Is there such a thing as a low cost offshore merchant account?

have read about that offshore merchant accounts have absurd rates, is that a true?

Public Comments

1. my friend works for an offshore "market maker" company im sure if anyone knows its him! I can ask him for you if you want or i can put you in contact with him.
2. Offshore merchant accounts do tend to run much higher than in the states. In the states where you can hope for a 1.79 percent, you will get close to a 4% - 6% offshore all depending on what kind of business you do. The high risk off shore accounts will be closer to 6, while low risk will be closer to 4. Our company deals with off shore accounts and we have many satisfied customers, regardless of the rates visa/mastercard sets. You can email us at sales@firstbankcardprocessing. com and we can help you out. Hope to hear from you, good luck with your company.
3. Good news! As a matter of fact, there is a low cost offshore merchant account that exists. There is a degree of truthfulness that offshore merchant accounts have higher rates than local banks. This is because local banks have a vast competition so they go low as they can to stay on the game. Offshore banks have a bit higher fees but your tax reduction opportunities are endless. Plus, an offshore merchant account has many benefits which in the end will let you save a lot. Is that low cost or not?
4. I don't know if this is across the board in all offshore jurisdictions but here is some info I found on Panama offshore merchant accounts. It mentions a rate, that I found elsewhere also so I think it is the going rate. http://www.offshorelegal.org/offshore-banking/panama-offshore-banking/panama-offshore-merchant-account.html Also there is a scam that is going on. You must read this before going for a cheaper offshore merchant account. You can read about it here: http://www.offshorelegal.org/offshore-banking/panama-offshore-banking/the-offshore-merchant-account-scam.html