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Online Pharmacy Business and International Merchant Account

If you operate an online pharmacy business and want to generate more sales, you need to expand it globally. This task will be undoable until you open an international pharmacy merchant account.

International or offshore merchant accounts have all necessary tools to make international trading easier, as well as more successful. Such accounts are provided by credit card processing companies located in a foreign country. Offshore merchant accounts are not tied to tax rules of your native country and thus offer more tax benefits. By opening an international pharmacy merchant account, you will get an opportunity to generate international sales, as this type of account enables to accept various types of currencies

International merchant accounts have become extremely popular among modern merchants. To start processing credit card payments a merchant can open his/her own account or use a third-party account, which is opened by another person. If you are a novice in the ecommerce pharmacy business, it is better opting for a third party account. No matter which variant you choose, opening pharmacy merchant account is a necessity if you want to run a prosperous business.

A professional credit card processing company will provide reliable protection of money transactions and thus will help minimize loses which may occur due to disputed transactions and charge-backs. In addition, you can specify a currency in which transactions are to be settled, and all foreign currencies will be automatically converted into the specified one.

Offshore merchant accounts offer their holders numerous benefits. The main of them are: fraud protection, secure getaway, 24/7 customer and technical support, real-time transaction processing, daily reporting of processed transactions, acceptance of multiple currencies and major credit cards, weekly payouts and many more. On the top of that, offshore merchant accounts are quite easy to set up, they are available for high-risk business and do not have any sales volume restrictions.

Offshore merchant counts imply high fees, which is the main disadvantage of this type of accounts. Though credit card accounts are not cheap, they are easy to set up and operate. The competition on this market is rather tough and thus by doing some research, you will find a credit card processing company, which will satisfy you budget, as well as business requirements.

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Industry typeRatesIndustry typeRates
E-commercefrom 4%Nutra/Herbalsfrom 6.5%
Adultfrom 6%Forexfrom 4%
File sharing systemsfrom 10%Datingfrom 6%
Gambling from 4.5%Pharmacyfrom 8%
IT Supportfrom 10%Debt collectionfrom 7%
Travel MOTOfrom 6.5%E-cigaretesfrom 6.5%
Replica clothesfrom 8%Debt repairfrom 8%

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