OFFSHORE MERCHANT ACCOUNT AND INSTABILL

It is becoming increasingly difficult for high risk merchants and businesses such as online gambling/sports wagering, e-wallet/e-cash, adult entertainment, online cigarette/tobacco, replica products, travel and online pharmacies to set up merchant accounts in USA, UK and other western countries. This is due to complicated legalities and tough tax requirements within these countries. Instabill does not see these businesses as being high risk since many of these company’s shares are traded on various stock exchanges around the world. We are therefore happy to facilitate the right offshore merchant account for each internet based business.

Strictly speaking internet merchant accounts are trading accounts for online businesses created by the merchant’s local bank that allows the merchant to accept payment online. This payment is usually in the form of a credit card. An ‘offshore’ merchant account is an internet trading account set up in a country other than your own.

These offshore merchant accounts are used by those companies that are looking for benefits and opportunities but are unable to achieve them within their own country. Strange but true. These benefits largely come in the form of greater volume capacity. Now as you probably know that many US and UK based banks have put a cap on the processing volume that an internet merchant can process. Thus greatly hindering their growth volume. Not fair! I hear you protest. We couldn’t agree with you more. To illustrate this point further let’s take a hypothetical scenario. If an internet merchant is expecting to process  $ 250,000 per month but his/her local bank is only allowing $ 50,000 to process p/m, then it is prudent and necessary for the merchant to find a bank that will allow a higher processing capacity. Such banks are found ‘offshore’ (outside your country) with a flexibility that is sorely missing in the local banks.

Besides offering higher processing capacity, the opening of an offshore merchant account offers you many great benefits and growth opportunities. Some of these are:

• Lower-tax rates
• Greater processing volume
• Better payout terms and conditions
• Additional credit cards
• Faster application approval times
• Willingness of offshore banks to process payments especially for high risk businesses

The query that naturally arises is which company would be a good and reliable offshore merchant account provider. This is where Instabill comes into the picture. Instabill was established in 2001 to facilitate high risk internet merchant accounts for ecommerce businesses worldwide. High risk merchants are of greater interest to us since their monthly sales volumes are typically 10-100 times more than that of a regular ecommerce shop. Instabill has partnered with established merchant acquiring banks across different continents of the world. They include Europe, Asia, North and Central America.

Instabill’s USPs (Unique Selling Propositions)

Here is an overview of some of the most important reasons to use Instabill for payment processing solutions:

• We work with merchants worldwide that include both existing merchants and start-up merchants
• Instabill has established acquiring relationships with over 10 banks worldwide
• We offer multi-currency processing
• Instabill has both 3rd party account and offshore merchant account available
• Our payment processing application is simple
• Our pre-approval for an offshore merchant account is fast
• Instabill places merchants in accounts that best suits their needs
• We make available two types of secure internet payments - SSL and 3D Secure
• Virtual Terminal capability is offered in order to process your transactions
• Insurance for those merchants who are shipping products
• Instabill offers ACH with certain solutions
• We have a wide range of solutions for e-commerce, pharmacy, adult, replica and gaming merchants through our multiple banking partners worldwide

Back to Category