many companies like iPayToTal give free quotes to your offshore merchant account.


So What’s A Merchant Account Payment Gateway Exactly?

Your organization can process credit card orders by means of its website easily in real-time with the assistance of an Internet payment gateway. In simple words, it is like an online cash register or a credit card terminal for your organization’s website and it works along these lines to the ones you find in the stores that select to work conventionally.


Merchants can deal with their customer’s support tickets effortlessly. Customized reporting makes accounting a breeze and enables organizations to watch out for all transactions in real-time. Payout management to customers is recorded in the gateway to amplify effectiveness and limit customer inquiries on payout schedules and payout reports. Fraud controls are given a full suite of choices, enabling merchants to initiate and configure the controls that are pertinent to their business.


This payment gateway can be incorporated with pretty much every virtual shopping basket and site. With the assistance of a virtual shopping cart, clients can choose all the diverse things they might want to purchase. At that point, when they continue to the checkout, this shopping cart will include the aggregate sum that is expected (including the tax and shipping costs) and gathers the billing and shipping details of the customer.


Next, the payment gateway will catch the transaction that was made by means of credit card, conceal the data of the transaction by converting it into a code, send it to the significant processor so as to get approval and after that answer with a notification expressing whether it has been approved or declined.


However, merchants should guard against adding too many third-party badges to their checkout pages. If you do this, it will just clog your page. Therefore, it is essential that you set aside the opportunity to figure out what will be reasonable for your online store or simply incorporate the fundamental ones, for example, Visa, MasterCard, and Discover.


Three Easy Steps

In short, there are three steps that online payment gateways perform whenever a customer purchases something from your website with a credit card. These steps are approval, settling and in lastly reporting.

Step One – Authorization The credit card issuer needs to authorize all buys that are paid for with a debit/credit card by means of the payment gateway first. Your payment gateway confirms if the card can be acknowledged and, then a secure connection gets created between your company, your client/customer and your credit card processor by the payment gateway. Because of this procedure, the transactions get processed quickly and efficiently.On average, the response time just takes a couple of seconds!


Step Two – Settling Settling occurs by the day’s end. Amid this procedure, your Internet payment gateway joins combines all your transactions and forwards these to your bank in one group with the goal that you can get your payment.

Step Three – Reporting Each and every transaction gets recorded. This helpful procedure empowers you to see or download your transactions. On the other hand, you can also utilize the payment gateway revealing highlights to print out a duplicate of your transactions.


Benefits Of Using  Offshore Payment Gateway

The iPayToTal’s gateway features unsurpassed performance, with the ability to take care of more than 90 transactions for each second, a mandatory requirement in the business environment. Transactions can be batch uploaded or individually processed. Contingent upon the size of the organization, merchants will pick the level of their association with integration and management.  iPayToTal will host the payment gateway or the merchant can have the gateway on their servers. iPayTotal will provide any level of client support and technical support, one-time or on a regular basis. It is all up to the merchant.


One of the biggest advantages is that dissimilar to with regular terminals that can just process a single transaction at the same time, there isn’t a limitation on what number of clients can utilize the Internet payment gateway at the same time. In addition, you can also offer your clients more choices. When you show different payment alternatives, your customers will be more inclined to proceed to check out as it will be easier for them to pay you. Also, if you are fortunate to have customers who shop often at your online store, you can charge their credit cards on a recurring basis. This element is certain to give you a chance to rest assured.


Fraud detection is a vital part of any payment gateway, be that as it may; what happens when one of the filters fails? iPayTotal has a multi-layered fraud detection and minimization system(Built-in Fraud Prevention Tool) to confirm that all transactions are genuine.


On account of fraud screening tools, for example, card code value (CCV), card verification value (CVV) and address verification service (AVS), fraudulent transactions are less likely to occur. Additionally, by keeping the credit card transactions in your gateway and not on your website, your risk gets decreased too.


Ultimately, payment gateways are also really convenient for phone telephone or orders that you get by means of the mail on account of the way that you can enter all your transactions manually.


When you might want to change your standard website into an online store, a payment gateway is definitely essential. Any merchant who needs to expand his or her online sales can welcome transactions of higher value with no issues.


To know more about Offshore Merchant Accounts please contact iPaytotalDon’t wait anymore, open up more channels for your business and let it grow like never before. Our application form is easily accessible from desktop, mobile or tablets. All the required documents(few) can be easily scanned and uploaded. Yet, if you have any question or query to make, regardless we welcome you.

Drop an email at [email protected] or call us at +(44) 800 776 5988


Your Virtual Terminal

With your merchant account comes the button from the retailer servicer for your site. Load the information out of your account chip and put in on your website for your clients to use when buying from you. With which comes a safe Gateway for your transactions to process through. This implies that not everybody can see the private info of your customers. The transaction runs throughout the system smoothly and your clients can feel safe with their debit and credit cards. When that’s completed, your money is put in your account upon your request.


In the meantime, it sits on your merchant account awaiting transport. Like any merchant account, there’s a fee to move it to the bank. So only move money a few times a week to maintain the down payment, and before you sign up with your retailer servicer, find out what the fee is. Knowledge is power after all.


iPayTotal provides offshore merchant account services in more than 12 jurisdictions. Contact us to know more.

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