Offshore Credit Card Merchant Programs
How to become an Offshore Merchant - from Euro 500
YES We Accept Credit Cards! Those few words can add thousands per month in profits to your business!
Thank you for your interest in our online payment standard package, please see below for details:
Setting up an offshore corporation is all very well - but what if a mere symbolic coat hanger joint in a tax shelter jurisdiction isn't enough? What if you want to actually make money offshore? After all, not everyone is able and willing to live off saved taxes and assets' interest alone. Unbelievable, but some Privacy seekers still have to work for a living - preferably in a PT tax-free Dorado!
However as in every business, you will also want a corporate infrastructure and some usable logistical tools to go with it. Here's what we recommend and that you get:
- a bona fide tax-free offshore bearer share corporation
in your chosen name
- a corporate bank account with internet banking, an ATM card (not in Panama.)
- a functional mail & fax forwarding service
- One of several reliable offshore merchant providers, (essential for mail order business)
Offshore Merchant Program:
THE STEP-BY-STEP MECHANICS OF SIGNING UP FOR YOUR"OFFSHORE CREDIT CARD VENDOR STATUS"
The first step is to apply for the Merchant status. This can be made by writing us a free format e-mail stating the name of the applicant and the contact e-mail. Contact Us.
Procedures and fees
The below information is for most web sites. This is the same merchant provider who processes our credit cards charges!
Fees and Rates ranges by industry, merchant, and history of the account:
Online Payment Standard Package:
Currencies: USD/ GBP/ Euro/ HKD (All inclusive)
Setup Fee: HKD 1200
Annual Fee: HKD 3300 (Collect Yearly)
Transaction rate: 3.6 %
Rolling reserve: TBC
Settlement Period: Every 2 weeks
Settlement Currency: HKD
i.e. Transaction between 1/1 - 1/15 will be received on 2/16
Transaction between 1/16 - 1/31 will be received on 3/1 and etc...
Card Acceptance List as follow:
° Visa Purchasing
° Visa Debit (Delta)
° Visa Electron
° International Maestro (via 3D secure processing only)
For GBP processing we also accept the following debit cards:
° UK Domestic Maestro (Switch)
This is a reference price only and can be adjust depends on your application either a better deal or with further requirements.
Any merchant accounts will need to fill out:
Merchant Application (If you can't answer a question, please leave it blank)
Photo ID (Drivers License, Passport, etc)
Merchant History (No history please inform us, new business)
Our merchant group can process any merchant accounts, it will be easier to tell you what we can't take:
We code all Gaming sites.
FYI - We will not be the third party. You will have contact with the bank. That should be a plus!
Our introduction fee is Euro 500.
- Add Euro 3750
(includes a US$1,000 opening deposit,) for your own offshore company and offshore bank account in your chosen name. Note: it is the bank requirements all that merchant must have a company for this merchant account, otherwise bank will refuse service.
- For a functional mail forwarding service: add Euro 550 including Euro 50 postage forwarding deposit, first year and one time set up fees.
- Merchant will invoice you for approximately US$650 in setup fees, which you pay direct to them
To pay by Bank wire, Bitcoin, MoneyGram, MoneyBookers/Skrill or Western Union please proceed to and order at our secure web site order form Your order code is "Merchant Account."
Thank you for your business.
FAQ EXCERPT: EUROPEAN CREDIT CARD MERCHANT STATUS
Below is the method for you to integrate your site with our gateway:
Hosted Sales Page:
The hosted sales page is a branded payment page which source operates. The customer can be sent here from a payment link on your site and they can fill in all the details of their payment here and submit. Once the transaction is processed they will be directed back to your page through the Success_out and Failure_out URL's which you can set under Web site Management.
The hosted sales page can also be pre-populated with as little or as much of the user’s information as you like; you can collect all the user's information on your own site and pass it to our page so all they need to do is press submit, or you can send the bare minimum which is your merchant ID, product ID and the Amount of the transaction.
Once you've done this, you now have access to our source's world leading gateway software which is a safe, secure and user friendly system already integrated with their solid banking institutions.
Please take time to familiarize yourself with their software and reporting features.
TO RE-CAP on some of the features::
· Maximize your profitability through sophisticated fraud control tools which prevent charge backs and detect credit card fraud.
· Multi-currency processing flexibility with US, GBP, EURO, CND and others.
· Highly professional risk management experts.
· Comprehensive, customized transaction reports.
· Real-time access to online reports.
· Real-time access to wire reports so you can track your weekly payment.
· 24-hour support for all merchant needs.
Q: Which credit card companies are supported?
A: Currently: VISA and MASTERCARD/EUROCARD.
Q: How do I have clients' credit card data checked and how do I get a clearance number or card verification?
A: Forward credit card data to the bank direct via your web site and receive clearance from them and have your merchant account credited, that's all.
Q: Isn't this procedure a bit cumbersome for online credit card orders?
A: While you may accept online credit card orders on the Internet. It couldn't be faster or easier than that!
Q: Is there any blocking necessary on the merchant account to operate(they practice this in some banks)?
A: Maybe, this bank might typically insist on partial blockage for about 1-2 months. However, funds will be released at a certain rate per month during this span. This is the initial format - later, once a satisfactory business relationship has developed, new terms may be negotiated.
Q: Would I then be able to use this setup to pay directly into my own debit card account?
A: Yes, client would be debited, your account credited automatically.
Q: What currency would I have to charge my clients in?
A: Normally, charges will be converted to local currency, as those are the cc companies' international regulations. (In some countries this has to do with local currency restrictions as well, though not in this case.) However, when verifying cc order data, you may quote in US$, Euro, GBO, A$, CDN, etc. and the bank will convert automatically for you. If you keep your currency account in US$, you will, of course, be credited in dollars, as well as with other currencies.
Q: What do your fees cover exactly?
A: The Euro 750 is our introduction fee to our merchant source. This is the very same merchant source we use for our credit card charges, so we are placing our money where our mouth is at! In addition to our fee, once your merchant status is setup, all that remains is for you to remit a USD 300 for the visa merchant status direct to source. Source will give this information once you are accepted.
Q: I presume I could I be issued with a debit card on that account?
A: Yes this is possible. However with that said we would recommend that you obtain an offshore bank account, preferably a Panama bearer share company and company bank account for your maximum privacy befits.
Q: Can I use my debit card to pay for online orders as well?
A: If by "online orders" you mean setups featuring instant cc verification or approval, the answer is: unfortunately not as it is a ATM or debit card. if you require a credit card, let us know and we can arrange one for you at a discount cost if ordered at the same time you order this merchant account.
Q: Can't I get a regular credit card instead?
A: Yes of course. See above.
Q: Is it possible to use an existing trust domiciled in another country (e.g. Japan?) in lieu of the Panama Corp?
A: Sure, no problem. It won't get cheaper that way, because it's different documents that will have to be translated, notarised & legalized locally (i.e. not the usual standard fare), incurring greater overhead; but yes, existing corps and trusts can easily be employed. See our Offshore Merchant Program #3 above for the details. Please bear in mind that the issuing bank will need the ORIGINAL company or trust papers, as they cannot be notarised otherwise. Also, possible tax issues should be taken into consideration. A Panama Corp operating outside the USA with a European cc merchant setup & bank account, but operating outside the CC merchant bank's country as well, will not be subject to taxation in either Panama or the at site. This may or may not be the case with your Nippon trust in Japan proper. So if your Japanese trust structure offers the same advantages, go ahead. If not, you can always opt for the standard solution, as described in our program info.
Q: How about cc fraud issues? Who will pick up the tab?
A: The upshot of the matter is that the fraud risk will be the vendor's, not the bank's, not the cc Corp's. But then again, this is standard procedure internationally. Granted that this is not a very fair setup, but unfortunately it's a tight situation for any applicant anywhere in the world these days, and viable offshore venues are almost impossible to find or - if at all - unaffordable and not lucrative by any standard.
Q: What is their notification procedure on a charge back?
A: CC Corp notifies bank, bank notifies vendor. Generally, there's no way around it: in the end, the risk IS yours. But that's the same story practically everywhere in the world: insurance and security hype aside, what it boils down to is that you will have to arrange yourself with the cc Corp and/or the bank in some way or another. It is always advisable to let your customers send you a credit card authorization SIGNED IN WRITING - that will grant you considerable leeway in case of charge backs or fraud issues.
To get started order now from our secure online order form and pay by bank wire, Bitcoin, MoneyBookers/Skrill, MoneyGram, Western Union.
Thank you for your interest in our products and services.