Offshore merchants may feel stuck with the wrong payment provider. It is very common when the business has grown in such a way that the payment provider cannot offer the best offshore credit card processing services any more.
Other times, the merchant realises that they have been charged with outrageous rates or just want to expand the business and accept transactions from other countries. The advances of the internet allow companies to explore the online market and to rely on an international audience for their goods and services.
Recent research shows that in 2019 alone, e-commerce sales amounted to $3.53 trillion worldwide with an expectancy of growing to $6.54 trillion by 2022. If you are searching for a new offshore credit card processing service, here are five facts you need to know about offshore credit card processing services.
1. Tax benefits
Many merchants struggle with taxes on their current merchant accounts, but an offshore merchant account will allow you to sell products around the world with a low tax rate. It is also easier to obtain an offshore merchant account because of relaxed regulations around the globe.
2. Advanced security
Offshore merchant account providers, such as iPayTotal, can offer advanced security tools for merchants such as card verification, address verification facilities, secure payment gateways and 3D secure processing technology. It is essential to have a secure e-commerce platform to ensure a great customer experience while maintaining profitability.
3. Global payment
An offshore credit card processing service allows you to accept payments from around the world, which will in turn expand your market significantly. At iPayTotal, your business can benefit from the acceptance of multiple currencies as well as deposits.
4. Customer service
Offshore merchant account providers like iPayTotal can offer your business a 24/7 customer service and a very caring customer supporting system. We are very proud of our support system, all of whom are experienced and available to hear more about your business and answer any questions you may have in the process regarding your offshore credit card processing requirements.
5. On-time pay-out
Pay-outs are faster when you have offshore credit card processing services. It is an important requirement for every merchant and a reliable merchant account provider like iPayTotal can have it done within days.
An offshore merchant account is very suitable for e-commerce merchants, especially high-risk businesses types. iPayTotal can provide offshore merchant accounts to a wide range of high-risk companies, whether you’re a start-up or an existing business.
You will benefit from our experienced team to support you through the entire process and our customised solutions. At iPayTotal, we have a clear perspective of high-risk businesses and understand the needs of the merchant.
Contact us at iPayTotal and open your offshore merchant account, enabling you to offer credit card processing.