International Merchant Accounts
Offshore Credit Card Processing
If you are located outside of the United States and would like to accept credit cards at your country, MagicPay offers credit card processing and other merchant services for international merchants. We specialize in hard to board (also called high risk) merchant accounts. We offer payment processing solutions to a variety of industries anywhere in the world! The same platforms are available for international merchants, including online payments (for e-commerce merchants), mobile payments (for on the go businesses) and other retail solutions. Stop limiting your business and start increasing sales and customer confidence by offering credit cards as a form of payment!
Domestic VS. Offshore Merchant Account
A domestic merchant account is a one that a bank in the United States is providing the settlement services for the transactions. Domestic merchant account funding times are pretty quick (anywhere from 1-3 business days) and rates are relatively lower than offshore accounts. Offshore merchant account means that a foreign bank (outside of the United States) is responsible for settlements of transactions. Advantages of offshore accounts are the ability to accept payments in multiple currencies and increase your clientele base.
Benefits of a MagicPay International Merchant Account
- Accept Payments in Multiple Currencies
- 24/7 Customer Service and Support
- Process Payments Anywhere (Online, On-The-Go or Retail)
- Competitive Rates
- 100% PCI Compliant
- Compatible With Any Existing Credit Card Terminal
Pricing for Offshore Account
As the interchange may vary between country to country and industry to industry, all offshore account have a monthly fee of $20 to $50 and a 6 months rolling reserve of 10% from processing.