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Offshore Merchants Can Help You Boost
Business
Cashless sales are experiencing massive
growth brought about mainly thru
electronic commerce. Behind the web
pages and the internet servers that dish
out web content are the merchant
accounts that make it possible for
anyone to buy anything online. Buying
anything online is already beyond the
traditional model of the grocery or the
neighborhood store. Of course you might
have heard of adult content, or escort
services, or weight reduction pills, or
budget airline tickets being peddled on
the internet and all for the taking as
soon as the credit card transaction is
approved.
Well, not everything is rosy though.
Increasing instances of fraud and
chargeback will make your domestic bank
hesitant for each merchant account
application passing through their desks.
If you do get approved, domestic banks
charge you with high rates and limit the
volume of transactions made each month.
Merchant accounts that are offered by
domestic banks often limit sales
domestically – ironic considering the
worldwide phenomenon the internet has
become.
This is the reason why business should
look at other alternatives, like
Offshore Merchants. As registered agent
s of the Chicago based Premier Payment
Systems, Offshore Merchants is backed by
a 20 million dollar bond in 3 big US
banks as a guarantee of its financial
soundness. Offshore Merchants offers the
following benefits to its distinct brand
of merchant account.
-
Absence of any extraneous fees. No
APPLICATION, MONTHLY, ANNUAL and
TERMINATION fees
-
Low monthly charges ranging from 3
to 7 percent compared to ten
percent other banks charge
especially when your site has a high
volume of transaction
-
No credit check for all applicants
-
Accepts all types of industries –
well as long as its legal
The only requirement Offshore Merchants
ask for account holders is a ten percent
equivalent that will serve as rolling
reserve. How this typically works is
that Offshore Merchant, after the first
month of sales, will hold ten percent of
your gross. This will be returned after
your seventh month of operation. After
your second month of operation, ten
percent is held by Offshore Merchant to
be returned on the eight month of
operation. This goes on as long as your
partnership with Offshore Merchant. If
you maintain good transaction history,
the ten percent as rolling reserve is
typically reduced.
Offshore Merchants will provide the
necessary backend to make your web site
e-commerce capable. They will provide
your page with virtual terminals and
APIs that your site can connect to well
tested e-commerce solutions as well as
ACH (automated clearing house) and
credit card processing. This will
instantly transform your site into a
global seller of goods and services that
can accept sales orders 24 hours a day.
Backed by an expert team with a combined
30 years experience in the payments
industry, Offshore Merchants can provide
you assistance 24/7 worldwide either
through voice or email assistance.
Businesses applying for merchant
accounts usually take 7 to 10 days for
approval if the nature of your business
has lower transaction volumes, approval
usually happen in a day. You may submit
your application on-line or email it to
OffshoreMerchants.net |
