https://www.varaluae.com/offshore-company-formation-dubai/merchant-accounts Merchant accounts allow business owners to accept payments from credit and debit cards via the internet and other gateways securely with low monthly pricing and fair terms for customers Merchant accounts: Multi-currency trading Merchant accounts (called MA’s) offer many more advantages than on-shore ones including allowing up to 2.5% in charge backs and 10% for refunds for retailers! Since they are run by offshore banks, these accounts do not have limitations or restrictions like registered onshore ones. With industry common features such as multi-currency accounts and tax benefits, MA’s can be owned by offshore corporations, and can help facilitate international trading. Merchant accounts: Flexibility This type of offshore bank account is a new addition to the offshore banking system and it allows you to trade 24 hours a day, 365 days a year in this virtual home. Since these accounts are tax-free, they allow offshore companies to offer products to clients for a small fee, much lower than competitors. ‘High risk’ businesses engaged in activities such as gaming, pharmaceuticals, telephone card sales, timeshare rentals, multilevel marketing, credit card repair, financial services and counseling are well suited to have merchant accounts and we can offer these technologies to you. Merchant accounts: Benefits Zero tax liability Privacy and security Buying and selling in currencies of your choice Zero restriction transactions (i.e. unlimited) Short setup time requiring maybe just one week International forgery and fraud protection coverage This can come with a high price tag and expensive terms starting with the initial set up costs, discount rates and transaction fees are sometimes higher in comparison to domestic banks. All you need to open one of these accounts is to own an offshore company. There are, however, exceptions with some offshore banks insisting on security in the form of either an up-front cash deposit or ongoing cash reserves. Apart from offshore banks, merchant accounts are also offered by certain international money service providers. You can also apply online to open an account after you have decided on a particular bank. Before opening this type of account, however, you need to check out their background services such as pricing, privacy, compliance and personal tax benefits. This can be a real gift for you. Financial Institutions address the need for these accounts With offshore banking becoming increasingly popular, many corporations need offshore e-commerce merchant accounts, and offshore destinations are going all out to provide their clients with this additional benefit. The Seychelles Banking is a good example of this. Tax friendly countries like the United Arab Emirates, Mauritius, the Seychelles and BVI posses secure integrated financial sectors.