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Offshore Payment Processing

Affordable and Secure Offshore Payment Processing by ePay Global

In today’s world, various online payment options have increased the opportunity for businesses to expand their services globally. Payment gateways have made payment processing so convenient that any currency via different payment modes can be processed without any issue. 

Putting its contribution in this snowballing change, EskayPay offers an Offshore Payment Processing solution for all sorts of industries, whether it is high-risk, mid-risk, or low-risk. We are one of the leading High-Risk Merchant Account service providers in the industry. 

We offer a convenient and secure payment gateway service for all merchants. Additionally, we provide approval for Offshore Merchant Account as well.

Why Offshore Payment Processing Solution?

If your business revenue is affected due to the limitations of onshore payments, then it is time to apply for an Offshore payment processing solution. By opening an offshore merchant account, you can avail yourself of the option of multi-currency payments from a different county than your business.

Through an offshore payment solution, a customer can make payment online in their local currency. You can grow your business through EskayPay’s high-risk Merchant Account by accepting payments online from your offshore merchants. Through a single integration of the secure platform, you can expand the business globally.

How does the Offshore Payment Processing work?

If the customers are from different countries, you can get the payment from merchants using an offshore payment gateway from your online portal/website. The customer enters the Credit Card, Debit Card, Net banking or any other payment options on your website. Let’s suppose the customer make payment through a credit card. FAC formats the data and passes it to the merchant’s bank. The merchant’s bank submits the data to the credit card network, e.g., Visa or Mastercard.

The credit card network routes to the customer’s bank that issues the credit card to the customer. The Issuing bank approves or declines the transaction. Interchange sends results to the merchant’s bank, and merchant bank processors send results to FAC. Finally, FAC updates the results of the transaction approved or declined on the portal. The merchant portal provides a real-time response to the customer.

The Issuing bank later sends the fund to the credit card network, which transfers the fund to the merchant’s bank account. All the above process is done securely in a few minutes.

Challenges in Offshore Payment Processing

Offshore means when the customer’s issuing bank of the credit card, visa card or eCheck is located in a different country than your business.

All the merchants want to expand their businesses in the international market through eCommerce websites or portals. The biggest Challenges merchants faces are setting up an online offshore payment option. It is a challenging task for a merchant, especially for startups. 

Several factors are there that makes this process quite challenging. Below are some of them listed:

  • Your nature of the business that offends banks and other financial institutes to provide payment processing service. 
  • High chargeback ratio top reason for any bank to not assist you. 
  • Low credit processing history or no credit processing. It happens when you have a startup. 
  • Fraudulent transactions in your business is also a reason not to get a payment processing service. 

But We at EskayPay do not have any business due to any reason. We provide the offshore payment processing solution for all merchants with less effort and time.

Benefits of Getting Offshore Payment Solution from ePay Global

  • We provide a competitive rate as compared to others. Our price is the lowest in the market.
  • We have highly secure payment options to reduce chargebacks and fraudulent transactions.
  • Our payment gateway integration process is straightforward and user-friendly. Even a non-tech guy can perform this task with just a little guidance. 
  • To benefit from the offshore payments, our hardware and software get upgraded from time to time.
  • Now, you can enjoy accepting the multiple currencies, which are very important for global business transactions.
  • Offer your consumers all the options for payment they are looking for. Our payment gateway accepts payment via credit card, debit card, eCheck, ACH, mobile payment, etc. 
  • Offshore Payment Processing charges are very low as it does not attract high taxes as banks are located in different countries.

Credit card processing for better reach of your business

Credit card payment option is a crucial requirement of companies dealing offshore. 

As per records, it is the most preferred payment method across the globe. People around the world use cards more comparing other modes of payments. 

EskayPay offers a credit card processing service that allows you to process credit card and debit card payments. We accept all major card brands like Visa, MasterCard, Amex, etc. 

Plus, merchants can allow their customers to pay in any currency with real-time currency conversion. 

Contact us

To learn more about Offshore Payment Processing, connect with our experts right now. They will love to educate you about our services.

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