Merchant accounts are fast becoming a necessity for many businesses. They are particularly gaining a lot of momentum in web-based businesses because an online merchant will need a merchant account to facilitate the process of payments. With these accounts, you get the ability to accept a wide range of payments from your customers, such as credit cards, third party payments, electronic checks and other types of online payment. They give you the ability to secure online payments, attract a broader client base and enhance international business growth.
A lot of businesses are opening merchant accounts offshore as they offer a number of benefits. With an offshore merchant account, you can accept payments from many countries and in multiple currencies. This opens your business in any part of the world, and the money making possibilities are vast. You get an advantage to keep more of your money as the tax rate will be low or nonexistent. No more you have to worry about transaction volume caps. The offshore banks do not put a cap on how many deals you can process per month, giving you the liberty to earn as much as possible from your business.
You can open a merchant account in an offshore jurisdiction with much ease if you are assisted by a professional company working in this area. They have vast knowledge about various types of merchant accounts including high risk ACH merchant accounts .
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Many individuals think of setting up an offshore company as it helps in minimizing taxes and increasing confidentiality. Although these are the major benefits that come to mind but the opportunity to considerably reduce business overheads is also a very attractive additional benefit.
The process of setting up an offshore company is relatively fast and simple and it requires lower set up and maintenance costs. Also, the registration of an offshore company requires minimal capital, usually less than what is required for an onshore registration. In fact, there are jurisdictions where no capital is needed for registration. Even the legal obligations of any directors of an offshore company are often much less. The need of accounting, staff members or a physical office can be overcome with virtual office services. This saves both money and time. For individuals with an interest in international business, setting up an offshore company can be valuable as a vehicle for holding assets, for example as intellectual property or investments in real estate.
Take help of a professional service provider that holds expertise in helping businesses understand the process of setting offshore companies and offshore credit card processing. You should make sure the service provider has a team of experienced and long-established international advisors to help you at every stage of your offshore company formation.
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If your business is classified as high risk, you need not be alarmed as you are still able to operate as normal with a little bit of planning. There are many service providers helping businesses deal with merchant accounts offshore, and high risk ACH merchant accounts. They will guide you to use an ACH service to process payments from your customers.
An ACH service helps you accept checks online for your business. It is a fantastic way to eliminate the risk of chargebacks and customer disputes. You can take checks over the phone as well as on your website. These payments withdraw funds from your customer’s account directly within 24 to 48 hours. With the help of ACH services, high risk owners can process high volume check transactions and high monthly volumes with an ACH check processing account.
If you are unable to get a merchant account because your business is considered high risk, then it’s time to consider check processing services. Hire a professional service provider to help you with the entire process.
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Deciding where to incorporate an offshore corporation with a number of offshore jurisdiction and various company types can be really a tough decision. Each offshore jurisdiction along with its various company types carries a unique set of benefits and advantages. Setting up an offshore company needs an in-depth knowledge of several aspects such as jurisdictions, merchant processing services, types of a merchant account, etc.
An offshore company is a company registered outside one’s home country with the purpose of operating outside the country or to manage wealth and fund or asset protections. Like other businesses offshore businesses too may enter into contracts, open bank accounts, buy and sell products and services. A typical offshore company also known as an IBC (International Business Company) delivers you a number of benefits while practicing your business but also require carrying on business outside their home jurisdiction.
Now, here are some of the factors which can help you choose the best offshore jurisdiction depending on your business needs.
- Incorporation costs
- Privacy laws
- Currency control regulations
- Types of company formation
- Merchant processing services
- Proximity to offshore banking
These are some of the most important aspects which need to be considered while setting up an offshore company. There are a number of jurisdictions which offer a wide range of offshore company formations with complete merchant processing services be it high risk or low risk. Each jurisdiction has its own set of benefits, banking laws, and advantages.
Lastly, the best way to move your business offshore would be to take assistance from an offshore service provider. A competent and trusted service provider will provide you complete knowledge and will also assist you throughout the entire process.
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If you are looking for a legal protection of your assets and identity then no other jurisdiction would be the best choice other than Panama. Panama IBC can provide legal protection of assets and identity. It offers some of the strictest banking and financial secrecy laws available across the world. A Panama IBC is an ideal jurisdiction for merchants and businessman to operate an offshore corporation.
Panama IBC uses what we consider being some of the most solid banking and corporate bank secrecy laws around the world. If you are planning to set up an offshore company in an independent offshore jurisdiction then you must consider Panama offshore jurisdiction. Panama incorporation can be set up for international trades, to settle trusts or foundations, to hold ownership of real estate, intellectual property or to hold any other type of asset. It can be used by any individual from any part of the world interested in global asset protection, privacy, investment diversification, and affordability.
Setting up Panama IBC
To set up Panama IBC, you need to follow certain steps:
- Draft a Panama IBC article of incorporation
- Tailor-made corporate kit with stock certificates, corporate seal and some other legal documents
- Resident registered agent
- Physical address for office
- Nominee corporate services
- General power of attorney
- Original as well as certified English translated documents
- Other necessary documents
Offshore jurisdiction Panama has absolutely no exchange control or currency restrictions. It is the host of world’s largest banking centers and offers a number of relaxed and flexible banking laws which make it easier to move funds in and out of Panama.
Why set up Panama IBC
- Inexpensive annual support
- No minimum paid capital required
- No foreign exchange control
- Anyone can become a shareholder
- No time limit in which authorized capital must be fully paid
Panama offshore jurisdiction also offers one of the most useful asset protection and estate planning vehicle – the Panama Private Interest Foundation.
Setting up Panama Corporation is simple, quick and cost-effective and usually takes 4-6 days. With Panama Corporation, you can open an offshore bank account as well as brokerage account to trade stocks, bonds, commodities, and much more. You can give your Panama Corporation any name in any language along with a legal ending such as Incorporated, Corporation, Inc, etc.
The best option is to get assistance from an offshore service provider and have a complete in-depth knowledge and understanding about Panama offshore jurisdiction. These service providers can also help you in easy and hassle-free set up of your Panama IBC.
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Offshore merchant accounts prove to be a great way when you are looking for options to manage your money and take credit card payments. These offshore merchant accounts offer you a reliable and secure way to process high-risk and low-risk merchant accounts alike with suitable offshore merchant account processing services.
Similar to traditional merchant accounts, these offshore merchant accounts are located outside one’s home country. The main motto of these accounts is to provide an easy, reliable and secure payment processing for high-risk and low-risk businesses. These merchant accounts are specially set up to hold funds raised through credit card and debit card processing. If your business is associated to web design/hosting, online dating, e-cigarettes, Forex trading, nutraceuticals, etc, then there is no alternative to offshore merchant accounts.
Now, if you are considering opening an offshore merchant account, then firstly, you should know in which category your business falls. Depending upon the chances of risks, offshore merchant accounts are widely classified into two categories – high-risk merchant account and low-risk merchant account. And, accordingly you are provided with the processing services i.e. high-risk merchant processing services or low-risk merchant services.
These risks are assessed by the service providers based on several aspects such as a type of business, credit history, business model, etc. However, obtaining offshore merchant account processing services can be considerably easier as offshore banks and jurisdictions have fewer restrictions and flexible banking laws.
On a closing note, the only thing you require is a complete understanding of merchant accounts, processing services, and jurisdictions.
The tremendous increase in the global foreign currency exchange markets has triggered the interests of traders and investors alike. With the ample currencies available and trade volumes touching trillions of dollars, forex market offers an easy way to take benefits of inherent leverage and volatility and make a recognizable return. Due to this many traders and investors have already started up opening forex accounts in various jurisdictions.
A forex account is basically an account that is used to hold and trade foreign currencies. This type of account is set up with a purpose of making the profit from fluctuations in currency values. Opening a forex account is very similar to opening a bank account. A minimum deposit and an ID are the prerequisites for setting up a forex account. The first step required in opening an offshore forex account is selecting a broker, which can be easily accessed from numerous sites and companies providing assistance in setting up an offshore bank account or offshore formations. However, the fees and commissions, minimum balance required to operate the account, efficiencies of the service providers are some of the points to keep in mind while selecting the broker or consultant company. Along with this, the documentation required these days are also quite straightforward with minor variations depending upon the selected jurisdiction. It takes few days to open up the forex account and you also need to fill up a questionnaire about your intention due to financial regulations.
Forex leverage is a standard for most forex trading accounts. It delivers you to the ability to make trades on open forex market by using only a fraction of the actual trade amount. But it also has its upside and downside and needs to be handled very carefully. The upside of forex accounts or forex leverage is that you can make trades that are larger than the amount in your account and on the other hand you can also easily lose a large amount if you don’t trade carefully. So, forex trading is an interesting venture if not taken lightly. You need to manage and calculate your risks and check your emotions.
On a closing note, you should be very much careful while selecting a jurisdiction to set up an offshore bank account and opening up an offshore forex account and while using the leverage. The main reason brokers offer forex leverage is because it increases the bottom line of brokers irrespective of win or loss of the trade. There is majority of traders who have failed just because of these facts and standards.
Forex trading is nothing but a way to quickly get rich if monitored effectively. So, take your time, trade at a slow and steady rate and taste the success.
The hardest part of setting up an offshore merchant account is to find the acquiring bank. It is very much difficult for a small business owner to find a bank that can handle all their credit card transactions and processing.
An offshore merchant account is similar to traditional merchant accounts but is set up with a bank outside your residential country. These offer varieties of payment processing options available to merchants whose business falls in high-risk categories. These offshore merchant accounts are perfect for high-risk industries including nutraceuticals, online dating, financial services, e-cigarettes and other such businesses.
There are a number of merchant account service providers who offer a wide range of real-time and powerful offshore credit card processing solutions to high-risk business merchants and traders. These services generally include setting up merchant accounts and acquiring favorable processing solutions through relevant acquiring banks. In addition to this, these also provide credit and debit card payment, e-commerce solutions, payment gateways, fraud protection, and many others to high-risk merchants. This enables online merchants to process in multiple currencies and supports several credit cards.
So choose a reliable and efficient merchant account service provider from the bunch of them available on the Internet today and increase your sales and boost up your profit with their services. Although, these offshore merchant account services are a better solution for businesses without any other viable option but these carry a fair amount of risk too with them. So ensure you have a complete depth of knowledge and understanding about offshore credit card processing services to make your business a success story.
Many e-commerce merchants encounter difficulties while trying to find good credit card processing services. With a number of e-commerce industries generalized as “high risk”, many reputed banks are more unlikely to offer merchant accounts to diligent low-risk merchants. This problem regarding high-risk merchant processing can be easily solved by setting up an offshore merchant account.
Similar to traditional merchant accounts, offshore merchant accounts are set up with a bank outside your residential country. Although you are not allowed to practice your business in the same country however the offshore merchant accounts are perfect for high-risk industries. By establishing an offshore company, you can find a bank that will be more willing to associate with you and your business.
Accepting credit card payments via your website plays a key role in attracting new customers and making checkout process much easier. However, the problem doesn’t end here, the merchant account processing sector is very wide and confusing, with a number of merchant account providers, banks and jurisdictions offering a number of solutions, it can be very tricky to understand which bank, jurisdiction or provider to choose from, that can fulfill all your business needs.
If you are an e-commerce merchant in high-risk industries such as online gaming, gambling, Online pharmacy, tech support, multi-level-marketing, Nutra and other businesses, offshore merchant accounts can be the right choice for you. But do remember to select a reliable merchant account provider and the bank that can deliver you all the requirements according to your business needs.
For a merchant who is conducting an online offshore business, it is essential to have a bank that can process ACH transactions. ACH processing facilitates allow your company to accept check payment transactions in real time. ACH check processing can help in increasing the sales by up to 20% and thus triggers growth of your sales at a faster rate.
Banks or financial institutions in various jurisdictions classify ACH merchant accounts mainly in two categories based on the risk profile. First is the normal account in which merchant directly accesses the card ensuring that he is a legitimate customer. The risk involved in it is very low or minimal. The other is high-risk ACH merchant account in which it is not possible to visually testify the customer. These accounts include adult entertainment merchants, replica merchants, online tobacco merchants, and simply any transaction in which the customer is physically not present. Thereby, these accounts are classified as “high risk” ACH accounts and it is highly recommended to consult a company that specializes in this. All banks have strict guidelines when it comes for high-risk merchant accounts and are even much harder in adult oriented merchants.
Lastly, ACH is a very popular payment method for online pharmacies and payday loans companies.