Offshore Merchant Account

Performance Card Service (PCS) is a leading provider of offshore merchant accounts for companies that have difficulty qualifying for domestic credit card processing. Businesses in this category often rely on solutions that can be time-consuming and expensive — especially when dealing with large volume transactions.

However, many international banks allow merchants to process credit cards without being incorporated locally. Applying for an offshore high risk merchant account usually involves providing the standard Know Your Customer (KYC) documents, but once approved, capacity or volume are unlimited— and that allows you to continue expanding your business.

Done correctly, offshore merchant processing can be a lifeline if your current business requires secure, fast and convenient credit card processing. However, before exploring this option, understanding how offshore payment processing differs from most domestic solutions is very important.

The Limitations of an Offshore Merchant Account

Below are some of the key challenges you may face when using an offshore payment processor:

  • Funding cycles are usually weekly. In some cases, money may be tied up for several weeks in arrears when using a merchant account offshore. Such delays can negatively impact your cash flow. Thus, it’s important to plan accordingly when selecting offshore high risk merchant account providers.
  • Some banks convert payments into their local currencies before authorizing and completing transactions. This means both you and your customers may see currency conversions on monthly statements. As a general rule, you should alert your customers to this fact during the checkout process to avoid any future disputes or unnecessary chargebacks. At Performance Card Service, we help you avoid this issue. We work with several offshore merchant account providers that offer a process through their primary bank that allows customers to see the same charge at checkout as they do on their statements.
  • International banks are not subject to U.S. financial regulations. Selecting a reputable payment processor that takes data security seriously is imperative when obtaining a merchant account offshore. Still, there is always the risk that some transactions get delayed.
  • You may face a higher rate of declined transactions. This is because many card-issuing banks in the U.S. use Geo IP filters to automatically flag or block transactions initiated abroad. This poses another challenge with offshore payment processing if the merchant is unaware of the filters being utilized.

Once aware of these limitations, managing them successfully is definitely possible.

That’s where we come in.

Choosing the Right Offshore Payment Processor

Since 2001, PCS has provided in-depth offshore merchant services, helping countless merchants around the globe build thriving businesses with a range of cutting-edge payment solutions. With one of the highest approval ratings in the industry, we help you qualify for an offshore merchant account — even if you’ve been turned down by other domestic or international banks in the past.

If you choose to work with us, our team of experts meets with you to select a payment processing solution that addresses your specific needs — whether it be a domestic solution, an offshore merchant account or both.

This consultation begins with an in-depth analysis of your current payment challenges — followed by a detailed examination of the various risks you face. Thereafter, we custom design a merchant account solution to help reduce your risk exposure and mitigate the limitations outlined above. This allows you to begin securely accepting credit card payments as you continue to grow your business.

Contact Us Today!

To learn more about Performance Card Service’s offshore payment processing solutions and offshore merchant accounts, schedule a free consultation with our merchant services team today.

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