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Showing posts from May, 2016

A Clear Picture of Online Merchant Account Services

Making payments through credit cards is something third-party merchant accounts provide. Though these customized accounts are not exactly like real merchant accounts they do serve the merchant the same way. Before starting with third-party services, it is important to understand the way they work. You must know that though you are the one who owns the services and products when it comes to selling, it is the third party doing it. In other words, you act as a supplier and drop shipper. Third-party account Vs regular merchant account ·          The first difference between the two is that here, i.e. in a third party, funds are processed via a large bank account followed by discretion to the individual merchants. Clearing and settling transactions this way escapes the rules designed by federal & state bank regulations besides MasterCard and Visa. These reasons put such accounts into challenging situations from state banking regulators. ·          Second difference is th

Offshore Merchant Account: Why Your Business Need it?

Credit card payments have improved the prominence of many online businesses. If you have an eCommerce site, it will certainly do the same for you too. But then you will require to make certain that the offshore merchant account system you select is protected and secured for any kind of payment transfers. Getting an offshore merchant account would be a prudent thing to do. There are offshore merchant account providers in the market these days who can assist you with this. A business may not be able to run without having a merchant account as it allows the business owners to hassle-free credit card transactions. An offshore merchant account allows you to get away from paying high taxes. It gives you the chance for international trading, whereby offering multicurrency accounts.  Moreover, it also improves the potential of the company. By having installed, you can anticipate acquiring higher sales every month. Also, it decreases the tax liabilities of your business. With this, you