These days online shopping is considered the most convenient way to buy products and services. And if you are an online business that poses the high risk, then a high risk merchant account is right for you. According to experts operating in the market of offshore merchant accounts, it is the best procedure to take a high risk business to the next level.
In the business world, there are many businesses that are considered risky. High risk processors will provide you solutions for your high risk business as they have vast knowledge and experience pertaining to offshore credit card processing. These service providers have the policy to target high risk businesses with an offshore bank that accept a wide array of different high risk merchants.
An approval for opening a high risk merchant account solely depends upon the policy. If the guidelines are strict, you may have trouble getting approved with processing history. Have all required KYC, processing history and a good update to date professional website is a must.
The fees for high risk accounts are higher than other standard merchant accounts. For example – if you are paying an anticipated card processing fee of around 1.5% to 2.5% for a standard account, you might expect to pay around 5% to 12 % as a high risk merchant.
If you are planning to set up merchant accounts in an offshore jurisdiction, its right time to get in touch with an expert helping businesses in this process.
Read more at : http://www.confidentialbanking.com