Offshore Forex Merchant Account Credit Card
Most of the people might have had the
difficulty of using off shore bank
accounts. The moment you possess an off
shore bank account, people find very
much difficulty in getting the cash
withdrawn. Nobody spends time in going
to the bank and get the money withdrawn.
There are a lot of ways to overcome this
problem. The solution that is offered is
timely and effective. One can own an off
shore credit card so that purchases can
be made using the particular card. This
type of private credit cards are used to
get the funds withdrawn and get the
purchases done using the funds in the
off shore account. The off shore credit
cards are given to the customers in
various forms. Before that, let us have
a discussion regarding the actual
definition of off shore credit card.
Off shore card is a credit card which is
being issued by a bank or by a provider
of the card outside the authority of
your house. This type of credit cards
are seen by the investors as a helpful
method to get the offshore funds
accessed. In most of the cases, the
issuer of the card will be situated in a
remote area with utmost secrecy.
One can get the off shore credit card
loaded with the amount of money which is
required. The customer is not purchasing
the money from any where; he makes the
purchases using the funds that are
available in the card. This card is
called a prepaid credit card. It will
have brand names along with it like
Visa, MasterCard or Discovery. They are
recognized world wide and can be used
any where in the globe.
Off shore card is completely different
from a normal bank card or an ATM card.
This is because this card does many
things much more than other cards do.
The purchase can be made online and the
funds can be withdrawn from the ATM’s.
There will be difference in the limits
of withdrawal or purchase depending upon
the card. One can get the pre paid cards
funded individually. This does not have
any link to any off shore bank account
as in the case of off shore debit cards.
If you are a person who values privacy,
you can opt for off shore prepaid cards.
In most of all the off shore prepaid
cards, there will be the name of the
account holder. If the applicant is the
owner of a firm, he or she can get the
card in the name of the firm. There are
ultra private cards which will not carry
the name of the card holder. In these
types of cards, some of these will not
get the acceptance from certain
retailers. These types of cards will
only have a strip or a chip which is
magnetic and when they are smacked, the
retailers will not get any of your
In order to be the owner of an off shore
card, one need to have a copy of the
passport or the residence address. There
are firms which demand additional
details but one need disclose his or her
credit record to have a card. As the
card is of prepaid type, details are not
necessary. This makes the pre paid cards
more preferable. One cannot leak any
personal details from the card.
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.