CHEAP OFFSHORE MERCHANT ACCOUNT
A merchant account
enables a business to accept payments
through the credit card. For the
customers this is a convenient method to
pay for what they have bought. And since
it works on the principle of “Buy Now,
Pay Later”, credit cards are here to
stay. Therefore, if your business does
not have the facility to accept payments
through credit cards then, most likely
it will loose its customers to its
competitors who have the facility.
In general, obtaining the
merchant account would require a huge
initial investment of above $600. But
there is an alternative solution if you
are the owner of a start – up business
which does not have this kind of
capital. You can obtain a “Cheap
Merchant Account” as an alternative
solution. These kinds of accounts
require less initial investments and
also low payment. “Cheap Merchant
accounts” are the greatest boon to home
based and small business owners and is
also used by 1st time
merchants for their online business.
With the “Cheap Merchant
Account”, you have two options: one is
pay a fixed rate fee at the end of the
month when your site makes a sale or the
second option is, to make a monthly
payment that is based on the volume of
business you do. However, the catch
point is a higher transaction fee of
about 6% to 15% which is higher than the
normal accounts. Hence, these “cheap
merchant accounts” are good only in the
beginning when the volume of sales is
low and later, when your business begins
to make higher sales volume it is better
to shift to the normal merchant account.
Being a low risk account,
“Cheap Merchant Account” can be opened
with far greater ease than all other
accounts. You have to pay $50 for the
set up fees. This saves you hundreds of
dollars. Cheap merchant accounts save a
lot of money for the small scale
businesses by avoiding the need for
paper work and other verifications. For
big businessmen whose customers or
clients are mostly foreign nationals,
the multi – currency international
merchant accounts are suited best. Due
to the competition in the industry of
merchant accounts, several cheap
merchant accounts with attractive prices
are introduced in to the market every
day.
The ultimate and
important step to obtain a cheap
merchant account is to find a “Cheap
Merchant Account Provider” (MAP). These
sorts of accounts are not offered by
banks. Extensive research has to done to
find and choose a good cheap merchant
account provider. The best place to
begin your search is on the internet. Be
extremely careful in choosing the
provider. Two most important things to
look for are: firstly, the provider
should give your website good security
to protect it from frauds and secondly,
the provider should be reputable enough
to keep the information about the credit
cards of your clients safe. If you do
not do enough research and choose the
wrong provider then there are chances
that your clients’ information will be
sold out.
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.