Monday, January 15, 2007

Offshore Merchant Account for High Risk

Business America works with several acquirers providing Offshore Merchant Accounts in Europe, the Caribbean, Canada, and Asia. Offshore Merchant Account set-up takes longer because V/MC regulations prohibit cross-border acquiring without a legal presence in the same jurisdiction as the underwriting bank. This means that in order to get an MID issued the merchant must form an offshore corporation in the same country as the bank. The merchant must first apply for the offshore merchant account and get an approval with a processing agreement with rates, reserves, etc. And then form an offshore corporation. Offshore Merchant Accounts have higher transaction costs and reserves, but allow more business types and unlimited sales volume.

1 Comments:

At February 26, 2013 at 8:34:00 AM EST , Blogger seo.gopinath said...

High Risk Merchant Service ,Approved High Risk Merchant Accounts. High Risk Accounts are always required with the following categories. Online casinos and other gaming/ gambling High Risk Payment Gateway

 

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