An offshore merchant account, also known as an international merchant account or “off shore” merchant account (two words), is a payment processing option available to merchants with high risk business types, a history of chargebacks or fraud, or bad credit. Offshore credit card processing allows merchants who generally don’t qualify for traditional processing to take advantage of less stringent approval standards overseas. While offshore merchant services can be a solution for businesses without any other viable options, they also carry a fair amount of risk. You can find more information about the advantages and drawbacks of offshore merchant accounts here.
To help you find a quality provider, we have put together a list of the top five best offshore credit card processors below. These offshore merchant services providers provide international credit card processing for high risk business types. Most of these businesses are geared toward high risk e-commerce businesses, and merchants should therefore expect to see higher rates than they would pay with traditional credit card processing. As always, the best way to ensure that you get a good deal is to contact multiple companies on this list to compare rates and products.