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.