Offshore Pharmacy Merchant Accounts

If you operate a web-based business and want to generate international sales, you need opening an offshore merchant account. Offshore pharmacy merchant account is a great tool for international trading. This type of Internet merchant account is provided by merchant solutions providers of a foreign country. The main advantage of offshore merchant accounts is that they are not tied to business regulations and tax rules of a merchant’s native country and thus offer more tax benefits. Offshore pharmacy merchant accounts are multi-currency accounts and thus allow online business to accept virtually all available currencies.

Offshore merchant accounts have become very popular among all ecommerce business owners. There are two ways to open an offshore pharmacy merchant account – you can either open your own account or use third-party account set up by another person. The first option offers greater profit and more tax benefits and is suitable for well-established businesses. If you are an online pharmacy merchant, you must have offshore merchant account to receive money for the products you sell.

If you want to expand your pharmacy business worldwide it is crucial to have offshore merchant account, as it enables to accept various currencies and automatically convert them without charging converting fee. It is also possible to specify a currency in which foreign currencies are to be converted. Offshore merchant services providers offer reliable fraud protection, which helps minimize losses in case of disputed transactions or charge-backs.

Offshore merchant accounts have numerous advantages, among which are secure payment getaway, real-time credit card processing, no sales volume restrictions, daily reporting on completed transactions, acceptance of various credit cards, daily/weekly payouts, 24/7 customer and technical support. Besides, online merchant accounts are very easy to get. On the top of that, online offshore merchant accounts are available even for high-risk merchants.

Probably the only disadvantage of offshore merchant accounts is their high fees. The set up fee, monthly discount and transaction fee are usually higher then charged by domestic credit card processing companies. Some merchant solutions providers may require a security in the form of a bank deposit. High fees should not keep you from opening an offshore pharmacy merchant account, as decent price comparison will help you find the most affordable offer.

Offshore merchant accounts are easy to set up and operate. There are a great number of credit card processing companies providing this type of online merchant account. The best place to search for such companies is the Internet.