Offshore Merchant Account for non US citizens

[system32]

Hi,

I read here and there that people are opening offshore merchant accounts for their business if they are not located in the US, now I wonder how a "offshore merchant account" differ from a regular merchant account ?

Is WorldPay, Wirecard, Chronopay and 2co.com considered to be a Offshore merchant account provider or no?

[Admin]

The mentioned merchant account providers and Acquiring banks are not considered offshore, it most of all depends very much on your location if the merchant account provider or acquriing bank is called offshore or not. Actually the most recognized offshore merchant account providers are located in Bermuda, Panama and the Caribbean, however you will face high rates, complicated procedures to get approved and huge setup fees while you will be forced to incorporate in the country in question.

First Atlantic is such an offshore merchant account provider, Payment Gateway, Online Credit Card Processing, Merchant Accounts, First Atlantic Commerce