An offshore payment gateway means that your acquiring bank or offshore payment processor is in some other region outside the region of your business headquarter locations. For example, when a US-based merchant chooses to open up the payment processing account in Europe, the European would be offshore for the US business.
Offshore services are similar to the International Payment Gateways. One of the differences between offshore and International services is that offshore is considered a high-risk business. International gateway is by both the standard and high-risk merchants. Are you looking to take the benefits of the globalized market and make their business presence globally?
An offshore account will allow you to have multiple currencies for your business. The offshore payment gateway offers a cost-effective payment solution to the merchant having an online business. Business owners have the flexibility to accept online payments in multiple currencies. The offshore account enables you to the various type of credit cards along with some of the major credit card association companies such as Visa, MasterCard, and American Express. EskayPay providing the best Offshore Payment Gateway services to the merchant in the UK So that merchants can have the flexibility with having flexible payment solutions for their business.
Why is Payment Gateway Offshore essential for the business?
High-Risk merchants often choose offshore merchant account due to some of the primary reasons. So as industry type, processing volumes, tax considerations, diversification, and targeted market.
There are some high-risk merchants such as Forex trading platforms, online gambling, adult entertainment, nutraceuticals. These merchants often choose offshore services due to the product or services. One of the other reasons is the high-risk merchants find more liberty with the underwriting and jurisdiction when it comes to offshore services.
Offshore services ensure that you have a high volume processing capacity. Offshore services and it is highly beneficial for businesses for higher growth in that business.
Some businesses the offshore payment services for tax purposes or for taking the benefits offered in other countries as better incentives. While others often opt for it for the of different regulations in different regions. Need to check with your business if it is an offshore solution for your business.
Getting the offshore benefits from the merchant account service provider also includes the benefits from the diversification of the acquiring banks. The globe has different political or cultural standards, which may have more or less favorable to certain products or services than others. Getting the services from acquiring banks can help mitigate processing risk while protecting business operations.
With Offshore credit card processing, the merchant will have the benefit of targeted markets. Card acceptances are usually higher when your acquiring bank is in the same region as the buyer.
High-risk merchants approaching offshore payments do have the flexibility with the processing payments.
To apply for an account, the bank requires a processing history of $50,000 per month.
Best Offshore Payment Gateway Providers in the UK
High-Risk merchants are offering high-risk product services need to consider the best offshore service in the UK. Let’s get to know some of the top PSPs that help you get an offshore business account. Here is the list of some of the tops payment service providers in the UK.
Square: Square is one of the leading payment providers providing payments through the phone using POS software.
EskayPay: EskayPay is one of the high-risk merchant account service providers. Merchants with a range of payment processing options that includes credit card processing, Payment gateway, e-comm. Credit card processing services and other benefits to the merchant.
SagePay: SagePay offers a range of merchant account services such as online payments, face-to-face, phone, and invoice payment solutions. They are ensuring the in more than 25 currencies.
PayPoint: PayPoint is one of the in-house payment providers known for how you pay the prepaid utilities in the UK. They also include other payment options such as online, in-store, on the phone, and terminal-based payments.
Streamline: Streamline deals in providing the merchant with the flexibility with the payment option that includes card machines, over the phone, or online. They are also assisting the customer with 24*7 customer support services.
You are a high-risk business looking for growth in the customer database, global payments, multiple currencies, and other benefits. You need to look for PSPs that can help you with offshore services.
What did our client say about our services?
“I’m glad that I got to work with EskayPay. It was my first time to form an offshore corporation handled it pretty.
“EskayPay managed to set up the offshore merchant account before the expected deadline. I liked they keep you informed at every step from the time they are involved with your business. All my concerns were address before proceeding to the actual setup of my account. Very helpful and informative.”