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 Read full story »

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. Read full story »