Offshore merchant accounts are different than high risk merchant accounts. The rates are typically %2-%4 higher than what you can get in the states. The main reason is overseas banks aren’t as competitive as they are in the U.S. Just because a company is offshore doesn’t mean they should pay sky high fees and rates though. It all boils down to (more…)
Posts Tagged ‘offshore merchant account’
Offshore Merchant Accounts. Who needs one?
Posted by Nick Bentley on July 6th, 2010
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Is PayPal suitable for high volume merchants?
Posted by Nick Bentley on June 9th, 2010
If you’re a high volume merchant then PayPal isn’t a good choice because they do not negotiate their merchant fees for high volume customers. They charge 3 percent and 30 cents a transaction and a large volume merchant can do much better. Typically you can get under (more…)
How to get the low U.S. merchant account rates when overseas.
Posted by Nick Bentley on February 9th, 2010
I spoke with a few business people who were overseas this week, two in the UK and another in India. They all were doing big monthly volume but their rates were in the 3-4.1 percent range which is really insane compared to what we get here in the U.S. They explained that it was common to see these rates in other countries. (more…)