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International Merchant Accounts

International merchant accounts are a very important part of any online business that is trying to expand globally. Many merchants are unable to expand because they are unable to accept foreign cards or they are unable to process multiple currencies, this is all possible with an international merchant account. Mostly all types of businesses are able to be approved and setup with an international merchant account. These merchants will see growth in foreign countries and in foreign currencies because of the ability to accept these payments. Merchants will also be able to expand globally from their home country without the need of opening a satellite office. The power of the internet can create worldwide appeal for your product or service. While your competitors are focusing just on one market and on one currency your company will be accepting orders from countries all over the globe.

What industries are able to be approved? Most industries are approved for an international merchant account. High risk merchant accounts however will have a much higher rate compared with a low risk account. Ecommerce businesses will be able to obtain the most competitive rates and fees for their international merchant account. Industries that will be accepted include; forex, casino, poker, nutraceuticals, replica, tobacco, mp3, penny auction, pharmacy, adult gambling, sportsbook and ecigarette. International merchant accounts are usually approved and setup within 1-2 weeks depending on the bank and payment processor.

What will I need and where can I be approved for an international merchant account? Some offshore payment processors will require your business to have an international corporation. These corporations are easily available and are inexpensive. It is best to have the corporation setup prior to applying for an international merchant account. When you begin working with the payment processor you can explain the currency you are looking to process in and they will be able to assist you.

Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.