INTERNATIONAL MERCHANT
ACCOUNT
If you are residing
anywhere outside the United States of
America then, you may face some problems
in attaining a merchant account. A real
merchant is very expensive. In such a
case you have 3 options: first is, to go
for a “Third Party Credit Card
Processing Company”, second option is,
to establish a presence of your company
in the United States or lastly, partner
with a company which deals with
multinational foreign firms.
To establish a presence
of your company in the United States,
you will have too incorporate or open a
branch of your company in any 1 of the
fifty states. Delaware and Nevada are
highly popular choices because of their
business friendly regulations and the
low fees. As a result, more than fifty
percent of the companies listed in the
Fortune 500 list are incorporated in
either Delaware or Nevada or both. One
best method for the incorporating
process is to find a firm which will
give you a mailing address along with
the mail forwarding option, a phone
number and also help you complete the
incorporation documents on behalf of
you. All this will cost you up to a
thousand dollars. You can find several
firms which offer such services on the
internet, but be careful to choose the
right firm after doing some research.
There is also another way
to go about it. You can also work with
some company which specializes in
dealing with foreign firms. This method
is highly recommended if you will be
doing very large volumes of transactions
with credit card. Among the most
reputable and best firms there for this
job is “Durango Merchant”. With this
firm you will not require a bank account
in the United States and it permits you
to accept American Express, Master Card
and Visa payments. In such a case, you
may have to pay out extra fees in case
you are not an American firm.
The primary aim or
purpose of an International merchant
account is to give your business an edge
over your competitors. In the day where
online transactions are carried out
mostly by the credit card, it is
absolutely necessary for your business
to be high competitive and maintain
momentum. One way you will be able to
achieve this goal is to cater to
international clients. If this is what
you require then an international
merchant account is the answer to all
your business needs.
An “International
Merchant Account” will empower you to
take payments from your customers in
their own currencies. Some of the
globally-recognised currencies which are
accepted by an “International Merchant
Account” include: Euro, Japanese Yen,
Venezuelan Bolivar, Indian Rupee,
Indonesian Rupiah, Kazakhstani Tenge and
U.S. Dollar, among others.
Since payments can be
made through several different
currencies, you can now sell your
services and products to a wider range
of customers spread throughout the
globe. Some of the features offered are:
payment gateway and Fraud-Detection
software, among others.
