Tag Archives: offshore merchant account in UK

Being in an online business every merchant wants to know a way to demote their levy liability for their e-commerce business and moving the assets offshore is another interest that most high risk businesses have. Some might bear to start a new business and are conceivably looking for economical pulls. High risk or low, business holders from thee-commerce industry know how major it’s to have their own merchant account. Without a merchant account you’ll neither be capable of credit card processing nor accept all the various kinds of payments for your services and products.

Some banks and processors won’t accept your applications unless you establish that your business has been running for further than two years. Most want a safeguard deposit and some tend to hold back on to your yearly payments for additional security purposes and viable chargebacks. High risk businesses discover their accounts being shut down as soon as their business starts to rise and they start entering high volume trades.

This is the main reason why merchants now look for merchant account providers who can provide them offshore merchant accounts which will be able to reuse high volume deals. Once you command an offshore merchant account, you’ll no longer have to worry about banks and processors or about your account being shut down as soon as your business starts to grow.

With new technology the world has become a lower place and online shopping has come the ultimate style. Merchants who are suitable to give online payment processing services on their websites get at least 75% more possible guests than those who don’t. An offshore merchant account points you in a favorable virtual world where you get numerous provident advantages.

Offshore banks and processors tend to charge merchants higher processing fees as compared to theU.S rates and there’s some fierce competitors. Merchants find offshore merchant accounts beneficial as the setup is quick and hassle free and you get better services. With a dependable trafficker account provider, getting an offshore merchant account gives you various benefits and there’s no hard and core conditions of having a two time business etc.

With an offshore merchant account you get cost efficient and hassle free solutions along with various economical advantages. Merchants no longer have to select a bank from their own country. An offshore merchant account helps expand your business worldwide and low taxes are one of the most sought after by the merchants. Offshore merchant accounts give you the benefit of offshore credit card processing which will allow you to bear and reuse payment in multiple currencies.

Offshore Merchant Account

Listed benefits of Offshore Merchant Accounts, with Radiant Pay

December 28, 2020 admin

Why are we doing business online?

That is quite clear, to expand globally, but do we need some Merchant account outside our country?

The rise in the use of credit card, debit cards, and other E-wallets have given wings to the online business in and outside our native country. They are the key factors to milk properly if you want to shine with your business.

When we do business in our country that is easy, and ok to manage. But when you have an aspiration to go globally, it’s different.

Because all countries have various norms and jurisdiction of their state, and unknown regulation, much offshore currency is different altogether their taxation policies and many other obstructions for online businesses than trading native.

So all these online companies wishing to go offshore need to have a well set Offshore Merchant account to gain all the profitable and easy to manage banking transactions and services.

What are the Offshore Merchant Accounts?

When you want to make your online business account accept all the transcations even from outside your country. You can hire a third party to open your Merchant Account outside, by any payment solution provider company like the Radiant Pay.

We give an offshore Merchant account that can accept multicurrency formats like Dollar, Euro, or Dinar. When all the types of Cards should be taken, an Offshore Merchant account is a must as we don’t know what type of credit card is being used.

We can proceed by opening our offshore merchant by either an offshore payment processing clearinghouse or by doing it yourself.

Offshore Merchant accounts are highly safe and secure, about the confidential data and Bank details which are given by the offshore customers and result in happy browsing experience, as the hackers and cyber-crimes are always in the hunt.

For better working and smoother management, the former choice of opening an offshore Merchant credit card processing via clearinghouse is always advisable.

Radiant pay emerges as the winner

As Radiant Pay is a Payment gateway solution provider based in London, we are sitting at the hub of the financial world in Europe and the entire globe is in our reach of the banking network. There is a possibility that if you are seeking merchant services outside, you are targeted to get a more charged fee or more transaction fee, but that is never the case with Radiant Pay.

We are a payment service provider based on, minimum charges and high turnover for clients with their online ecommerce businesses.

So next time it’s your wise decision of opening a proper offshore Merchant account to go rocket high with Radiant pay as your payment solution provider.

Business services

All You Need to Know About EMV Chip Cards – The Basic

November 1, 2016 admin

What is EMV?

A complete set for smart acceptance of all payment cards with initial specifications. Stands for Europay, MasterCard and Visa. The smart technology and becoming a global resource for credit card and debit card payments. Today the technology is supported by many other companies with an organization called EMNCo. The card is featured with microprocessor chip that secure the account and protect the cardholders data and avoiding the seal of account while making payments.

What is use of this technology?

Chip card technology made payment transaction fully secure against fraudulent activities. Reduces the fraudulent activities and given value added application for future use. The card is attached with micro computer chip and requires a pin or signature to complete the transaction process.

Why EVM Card?

It’s a golden color chip you have on your cards. That is microprocessor chip a whole ‘new revolution of card processing. A new and advance global initiative to combat fraudulent activities. Secure the cardholders data to expose to third party.

Traditional Cards have magnetic stripes that contain unchanging data. Whenever anyone access the data gets the card information. That is the big Mistake making traditional cards prime suspect of fraudulent and stolen activities.

“If someone copies a mag stripe, they can easily replicate that data over and over again because it doesn’t change,” says Dave Witts, president of U.S. payment systems for Creditcall, a payment gateway provider and EMV software developer.

Over traditional magnetic stripe, EMV generate a unique transaction code that cannot be used once it’s been used.

If a hacker stole the chip information from one specific point of sale, typical card duplication would never work “because the stolen transaction number created in that instance wouldn’t be usable again and the card would just get denied,” Witts says.

The card technology made tougher for hacker to steal the card information.

Experts hope it will help significantly reduce fraud in the U.S., which has doubled in the past seven years as criminals have shied away from countries that already have transitioned to EMV cards, Conroy says.

Business services

Unrevealing Myths of Banking Offshore

October 24, 2016 admin

When we heard of banking offshore many of us sounds that it is irrelevant and voidable of using such bank account. But the real situation is different only people with merchant banking and international businesses man known the real picture of banking offshore. What people think about banking offshore is not all true here are some myths about offshore Banking that will change your personal and professional overview.

Offshore Bank Account are Illegal? – No banking offshore is fully legal, but in some countries, you need to show the feasible offshore assets report to your home authorities. For eg, if you are Citizen of U.S and have a bank account in Canada you must declare that account. The place and country matter in holding an offshore account. The tax issue occurs because most countries taxed interest income in the country of residence, while this income is taxable in an offshore jurisdiction.

Regulation and Banking Restriction is Poor – since it not implies too many restrictions on Account Holders, given full freedom of confidentiality. Some small jurisdiction is subject to particular laws and regulation on behalf of FATF and other authorities. This may take your business in great loss.

Offshore Bank Account is Fully Anonyms – whenever you open an offshore bank account your Name and bank account detail are not anonymous to the bank. Only your bank knows each and every detail.

The fund is not safe in Offshore bank which has global visibility – It can explore your information and account detail to the parent bank in your home country. But a subsidiary offshore bank is a separate legal entity subject to the different law and jurisdiction. Keeping full confidentially of depositors and clients and not passing any information to the parent banks. In some countries, it is punishable to disclose the information by prison terms.

Fully Tax-Free – Not Fully tax-free, but give some tax benefits to the merchants. In most cases, it’s free of local taxation of the bank’s jurisdiction.

Physical Appearance is Compulsory for Opening Such Account – No Clients doest not have to appear physical in order to open an account. These banks have developed a procedure for opening remote and mobile bank account. Clients need to provide certain extra documents t provide proof of identity.

Needs Heavy Deposits – Not all banks require a heavy deposit, mainly it requires deposits starting with US$100,000 or equivalent. But a significant number of smaller banks are still interested in a regular middle-class customer and their initial deposit requirements may start with US$1,000 or less.

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