Offshore International Merchant Account Services

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RATES AND FEES.

Offshore credit card processing through Offshore International Merchant Account Services Corp (OIMAS Corp) offers two different options for the international merchants. Offshore credit card processing is available in two different locations while taking into consideration the new Visa rules regarding the prohibition of cross boarder transactions.

Offshore Credit Card processing via American credit card processing company is applicable for only standard type of the businesses (low risk merchants) registered or having its subsidiary company in the following jurisdictions:
Antigua and Barbuda, Bahamas, Barbados, Canada, Dominica, Grenada, Jamaica, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Trinidad and Tobago, and United States. If you are not registered in one of these jurisdictions we will be able to assist you to form a new offshore entity or register a subsidiary in Dominica. Company formation and registration in Dominica usually takes one working day upon receipt of payment and can be ordered here. These services can also include opening of the offshore bank account which will be linked to your offshore credit card processing account, virtual office in Dominica, mail forwarding services, etc.

Credit card processing fees and rates are as follows:

  • One time set up fee US $ 495

  • Monthly fee US $ 49

  • Transaction fee for Visa and MasterCard:

    • Single currency account %   4,25%

    • *Multicurrency account%    5,95%

  • Per transaction fee 0.50

  • Charge back fee US $ 15
     

*The first three currencies are free, for any additional it is US $ 75 flat one-off set up fee.

There is no security deposit required in order to start credit card processing. There is no rolling reserve or any other reserves necessary. Merchants are paid on weekly bases 4 weeks in arrears.

There are no any other hidden fees and our staff are able to assist you in acquiring your international merchant account for on-line credit card processing within days upon submission of your application. Your name will appear on your customers' receipt together with the name of the credit card processing company, which will lower down the quantity of the chargebacks. Our fraud prevention system is a state of art in the on-line credit card processing industry.

We do work with the majority shopping carts in the market. Our technicians will be able to integrate your shopping cart with offshore credit card processing system, test it and put it live in a couple of hours upon approval of your application.

If you require any extra information in regards with the credit card processing or want to proceed with the application for the credit card processing the services please fill in the international merchant account application form and our customers' service department will contact you within one working day with further details.

Offshore credit card processing via European credit card processing company is applicable for any legal type of business (high risk and high volume businesses are our speciality) registered or having its subsidiary company in the following jurisdictions:
Andorra, Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Gibraltar, Greece, Iceland, Ireland, Italy, Liechtenstein, Luxemburg, Malta, Monaco, Netherlands, Norway, Portugal, San Marino, Spain, Sweden, Switzerland, United Kingdom, Vatican City.

If you are not registered in one of these jurisdictions we will be able to assist you to form a new offshore entity or register a subsidiary in Gibraltar. Company formation and registration in Gibraltar usually takes 10 to 15 working days upon receipt of payment and can be ordered here. We do have a choice of shelf companies which are ready for the immediate shipment. These services can also include opening of the offshore bank account which will be linked to your offshore credit card processing account, mail forwarding services, etc.

The schedule of prices for offshore credit card processing differs here because we work with almost every type of merchants, and it depends on the level of risk of the business and its volume. The discount rates for Visa and MasterCard vary from 4,25% to 8,5%; rolling reserve from 5% to 15% for the period of six month.

  • One time set up fee US $ 500

  • Per transaction fee is 0,50c

  • Chargeback US $15

The settlements are due on a weekly bases and cost US $ 30 in bank charges.

There is no any starting security deposits required or any other hidden fees. The merchants receive settlements in weekly bases. Virtual terminal for the manual credit card processing of the telephone or fax orders is available from the start. There are two options of the customers receipt issuance. Your customer will see the offshore credit card processing service provider name or you will have to apply for your personal merchant identification number (which usually takes a longer period of time and requires more paper work) and your merchant name will appear on your customers credit card statements.

All offshore credit card processing accounts are multicurrency merchant accounts.

In order to receive the full fee schedule that implies to your particular business please fill in the following no obligation application form and our customer services representative will contact you within working day with the prices that are right for you.

Find here a list of high risk businesses we work with.

 

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