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Hence, the next thing that is required to run an online business is owning an offshore merchant account.
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What Are The Impacts Of Offshore Merchant Account On Your Business?
If you are an owner of an online firm or business, the very first thing that you require getting done, before your business is setup, is accepting online payments through online credit and debit card transactions. Hence, the next thing that is required to run an online business is owning an offshore merchant account. We, here at International Bank Services(IBS) try our level best to provide the best payment gateway service to our customers and with our 95% approval rate in high risk merchant account, we are now associated with many big and small online business firms.
The question might also come to your mind, that who exactly needs this offshore merchant account and what are the benefits regarding the same? So offshore merchant is necessary for all those business owners who are selling their products online across international borders. Also a domestic business owner with a desire to expand the business across borders needs an offshore merchant account.
Following are the benefits a business owner can gain by owning an offshore merchant account. 1) Offshore merchant account makes it possible for the business owner to start accepting payments in multiple currencies. 2) The rate of approved transactions increases with an offshore merchant account. 3) This in a way compliments the success rate of payments. 4) Chargeback Management. 5) Security from frauds and theft. 6) Shopping Cart Support is made available. 7) The best benefit is that, this accounts come at a very much affordable prices. While we talked about the business benefit of the offshore account, this merchant account also reduces of the high risk profile due to low credit score of the business owner.