Wednesday, February 24, 2016
What Is a High-Risk Merchant and Why Might They Need Offshore Accounts?
When trying to set up a merchant account within your own country, you may hit a wall. Some banks can be selective about the types of clients and businesses that they choose to support, while others can be more lax. Often, those that are the most accepting are located in certain other countries and provide offshore accounts for those in need of them. This means that if you are having trouble obtaining a merchant account, an offshore account may be able to help – and may, in fact, be your only option.