South Korea Merchant Accounts
Seoul, South Korea is the second largest capital city in the world with well over 25 million residents. South Korea is one of the fastest growing countries on earth with a growing population of over a billion people. The potential for businesses there is huge and South Korea ranks among the highest for accessibility of banking services and ease of doing business. It can be extremely difficult if not altogether impossible for companies operating businesses in high risk industries to find a merchant account for credit card processing and other payment solutions in the U.S. South Korean merchant accounts are a great option for these businesses because the banks in South Korea are willing to provide a range of services including credit card processing to high risk merchants. South Korea merchant accounts can allow a high risk business to expand market coverage and gain an international image. A merchant may be considered to be high risk based on multiple factors. It is important to evaluate whether or not your business is high risk or not because it will certainly affect your ability to acquire merchant account services. MNBS Payment Solutions supports a wide array of low and high- risk merchant industries all over Asia.
Advantages of South Korea Merchant Accounts
The South Korean financial sector has standing agreements with the European Union. In addition to the EU and South Korea having strong banking and trade ties, South Korean merchant account holders gain the advantage of unhindered access to the massive Asian market. Some of the benefits of South Korea merchant accounts include:
- Accept mobile payments
- Accept micro payments
- Accept UnionPay merchant accounts
- Highly secure online gateway
- Online real time authentication
- Comprehensive online reporting
- Multi-language support
- Multi-currency acceptance
MNBS Payment Solutions creates tailor made solutions for merchants seeking South Korea merchant accounts along with additional offshore credit card processing and payment options in South Korea, Singapore, and many other nations all over Asia and the world. Please contact MNBS Payment Solutions for more information.