Offshore Merchant Accounts
Who needs an offshore merchant account?
Offshore merchant accounts allow non-US companies, and businesses whom cannot get approved through domestic credit card processors to accept credit cards from their customers. Offshore merchant accounts are also useful for higher-risk business types, that are typically prohibited from processing through US processors.
What will an offshore merchant account do for me?
An offshore merchant account will allow you to accept credit cards from your customers. Offshore processing is typically done online through a website or by manual entry into a virtual terminal. Depending on location, it may also be possible to process by swiping customer cards through traditional credit card machine.
Why You May Need an Offshore Merchant Account Through Tritium Pay
- How do you know if your business needs an international merchant account and why is it important to make sure you have the right merchant account for your business? Not understanding the difference or the importance could have a detrimental impact on your business.
- Businesses that have eCommerce components or accept payments from international countries such as Canada, the United Kingdom, or the European Union, have to know who the right payment processors are, and what international merchant account providers who are willing to process transactions for your international business.
- Reputable companies, like Tritiumpay, are offering solutions to those businesses that need it most. These payment processors are willing to accept the liability for the increased risk associated with international payment processing. Surprisingly, most merchants who want to expand their business globally are not aware of the risks associated with accepting international payments.
Why is it Important to Have the “Right” Payment Processor for your Offshore Merchant Account?
The bank can close your international account and hold funds, even without notice. This means you have no way of selling your products or services internationally, it will stop all cash flow entirely, and the money you earned from the products or services you sold internationally could be held by the banks for months.
When you start off with the international payment processors, you increase the prolonged longevity of the account. The bank’s underwriting or due-diligence does not end after the account has been opened. There is ongoing risk monitoring that is associated with all offshore merchant accounts.
Many eCommerce companies and businesses processing international payments outside the United States have difficulty finding international merchant accounts and therefore can’t expand their presence online. Consequently, e-commerce merchants reach a plateau, and are not able to process multi-currency transactions. Without global merchant accounts, the ceiling for an eCommerce business is rather low.
- Businesses that have eCommerce components or accept payments from international countries such as Canada, the United Kingdom, or the European Union, have to know who the right payment processors are, and what international merchant account providers who are willing to process transactions for your international business.
- Reputable companies, like Tritiumpay, are offering solutions to those businesses that need it most. These payment processors are willing to accept the liability for the increased risk associated with international payment processing. Surprisingly, most merchants who want to expand their business globally are not aware of the risks associated with accepting international payments.
Don’t Miss Out on International Business
Starting out with the international merchant account betters the odds that the acquiring banks will be more lenient. Give your customers the opportunity to pay with a global merchant account in their local currency. Grow your business and achieve new markets. Many times the approval process can be quick and many companies like Tritiumpay provide free quotes for your international merchant account.
Our assortment of online, real-time payment processing options allows you as an online retailer, the opportunity to expand your company around the world to places like Canada, the United Kingdom, the European Union, Australia, Hong Kong, Singapore, and more.
Many eCommerce companies and businesses processing international payments outside the United States have difficulty finding international merchant accounts and therefore can’t expand their presence online. Consequently, e-commerce merchants reach a plateau, and are not able to process multi-currency transactions. Without global merchant accounts, the ceiling for an eCommerce business is rather low.
- Businesses that have eCommerce components or accept payments from international countries such as Canada, the United Kingdom, or the European Union, have to know who the right payment processors are, and what international merchant account providers who are willing to process transactions for your international business.
- Reputable companies, like Tritiumpay, are offering solutions to those businesses that need it most. These payment processors are willing to accept the liability for the increased risk associated with international payment processing. Surprisingly, most merchants who want to expand their business globally are not aware of the risks associated with accepting international payments.
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