Introduction
Starting a business in the UK is easy but running it with proper integration is also a very important factor to ensure success and growth.
If you are looking for an Offshore Merchant Account then you have come to the right place. This article will let you know all necessary information about Offshore Merchant Account and how Eskaypay as a Payment Service Provider will power pack your business growth.
What is an Offshore Merchant Account?
“Offshore merchant accounts are those in which the acquirer banks which will provide you with payment services are located outside the country from where the business is done”. For example, if you are doing business from the UK then your Acquirer bank will be from outside of UK.
Things get very informal if they are easy to know and convenient to run. Finding the right acquirer and opening a merchant account can be a tough task for merchants who are new to it. Too many if and buts can simply annoy you while attaining a merchant account.
Benefits of having Offshore Merchant Account
Businesses are generally of two types’ high risk and low risk. Many countries including the UK do not prefer giving payment services to some high-risk merchants due to the type of business and service they offer. But other countries might do.
This can be one of the main reasons why merchants look for Offshore Merchant Accounts. This account provides epitome access to credit origination.
The targeted area business or markets is also one of the reasons why this sort of account best suits merchants, as it reduces several operational and processing costs.
Other country acquirers or international acquirer banks sanctions transactions processing at higher volumes and it is even easier to pay local retailers, workers, and others in their native currency. In simple words, there are no volume limits on offshore merchant accounts.
There is always a big burden of charges for foreign exchange of currencies and this may even reduce your benefit percentage. So by having a Merchant account offshore you can simply skip through such charges.
High-Risk merchants feel safe and secure as far as their high-risk business like online Gambling, Casino, Forex, Selling Adult Toys, Pornography, etc., is concerned in terms of rules and regulations with the country.
There are number of other benefits of having a Merchant account offshore and progressing in terms of both the number of sales and the profits you make per sale.
Offshore Payment Gateway can also boost your offshore sales
Having an integrated offshore payment gateway along with offshore merchant account is a progressive pictogram for boosting up your sale numbers. The smart system always follows the smart path.
If your merchant account and website are integrated with the advance offshore payment gateway then this will let your customers with a large number of payment options and even faster processing of payments.
Accepting Credit cards, debit cards, Alternate payment methods like electronic cash, UPI, Mobile payment, etc. should be integrated with your payment gateway in order to cover the maximum customer’s payment requirements.
For exponential growth in your business, the payment gateway should be such it can process a higher volume of transactions without any security breach or technical glitch.
The overall combination of offshore account and the payment gateway will let you save a lot of money that is generally charged for overseas transactions and processing
Role of Credit Card Processing In Offshore Merchant Account
One of the best and granted features of having an Offshore Merchant Account is Credit Card Processing. Almost every country including UK authorizes credit cards as a mode of payment to merchants.
Merchants with businesses in other countries can increase their sale numbers by offering customers credit cards as a payment option. It is simple and easy to make a payment with it.
Offshore credit card processing can reduce the operational expense to merchants. Also, it can bypass the payment-related regulations put by various countries on payment services.
Offshore Credit Processing also comes with rapid and safe transactions without thinking much about the payment process.
Indicators of noble Offshore Merchant Account
There are several factors that indicate your Offshore Merchant account is well equipped. They are,
- Cheaper Service Rates: Some service providers just charge insane in UK. Guise whether service charge or other charges attached to your account are within your limit or not. Thoroughly check before choosing for a merchant account with high fees for services.
2. Multicurrency Processing: It is very important factor to look whether your payment gateway supports multicurrency processing. It should be quick enough to process the currencies of other countries because your customers can be from any country.
3. Security against chargebacks and other conspicuous frauds: There are peak chances of getting chargebacks when you are running an online business. It should be provided with security filters in order to detect and prevent your account.
4. Payment Gateway: This should contain the maximum number of payment options in order to avail maximum customers and also should be PCI-DSS encrypted.
5. Banking Network: Involve an extensive banking network in order to process the transaction faster and offer reoccurring billing cycles.
6. Several other factors: Quick settlement time, multichannel processing, powerful dashboard, and several other factors will service you shape online business in your own way.
How can you get your Offshore Merchant Account?
EskayPay values your business and is always available to serve you as far as Payment services or Payment Gateway in UK is concerned.
Our highly skilled and motivated engineers will let you get your offshore merchant account through the easiest and most reliable way possible. Having tremendous experience in client servicing Eskaypay let you customize your account as per your business requirement.
All you need to do is to click on the “Apply Now” or “ Contact Us ” option on our homepage and one of our executives will get back to you within 24-48hrs or even earlier to guide you regarding all documentation and application formalities. Your trust and our service will surely get you through peak success.
Tags: Global Payment Gateway, Casino Merchant Account, Payment Gateways, Gaming Merchant Account, Forex Trading Merchant Account, International Payment Gateway
High Risk Merchant Accounts 