Author Archive


European High Risk merchant accounts cost less, are hassle-free and have no caps limit. The main benefit of acquiring a merchant account in Europe is that the merchant account provider can offer you an account at very low rates. All varieties of services like gaming, adult services, pharmaceuticals, travel, etc. can be safeguarded from fraud.

First and foremost one has to comprehend that a merchant account is a kind of account in a bank that permits business to receive payments through credit and debit cards. It is an understanding between the vendor, the merchant bank who provides the merchant account and the processor of payments to settle credit or debit card dealings.

A good European high risk merchant account can give the merchant a lot of benefits that can help to enhance business, by enabling the merchant to accept all varieties of credit and debit cards.

A computerized recurring billing option is another benefit that the account holder enjoys over many other accounts. Once a vendor acquires European High Risk Merchant Account, he has access to transactions that deal with different currencies and helps him to build good, strong, and international customer support.

Another factor in favor of European merchant account for high risk category vendors is that such accounts are very flexible as far as their terms are concerned. Merchants living in other countries can also apply for European merchant account provided they satisfy certain conditions.

The European high risk merchant account enables the merchant to be available internationally and the merchant tends to obtain a place in the e-commerce market. Subject to the business conducted by the merchant, he can avail of advantages like easy set up options, anti-fraud screening, speedy processing of currencies of varied countries, ACH processing, and so on.

While on the search for a good European high risk merchant account provider, the retailer has to ensure that the bank can provide you with an online, secure virtual terminal that can be accessed from any machine and should not require software to be installed in order to utilize it. The terminal should be such that it can access and process transactions received by mails, phones and faxes. Ascertain that the provider is respectable, reliable and one who has been in the service for some time and offers full time customer service.

Category : High Risk Merchant Accounts | Blog

An offshore merchant account is a banking venture which moves hand in hand with the foreign banks where the local revenues are excused. The merchant or the business corporation seeking an offshore account should be registered or branded before opening the account. The offshore merchant processing is a pattern of merchant account which are specialised in dealing with the high risk credit card transactions and processing. It is also included under the out sourcing activities which help in banking all over the world without limitations or restrictions in any countries.

An offshore merchant account, by attracting a wide range of customers provides the most easily accessible and available means of services thus aiding both the service provider as well as the clienteles. The revenue exemption criteria, flexibility, easiness in the opening of an account, and  faster approvals makes an offshore merchant account more favourable and accessible to the traders and large scale companies. While opening an offshore bank account certain vital components should be kept in ones mind. One should be knowledgeable about the banker, with whom he is being dealing with. The bank should hold a transaction licence of e-commerce for at least a number of years and also try to avoid banks of countries with any external or internal administrative affairs. as it could lead to vulnerable funds.

One should also thoroughly go through the policies and terms and should clarify all the each statement. Also it will be better to seek the advice of tax advisors in order to secure the transactions more clearly. An offshore merchant could effortlessly succeed in his business activities by selecting relevant bankers. Certain  banking laws and jurisdictions enhances easy business reporting, auditing and settling of financial records thus helps the traders or the business man to conserve money ,time and energy. Many of the international banks provide best services to their customers especially to the offshore merchant account holders. This ease in the opening of the account and the secure services provided by various banks makes the offshore merchant account more familiar to the businessmen.

On the contrary an offshore merchant also creates much risk and threat if  not carefully dealt. The physical absence makes it difficult for the vendor to go through the money operations. The merchant also fails to oversee the details regarding the card, correctness of transactions, ownership identity and also about the matching of signature with that in the card. This will certainly increase the chance for illegal money transactions and corruptions especially when it deals with betting web pages and pharmacy trading.

Besides many pros and cons, the offshore merchant account certainly direct towards a successful future for the traders through its easy accessibility, minimal transaction charges and its bulky profits.

Category : Offshore Merchant Accounts | Blog

The arrangement of carrying out an online payment deal my means of a debit card, credit card or checks is what is known as an eWallet system. This sort of facility is offered by businesses or service owners to their clientele to buy products through the internet and make payments through debit cards, credit cards or checks. And this system is generally allowed only to those merchants who have individual merchant accounts that they offer to their customers. This is typically what is known as eWallet merchant accounts and this is compulsory that business houses of this type have such an account.

Business is simplified to a great extent when you have eWallet account. There are many online trading businesses that are considered high risk like adult entertainment, pharmaceutical business, gaming and dating sites, etc. and most of their deals are carried out by eWallet providers. Such high risk merchants will not find it easy to get normal merchant accounts.

An online service vendor must acquire eWallet merchant account in order that the business is conducted without hitches and payments are carried out competently without a break in transactions. This type of an account also helps to improve business as the vendor gets the benefit of all kinds of payment deals through various means.

A number of online business services take on the nature of high risk business with regard to their line of business, and risks develop from the likelihood of fraudulent actions. In such cases because the deals happen to be many and happen everyday throughout the year irrespective of time or location there is every chance that the accounts can be manipulated by external miscreants, consumers or goods suppliers. This is when the eWallet account proves its mettle.

This type of account is pretty new and hence there are only a couple of providers who offer this to business operators and offers a variety of advantages to the vendor; like a customer can pay for a particular service from a vendor for a whole year on a monthly basis instead of contacting the client every month and details can be stored in the eWallet account by means of a unique code.

It also offers a merchant the chance to take orders for products that are not in stock and adjust payments after the order has been delivered, and the merchant will not need to contact the customer again for payment of items that were not in stock when the order was placed.

Nevertheless, the matter of security must be given highest importance. Merchant must necessarily set up eWallet merchant account that can sanction and settle great volumes of online payment deals, assisting them is secure web payments, various payment option that are in their wallet user account and process expenses by means of links to certain financial organizations.

Category : Ewallet Merchant Accounts | Blog


The business, which deals with adult products or the allied industry, may find it troublesome to obtain adult merchant accounts normally. All other business types usually find numerous merchant account providers and there is the question of selection of one of them. On the contrary, the adult business sites are not offered normal service by the merchant account providers because they think the area to be a high-risk-zone. Adult merchant accounts are needed to get the payments through credit cards, which require the account providers for processing. Since, there is scarcity of account providers for the adult business sites, the very few providers who take the risk to collaborate with the merchants, charge outrageous discounts and other charges for processing the merchant accounts of adult sites.

The Present Scenario of Adult Merchant Accounts

Some providers with strong will power have stepped forward to offer services to this kind of merchant accounts to the adult product industry. They provide the normal merchant accounts and the third party applications for the benefit of small online business owners, who are unable to maintain the standard merchant accounts. The provisions are explained hereunder for the benefit of the online business owners of the adult product industry.

The services are applicable for the new comers to this trade and for the business owners who are well established in this line for processing of online payments. There is a scope for the existing business owners to switch over to these providers if they are not satisfied with the services of their existing providers for the reasons of very high rates of discounts and other charges. They can check out the charges that these provide apply for processing of payments through credit cards and debit cards.

The services offered are very much flexible in nature and they are allowed to accommodate certain customized options that an adult website may require for the expansion of its business.

The discount rates and fees are affordable enough to enable the adult sites to create optimum profit for them. The attachment time is very small and hence can be incorporated to several adult merchant accounts promptly enabling the system to process the credit card payments in a very fast manner.

Providers use the latest interface and provide a fraud and scam free service to all adult merchant accounts. The services of providers are handled by experts in this line so that the online business owners of any adult product site can carry on with his business safely and grow in real sense.

Category : Adult Merchant Accounts | Blog

When you hear the term, Offshore merchant account, or just the word offshore, what initially comes to your mind? Suspicious. Somewhat illegal. Sounds paranoid, isn’t it? Don’t worry. It’s just but normal to be cynical about this. We have watched in movies businessmen being arrested because of having a “hidden” offshore merchant account. But in reality, an offshore merchant account isn’t as bad as it seems.

The baseline

First, let’s get to the basic premise of an offshore merchant account. If you are engaged in an business that fall under the categories of travel, online gaming, online pharmacy, adult website, outbound telemarketing, escort service, etc., then, an offshore merchant account is a feasible option for you. But, actually, no matter what kind of business you have, setting it offshore is always a feasible option. Emphasis are given to the afore-mentioned types because they are considered high-risk businesses by domestic banks.

Preconceived notions

Talking about high risk, this is one of the myths surrounding offshore merchant account. Some say that opening up one is a risky step. One of the reasons seen is that you opt to make transactions with foreign banks. Foreign , being the operative word, smells like anonymity or hidden from the public eye. Clearing this, an offshore merchant account is not actually a secret account. You just have a privacy option. Domestic banks also have the same clause for you to check if you want to keep your account private in a certain level as well.

Another gray area regarding an offshore merchant account is that it is a way to escape tax obligations. In certain cases, you may be lured to the promise that there are super-low or virtually no U. S. taxes due on your account for the reason that you will use a separate offshore- company (your company) to handle your credit card transactions for you, o r that you;’re not actually the owner, you just manage it, or that no taxes are owned on offshore trust incomes.

The reality is you may be be able to hold over taxes until you declare your offshore earnings, but the watchful eye of the Internal Revenue Service (IRS) is just computing on the shadows on how much you actually are liable to. You will not be able to legally set aside taxes without assuming an investment risk or make a total surrendering of your control over your assets. It is a complicated process that entails legal action from a legitimate financial consulting firm. Bottom line, taxes are an inevitable part of life. Every working citizen pays taxes.

Changing the impression

Setting up an offshore merchant account may seem tricky to most, to get a better perspective, get the services of a merchant account provider. They have an established network of foreign and yes, domestic banks, to help you set up a merchant account. This move will help you be more knowledgeable of the inner workings of an offshore merchant account.

They say, what you don’t know won’t hurt you. But, at the end of the day, knowing what really happens makes you feel connected to the world, in the case of an offshore merchant account, what you know will not hurt you as well.

Category : Offshore Merchant Accounts | Blog

What is an international merchant account?

The simple way of answering this is the activity of payment by international credit cards and its receipt online by a merchant. The meaning of international merchant account deals with the feasibility of acceptance of payments by the merchant through their online business. The modern way of making payments of purchases are routed through credit cards instead of cash payment in most of the cases. This compels vendor to make necessary arrangements for processing the payments accordingly. This is more applicable in the context of the online merchants who have their websites to collect international payments through electronic system. To avail this facility a merchant has to obtain an account from the authorized provider, who can be a banker or a credit card processor. Small business can do with a third party arrangement of merchant account provider without opening a merchant account himself.

Online businesses are a little bit risk involving kind of businesses and that is the prime reason that the domestic account providers hesitate to cooperate merchants for international transactions. The offshore or an international provider encourages the merchant to have an account with them for his online business with more flexible characteristics.

Therefore, this kind of merchant account is preferred by the merchant for his worldwide business activities. Over and above, there is definite benefit in tax payments provided by the international providers.

Important Aspects of International Merchant Account

There are host of advantages provided to merchant account holders like the preference of using the virtual terminals and the processing services in several international currencies. There are certain measures to protect the account holders from fraud and scam. Additional facilities include reporting online, the safety and security of transaction irrespective of any limit and joining with several elite credit card and debit card companies for easy transaction.

The processing fees that are charged are very high in this respect, which does not affect the account holders due to the large scale of transaction that they enjoy in this online business.

Benefits of International Merchant Account

The basic and supreme advantage is for the customers of your online business where they are free to make the payments online in their own currency, which is a positive advantage for the growth of your online business internationally.

The vendors are able to enjoy the practical payment processing favors so that they can make expansion of the online business to any corner of the world through a single interface of international provider. An international merchant account permits multiple currency transactions to develop the business.

Category : High Risk Merchant Accounts | Blog

Once you have decided to set up your business base in another country the first step in offshore company incorporation would be to decide upon the particular country where you intend to set up. Choose one whose jurisdictions are secure and legitimate and corresponding laws and regulations are simple.

The tax laws, communications efficiency, foreign exchange laws and regulations, banking facilities available and overall cost of company incorporation and maintenance etc should be given utmost importance. Always opt for expert advice regarding the actual formation. There are numerous firms which specialize in offshore company incorporation.

Once the location has been fixed, it is up to the owner to decide whether to visit the place or not. The services provided by certain online firms who are registered agents can be utilized to carry out the incorporation formalities.  It takes very little time if you have all the necessary documents ready. An online application form can be filled and all necessary documents sent to them by fax or courier.

A major step is to open an offshore bank account. Proof of identification such as Drivers License, Passport copies or National ID has to be provided to your incorporation agent as they have to maintain records of all directors, shareholders and beneficiaries of the company. All information provided remains undisclosed with your agent.

A Beneficial Owner’s Declaration known as BOD has also to be filed with the agent. This will highlight the present activities of the entrepreneur, the business he plans to conduct through the newly incorporated company, information related to his career etc. There should also be a signed statement accepting to obey the jurisdictions of the offshore country and not stray into any prohibited areas etc.

There is usually a middle man involved known as the ‘Incorporator’ who plays a vital role in offshore company incorporation. He is the official signatory of the incorporated company in its initial stages and is also the first share holder of the company. He has to subscribe to the minimum number of shares as required by the law and later transfer them to the rightful owner. You can further appoint nominee directors and company secretaries if you further look forward to not being actively involved in the company operations.

An amount will be charged as the incorporation charges as well as the fees of the agent whom you have employed. Choose a good name for your company which is acceptable to the offshore company regulations.

Category : International Offshore Company Formation | Blog

In spite of the world economic slump, the sustained development of multi-channel retailing entails that the business houses or services are persistently supplying their customers in keeping with their promises and orders. With vendors trying to bring their sales to the optimal levels and supplying endless services, there arose the necessity of a flexible and safe mode of payment that supports both the vendor and client. This gave birth to the E-Wallet solution. Just like one has a wallet to keep cash, E-Wallet holds cash for online transactions. It is not very cumbersome to go about getting E-Wallet processing

There are three main reasons to get E-Wallet account processed whether you are a merchant or a customer. a) It is far simpler to transfer money to manifold sites using E-Wallet. b) E-Wallet account helps to instantly transfer money from a particular site back into the E-Wallet. C0 Many sites refuse to allow the use of credit cards.

E-Wallet processing enables the customer to create secure account to keep their credit and debit card details. Once E-Wallet account has been processed the individual only needs to enter the postcode and the three digit security number that are not stored in the E-Wallet.

There are a number of providers who offer E-Wallet processing for both vendors and consumers. Consumers can get their E-Wallet processing done through the many financial organizations, specialized merchants or certain technology providers. For the vendor or the retailer who have a high volume of online business transactions E-Wallet is imperative in order to conduct their business smoothly and successfully.

The cost of processing E-Wallet varies from processor to processor and one has to scrutinize the processor carefully before selecting one that suits your requirements. Ensure that the one you decide has been in the industry long enough and are reliable.

E-wallet payout processing generally takes about three to four days which is comparatively faster than the time taken to process credit and debit cards. Many people utilize e Wallets for gaming sites, so such people should ensure that the sites they use are in the list of the providers as there are many rules that have been imposed by the E-Wallet providers who process your account.

E-wallets are becoming the most popular option to consumers of today. One can select their means of funding their e-wallet in order to make on the spot money transfer and E-wallet providers must necessarily be regulated and officially accepted by the governing financial regulatory board.

Category : Ewallet Merchant Accounts | Blog

Adult Merchant Services are those solutions that earn money through the business of adult websites. As you can well imagine online business that has anything to do with adults is considered a very risky affair and such business owners are not permitted to receive their payments through the national banks. Adult Merchant Service accounts differ totally from the various other merchant accounts. As a result of the risks involved a majority of the merchant account operators steer clear of the Adult Merchant Service business owners.

This is when adult merchant account plays an important role and is the best way out for those who own this kind of business. Processing of credit cards is the ideal solution for those in the adult business and assisting tthem to take their trade on to a different level. Reliable and authentic means of receiving payment draw a good clientele and the anti-corruption software ensure that the webmasters are suitably safeguarded. But it is pretty difficult to get hold of adult merchant services in many places.

There are two chief modes of payment in the adult merchant services. They are:-

  • The monthly  payment mode when the membership fees are paid on a monthly basis thus ascertaining a steady flow of money, and
  • The One-off fees where the full payment is made in one go and this in a way aids the business owner to construct a decent customer base.

Both the methods of payment have their pros and cons and in the early stages of business it would be a good idea make use of both modes of payment and those who provide accounts for Adult Merchant Services generally allow the trader to utilize both methods so as to increase their income till they have recovered the money invested. This is when the solution providers urge the merchants to create a merchant account to make payments through the credit card process system.

But the merchants have to pay through their noses to the account providers and the rates even go as high as 20%! This makes a dent in the vendor’s business and the only solution choice left to the vendor is to decrease his profit margin.

Taking all this intro account the Adult Merchant Services vendor should do good research on the internet to select an account provider that panders to all his requirements. With the advent of the internet there is no shortage of account providers and those who are willing to provide Adult Merchant Services accounts do not really care about where the vendor’s business is situated and their disbursement is fast and very efficient and will offer accounts to adult service business without an inkling of doubt.

Category : Adult Merchant Accounts | Blog

Check 21 is the cheapest, fastest and safest means of meting out check payments. When using check 21 facility, dealings are cleared utilizing the exchange of check images from bank to bank. Most of the high risk merchant service providers make use of this latest facility so as to hasten payments hence High Risk Check 21 processing is becoming the order of the day. People who write checks must necessarily be in the know of the Check 21 regulations.

Benefits of Check 21

  • One has speedier access to money which means one receives payments faster resulting in quick flow of cash.
  • Checkfile can be presented as late as 8 pm for clearing when compared to the time of ACH files.
  • Low risk of scam – the shorter the time required for dispensation the safer you are from fraud.
  • Online reporting system wherein a lot of reports can be gathered faster.
  • Check 21 is cheaper and faster as vendors utilizing the remote deposit capture do away with umpteen number of trips to and from the bank, thus saving on cost of transport also.
  • With the use of the remote deposit capture the manual process of preparing a check and the resulting errors can be reduced.

With the advent of the highly modernized Check 21 processing system, high risk merchant providers have found an exceptional option to the more restrained ACH rules.

High Risk Check 21 Processing is managed by certain laws regarding checks and the Uniform Commercial code that have nothing to do with the ACH rules. All the check 21 dealings are there when he receives the bank statement exactly in the same manner as they would have appeared if it were a paper check.

One very significant point that has to be kept in mind when writing out a paper check is to be very legible because when an electronic image of a check is taken, clarity is of utmost importance. This aids in steering clear of mistakes in the vendor’s account or his overdrafts. Also remember to keep a track of you check dealings and ensure that every check that is written is noted down.

Once vendors is armed with all the details of Check 21 he has to ensure that he sets up a High Risk Check 21 Processing account with a provider who will be dedicated  in learning the nuances of his business and suggest the best solution in accordance withy the vendor’s requirements. The vendor must ensure that he will receive excellent service, better processes of disbursement and rates that are greatly competitive.

Category : High Risk ACH Check21 Processing | Blog