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Offshore Merchants Overview

 

Offshore Merchants assist high-risk businesses in obtaining a merchant account. The company process payments for American, Canadian, and international merchants. It also caters to all types of high-risk businesses, regardless of the currency in use.

If your business operates outside the United States and Canada, Offshore Merchants can also provide end-to-end solutions to your merchant account needs.

The company has over 10 years of experience as a company with senior executives with a combined experience of more than 30 years. Offshore Merchants can provide companies with cost-efficient payment processing services and risk management systems.

Website: https://www.offshoremerchants.net/

Address: The Center 4571, 99 Queen’s Road, Central Hong Kong 8

Phone: No information available

Email: No information available

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Offshore Merchants Merchant Services

Credit Card Processing

Businesses need to accept credit card payments to expand their market. However, high-risk industries can’t get approved for credit card processing services because of the nature of their businesses.

Offshore Merchants can allow your business to process Visa, Mastercard, American Express, and Discover credit and debit cards. Since a majority of customers use credit cards for payments, having this type of payment method will make your business more attractive.

High-risk Payment Processing

Many legitimate businesses operate in industries considered high risk by traditional lenders like banks. When businesses cannot get approved for merchant accounts, that’s when companies like Offshore Merchants come in. They offer to take the risk of businesses that have to do with gambling, adult entertainment, multi-level marketing, tobacco, astrology/psychic, dating services, alcohol, and the travel industry.

Payment Gateway

High-risk businesses can start accepting debit or credit card payments through payment processing portals in their e-commerce stores. Offshore Merchants can provide the payment processor that forwards the transaction information to Visa, Mastercard, American Express, Discover, and many more.

ACH Processing

An automated clearinghouse or ACH is a computer-based electronic network that businesses use. The network is used to process payroll, direct deposit, tax refunds, tax payments, and many more. Offshore Merchants can provide this service to high-risk businesses that have to pay their suppliers and move funds from one bank to another.

Data Security

Offshore Merchants will ensure that personal and financial information exchanged through payment transactions is kept confidential and secure. It can provide tools and systems that can help high-risk businesses stay compliant with industry standards.

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Fraud Reduction

Since you are operating in a high-risk industry, you might come across fraudulent transactions, fake identities, and stolen credit cards. You’re also responsible for the safety of the transactions that you process. Offshore Merchants provide the tools and advice needed for businesses to safeguard financial transactions, whether you are a domestic or offshore merchant.

 

Offshore Merchants Fees, Rates & Pricing

Processing Fees

The fees depend on the nature of your business, risks involved, and monthly processing volume. According to the Offshore Merchants website, its rates range between 3% and 7%. It can also process large volumes of payments at a lower cost compared to its competitors. Fees for high volume start at 2.5% to 4.7%. That’s way less than the usual 11% to 12% other companies charge.

Additional Fees

Most payment processing service providers to high-risk businesses require merchants to have a rolling reserve. Offshore Merchants’ typical requirement is a 10% reserve for six months. The company will evaluate each merchant. It can discontinue the requirement for merchants who have a good processing history.

The company’s website does not mention any other additional fees.

Hidden Charges

There is no information about any hidden charges by Offshore Merchants. It is best to clear this with Offshore Merchants before signing any kind of contract.

 

Offshore Merchants Complaints

Rip Off Reports

There is no mention of any rip-off reports involving Offshore Merchants. Usually, clients are quick to point out if a company is ripping them off but there has been no mention of it on Google reviews and social media.

Other Complaints

Even after an intensive look on the internet, there are no complaints about Offshore Merchants. Google Reviews, Yelp, and Facebook show no users complaining about the company’s services.

 

Offshore Merchants BBB Rating

Offshore Merchants is not listed on the Better Business Bureau (BBB) website. This means that BBB has not given the company a rating. This is despite the fact that Offshore Merchants said it has been around for 10 years, has served 95,000 customers, and has 100% customer satisfaction.

 

BBB Reviews

There are also no reviews for Offshore Merchants on the BBB website.

 

Are Offshore Merchants Legitimate?

Offshore Merchants appears to be a legitimate company. Though it isn’t accredited by the BBB, the company has some reviews that support its legitimacy.

Scams

No customer has complained on the internet about Offshore Merchants being a scam.

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Lawsuits

Offshore Merchants has no records also of class-action lawsuits.

 

Offshore Merchants Customer Reviews

The company has no testimonials and customer reviews on its website. It also has no reviews on Facebook, Yelp, or Google. Another review site, however, showed that it has a four-star rating. The review is divided into four categories—rates and fees, truth in advertising, consumer reviews, and customer support.

In rates and fees, Offshore Merchants received an 85% rating while it got 95% in truth in advertising. It has a 90% rating for consumer reviews and 95% for consumer support. The website, however, did not say the number of reviews on which these percentages were based.

 

Conclusion

It’s important to understand why you need the services of a payment processing company that specializes in high-risk industries. Whether you are located in the United States, Canada, or other territories, Offshore Merchants can provide payment processing solutions for your high-risk products and services.

Businesses that have a hard time finding service providers because of their high volume of transactions may also work well with Offshore Merchants. The company also charges low fees compared to other merchant account providers

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