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Are you considering applying for an offshore merchant account? Depending on your business industry, it may be the best solution for you!
Banks and processors in the United States have many limitations that don’t always fit the needs of certain businesses. If any of the following examples describe your business, an offshore high risk merchant account may be a good fit for you.
Some examples of the kind of businesses that do well with offshore accounts are: nutraceuticals, tech support, and gambling businesses.
While rates may be higher for offshore merchants, they do not have hard caps on the monthly volume of a business. US banks and processors usually will not approve merchants who processes more than $50,000 a month, unless they have a history with that business. On the opposite end of the spectrum, offshore accounts often have volume minimums. This is because there is more to the set-up process for an offshore account and it is not worth it for a processor to approve a business that processes $20 a month, for example. Another great advantage to having an offshore account is that they are much more lenient with chargeback ratios.
Limitless specializes in matching merchants with the appropriate offshore high risk merchant account processors for their business. We can get you up and processing with an offshore processor quickly. Limitless is 100% committed to getting our customers approved, and we will work with you every step of the way.
If you are a business looking to get approved for an offshore merchant account, call us at (516) 384-6655 or use the easy apply now form on this page to get started!