Image of QuadraPay's offshore payment processing services for companies located in the United States.

Offshore Merchant Processing

Low offshore credit card processing fees

With QuadraPay, you can enjoy high-quality transaction processing at reasonable pricing. Save more while you accept credit card payments at low rates.

Zero compromise between quality and security

We always consider transaction security to be our No. 1 priority, and thus all of our offshore acquiring partners comply with the latest standards.

High-quality offshore payment processing network

Experience the power of QuadraPay's extensive network of grade A merchant processors. We offer excellent transaction approvals.

High-approval offshore merchant account

QuadraPay offers high approval rates for offshore merchant accounts. Domestic merchants can get started with online credit card processing in a very short time.

QuadraPay offers affordable offshore merchant processing.

Are you searching for an offshore merchant account for your US business? Then you have come to the right website. QuadraPay is well-known in the industry for providing cost-effective offshore merchant processing. Our offshore payment gateway solutions enable businesses to accept online credit card transactions. With our offshore merchant account, American businesses can accept payments from customers in over 100 countries.

What is an offshore merchant account?

An offshore merchant account is a credit card processing account where the acquiring bank is located in a different country from where the merchant is registered. Typically, high-risk merchants who work with domestic banks use this kind of structure. These merchants benefit the most from offshore merchant processing, as these accounts give them hope of getting back into business.

Key features that our Offshore Merchant Processing Solution Offers.

Fast Setup: We understand that you may have already tried your application with multiple domestic banks; however, most of the applications may have been declined. That is why you are coming to QuadraPay to find an offshore payment gateway. This is the key reason we understand that it is extremely important for us to serve you quickly. Yes, we offer a fast setup of offshore merchant accounts.

Quick Integration: Top-of-the-line payment processors and acquiring banks that provide simple-to-integrate APIs power all of our offshore merchant processing solutions. Along with this, they also offer ready-to-use plugins that you can immediately set up on your website.

Low Rates: We understand that every penny counts when you run a business, and that is why we believe in offering extremely affordable pricing to our US merchants when they apply for offshore merchant accounts.

Multiple Payment Channels: With our offshore merchant processing solution, you get access to accept payments on your website, mobile app, and also over the virtual terminal. Now is the time for you to not miss any transactions for your global business.

Massive Network of Partner Processors: Since 2016, we have been assisting American businesses in finding offshore payment gateways. We can do this as we have one of the largest networks of partner providers who are comfortable evaluating applications from American businesses when they want to apply for an offshore merchant account.

Multi-Currency Payment Solution: No merchant wants to settle for a single currency when it comes to accepting transactions on the website. We know that you want your customers to have the flexibility to make payments in local currencies, and this is why we offer you a multi-currency offshore payment solution. Now you can accept payments from your customers in over 100 currencies.

KYC Documents Needed for the Offshore Merchant Processing Account

One key reason that determines the high success rate of any application for an offshore merchant account is the willingness of the merchant to send all the required documents for evaluation. We assure you that if you send us all the documents that we request, then there is a very high possibility of approval. Let’s look at the documents that are needed to apply for an offshore merchant processing account.

A complete merchant account application: This merchant account application needs to be fully filled out by the business owner. The merchant account application form gives a clear picture of how the company is incorporated, where it is incorporated, and how much volume it can expect when it comes to credit card processing. It also gives a clear understanding of how many people are involved in the business and their nationality. The merchant application form provides a clear overview of your business.

Business registration documents: incorporation certificate, articles of association, proof of company address, and company operating agreement.

Identification Documents for Significant Persons in the Company (Shareholder/Director): It is important for every acquiring partner to ensure that they maintain a record of the identification documents of all the ultimate beneficiaries and business owners of the merchant company. This is why they require a passport or a tax ID. Basically, they will need the tax ID or passport of all the partners that have over 20% ownership in the company (one ID per person).

Settlement bank account details: The offshore merchant processor will also require details about the settlement bank account. You can provide a letter from your bank that confirms your business bank account details. It must include the bank account number as well as the routing number or SWIFT code.

Business registration details: Depending on the nation of your business registration and the requirements of the processor, they may ask you for your business tax identification number, VAT number, or EIN.

Proof of domain ownership: This can be a screenshot of the dashboard of a domain register that clearly displays your domain name and your account. We suggest you send the payment receipt or the invoice for the domain purchase for this purpose.

Chargeback protection services agreement: Merchant account providers love those merchants who really want to keep the chargeback ratio very low. For that, many merchants use chargeback protection services. If you have any of those agreements in place, you should provide a copy of those agreements.

Customer service agreement: If a different company handles your customer service, the merchant account provider will also need a copy of the agreement.

Fulfillment agreement: If you use the services of a fulfillment company to fulfill the orders, then you will need to submit the fulfillment agreement as well.

Licenses for specific industries: For industries that require specific licenses, namely gaming, casino, online betting, CBD oil, adult, and pharmacy, you must provide copies of these licenses and product specifications to the merchant account provider. Some of the most common licenses and certificates include lab certificates for CBD oil and hemp products, gambling licenses, IATA for aviation, HIPAA, and LegitScript.

The Process of Obtaining an Offshore Merchant Account With QuadraPay

At Quadrapay, we make the process of getting an offshore merchant account extremely easy. Since we are experienced in domestic as well as offshore merchant accounts, we can understand the additional requirements easily.

The process starts with the basic inquiry you place on our website. Our team will get in touch with you and ask for additional information and documents. We will create a complete profile of yours and forward it to our offshore acquiring partner. Once we get any feedback from the acquiring partner about your offshore merchant account, we will immediately inform you about the development. If any additional documents are required, we request that you provide them. Once this process is complete and you get a yes from the offshore acquiring bank, you will receive the contract for your offshore merchant account.

After you sign the contract, you will receive details about the integration process. We will be more than happy to assist you with the integration if you have any questions; however, we expect you to have your technical team effectively implement the gateway integration on your website. Once the integration is done, you can start transacting. We strongly suggest you initially perform test transactions using some test cards. After the success of the tests, you can switch the gateway to live mode and start accepting real transactions.

Tips for Successful Offshore Merchant Processing

Although you may no longer need these tips because you are actually at the right place when it comes to finding a solution for an offshore merchant account, we are still providing you with these amazing tips that will help you find the right processor to support your business’s growth.

The reputation of the processing company is important. Make sure that the offshore merchant account provider is well-known and has a good reputation in the country where it is registered. However, please keep in mind that it is quite normal to find negative reviews of large companies because no company can keep every customer happy. Some of these reviews may be from competitors as well, but you need to use your judgment to see if you’re comfortable working with the merchant account provider.

Evaluate the Offerings: Once you are comfortable with the reputation, look at the offerings. See whether the merchant account provider is offering you a cost-effective solution. If offshore merchant processing is too expensive, you may not be able to sustain your business because every penny counts.

Negotiate Pricing: Try to negotiate with your payment service provider and see if you can push them to give you a discount on what they have already offered you. Based on our experience, negotiation actually works on almost every merchant processing agreement. There’s no harm in trying, and we encourage you to do that.

Review the merchant account contract in detail: Once you are sure about the pricing, it’s time for you to look at the merchant account contract in detail. Check the agreement and understand the penalties: is there any early termination fee, what is the minimum payout, and how do they plan to make settlements with you? Understand what responsibilities they are putting on your shoulders and what responsibilities they are taking on.

Make an Informed Decision: Once you are absolutely comfortable with all the above, it’s time for you to say yes to the agreement, and you will not regret it. But don’t worry; we are here to assist you. QuadraPay is your one-and-only partner when it comes to offshore payment processing. Hit the apply now button and contact us today. We assure you that we will contact you back within 24 hours and let you know about the available options.

FAQ: Offshore Merchant Processing

What Industries Might Require an Offshore High-Risk Merchant Account?

Industries with legal or regulatory challenges, such as online gambling, CBD oil, hemp, adult cam sites, forex, online dating, casinos, betting, fantasy sports, pharmacy, peptides, nutraceuticals, bad credit, credit repair, and debt collections, mostly need an offshore merchant account.

Where Can Businesses Incorporate With QuadraPay For Offshore Merchant Accounts?

QuadraPay can assist businesses in incorporating in locations such as Aruba, Bahamas, Belize, BVI, Costa Rica, Curacao, Cyprus, Gibraltar, Hong Kong, the Isle of Man, Liechtenstein, Luxembourg, Macau, Malta, Mauritius, Nevis, Panama, the Seychelles, St. Kitts, Switzerland, and the UK.

Is there such a thing as a free offshore merchant account?

No, a genuinely free offshore merchant account does not exist. While some merchant account providers may advertise it as ‘free’ to grab attention, they typically mean there is no application cost. This approach is used to enhance visibility, given the significant search volume for the term ‘free merchant account’ on Google.

Is good credit necessary to apply for an offshore merchant account?

No, good credit is not always necessary to get approved for an offshore merchant account. Offshore banks generally focus on the strength of the business rather than the merchant’s personal credit or financial standing. They may require you to share your business bank statement for the last 6 months to review your company’s financial standing. Sometimes they may also ask for personal bank statements.

Why do American businesses need Offshore payment processing?

Offshore payment processing becomes essential for U.S. businesses facing rejections from local banks. Most U.S. banks prefer to work only with regular or low-risk merchants. Some may be interested only in working with merchants with a good credit score. Another reason is that, many times, due to the desperation of merchants to get a merchant account, they send applications to various providers, thinking it will improve their chances. These providers send the applications to a few selected banks that offer card processing. This creates a negative impression about the merchants, and banks feel that the merchant is desperate, so they may decline the application.

How Can Offshore Payment Processing Help Businesses Rejected by U.S. Banks?

Offshore payment processing is a crucial solution for businesses facing rejections. It ensures smooth transactions, high security, and quick cash flow to the business bank account. The benefits also include different legal regulations, potential flexibility, and industry evaluation, seen differently from the U.S. With an offshore merchant account, businesses can explore new markets. For instance, U.S. e-commerce merchants can register in Europe, expanding their reach.

Large companies with operations in multiple nations find offshore payment processing beneficial. Getting a credit card solution from a local bank where these companies operate helps avoid currency fluctuations and reduces unnecessary fees. We are all aware that international banking can be costly. Moreover, countries like Ireland, Gibraltar, or Malta offer a low tax structure. Proper management of these options can lead to significant tax savings for merchants.

What Is A Common Obstacle For E-Commerce Merchants When Setting Up An Offshore Merchant Account?

The main obstacle is often the requirement to register the company offshore, which involves costs, waiting time, and potential tax implications. However, QuadraPay is always ready to assist you. We have partners that can help you easily set up a company and bank accounts in various offshore locations. Once you have these two in place, getting an offshore merchant account becomes super easy.

How Offshore Merchant Account Terms Can Differ From Domestic

An offshore merchant account may have different registration requirements. This means that the merchant account provider may ask you to register a company in the region of operations of the provider. If a processor is approved for global operations, then they can certainly onboard merchants from various regions. However, if that’s not the case, they may be restricted to registering merchants only from their approved region.

Let’s take an example of a payment service provider approved to operate in the Asia-Pacific region. Even if they wish to, they will not be able to onboard a merchant registered as a business in the USA only. However, if the merchant has a company with a bank account and a physical presence or some sort of office in Asia, it might be possible for the payment service provider to approve the merchant.

Currency Restrictions. Depending on the guidelines of the central bank of the country where your merchant account processor will be located, there may be restrictions that apply to the settlement currency as well as the processing currency.

Most of our partner providers offer 24/7 support; however, some may not be able to provide this kind of round-the-clock support. So, it is important for you to understand that if you apply with an offshore merchant account processor, there may be a possibility that the merchant support might be limited as they are located in a different time zone.

Since the merchant account provider is located at an offshore location, the agreement that you will sign will be subject to the jurisdiction where the processor is registered. This means that any legal issues that arise between you and the processor may be required to be settled in the processor’s home country.

While some products may be prohibited in a few countries, they may be legal in offshore locations. However, there may be additional requirements that a merchant must follow. These may include modifying the terms and conditions of the website or adding a disclaimer to the website. You must comply with the recommendations of the payment processor.

Sometimes, an offshore merchant account processor may include a clause in the agreement that requires any notices to be sent in writing to the address of the provider. You must keep this in mind and see if it will be possible for you to send regular paper letters for notice, if needed, to an offshore location. However, please keep in mind that nowadays, sending an email may be an acceptable alternative if it is mentioned in the agreement.

Some processors, especially for specific businesses, may require the merchant to use a local data center. This is becoming more common as most countries want to retain data in their geographical areas. It would be helpful if you checked the agreement to see if there are any conditions like this.

The merchant dashboard allows you to look at all the transactions, as well as refunds and chargebacks. It also enables you to look at possible sales projections. However, if the language of the merchant account panel is not something you understand, it can be a significant problem for you. Ask your payment service provider if they are okay with providing you with details of the languages available on the merchant interface.

Contact QuadraPay for offshore credit card processing today.

Keep in mind that the success of an offshore processing account depends significantly on carefully scrutinizing the intricacies of the offerings by the offshore merchant provider. You alone may not be able to evaluate all the essential factors, and it’s time for you to choose QuadraPay as your dedicated partner. By doing so, you ensure that you’re securing a favorable deal for your offshore payment processing account. Together, we will navigate the way with full transparency and provide a cost-effective payment solution for you. QuadraPay is 100% ready to be your partner today, and we are eagerly awaiting your contact. Contact us now!

Grow your business with super-inexpensive offshore credit card processing now.

QuadraPay offers multiple offshore credit card processing solutions for high-risk domestic US merchants. It's time for you to benefit from low-cost offshore credit card processing. Fearlessly compete with other companies in the e-commerce game with offshore merchant accounts.

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