What are the advantages of an offshore merchant account?

Is it feasible to set up one? Your answers will truly be appreciated.
What are the advantages of an offshore merchant account?
Do you have a business in the U.S.? If so, why would you want an offshore merchant account to do any legal activity? Do you plan on running a scam or money laundering? If you need the account for currency conversion for doing business on a global basis, you may want to check out www.planetpayment.com.
Reply:The main reason anyone would choose an offshore merchant account is probably the easy approval process. For instance, if you run a high risk site (adult content, gambling, pharmaceuticals, MOTO, etc.), it is typically much harder to get a merchant account. If you do find one, they're gonna charge you incredible fees. An offshore merchant account, on the other hand, gets rid of all the hassle. You basically get the same service you would with a US merchant account -- secured payment gateway, scheduled payouts, etc, only it's easier this way.





If you need one, try emerchantpay.com
Reply:Well, offshore accounts are quite tricky, to say the least. But generally, the advantages include faster application, a wide choice of banks to transact with, you'll also enjoy the convenience of shopping carts, since you'll be accepting credit card payments over the internet, and, yes, tax reduction opportunities. You may also want to get the services of an merchant account provider who'll coordinate with foreign banks.





Hope this answered your inquiry.