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James Clarke | jamesclarke

Offer the Best Services with an Offshore High Risk Merchant Account

Jun 2nd 2014 at 10:49 PM

Do you have a business centered around an international location? If so, you are like tens of thousands of other companies offering services in the United States but with the money going offshore for any number of reasons. While these reasons make sense usually financially, you might find that you are not able to receive the same kind of access to other services your locally based business counterparts receive. One of the major differences is the banking element you have access to. As an offshore company, you are generally placed into what is known as a high risk merchant account. The high risk merchant account is going to reduce the kinds of banking services, ranging from loans to how you are able to accept payments from your customers. That is why you need to look for offshore high risk merchant account services. With the offshore high risk merchant account services, you are going to obtain the ability to receive these same kinds of services, all with similar benefits as what local companies are able to obtain.

Check Processing

Check processing can be difficult for many businesses, but if you have a company with financial aspects located offshore and overseas, it might take you days, if not weeks, before you find out whether or not the check you received is good or void. By the time you find this out the person can be long gone with your services, all while there is nothing you can do about it. Of course, you can always turn down the usage of checks as payments, but it is always a good idea to accept as many different forms of payments as possible. The more forms of payments you accept, the fewer the number of customers are going to look for services elsewhere based on your acceptable payment methods. With the ACH check processing, the offshore high risk merchant account services are able to significantly improve. These check processing services make it possible to identify the information on a check and receive word on whether or not the check is void or if the funds are available in the account within only a few minutes, if not sooner. Having this kind of speed available to you is going to drastically improve your chances of maintaining a viable business that does not lose money on fraudulent checks.

POS, short for point of sales, is the manor of which you receive payment and where you receive the payment. Basically, this is where your customer makes their payment. Initially, you are going to find most banks and credit unions turn you down based on your high risk status. However, the offshore high risk merchant account services ensure you are able to accept the point of sales method you desire. These methods range from the sales made in person to those over the Internet and even on the go with a mobile phone or tablet. Using these forms of payment acceptance ensures you always can accept customer payments.

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