Quote:
Originally posted by m0rph3us
yes offshore merchant accounts require 100k+ monthly usually (50k min)
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Rodeme_him,
You did receive the proper response from our sales department. Unfortunately at this time, offshore banks and aquirers do not want to take any high risk (adult) merchants processing under 50k per month. Morpheus is correct. However, we are working with some new sources now and should be able to lower that requirement soon so keep checking back. If you are non-adult offshore, the lower limit is only 10k per month.
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DemonWolfe,
The setup cost depends on your location and need. Typically 2k for the offshore EU corp and signer. If you already have an EU corp, the cost is about $500 total with one bank we work with and $0 with another.
If you are setting up in the U.S., there you must pay the Visa/Mastercard registration fees, so the setup cost is aboput $1900 total including the app fee.
It is a small inmvestment considering the $$$ you will save in procerssing fees.
We also process online checks for only 3.25% and 40¢ per transaction and there is no merchant account necessary for that.
Please contact myself or our sales department if you are interested.
Thank you, Mitch Farber