Best for
High-risk merchants in need of payment processing services, including those that are located in the United States, Canada, and many other countries.
Specializes in
Offshore Merchants specializes in providing payment processing services to high-risk merchants located in several countries. This company can approve merchants that other ISOs will not.
Pricing Summary
Setup Fee: Unknown
Monthly Fee: Unknown
Swipe Rate: Unknown
Keyed-in Rate: Unknown
Early Termination Fee : Unknown
Contract Terms:
Offshore Merchants lists their address as Central Hong Kong on the company website.
This company works with high-risk merchants to allow them to accept payments through Internet and MOTO payments.
Offshore Merchants also provides payment processing services for retail merchants residing in Canada and the United States.
Offshore Merchants is a payment processing company that primarily works with merchants that are considered to be high-risk. They approve merchants with e-commerce sites and who take MOTO payments from their customers. Offshore Merchants also works with retail merchant customers that are located in Canada and the United States.
This company’s website does not have any in-depth information about company executives or sales personnel. Offshore Merchants lists its address as Central Hong Kong on its website.
Offshore Merchants manages all aspects of underwriting in-house to allow for quick approvals. Merchants receive effective risk management solutions to assist them in limiting their chargebacks. This company is well-known for working with high-risk merchants who have high-volume each month and have had their accounts closed with other merchant account providers as a result.
Offshore Merchants’ About Us page mentions that the company is comprised of senior executives who all have extensive experience in the payment industry.
Head Quarters
The Center 4571 99 Queen's Road, Central Hong Kong 8
Year Founded
Unknown
CEO
Unknown
Employees
Unknown
Merchant Provider Risk Tolerance
Will work with high risk businesses.
Keep much of their underwriting in-house so they can keep accounts open that might otherwise be frozen.
Accept all major payment types.
Lower rates for companies that have high volume without otherwise being high risk.
Daily payout to merchant customers.
Longer turnaround on merchant account approval.
Customer support is only available through email.
No reviews of any type to be found online.
Higher rates for high risk merchants.
No information regarding contracts.
Hardware & Software
Offshore Merchants offers virtual terminals for merchants to conduct business and accept payments online. Their e-commerce payment gateway is called Network Merchants.
API integration is available for integrating with merchants’ current POS systems and terminals.
Offshore Merchants also can provide free shopping carts through the QuickClick Shopping System, Network Merchants Electronic Check processing and payment processing for customers with recurring billing needs.
Offshore Merchants is able to work with high-risk merchants who require physical swipe terminals. The company can provide these services as well as the equipment the merchant needs to begin accepting payments.
Value Added Services
Offshore Merchants does not offer any additional value added services to its merchant customers. However, the company website does mention extensive data security and fraud prevention measures.
Supported Payment Types & Services
Offshore Merchants allows merchants to accept many different types of payments, including:
Mastercard and Visa payments
E-check payments
Debit card payments
American Express and Discover Card payments for some industries
ACH payments
MOTO payments
Offshore Merchants have no volume cap as well as effective risk management tools to mitigate their merchant customers’ exposure to fraud.
Discloses All Important Terms
Yes
Public Pricing Available
No
Offshore Merchants mentions that most merchants can expect rates and fees that range from 3% to 7% per transaction. This is typical for merchant account providers that offer payment processing services to high-risk merchants.
Rates and fees can vary based on the type of business a merchant owns, their risk level and their monthly processing volume. For high-volume merchants, rates range from 2.5% to 4.7%.
Offshore Merchants do require high-risk merchants to have a rolling reserve. The company’s typical requirement is a 10% reserve for a period of six months. The rolling reserve will be evaluated over time, and may eventually be discontinued for some merchants with a good processing history.
Pricing Model
Interchange Plus
Swiped Rate
Unknown
Keyed-in Rate
Unknown
Mobile Payment Rate
Unknown
Virtual Terminal Rate
Unknown
Monthly Fee
Unknown
Payment Gateway Fee
Unknown
Batch Fee
Unknown
Early Termination Fee
Unknown
PCI Compliance Fee
Unknown
Equipment Lease Terms
Unknown
Address Verification Service (AVS)
Unknown
Application Fee
Unknown
Account Setup Fee
Unknown
Gateway Setup Fee
N/A
Annual Fee
Unknown
Monthly Minimum
Unknown
Statement Fee
Unknown
The Offshore Merchants website does not have any information regarding contracts or terms. It is unclear how long a merchant will be entering into a contract with this company as their merchant account provider and payment processor.
Offshore Merchants advertises that they provide daily payouts to their merchant customers on their website.
Contract Length
Unknown
Early Termination Fee
Unknown
Once a merchant has submitted their online application along with the proper documentation, in-house underwriting and account approval can take four to eight days. Merchants processing a lower volume of transactions are usually able to begin processing payments the same day.
Offshore Merchants has a Contact Us form on the company website that merchants can use to get in touch with them for support. There does not appear to be any other contact information available on the website.
BBB Rating
Offshore Merchants does not have a profile listed with the Better Business Bureau. This company has also not received a rating from the BBB, and there are no complaints or reviews listed.
Other Online Reviews
There are no reviews online for Offshore Merchants. There is no indication that there have been any FTC complaints or class-action lawsuits filed against this company.
BBB
N/A
No Review
N/A
Yelp
N/A
Total Online Reviews
Unknown
Total Online Complaints
Unknown
Lawsuits
No
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