Breaking Away From Traditional Transactions with Offshore Merchants

Many brick and mortar stores are expanding their markets by creating a presence online. Furthermore, many new businesses are forsaking the creation of a traditional store and instead go ahead and conduct business over the World Wide Web. To consummate sales online, you need to accept credit card or debit card payments. Merchant accounts were created solely to enable business to conduct business without using cash but instead rely on credit card transactions.

Domestic banks have long offered merchant accounts but are inherently conservative and are not responsive enough to the fast changing world of the internet, and more importantly, they put a cap on the volume of transactions.

A great option for businessmen is to explore international merchant accounts and therefore expand the market globally. Such is the nature of the web. It is global and operates 24/7.  Software solutions exist to enable business sites to accept credit card transactions. Solutions such as virtual terminals, billing systems, e-commerce solutions, and electronic shopping carts found their way into the internet in the 1990s and now have matured considerably.

Boosting Business Potential Using Offshore Merchant Accounts

The worldwide market is within the reach of most businesses today of they totally embrace the new world of electronic commerce. Not only will you make the whole world your market, it will also mean that your store is open 24 hours a day. This is the new paradigm of the market place – most of your competitors may have already embraced this. If you stick to the brick and mortar store, watch your sales disappear because not only are people actually bringing less money with them (typically 20 dollars), the convenience of having internet shopping may mean that people do not need to actually go to a store in order to shop.

Shopping, as how we may know it, has permanently changed – thanks to that plastic strip we call the credit card. To be able to facilitate payments thru credit cards, businesses must have merchant accounts. To take full advantage of the global marketplace, your on-line business must be able to accept international orders and should not limit potential buyers with a choice of either Visa or MasterCard. If you are applying for a merchant account, Offshore Merchants offers terms and conditions that demands very little from the applicant. If your business is characterized by a high rate of chargeback, fraud or has a high volume of credit card transaction, Offshore Merchants may be the right business partner. To demonstrate the minimum amount of fuss it takes to work with Offshore Merchants, no additional fees are being demanded. There is no APPLICATION, MONTHLY, YEARLY and TERMINAL fees. Typical monthly charges range from 3 to 7 percent. How high your charges are depends on the risk of your business and the amount of transactions per month.

Offshore Merchants Can Help You Boost Business

Cashless sales are experiencing massive growth brought about mainly through electronic commerce. Behind the web pages and the internet servers that dish out web content are the merchant accounts that make it possible for anyone to buy anything online. Buying anything online is already beyond the traditional model of the grocery or the neighborhood store. Of course you might have heard of adult content, or escort services, or weight reduction pills, or budget airline tickets being peddled on the internet and all for the taking as soon as the credit card transaction is approved.

Well, not everything is rosy though.  Increasing instances of fraud and chargeback will make your domestic bank hesitant for each merchant account application passing through their desks. If you do get approved, domestic banks charge you with high rates and limit the volume of transactions made each month. Merchant accounts that are offered by domestic banks often limit sales domestically – ironic considering the worldwide phenomenon the internet has become.

Offshore Merchants and Your Payment Transaction Needs

Business is experiencing rapid growth in on-line sales. Such sales are made possible because merchant accounts owned by the business make it possible to accept payments using credit or debit cards. Small businesses usually rely on domestic banks to handle the backend of credit card transactions but there is a limit to the risk and the number of transactions that your online store can make. When you realize that there are customers worldwide, you start applying for an international merchant account. However, bankers are a conservative bunch and they demand too much paperwork. They will consult the so-called TMF or “Terminated Merchant File” and will do a credit history check. When your online business falls into the non-traditional and cutting edge, bankers may decline your application or else charge you high fees.

Develop Your Business with Offshore Merchants Services

Are you looking to take a step further into expanding your business? Are you opening up to the possibilities of allowing credit card payments not only over the counter, but also over the telephone, by mail, or over the internet? If these are the questions you are asking yourself as you change your business strategy, then maybe you should consider applying for a high risk merchant account with Offshore Merchants.

In an age when people buy more things over the internet or the phone using credit and debit cards, don’t let your business lag behind by sticking to traditional cash payments only. We are now in an era where cashless transactions are becoming a norm. Looking at consumer studies, 80 percent of shoppers prefer to make cashless transactions, even over the counter. Further, over 90 percent of shoppers use credit cards or debit cards to buy the things that they need over the telephone, on the internet, or by mail order. And when you compare cash and cashless transactions, you’ll be surprised to find that there is a 20 percent chance that a person will buy something if they are using a cashless transaction, than if they are using cash to pay for it.

Taking the Extra Step for Your Business by Availing of Offshore Merchants’ Services

With Offshore Merchants, you can be sure that it is in their best interest to assist businesses in processing payment transactions by using their high risk merchant accounts’ services. Why is kind of this account considered high risk? These are viewed as high risk since the kinds of payments made are either done through a phone call, on the internet, or by mail order. Normally, regular banks do not offer this kind of service to companies simply because of the strict guidelines set by them in terms of underwriting. That is why a company like Offshore Merchants is needed in services dealing with online or remote transactions for businesses to process payments in the least risky way.

So, is your business ready for such a move? Are you planning your business strategy by getting out of the traditional mode of payment and taking the extra step by accepting payments through credit cards on site or online? If these things are being considered by your business, maybe it is time to start considering the high risk merchant accounts being offered by Offshore Merchants. It is better for your company not to be left behind in an age when communications is a main medium for purchasing goods and services online. According to some statistics, consumers today probably spend 20% more when buying things remotely than they would do if they were spending actual cash. Further, over 90% of all payment transactions today are done via debit or credit card over the internet, through the mail or by a simple phone call. More and more are people starting to do their shopping remotely, or if they go to a store, they usually opt to use a credit card rather than cash.

Using Offshore Merchants to Increase Business Transactions and Visibility

When you click on the buy button to complete an on-line purchase, your credit card information is retrieved and the transaction amount is logged onto a special bank account known as a merchant account. A merchant account is a type of account used by businesses so that they can accept payment using credit or debit cards.

Domestic banks or member banks that belong to the Visa/Mastercard network may not provide such an account if the nature of the business is prone to chargeback and fraud. Offshore Merchants offers such businesses, doing a lot of selling via the internet or thorough telemarketing, a chance to expand their sales by letting buyers pay using their credit cards.

If you are selling over the internet, Offshore Merchants will provide you with the necessary infrastructure so that your customers will effortlessly process the sales transaction.  Offshore Merchants will make your e-commerce site attractive to most online customers because both Visa and Mastercard credit cards are accepted.  The range of services that Offshore Merchants offers to interested businesses ranges from complete e-commerce solutions to recurring billings up to virtual terminals.

Offshore Merchants – Perfecting Your Business Needs

According to some studies, an average consumer, in all probability, will shell out 20% more money when using a cashless transaction online, by phone, or by mail as compared to a normal cash transaction. Did you know that over 90% of all payment transactions today are transacted via debit or credit cards on the internet, by mail, or over the phone? Further, did you know that more than 80% of people making purchases everyday will probably use a debit or credit card, and prefer cashless transactions over making cash transactions? With these facts, how can a business go wrong by taking an extra step in their business plans and begin accepting payments using credit cards or debit cards over the internet or the phone? Traditional businesses should think twice and prevent themselves from being left behind in an era where different mediums of communication are becoming a main channel for payment transactions.

Expand Business Success with Offshore Merchants Services

Is your business successful, but still looking to go a step further by accepting credit card payments online and by mail and phone orders? If this describes your business, then Offshore Merchants high risk merchant accounts may be what you are looking for. This is a great opportunity for your business to make more sales by accepting debit or credit cards. Don’t be left behind in a world where communications are becoming a major medium for purchasing transactions. According to some studies, an average consumer will probably spend 20% more than what he or she will usually spend if they are using a cashless transaction. Not only this, more than 90% of all purchasing transactions nowadays are done with debit or credit cards online, by phone or through the mail, and more than 80% of people make purchases that are cashless.

Making Your Business Thrive with Offshore Merchants

If you are looking to boost your business potential by accepting credit card transactions, then using Offshore Merchants may be a great option for you. The main objective of Offshore Merchants is to handle transactions that are regarded as high risk transactions such as those done through mail order, phone order, or via the internet. This is a good alternative to having domestic merchant accounts since it will expose your business to international markets and keeps you in line with international standards of business dealings in different currencies and countries.