What's an offshore payment gateway? And how does it help you? Do you want to manage your business with an offshore payment gateway? If your answer is yes, then we'll gladly help you out.
Offshore payment gateway is payment processing software to collect online payments globally. It has a high-risk payment processor that can securely transact online card payments.
The offshore payment gateway receives the transaction details, and it also takes those transactions details to the processor, so the payments get complete. With the help of a local payment gateway, you won't be able to transact high-volume transaction in local or international. Also, you won't be able to transact payments offshore.
Offshore payments include tax, transaction fees, and other types of fees applicable. So, local banks can't support you that much. This payment gateway has the support of foreign acquiring banks. And with the help of those banks, you'll get many benefits.
The transaction fee will be low, and transacting payment will become easier. With the help of this gateway, you'll see a tax reduction. It's just that you'll be able to contact foreign banks straightly. Also, you would be able to transact payments without any mediator to depend on.
Other than that, this payment gateway can provide you with security against online fraud and chargeback. So, you can think about how good it is.
What happens when you run a Offshore Business?
Several online issues surround offshore businesses. And when it comes to online transactions, you have no choice besides choosing a better way. As local banks can't help you grow your business just because you're a high-risk businessman, you can approach high-risk PSPs.
High-risk PSPs have the experience of working with high-risk online merchants. Also, when you're serving offshore consumers, you should focus on the quality of your services. Then you'll be able to satisfy consumers with the full potential of your products.
Online businesses are competitive, and they try to get forward and leave the others in the back by any means. That will sound like nagging too much, but that's the bitter truth. To get the best merchant services, you need to make sure that the PSP you're going to make a contract with must follow the convenience you want.
With the help of a reliable acquiring partner, they'll be able to provide you with such services faster. Now, let's find out the truth behind offshore payment gateway.
Why should trust an offshore payment gateway?
Offshore payment gateway offers several beneficial features to accept online payments locally, and internationally. With these features, you’ll be able to accept payment via various modes of payments. Some of them are – Debit card, credit card, direct debit, and digital wallets.
Acquiring banks
Acquiring banks are responsible for online transaction processing. And it is also accountable for card payments from all other card issuing companies. It receives payments on behalf of the merchant and keeps it safe until the settlement of all funds.
So, this payment gateway takes help from several foreign acquiring banks. These banks are chosen according to the business needs and the risk they (merchants) bear.
API
This payment gateway works with an API system, and API has the programming setup for properly functioning the payment gateway features. It helps the merchants interact with this gateway's features with ease to collect online payments faster.
The dashboard makes it easy for the merchants to keep track of their payments. Isn't that great?
Chargeback
A chargeback is an action taken by the cardholders if the product or service doesn't fit their taste or work. And sometimes, it is done by the banks. But the one who bears the loss is the merchants. If this happens occasionally, then it is meaningful.
But if it happens more than usual, then it creates doubts. That's because some consumers take it as a fun thing, and after using the products, they use it to retrieve the money they've spent. So for that, this merchant account has a chargeback management system, and it checks the chargeback reason code.
Chargeback Reason Code
You maybe be thinking about what this chargeback reason code does for merchants. Right? This code helps banks indicate the reason and the type of chargeback charged on merchants, and it helps to save merchants from any unwanted chargeback.
3D Secure Payment
To reduce online fraud, this payment gateway offers 3d secure payments. Whenever a consumer tries to make a payment, this feature sends an OTP, and when it confirms the operation, the transaction is processed further. This feature is developed to reduce the chance of online payment fraud.
Electronic Funds Transfer (EFT)
It transfers funds online with the features to process the transaction securely and faster. This payment gateway is agile and always on alert for any change. Due to its consumer-friendly features, it endures all the issues very conveniently.
Fraud Prevention System
Online frauds hinder the growth of any online firm. Several attempts by online fraudsters have been seen to cheat the consumers. So, for them, this high-risk payment gateway has the features of fraud prevention tools. These tools check every transaction for safety matters. And don't allow any fraudulent transaction to process further.
Smart Routing
This feature allows merchants to transact payments faster in a different way. It clears the course of a blocked transaction by transacting it through various channels and completing the process on time. Merchants won't have to worry about payment failure or issues related to payments.
Real-Time Reporting System
Now, there won’t be any unwanted crisis that creates issues for you and your consumers. This payment gateway has a real-time reporting system. It alerts the merchants for every single transaction. Also, it alerts merchants, whenever there’s the need of an immediate action to reduce loss. Feel free while transacting payments!
How eMerchantPro will help you?
eMerchantPro has been providing merchant services to various business sectors for a long time. Also, we're proficient in dealing with the high-risk situation. Nothing is there to be afraid of while working with us. Running an eCommerce website isn't easy, and we know that online websites make huge profits with millions of online consumers.
To provide them with a better consumer experience, we have:-
Customized merchant servicesYou can accept online payments fasterWe have the backing of several acquiring bankscollect payments online faster without any errorsreducing the tax charges in online paymentshelp in set up and integrating the payment gateway with your websiteyou will get approval for these merchant services fasterPCI DSS complianceMerchant based software interface.
With this gateway, if you get the support of a high-risk merchant account, then you'll be able to deliver the best payment services. Relations with foreign banks will help you to continuously grow more among other competing firms.
Our merchant support will clear you with any query related to payment processing at anytime. Certificate of PCI DSS level 1, makes us more reliable in the sense of security while we hold the cards of your consumers.
We take full responsibility for your online payments, and our contract is flexible. So when we see that you need some more resources to expand, we'll help you out.
Manage your business with an offshore payment gateway!
Offshore payment gateway is designed to provide you with the expected results. It helped a lot of offshore merchants in the past. Several high-risk merchants are demanding this kind of merchant services by their side.
The support of a high-risk merchant account will help you to receive these payments while keeping them safe until the settlement. That's because it is a customized merchant service for high-risk businesses online.
It has several unique features to bring comfort to consumers and merchants. Drop a mail to get your merchant services today!
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