Best offshore merchant account


2

What is a good options for an offshore merchant account? I'm not located in the US where it is easy to get a good merchant account, do you know of any good options in offshore locations?

The country where I set up the company doesn't matter as long as it has minimal tax and bureaucratic regulations. This is for selling software as a service online.

Ecommerce Foreign Recommendations Payments

asked Feb 6 '10 at 13:31
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Rob
151 points
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2 Answers


2

Generally speaking, I think it would be a mistake to set up a international subsidiary, or deal with banks in other jurisdictions, in the early days of a startups life. When the millions start rolling in you can consider doing tax planning, but not before.

Having an offshore bank carries negative connotations in some circles -- i.e. the tax man, and certain customers, could feel negative towards your company if they become aware of this.

The merchant account thing is a US (or US plus some other countries) thing. Other countries have different structures, and payment gateways operators who are adapted to this. I think you can get payment processing almost everywhere nowadays.

You could open a new question, "How do I get payment processing in country X?".

answered Feb 6 '10 at 19:44
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Jesper Mortensen
15,292 points

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I had an IBC with Belize Bank, they offer merchant services as well http://www.belizebank.com/faq_creditcard_corp.html

answered Feb 18 '12 at 09:29
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Anagio
293 points

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