What is an Offshore Merchant Account good for?

Jan. 18, 2013 - PRLog -- An offshore merchant account can actually reduce credit card processing expenses. Credit card payment processing fees for international cards are higher than processing fees for domestic credit cards. Payment processing fees charged by domestic acquiring banks for international transactions are expensive and negatively impact operating costs. Diversification with offshore merchant accounts is a strategic defence to protect payment processing and mitigate risk. Contingency plans are essential for all aspects of business operations. Offshore merchant accounts are an easy way to safeguard business against potential loss. An offshore merchant account is an account providing the ability to accept credit or debit card payments from customers for goods and services. An offshore merchant account establishes a relationship between credit card processor, the bank and business willing to accept the credit card payments. Unlike with regular merchant account, funds generated from sales and credit card payments are deposited with offshore bank.

The best offshore merchant account for you will depend very much on your personal circumstances and account requirements - for example whether you are looking for a bank account, tax solution or an asset protection plan. If you need advice make sure you get independent assistance and always do full due diligence before moving your assets to an offshore bank's account & MaxPayNow can give you advice on this. Unfortunately, there can only be one merchant account associated with your business. This is required by the credit card associations and works with your tax id. If you have more then one business you can definitely have separate accounts for each one.

For more information on the following subjects please visit our website at www.maxpaynow: Online Merchant Account, Internet Merchant Account, Virtual Terminal, Credit Card Machines, eCommerce Merchant Account, Merchant Accounts, Offshore Merchant Accounts or a Merchant Cash Advance Or give us a call on  0161 928 2287