Radiant Pay offers solutions in Offshore Merchant Account. We make available a wide range of solutions which are operational in many countries in Europe. The basic understanding of an offshore merchant account is that it is a type of bank account for sellers who are established in a non-resident country. The payments of services offer can be done online via the sellers websites.
REASON FOR ITS EXISTENCE:
Businesses which are online and at high risk category have snags in reception of payments. If they wish to have local accounts, there is a lot of documentation involved. Also, the banks ask for a history of at least six months. The banks ponder such businesses as high risk, as they consider the probability of such companies to go bankrupt before they pay their loans at a huge possibility. So, merchant account solutions come into effect in such scenarios. Such accounts also allow the dealings to be of discrete nature. A number of companies in various European cities opt for this mode to obtain payment for their businesses.
EXAMPLES OF COMPANIES OPTING FOR THIS SERVICE:
Some businesses that use such offshore business account in UK and Europe are the online drugstores, casinos, tobacco companies, telemarketers, web-hosting services etc.
TECHNOLOGY USED IN SUCH SERVICES:
The technology used to function these merchant accounts solution in London or in other parts of the world use the newest technology and tools. There is no risk of identity theft or the system being hacked. They also use the latest in the technology to prevent frauds.
Though, it may seem unconventional to certain people who run businesses to choose for such services but offshore merchant account is the newest technique in the ways to make payment in Europe and the other cities of the world. . With time, such payment methods will surely get more recognition and be used in large numbers. Details of Radiant Pay’s offshore merchant account can be read in the following link – http://www.radiantpay.com/offshore.html