Offshore merchant accounts may be the only
solution for certain business types that are
deemed to be high risk merchant types. These
business types usually experience high
percentages of chargebacks and are deemed to
risky for most credit card processors. A
offshore merchant account is usually the last
resort for all high risk merchants. Typically,
rates are higher to justify the risk of the
account to the processor. Many times a reserve
account is held, to cover any potential chargebacks that may pass through the account.
The upside is that these accounts usually have
no credit or volume restrictions.
Online Pharmacy
Adult Content
Travel Agency
Credit Repair
Debt Reduction
Get-Rich-Quick
High Monthly Volume
Tobacco Sales
Mortgage Mitigation
Stop Foreclosure
Pharmaceuticals
Adult Toys
Timeshare Sales
High Ticket Amounts
Offshore
Merchant Account
All applicants for an offshore merchant
account should allow around 5 business
days after submitting paperwork for
approval. High Risk Merchants credit history is
usually not a factor and merchant volumes
are usually unrestricted.
Following information is typical:
FASTEST APPROVAL TIME
VIRTUALLY ANY BUSINESS TYPE
MERCHANT CREDIT NOT AN ISSUE
WEBSITE BUSINESS WELCOME
MONTHLY VOLUMES TO >$1,000,000 PER MONTH
!!!!
Merchants best suited for a
Offshore Merchant Account are usually
merchants who are currently processing,
with fairly high monthly volumes. These
accounts are typically not well suited
for a "Start-Up" business. Each
application is on a case-by-case basis.