Thread: Multi Currency Offshore Merchant Accounts

This week we're looking at offshore merchant accounts and why you might want to use one. Yesterday we covered [URL="http://www.merchantaccounttalk.com/offshore-merchant-accounts-gateways/67-offshore-merchant-account-introduction.html#post360"]the basics[/URL], today we're looking at some of the most popular offshore merchant account providers.

Many people wanting to use offshore merchant accounts is concerned about the currencies that they will be able to accept. Most of these offshore accounts however can accept payments in multiple currencies including dollars, pounds sterling and euros.

As merchant accounts are essential for your business to survive it's vital that you choose the right one. These payment processors will processes all of your payments using credit cards. If you have customers from all around the world then you will need to find a merchant account which accepts payments in their own currency.

Why Accept Different Currencies

Although the Internet is international people still like paying in their own currency. There are a few good reasons for this, first they know how much the currency is really worth. It's also sometimes expensive for your customers to use another currency because they will need to pay commission and exchange rate fees.

Popular Offshore Merchant Accounts

There are a number of different offshore merchant accounts that people might want to consider using. Spend time comparing each of these so that you can decide which one's best for you.

AIB

AIB is a well known international banking account which offers a number of offshore banking products including merchant accounts. Will be able to accept payments in US Dollars, Pounds Sterling and Euros. Allows you to process phone payments which is very convenient.

ChrononPay

This is another great offshore merchant account which provides multi-currencies. ChronoPay can provide you with software to screen your customers and offers advice on risk management. If you do run into trouble then 24/7 technical support will be helpful.

StradaFee

StradaFee is another well respected offshore merchant account. They specialize in providing accounts to customers considered as a high risk. Accepts Euros, dollars and Pounds sterling. This is a flexible provider who can help you to choose the ideal plan for your business.

HSBC

HSBC - The Worlds Local Bank is another well known offshore merchant account. HSBC operates in lots of countries all round the world. They allow you to accept payments in lots of currencies including dollars and euros.

Barclays

Barclays is a European offshore merchant account. This is a well known and safe merchant account provider. They provide multiple currencies and also do special deals on any international transfers and payments. An online system can be used to access your account and make transfers.

Panama Wholesale Offshore Services

While not as competitive as many offshore European merchant accounts Panama might be worth considering. They accept all of the major credit cards and can accept any currency.

Instabill

Instabill is an international merchant account which can accept US Dollars, Canadian Dollars and Euros. This is a great way to expand your business internationally.

World Pay

World Pay is a popular merchant account provider which is owned by the Royal Bank of Scotland which is based in the UK. As this was one of the first merchant accounts in the world they accept all of the major currencies including Pounds, Dollars and Yen. Different currencies can be added onto your account for a one off fee which allows you to accept whichever currencies you want without worrying about the commission.

Check back tomorrow for some more interesting information about Offshore merchant accounts and how they can help your business.

An offshore merchant account is a facility that allows merchants to accept credit card transactions from their online customers. In this regular merchant account, our bank acts as the essential in collecting our funds and depositing them into your account.

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