Obtain an Offshore Credit Card Merchant Account for Internet Business - How Risk and Offshore Accounts Are Related
Obtain an Offshore Credit Card Merchant Account for Internet Business - When you look for offshore merchant accounts, you might find that many of the same companies that offer them also provide high-risk merchant accounts.
In reality, both offshore and high-risk merchants present more of a risk than a typical account. Doing business overseas is more complicated and demanding than simple domestic transactions, which is why offshore merchant accounts often cost more.
In fact, your business may qualify as both offshore and high-risk, depending on your merchant account service provider. If you deal primarily overseas in a business that has added risk, you may fall into that category.
Businesses like online pharmacies, which often sell to customers in a number of countries, are considered riskier than typical businesses, for example. Ask your prospective merchant account company for more information on what constitutes a high-risk business.
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