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What Makes Offshore Account Highly Preferred By Ecommerce Merchants

The domestic accounts and the offshore accounts are two completely different accounts with different ways of setting up and with different requirements. However, we see that the modern day merchants prefer choosing the offshore merchant account because of a few basic advantages. Here are a few of them:
•Hassle Free Procedure: The offshore account is easily available with no strict guidelines. In addition, there is no initial deposit. It is the best option for all types of ecommerce businesses.
•Zero or Low Taxes: The offshore accounts do not follow the regulations of a particular country, thus there are zero or no taxes applied.
•Wide Choice: There are thousands of offshore banks and the merchants have a wide choice to choose from among them. In fact, the account providers can help out the people to choose the right accounts.
•High security: The offshore merchant accounts are safe and highly secured. High technology is used to keep them secure.
•Payment Gateway: With the offshore account, it is possible to process the payment at any time of the day with the merchant account payment gateway open all the time.
•Quick Payment: The credit card processing takes simply no time. This makes the payment processing step rapid and much quicker. Even if the offshore bank is far away, that does not matter; the payment processing is done in few seconds.
•International market: The offshore merchant account targets the international market, thus it helps gain customers from all round the world. This increases the sales and hence, the profits.
•High Compatibility with Various Shopping Carts: The offshore accounts are setup to work with various shopping carts.
Thus, it is the fact that offshore merchant accounts are practical, and they are ease to use, which makes them highly popular. These accounts do not actually differ from the domestic accounts in terms of credit card processing, but because of some conditions and easy solutions, the offshore merchant account seems to be a better option.

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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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