The E-commerce industry has made exploring and dealing global market smoother and convenient for the merchants. It gives a platform to merchants that make it suitable for merchants to sell their products and services worldwide.
Merchants can make better deals with the help of an offshore payment gateway integration with their online store. They can easily offer their customers secure and multi-featured payment processing options to pay.
Various payment processing service providers are there in the market offering offshore merchant account service. Merchants only need to do some research and list their requirements to get the best payment processor as per their business needs.
Before proceeding further, let’s discuss offshore processing and its benefits.
What is Offshore processing?
Offshore is defined as a location outside of one’s home country. Moreover, this term is usually practiced in finance and banking, where businesses create foreign-based accounts for usage in financial transactions like collaterals or investments.
On the other hand, offshore payment processing allows merchants to accept credit, debit, and various other online payments from their customers worldwide.
To sum it up, offshore payment processing is the best way of practicing financial transactions of businesses at more favorable terms, such as addressing overseas payments and the nature of business. The body that processes offshore merchant account service is called an offshore merchant account service provider or offshore payment processor.
Benefits of offshore payment processing
Below are some benefits mentioned what an offshore payment gateway serves you:
Multi-currency payment transactions: With offshore payment processing services, merchants can accept payments in diverse currencies. In this economic growth worldwide, merchants can prevent cart abandonment ratio because customers can quickly check and buy products and services based on their preferred currency.
Security measures: Offshore payment gateway providers maintain robust security standards. Service providers employ security measures such as fraud management, address verification systems, monitoring systems, and 24*7 tech support to safeguard your businesses from fraud and chargeback.
Reduce business expenses: Offshore payment processing is an effective and cost-friendly solution for businesses to sell their products and services worldwide. Merchants can cut the processing and operational costs with an effective offshore merchant account service. Also, merchants save further expenses due to reducing foreign exchange fees and lower taxes.
Increase in profits: Having an offshore merchant account allows merchants to generate more sales and revenue. Besides acquiring banks globally, offshore payment processing lets businesses manage financial transactions whenever the customers may be. A convenient payment option supports merchants to get repeat purchases and customer retention.
Things to consider before choosing an offshore payment gateway
Look for the proven best: Merchants should look for an offshore merchant account service provider with a proven track record of success in the industry, especially when your industry falls under a high-risk industry. They also must have dedicated price support and essential tools to prevent and mitigate chargebacks.
Avoid extra charges: Avoid an offshore merchant account service provider that banks on predatory, increased fees when trading with high-risk clients, which may be deemed unnecessary, notwithstanding the high-priced nature.
Be upfront and honest: If merchants obtain offshore payment processing service, they must set things accurate with their service provider about their business nature, operations, or processes. Being either not upfront or equitable about basic business information may lead to discrepancies and business issues.
Check existing testimonials from clients: Client feedback will help you to identify how good or bad a reputation of a particular offshore payment processing service provider is. The merchant should do market research and look for all other options available before picking the right service provider for the company’s needs. Market research helps a lot in finding the right solution.
See what they can offer: Businesses should always look for an offshore payment processing service provider to provide top-notch processing service. More than just enticing businesses into signing a deal with them, an offshore merchant account service provider must know how to take care of their clients by continuously offering superior services like 24*7 tech support, troubleshooting, and maintenance.
EskayPay the right solution to get offshore payment processing service
EskayPay is in the industry for a long time offering high-risk payment processing services to high-risk merchants. It provides an offshore payment gateway to the merchants to manage their global financial transactions. Also, we serve merchants an offshore merchant account.
Benefits of an offshore payment solution:
- Multiple payment methods
- Multi-currency payment processing
- Credit card processing
- Multi-channel payment processing
- PCI-DSS Level 1 Compliance
- SSL encryption to secure your sensitive payment information
- Fraud protection tools
- Chargeback management and mitigation tools
- 24*7 reliable customer support
Contact us
Merchant looking to explore global market offshore merchant account is the perfect solution. EskayPay offers a comprehensive payment processing solution to manage their international transactions flawlessly.
To learn more about our services and Offshore payment gateway, connect with eskaypay.com by filling an online form.
High Risk Merchant Accounts 