What are the things required to apply for an Offshore merchant account

1. Introduction to Offshore Merchant Account

2. An Offshore Merchant Account is a type of Merchant Account available for merchants with online business in a non- resident country. Payment processing option is available to the e- merchant through their business websites along with other transaction processes. A typical misconception is an offshore merchant account is always high-risk which is not the case. Be that as it may, merchants who look for offshore processing generally do it due to the fact that offshore acquirers are much more permissive with regards to issuing offshore merchant accounts and the sort of products and services that can be sold, because of moderate laws and requirements on the merchant. This is one of the best advantage of obtaining an offshore merchant account. Also, you may likewise be liable to stricter banking secrecy with an offshore bank than otherwise.

3. An Offshore Merchant account is a type of bank account for e-merchants established in a non-resident country. It allows the merchant to process payments through their website and allows other transaction processes. The online business owner is able to own a payment processing merchant account in a non-resident country. This offshore bank account that can be handled from such offshore nations is called Offshore merchant account. But, offshore merchant account is not just of high risk business, but it can also be used in low risk business. A business merchant opts for offshore account in the countries he/she is unable to set up a business in that country. Mostly high risk businesses select going offshore as it allows business with high chargebacks, bad credit and fraud history. Why choose IBS for opening offshore merchant account? (Features) Opting for a good offshore merchant account service provider, from the available wide range of service providers is not easy.

4. With International Bank Services (IBS), it does not actually matter the size of your business, we provide our best services right from small scale businesses to largescale businesses. Our headquarters from the UK come in handy to each of your unique businesses as they will provide you with an Offshore Merchant Account modified according to the requirement of your business with the best of customer services. Following are some of the key benefits a merchant can gain if they select International Bank Services (IBS) to be their Offshore Merchant Account Service Provider. a) IBS has a high rate of approval for different types of high risk merchant accounts. Hence, the possibility of approval on your offshore merchant account is high. b) We offer a quick process of approval to this offshore merchant accounts. c) Approved Offshore Merchant accounts for businesses with bad and no credit history. d) No transaction volume cap or credit card processing.

5. e) The tax liability is low in this offshore accounts. f) Generation of new revenues and entering new foreign markets is possible for business owners with the help of offshore merchant accounts. Make sales in new international markets and expand your online business by obtaining an offshore merchant account with International Bank Services (IBS). Why do I Need Offshore Merchant Account? What are the advantages of Offshore Merchant Account? If you are a online business merchant than having a offshore merchant account for your online business is highly beneficial to increase the profits and customer base for your business. The following advantages of an offshore merchant account will tell you perfectly why you need it for your online business. 1) You will have an endless range of banks across borders to choose from for your offshore merchant account.

6. 2) Application process for an offshore merchant account is very much hassle free unlike the other application processes. Because the banking policies are less strict the process gets shortened. 3) Offshore Merchant Accounts increases the possibility of multi-currency transactions increases and this leads to increase in customer base. 4) Offshore Merchant Account offers secure credit card processing. 5) You receive real time updates through mail or message about the transactions taking place in your accounts. 6) Business gets expanded on a global level. The offshore merchant account helps in increasing the revenue of your business across borders by increasing the customer base all over the world. 7) Having an offshore merchant account reduces to the amount of taxes because of the different tax regulations in different countries. 8) Offshore credit card processing. 9) No Transaction volume cap lead to increase in high business profits.

7. What are the things required to apply for an Offshore merchant account? How to Apply? As you think of opting for offshore merchant account, it is necessary that you take a look at the bank policies of the country and bank you are selecting to have an offshore from. After you fill up the online form available on the website, here are some of the documents required to open an offshore merchant account. a) Notarized copies of each signatory's passport. b) Original bank reference letter (or) 1 original bank reference letter and 1 original character reference. c) Letter (attorney or accountant) (must be in English). d) A copy of a utility bill confirming place of residence. e) Original Bank Application Forms. f) Certified corporate documents. Our 24/7 customer service is always there for you to have the best of deals and help possible.

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