Frequently Asked Questions Relating to Offshore Payment Processing
Q. How can I open an offshore credit card merchant account?
A. MNBS Payment Solutions will provide the necessary documents, applications, and requirements for each offshore merchant solution.
Q. What kind of merchants can set up an offshore credit card merchant account?
A. Any legal business can setup an offshore credit card merchant account. The most common types are for ‘high risk’, high volume, and international e-commerce businesses.
Q. Does the merchant need a local office to have an offshore merchant account?
A. In most cases, businesses do not need a local domicile address.
Q. What are the rates for opening an offshore credit card merchant account?
A. Each sponsor bank will have its own rate. Please review our offshore rates page for more information or call MNBS Payment Solutions for a detailed rate quote.
Q. Which currencies are normally processed by merchant account processors?
A. MNBS Payment Solutions accepts over 140 currencies worldwide.
Q. What types of credit and debit cards are accepted by merchant account processors?
A. All major types of credit and debit cards are accepted, along with local alternative payment options such as ACH, SEPA, UnionPay etc.
Please contact MNBS Payment Solutions to go over free offshore credit card processing options specifically designed for your business.