Every year, our opportunities to do business globally grow even more. 35% of consumers globally report having made purchases in online stores located outside of their own country, and this number is expected to keep increasing.
If your business doesn’t already serve foreign customers, then maybe you are reading this because you want to start tapping into that vast potential.
Read here to learn what an offshore merchant account can do to help your business achieve your goals, and how to get an offshore merchant account to get started on your global expansion.
If you are tired of having to deal with the same selection of domestic banks, then opening an offshore merchant account means a new freedom of selection.
This is particularly interesting if your business has bad credit history that makes it difficult to get the services you need, or if your business is operating in a high risk industry. If that’s the case, then you likely can’t get a merchant account from a regular domestic bank at all, and an offshore merchant account can be a great solution.
If you want to allow your customers to pay in different currencies, an international merchant account will also give you better options.
Consumers who are on the fence about whether or not to buy from a foreign business, but can see the exact price they’ll pay without fearing any exchange rate surprises are more likely to jump the gun and do business with you.
Not to mention that it will make it easier to process international credit and debit cards, making it easier to reach and serve an even larger customer base.
And finally, an offshore merchant account will usually not come with the same limitations that a merchant account from your regular bank does.
There are no caps on how much you can process per month or year, which can be such a frustrating hindrance in business growth. No more losing sales and profits due to arbitrary caps – you can keep scaling your business in full confidence.
You can always try your luck contacting various international or offshore banks yourself. It’s easy to find the necessary contact information online. But that is a time-costly process, and dealing with different time zones doesn’t help.
Let us get you your offshore merchant account for you. 5 Star Processing is a Payments Services Provider based in the Sacramento, but we deal with merchant accounts globally.
We have more than 5,261 customers in both low and high risk industries, and can advise you on the best offshore merchant account solution for your business. And we can give you the better rates and processing fees than you will ever find or negotiate on your own.
You probably have many questions about opening such an account, what it involves, and what you can expect of both positives and negatives specifically for your business.
Our offshore experts are ready to answer all of your questions, and when you feel ready, to get your offshore merchant account application started.
Call us at +1 (888) 253 9692 or send an email to our team at [email protected].