OFFSHORE Merchant Account benefits for a business

A business owner is a true beneficiary when he signs up for a merchant account for his business. A merchant account is established by a number of businessmen around the world and this account helps the merchants in getting serious money. Moreover, there are several benefits for having one or man merchant accounts.

The advantages given to a merchant account holder is overwhelming. Firstly, when the trader posses a merchant account, he/she can accept the different customer credit cards. As a matter of fact, after obtaining a merchant account, a merchant can start accepting American Express, Discover, MasterCard and Visa from the consumers. Hence, with the increase in to number of ways to accept payments, a merchant account of the trader will bring in significant amount of business which will ultimately result in the increase of the bottom line.

Secondly, after the arrival of internet, a number of business owners now conduct their business on the internet. With a merchant account, trades can increase his sales manifold. It is also gives an enjoyable experience for the customers to make purchases as and when they will. The customers also recommend the web-based store to others. This means that a trader gets free word-of-mouth advertising, which is regarded as one among the best methods of advertising.

Thirdly, with a merchant account, a trader can make all his customers feel safe and secure while purchases are being made. The consumers are able to make secure buys from a trader’s web site. This security provided to a consumer in-turn helps in boosting sales. When a consumer feels safe while making a purchase online, it leads to them returning to the same web site for future services and merchandise.

Fourthly, with a merchant account, a trader can keep a good track of the financial transactions. When a trader opts for a merchant account, he/she receives a statement every month of all the money and transactions that have been received. These statements prove to be invaluable during tax payment. With the monthly statements, the taxes can be determined with ease. This also helps in reducing the burden of the accountant.

The process for setting up a merchant account is simple which can be completed in a few moments. In fact, a merchant account can be applied by a trader online. After a trader ahs applied for many merchant accounts, the time taken for approval is only 1 – 10 days. After approval, the merchant receives instructions and a notification on the successful implementation of the merchant account. Details on how it could be integrated into the existing business are also provided.

Finally, keeping in mind the simple process involved in applying for a merchant account and its several benefits, it is very obvious that many businesses depend on these accounts on a daily basis. With the increase of online business transactions, it is more of a necessity, than a luxury, in these times to own a merchant account I order to carry out web-based business.

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.