The conundrum surrounding the choice of the merchant account remains despite the introduction of the offshore option. As compared to local providers, an international provider is often more lenient and flexible.
While local providers have their advantages as being closer to home and hence “naturally” trustable, improvements in the international merchant account services have made the experience of using international accounts just as homely. Compare the local account’s rigidity and desire to delve into your matters to the international merchants.
Here are some significant advantages international accounts hold over domestic ones:
Go international – With international accounts, there is the added freedom of truly going international and catering to customers trading in foreign currencies.
Expansion – The ability to serer customers willing to pay for services or products with foreign currencies opens up new opportunities and the vast scope for growth.
Ease of use – Getting offshore merchant accounts is just as easy as opening a domestic one. A form and some details are all that is required. There is also the advantage of not having to go through rigorous investigation on the provider’s part.
Suited for high risk businesses – High risk businesses will seldom find backers in the local market who are concerned about their reputation and the potentials of risk involved. The international providers do not discriminate and look at your business impartially.
Acceptance rate – Precipitated from the facts listed above, there is the acceptance rate that accompanies the international process. The rate is significantly higher, in fact almost a 100% as compared to domestic accounts where the rate of acceptance is very low.
High risk merchant account 