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"Offshore merchant account is basically set up to enable a commercial business that accept credit card payments online. This businesses require the services of an offshore merchant account provider that would accept this payments on their behalf and then send in payments into their local bank account, also be aware that this merchants charge heavily for their services."

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Does offshore merchant accounts raise suspicion?

These type of accounts can raise suspicion. Many offshore merchant accounts are not completely legitimate. The companies behind them will bilk clients of of thousands of dollars but claim they have real reasons for withholding the money they collected.


What is the purpose of an offshore merchant account?

"An offshore merchant account is an account that allows the owner to accept credit card payments through a bank not located in the merchant's country. Generally, a merchant would start and offshore account to reduce their tax liability."


How can one compare merchant accounts?

Merchant accounts can be compared on websites like 2013 Best Merchant Services Reviews and comparisons. The top three merchant accounts are Flagship Merchant Services, Merchant Warehouse, and National Bankcard.


Do all PayPal accounts have a merchant id?

No, all PayPal accounts do not have a merchant ID.


Where can you obtain internet merchant accounts?

Paypal is an internet merchant account. You can also obtain internet merchant accounts through The Transaction Group, Merchant Group, and Merchant Plus.


Where can one find information on acquiring offshore merchant accounts?

One can find online a website called info where high risk management accounts of merchants can be found. One may also want to read financial reviews on this subject.


Where do I go to find information on merchant accounts?

"Advanced Merchant Services" (AMS)can provide you with information on merchant accounts. Here is a URL to the Merchant Accounts "Basics" page of their website: http://www.merchant-accounts.com/merchant_account_basics.htm


Where can one find merchant accounts online?

One can find merchant accounts by visiting several different websites. Some examples of websites who offer merchant accounts are: SagePay, WorldPay, Paypal and GoDaddy.


Are merchant accounts subject to changing rates?

Yes, all merchant accounts are subject to changing rates. The rates that are charged are government dictated so the merchant accounts are not considered legal if they don't have the proper rates.


Are HSBC offshore banking accounts legal?

Offshore banking accounts offered by HSBC are legal when used for legitimate purposes and comply with relevant regulations and reporting requirements. It is important for individuals to understand and comply with tax laws in their own country when setting up offshore accounts.


Does Ibc Bank have a merchant account?

What do You Mean? If they Offer Merchant account or if they use a merchant account. Yes, they offer different merchant accounts, they are based on what the merchant needs. All accounts offer different services for different needs.


Where can one find more information about adult merchant accounts?

Merchant accounts or business account information can be found online from many financial institution websites. However, discussing adult merchant accounts is not appropriate for all ages.