High-Risk Offshore Merchant Account

Merchant Accounts for CBD CBD merchant accounts are our most in-demand product, for which we have proven domestic and offshore banking solutions for CBD merchants. Merchant Stronghold  provides the best merchant services for your  CBD Businesses . Legalization brings a lot of opportunities, including many that are unexpected. One of the biggest areas for expansion is cannabis oil. Cannabis oil can mean a lot of different things but most importantly, it’s giving consumers and entrepreneurs a new way to explore and benefit from the marijuana industry. Here’s why cannabis oil is big business, and how any entrepreneur can tap into this nascent market. The cannabis oil market is huge There are many different kinds of cannabis oil on the market. All of them are growing in popularity. The CBD market alone is predicted to reach $22 billion in 2022, according to Brightfield Group. The CBD market is blossoming CBD, short for cannabidiol, is the main non-ps...

As technology is advancing, the internet has decreased the geographical distance and brought the global market in one place. Through online businesses, merchants can provide its services to customers all around the world. Irrespective of the size of business you own, to run it successfully online, merchants need to have two things: 1. Merchant Account 2.  Credit Card Processing  Facility An offshore merchant account is the most common account out of all the options available in the market. The offshore account does not require a huge cost for the initial setup. This type of account is more popular among small businesses that operate online. Benefits of Offshore Merchant Account 1. Some offshore account providers may charge you but there are a few that do not charge a penny for initial setup, which is a beneficial deal for merchants running small online businesses. 2. Offshore accounts operate outside of your home country (where your business setup is)...

High-risk Merchant/business You might think that why your business is categorized as high-risk even while you are following the right track. The reason is the target audience and the niche of your business. Some of the high-risk industries are: E-commerce stores A website dealing with digital content and steaming Travel and transport companies Companies dealing with multi-level marketing and direct sales Adult and dating websites Loan and financial businesses Companies providing supplements Crypto-currency Companies selling custom-made products Fast-growing companies Other reasons for being a high-risk business can be an excessive number of chargebacks. Also, bad credit record, selling goods with high value, products open to the risk of fraud or a subscription-based business. These are the factors that make it difficult for you to get a merchant account and especially to be able to accept online payments from debit or credit card, with a merchant service provider...

It is true that some offshore merchant account providers cater specific high-risk industry but it’s not the case with all other offshore merchant account providers. Let us first understand what an offshore merchant account is. It is like any other account but is with a bank outside the merchant’s home country. This type of account enables a merchant to accept payment online by accepting a credit card. It is not restricted to any industry type, but is available for merchants across all the industrial categorization and can get this account opened to reap its benefits. This type of account is more beneficial for merchant’s expanded their business beyond geographical boundaries i.e. multinational merchants. Multinational merchants mean that the merchant sells a product to domestic as well as international customer and deliver real-time credit card processing in a local currency of customer. For safe and secure credit card processing these merchants should work with a local ...

It appears on the credit card statement or any other bank statement of the customer that contains details of the company and merchant involved in the particular transaction. The purpose of the merchant descriptor is to identify who the payment was made to. Whenever a merchant goes for the  merchant account , he or she is asked to provide the merchant descriptor as well.  WHAT ARE THE BENEFITS OF HAVING TRANSACTION DESCRIPTOR OR MERCHANT DESCRIPTOR? Having a transaction descriptor can save the merchant from a chargeback. This is the most important benefit of having the transaction descriptor. A descriptor gives clear information about the merchant and the purchase. This helps a customer to quickly identify the transaction. That also results in a low chance of the chargeback from the customer’s end. According to the various reports from the card networks, most chargebacks are filed simply because the customer did not identify the transaction. No...

Rolling Reserve Merchant Account : When it comes to new merchants and high-risk businesses , the bank takes all the possible caution to avoid any loss in their business. Due to which they have created a robust network of rules that need to be followed at all times so that economic and financial aspect of the business never sees any downfall. This is the reason that bank introduced the concept of Rolling Reserve Merchant Account. WHAT IS ROLLING RESERVE MERCHANT ACCOUNT? Rolling Reserve is a fixed percentage (generally 5-10%) of a merchant’s transacted amount reserved by the bank which can be used in case of an excessive chargeback. This happens for only a short time interval (6-12 months) until the business gets some stability. Upon completion of this time interval, the bank releases the amount to the merchant on the scheduled dates. WHAT IS THE PURPOSE OF ROLLING RESERVE? As we discussed, rolling reserves are applied for the merchants having a high-risk busi...

There was this particular merchant based in the U.S. and, by the time it contacted us, it had gone to some of the biggest U.S. processors to open several merchant accounts, a couple of which are still active. Now, this is one of the biggest mistakes that merchants must not make —opening several merchant accounts at once, and not keeping them live. If it’s done otherwise, processors get nervous and understandably so —the new  Merchant Account  You are applying dormant is either closed down or replaced. In the event, we asked our merchant to explain why it had gone through the pain of opening these many merchant accounts and received a satisfactory explanation, which is not a typical scenario. I should also add that the merchant had already received notices that its remaining two accounts would be closed within a month, which brings me to the next lesson — if you operate an online tech support business, the mainstream processor would not be a viable option — even if you do man...

Merchant Stronghold offers you the control that your business needs to climb up. We provide reliable and secure architectures so that you get premium security and low fees. There are many payment solutions, you can choose from payment types that are much familiar to your users. It doesn’t matter whether your customers are in Europe, Canada, America, or United Kingdom. Our merchant services are capable of accepting payments from anywhere in the world. BENEFITS OF OUR MERCHANT SERVICES Payment Processing: Your business can accept cards, securely and affordable. We believe that merchant services should be low cost, simple, and transparent. Merchant Stronghold provides these services with no hidden fees. Point of Sale: We have changed the waypoint of sale works. There are no additional costs, everything that you select comes with a warranty, support, and upgrades. We can reduce operational cost and increase customer satisfaction. Business tools: Best payment sol...

Yes, a high-risk business will have a hard time getting a  merchant account , although there are high-risk merchant accounts that can be acquired at times. It’s important to note that such a business can have a hard time getting online payments just because acquiring a merchant account is quite demanding. The high-risk factors included here are a large number of chargebacks, refunds and so on, credit card fraud as well as companies that have a very high number of non-fatal or even fatal accidents, to begin with. Moreover, there are businesses that don’t comply with the regulations and requirements requested by the local law. This is very important and it does bring in quite a lot of trouble, to begin with. Of course, working with a high-risk business doesn’t bode well even for some major companies as well, which is very challenging for sure. It might be very problematic at first, so you should just try and avoid that, to begin with. Yes, it will be problematic to deal...

Here are the generally detailed documentation(irrespective of any country) that are required for the  merchant account  is: To prove that the applicant is the legal resident of the country he/she should have these documents to initiate the application process: Legal presence in the country: The merchant should have a registered legal name and address and a Doing Business As name. Physical presence: The merchant should have a physical presence of the business place. This physical presence can be the applicant’s home or an office from where the business is being incorporated. An existing personal or business bank account in the country where the applicant is applying for the merchant account.  The documentation that will be required while filing the application form and get the approval as soon as possible: Applicant’s form: This is typically provided by the bank or processor to get filled by the applicant that acts as the resume of the applicant whi...

There are many ways to obtain  Merchant Stronghold’s  account quickly. We have many services, applications, and pre-qualification which can make the whole process easy for you. You can easily find the best solution from a range of services. Most companies will charge money for each and every process, but we feature quick and free applications that can connect your business with customers. Our flexible payment gateway doesn’t take much time; it can be installed once merchant qualifies. It is common to set up a merchant account within a week or less. Everything depends on how quickly business owner provides information about the business. Keep in consideration that to provide the best merchant account, we need support from the applicant. If you want your account to function as soon as possible, you need to be prepared. All of the business documents should be available so that our experts can fast forward the application process. If you want to know the requiremen...

Merchant Account with Bank If you own a small business or a large enterprise, it is necessary to open a  merchant account  with a bank. This is because the merchant account can provide many benefits to the merchant and customers, both. Here are some benefits to use a merchant account for your transactions: Better Customer Experience – The Merchant Account offers flexibility in terms of payment to the customers. They can access your services and get the products anytime they want by simply making the quick payment. This can result in an increase in customers and their satisfaction as well. Increase in Sales – As mentioned in the above point that customer satisfaction leads to more customers. That helps your business to gain more loyal customers and increase sales. Furthermore, the merchant account handles and manages all the transactions without any issues and errors. Accepts a wide range of payment methods – Every Customer uses a different mode of pay...