What is an Offshore Merchant Account?

Jan. 17, 2013 - PRLog -- At MaxPayNow, we welcome all types of industries including High risk and low risk businesses, as long as you are a legitimate law abiding merchant. We can work with you to build up your processing creditability and obtain a Merchant account for you. Off shore credit card processing is a solution for businesses that are considered high risk by sometimes overly conservative banks. In order to minimise the risk factor, banks and other organizations have imposed some rules and regulations in dealing with high-risk businesses. They generally use factors like how long the company was in business, credit history of the business as well as the details of other merchant accounts they have previously held.

MaxPayNow's payment processing solutions open the door to a world of payments for your customers: all cards and dozens of global and local alternative payment methods processed in the same API & in the local language of the end-user. Whether you are looking for one merchant account or multiple merchant accounts, we are certain that we can accommodate all of your processing needs. Regardless of business type or volume, we'll get your account approved quickly and keep it running smoothly without any volume caps.

There are many benefits of an offshore merchant account that are not available to a domestic or local account, including the ability to approve merchants that have been placed on the TMF (terminated merchant file) list, or have poor credit. Most offshore processors work mostly with online businesses and offer secure, affordable payment services that help these high risk merchant process payments. A great benefit of offshore processing is that merchants are able to enjoy increased profits that come with paying lower—to even no—taxes on transactions. Usual taxation rules do not apply when your merchant account is located offshore, which allows high risk merchants to take some risks in order to expand their businesses.

If your business is in the high risk merchant category and you have turned down, recently shut down or are a start up company give MaxPayNow a call on 0161 928 2287 or visit our website at www.maxpaynow.com (http:///)

We also offer a Merchant Cash Advance up to £100,000 if you have a credit card machine in place!