Offshore Merchant Account and high-Risk payment processing

Offshore Merchant Account and high-Risk payment processing

Introduction

As a merchant, you know that you need high limits on your merchant account. It’s the only way to ensure that your business can afford to process large orders without having to worry about running low on funds or hitting your credit card limit. But what exactly does “high limits” mean? What sort of limits should you look for in an offshore merchant account provider? And how do you know if you should use one over another? Let's take a look at these questions and more!

Multiple Currency Processing

You can easily process multiple currencies, including USD and EUR. There are also many other options that allow you to accept transactions in multiple currencies. For example, if a customer pays in USD but their bank charges them their own currency rate (like JPY), then you can use the currency exchange feature inside your merchant account so that they pay only one fee for the transaction.

Chargeback Prevention

Chargebacks are the most common form of fraud. They occur when a customer disputes a transaction with their bank, resulting in a reversal of their original payment.

How can you prevent chargebacks? There are many factors that can cause this to happen, but one of the primary causes is if you don't have proper controls in place for PCI compliance and security.

Fraud Scrubbing

Fraud Scrubbing is a process that can help protect your business from fraudulent transactions. It’s also an important part of ensuring that your business has the best possible protection against fraud, as it identifies potentially fraudulent transactions and prevents them from being processed.

In order to identify potentially fraudulent transactions, you will need to set up fraud scrubbing for each account type (such as Visa or MasterCard) that you use for payment processing — this way, if there are any suspicious charges made on one particular card number or address, those transactions will be flagged automatically by our system and prevented from being processed further until they have been verified by us first.

Fraud Scrubbing will provide protection against any type of online fraud: card skimming and bank hacking; credit card overuse; unauthorised accesses - all these issues could lead directly to losses with no way out without having proper security measures in place!

Domestic and Offshore Merchant Accounts

A domestic merchant account is a bank account that has the ability to accept payments from customers in your country. It’s usually easier to get started with this type of account and it can be used for all types of businesses, but some banks may have restrictions on how many transactions you can process.

An offshore merchant account is similar to a domestic one, but it gives you more flexibility when it comes to processing credit cards or other high-risk payments. Offshore merchant accounts are also ideal if you don't live in the US or Europe but instead want a global presence online without having to deal with strict regulations like those put forth by Visa and MasterCard who control most online transactions today.

Payment Gateway Integration

Payment gateways are the middleman between your business and the processor. These services allow you to accept credit cards, ACH transactions and bank transfers through a single interface.

Payment gateways can help you reduce costs by allowing you to process multiple types of payments with one solution, but they also add another layer of risk because they're not always aware that they're processing high-risk transactions.

A merchant account provides higher limits to a business.

A merchant account provides higher limits to a business. The maximum amount you can receive in a single transaction is determined by the type of card and its associated fee structure, as well as your account's payment limit.

Merchant accounts are also known as e-commerce or online payment processing services. Offshore merchant accounts provide higher limits than personal credit cards because they have no monthly fees or hidden costs like foreign transaction fees and cash advance charges that can add up quickly if not avoided entirely.

Conclusion

A high-risk merchant account is a perfect solution for businesses that are looking to take their business to the next level but have little or no funding available. With this type of account, you can process more transactions per day than with most other services out there. It’s also important that you understand how these accounts work in order to keep them secure from hackers and fraudsters who would like nothing more than to steal your money or steal your identity off Amazon by using someone else’s information as theirs!