Although online poker is only legal in four states so far (i.e., Nevada, New Jersey, Delaware, and Pennsylvania), this fun and exciting card-based game attracts millions of players from around the country. You can’t deny it – whether it is Texas Hold’em, Omaha, Seven-Card Stud, Five-Card Draw or High/Low Chicago, that adrenaline rush of seeing the cards being dealt and hitting big when that river falls in your favour is second to none.
Having said that, if you are planning to set up your own poker website, you might find it hard to find a reliable credit card processing solution as the online gaming industry is considered “high risk.” High volume turnover, higher potential for chargebacks, and higher potential for money laundering are just some of the reasons why a processor might label an online gaming merchant as high risk.
Can offshore merchant accounts be the solution you need?
When you partner with a reputed high-risk merchant service provider who can match you with banks outside the U.S. that have fewer trading restrictions, you can begin processing payments and bets on your poker website within two weeks! You also get a lot of additional benefits such as fraud protection, chargeback mitigation tools, and 24/7 customer service. What’s more? With an online poker merchant account, you may even be able to accept payments in the world’s most traded currencies, such as US dollars, British pounds, euros, Japanese yens, Swiss francs, and more.
If you want your casino to online poker website to grow and receive a lot of traffic, as well as enjoy a good reputation, you will need a professional high-risk merchant services provider to help you on that journey.
With an increasing number of crypto OTC trading services providers in the market, how do you know which one is right for you? Here’s what you should look for when comparing your options:
- How does the service provider store their clients’ funds? Do they work with a licensed and regulated brokerage firm? Do they have any protective measures (such as ring-fencing all funds in the client’s sub-accounts) in place? The answers will determine whether your funds will stay safe and secure with them.
- Make sure you know the amount you will be charged to set up your OTC bitcoin trading account, as well as the amount you will be charged for each trade. Most reputed crypto OTC trading services providers offer account setup at no additional costs.
- How’s the sign-up process like? What are the requirements? Every good service provider should request relevant KYC documents to complete the merchant’s verification.
- What about customer support? Will they provide you with personalized support and assistance every step of the buying/selling process? Is it easy to get in touch with a representative of the company should you have any questions or problems? If it’s not, look elsewhere. A crypto OTC trading services provider that can’t be counted on to resolve your queries can’t be trusted for handling your funds as well.
- Once you selling your crypto position can you funds be easily wire out without extensive KYC or excuses.
- How long have they been in business? Don’t work with a service provider with less than five years of experience under their belt.
By taking these factors into account, you will be able to make a more informed decision when choosing your crypto OTC trading services provider.
If you are planning on buying or selling large quantities of Bitcoin (BTC) at once, you probably do not want your trading to be at the mercy of a traditional exchange. You want a trading route that protects you from the slippages as well as the risks of hacking and theft that come with conventional cryptocurrency exchanges.
Can over-the-counter (OTC) trading be that route for you?
Although a good majority of crypto market observers tend to swear by traditional (on-exchange) volumes as the key metric by which to measure Bitcoin trading activity, the over-the-counter market is an even larger underbelly that often goes unnoticed by anyone but those involved in it.
The term “OTC” is not unique to the realm of cryptocurrency. It exists in the world of traditional finance as well, and simply refers to a method where trading is done outside the periphery of the public eye, without the supervision of an exchange. In plain English, Crypto OTC trading is a service available to large-scale traders (high net-worth individuals or institutional traders) who want to get a faster settlement of large trades and quicker access to their funds than exchange-based transactions.
What’s the takeaway for you?
If you are a trader who wants to execute large orders of BTC quickly, conveniently, and privately, going OTC by using a trusted broker might be your safest bet. OTC Bitcoin trading offers you quicker trading times, ideal liquidity, price protection and anonymity, making this the absolute best option for buying and selling large quantities of cryptocurrency.
A high-risk merchant account can sometimes sound too intimidating.If your business gets certified as high-risk, you will be denied from availing normal merchant account services. Now, high-risk doesn’t necessarily mean your business process or model is risky, sometimes your merchant account can fall into a high-risk category if your volume or average transaction total is high. However, here are a few ways to help your merchant account stay protected from becoming high risk.
Good account history-Maintaining a well-established business with a long credit card processing history is one of the most effective ways to prevent your merchant account from becoming high-risk. Maintaining a strong credit rating and keeping off the TMF list ensures that your account won’t become high risk and is also helpful as all reputed offshore banks are ready to provide you their services.
Secure processing-Use a strong and reliable payment service providers for your online transactions. Having a reputed service provider to process your transactions reduces much of such risks. Secure processing is a very vital tool to protect your account from becoming high-risk merchant account.
Picking the right one-Picking up the right service provider is one of the easiest and trusted ways to prevent a merchant account from becoming high-risk. A reliable merchant account service provider will advise you what to choose and what not to do, so that, your business doesn’t fall into the high-risk category.
Lastly, although there are high-risk ACH merchant accounts and ACH processing services available for high-risk businesses, if there is a chance, then it is better to prevent your merchant account from becoming high-risk rather than suffering from it.
When you are looking for ways to run an online business, take credit card payments and manage your money, an offshore merchant account is the best way to do so. Offshore merchant accounts offer an easy and reliable way to process low and high-risk businesses alike. Offshore merchant services such as credit card processing prove to be very beneficial if you have a high risk of chargeback.
Apart from this, offshore merchant accounts have numerous advantages. Offshore merchant solutions can include onshore e-checks bank transfers, credit card processing help you in increasing your consumer coverage and eventually, drive in more traffic for your business.
Also, being able to accept multiple currencies is a huge advantage while dealing with consumers from across the globe. This helps you in evolving your e-commerce business. Offshore merchant accounts set up in a particular jurisdiction that is targeted by your online business can prove to be exceptionally convenient.
Also, unlike domestic accounts, you have thousands of offshore banks available to choose according to your specific requirements. With thousands of worldwide offshore banks, you just need a thorough research and you are guaranteed to get the best deal that perfectly suits your requirements.
However, there are many people who think domestic merchant account are better but, on contrary to this, offshore merchant accounts integrate all the advantages of a domestic merchant account and being offshore they offer even more advantages. Offshore merchant accounts are practical and easy to acquire and are also great in terms of availability which is making them quite popular anda perfect choice for a new and experienced merchant alike.
Competing with larger businesses with greater resources is one of the biggest challenges often faced by small businesses. And, accepting credit cards is one of the proven and tested methods to level the competition and increase the sales. According to Federal Reserve, around 70-80 percent of consumers have at least one credit card. So, for small business which doesn’t plan to remain small for a long time, accepting credit card payments is a vital tool to grow. Since every small and big business leave no stone unturned to offer the superior customer service expanding their payment option to include the debit and credit card processing is a no brainer.
Apart from this, accepting credit cards payments not only provides an ease for consumers but is also beneficial for merchants. Credit card transactions save a lot of time and foster shorter transactions. Shorter transaction times means as a merchant you can serve more customers more efficiently. And, at the end of the day, you can send all your transactions in one batch to your credit card processor for electronic settlement. Credit card processing with a reputable merchant services provider is a very secure operation. Merchants who accept credit cards also usually see an increase in their sales and profit. The reason behind this is simple – credit card shoppers tend to spend more than shoppers who pay with cash or a check.
On a closing note, today’s merchant processing services such as credit card processing is fast, convenient and secure. For a small business, being able to accept credit cards is the smart way to go and grow. The only thing you require as a merchant is a reliable merchant processing service provider that offers you services to meet all your requirements.
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High-risk credit card processing refers to merchant accounts that the financial institutions and bank prefer not to do business with. It can relate to poor credit on the part of the merchant or it can be attributed to different business areas for which the financial institutions do not want to participate with.
There is no standard set for rating a business or a company at high risk. Each individual processor has their own way of considering the term “risk” for various types of businesses. Businesses with poor credit may be turned down by one institution, though they can be welcomed by another financial institution. Another good reason why a merchant could be turned away is that of increased risk of fraudulent charges. Good examples of businesses that are high-risk credit card processing firms include nutraceutical sites, dating sites, credit repair, multi-level marketing and mortgage modifications.
High-risk credit card processing can seem like a great obstacle in your business venture. But there are professional companies that can help you get started. There are many companies that help businesses who are at increased risk. They have a team of professionals who have vast knowledge and experience in this field. So you can get the necessary help required for your business venture.
No matter what you might have heard, it is completely safe and secure to set up an offshore corporate account to enjoy the benefits of laws that protect your assets and reduce your tax burden. Driven by worldwide trade and investment, and associated by technology, globalization is quickly creating opportunities for businesses structured offshore. The traditional barriers are gone today. The best market for you could be one you have not thought about yet. With a global mindset and with an offshore corporate account, you will spot new opportunities and grow your business exponentially. Globalization also gives you an edge over the competition.
It is quick and easy to set up offshore corporate account because many countries in need of foreign capital and investments have fashioned laws that make their local business climate attractive and congenial in one way or the other, especially for those who want to invest offshore. Some of the favorite offshore destinations for foreign investors include Seychelles, Belize, Cyprus, Ireland, Hong Kong, New Zealand, Singapore, Panama, The United States of America and The United Kingdom.
So if you have planning to start your business or idea, start now. Get in touch with an expert who can help you in setting up offshore company and account, and help you with high risk credit card processing if required.
The main attractions and benefits of IBC formation have catapulted the number of investors investing in offshore locations. Today the investors are attracted because of the lucrative financial benefits like currency diversification, asset protection, better wealth management and enhanced privacy protection. The offshore jurisdictions provide two types of business, one is IBC and other is LLC. Opening any of these companies can be a daunting task. So taking the assistance of an offshore IBC service can be a great help.
IBC is an acronym for International Business Company or International Business Corporation. It is a specific form of offshore company. The features of an IBC differ by jurisdiction but they generally consist of exemption from local corporate taxation, protection of the confidentiality of the IBC owner, flexible administration arrangements and more. When you hire a consultant for offering offshore IBC service, you will come to know in further details all the benefits of opening an IBC.
An IBC consultant will help you right from the start to finish. You will be assured the process of your IBC formation will take place in a modernized way. There are few rules to follow while opening an IBC. They will look into every aspect to make the process easy, simple and quick. You will get all the support you need from them. They will also help you if you want any information related to high risk merchant accounts.
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Gone are the days when business owners had to wait for their customers to mail check, and then go to the bank to deposit the check and then wait for its clearing. Today smart owners of high risk ACH merchant accounts consider an ACH eCheck payment solutions as there are many benefits associated with these solutions.
ACH eCheck payment solutions cost less than accepting credit cards. This can result in significant savings. They will protect and safeguard your revenue system. One main benefit of ACH eCheck payment is it helps in increasing customer base. It is a good option for making payments for those who do not have a credit card and have a bank account to make the payment.
You should choose user-friendly ACH eCheck payment solutions for your high risk ACH merchant accounts . You should choose one that provides a user-friendly virtual terminal and allows easy integration into your shopping cart or check-out page. The solution you choose should process and clear all customer checks through their own clearing house so that your banking relationships stay in place. When you choose this solution, you will avoid bank scrutiny, bank account closure, overdrafts and bounced checks.
You should choose a professional service provider if you want to consider ACH eCheck payment for your business. Make sure your service provider has a good understanding of high risk ACH merchant accounts and merchant processing service.
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