Offshore Merchant Account UAE/DUBAI type of Merchant Account available for merchants with online business in a non-resident country. Payment processing option is available to the e-merchant through their business websites along with other transaction processes. A typical misconception is an offshore merchant account is always high-risk which is not the case. Be that as it may, merchants who look for offshore processing generally do it due to the fact that offshore. So acquirers are much more permissive with regards to issuing offshore merchant accounts and the sort of products and services that can be sold. Because of moderate laws and also requirements on the merchant. This is one of the best advantages of obtaining an offshore merchant account. Also, you may likewise be liable to stricter banking secrecy with an offshore bank than otherwise.
Offshore Merchant Account High Risk
Hence, Online businesses like online pharmacies, gaming and also casino websites, sports books, electronic money, imitation products, bio-technology, etc. Are most likely to benefit from opening an offshore merchant account.
Finally, We have direct contacts and can introduce clients to offshore banks for bank account opening worldwide. These banks offer personal and corporate accounts including a wide range of services such as online banking. International debit card and 24 hour customer service in numerous languages. We offer you the freedom to Open Bank Accounts in a selection of jurisdictions without the necessity of you physically being there. Allow us to guide you through every step of the way. It takes between 2 to 3 weeks for an account to be opened. The banks will ask for more information and supporting documentation and their compliance teams will analyse the information provided for about a week before confirming an opened account. All of the banks we provide account opening assistance with offer full online banking services so that you can manage and access your account online.
Offshore Merchant Account Payment Gateway
Before we go into the details first I will briefly explain what payment gateway is and how it works. According to Wikipedia. A payment gateway is a merchant service provided by an e-commerce application service. Provider that authorizes credit card or direct payments processing for e-businesses, online retailers, bricks, and clicks, or traditional brick and mortar. The payment gateway may be provided by a bank to its customers, but can be provided by a specialized financial service provider as a separate service, such as a payment service provider.