The Advantages of Offshore Payment Gateways for High-Risk Businesses
Offshore payment gateways allow high-risk merchants to pay reduced processing costs with flexible underwriting and international markets that are often denied by incumbent banks. Offshore processors like PayGistix, CCBill, and 2Checkout are experienced in high-risk areas such as gambling, adult products, and nutraceuticals, which means they can expect good approval rates for and perform multi-currency settlements from their partner banks. Instant approval of merchant accounts is a special feature here, ruling out the long due diligence process that banks in the United States or EU would have imposed. In addition, offshore payment processors offer reduced tax burdens, avoidance of strict regulations, and operations in jurisdictions where chargebacks are favored.
Key Considerations When Selecting an Offshore Gateway
The evaluation of any offshore gateways being considered should extend to its reputation, compliance attributes, and payout certainty. Opt for providers backed by solid anti-fraud protection (3DS, AVS, and PSD2 compliant) to eliminate transaction rejection. White labels suit brand unity while virtual terminal supports mail-order and phone-order transactions. Ensure the provider has support for SWIFT, SEPA, and cryptocurrency payouts if marketing to global clients. And most importantly, check the hidden fees, rolling reserves, and contract lock-ins before engaging an offshore processor.
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