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.