What is An Offshore merchant Account Service?
We know very well about the Merchant Account Services. All we need is to understand The term “offshore”. Well, It is a type of account for a merchant in a non-resident country. So, it is a direct account but not a domestic account. It helps the merchant to process payments through their website and allows them in making a transaction and process their sale. It offers and contains all the features just like the regular and domestic merchant account. There can also be both the categories which support High-risk Business and Low risk Business.
Often people consider that offshore merchant account is for High Risk Businesses or for such businesses that cannot get approval by their domestic banks. But this is not the case it is only the location making difference because the bank approving the business is not a domestic bank.