Singapore Merchant Accounts

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Singapore Merchant Accounts

Singapore is a quickly emerging market and is ranked as the one of the freest economies on earth, second only to its neighbors in Hong Kong. Singapore currently is able to offer many exciting incentives for high and low risk merchants who are interested in opening a merchant account there. Singapore is regarded as one of the least corrupt markets in the world and is perhaps the friendliest place in Asia to open an offshore merchant account. Companies operating businesses in high risk industries that are looking for a viable merchant account have very few options in the U.S. for credit card processing and other payment solutions. Banks are unwilling to do business with high risk merchants for reasons that will change depending on the jurisdiction a business is headquartered in. Some of the reasons banks decide to designate a company as ‘high risk’ include, but are not limited to:

  • Volume
  • Risk of Chargeback
  • Type of Business
  • Risk of Fraud

Singapore merchant accounts have become more and more popular because Singapore banks can accept high risk merchant accounts which can provide beneficial tax structures while allowing high risk businesses to expand their market coverage. Multiple factors can contribute to a business being considered to be a high risk merchant that can adversely affect its ability to acquire a high risk merchant account. MNBS Payment Solutions supports a wide array of low and high- risk merchant industries in Singapore and all over Asia including but not limited to:

  1. Mobile Apps
  2. Tech Support
  3. Telemarketing
  4. Ticket Agencies
  5. Travel Agencies
  6. Travel Services and Packages
  7. Online Poker
  8. Adult Content and Products
  9. Antique Collectibles
  10. Apparel

Singapore merchant accounts have very distinct advantages mainly because they provide access to the rapidly expanding Asian market. MNBS Payment Solutions is able to provide merchant accounts in Singapore along with additional offshore credit card processing options in Singapore, China and all over Asia.

Please contact MNBS Payment Solutions for more information



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