Offshore Merchant Accounts Basic Principals
MNBS Payment Solutions provides merchant accounts and offshore credit card processing to clients in a variety of countries around the world. MNBS has established direct bank relationships in locations which include but are not limited to:
- United States
- Europe (European Union & United Kingdom)
- Central & South America
- Offshore Island nations
An Offshore merchant account has many advantages and disadvantages which will be explored in detail below, however, one example includes:
Offshore merchant accounts allow a business to take advantage of different Visa and MasterCard regulations in each region of the globe.
MNBS Payment Solutions has DIRECT sponsor bank relationships with established and insured banks in many different parts of the world.
The estimated chargeback rate in the United States that may cause a red flag on a merchant account is roughly 1% where in Europe the estimated chargeback rate that may cause a red flag on a merchant account is roughly 2%. A business owner that has a European Merchant Account has much more room to maneuver on their chargebacks.
Merchant accounts can be advantageous for all businesses. The following e-commerce businesses possess the most advantages:
- Membership Merchant Accounts
- Continuity Merchant Accounts
- Free Trial Merchant Accounts
- Negative Option Merchant Accounts
- Recurring Billing Merchant Accounts
E-Commerce industries that benefit the most from offshore credit card processing include, but are not limited to:
MNBS Payment Solutions provides expert advising to our clients so they feel comfortable with offshore payment processing including the advantages and disadvantages.Please feel free to contact us with any questions