Merchant Account For Online Business

You need to set up merchant account for online business and accept payments on your website. you can deploy global payment capabilities faster, safer, and with confidence.

Features of Merchant Account

Craft flawless payment flows

Legally Secured for Vendor thanks to not handling any customer’s card data

International cards processors (VISA, MASTER, AMEX, JCB, etc…) with many currencies (AUD, SGD, USD, EURO, etc…) available.

Multi Payment methods (Online Gateway, MOTO payment, mPOS, etc, …)

Comprehensive PayCEC-Expansion Toolkit for developer

Fast and Simple Checkout, customizable.

NO CODING REQUIRED for Integrating PayCEC’s platform into vendor’s website.

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Merchant Account Benefits

To meet with the fast pace of the world Retailing Industry, making faster business decisions in an ensuring security manner is a must. PayCEC allows:

  • Insights Usage from real-time data
  • No more paperwork, surprise fees, and confusing PCI compliance procedures.
  • Up-to-date extension to meet the world trend.
  • Engineered Platform accepting payments in a second with quintessential functionalities.
  • All charges is displayed in one place (across different payment types/ risk levels/ countries/ times/ and currencies)
    • Dashboard with analytic tools for Business Management
    • Capture better Sale Volume with Virtual Terminal
    • On-site Business beyond Boundary

Vendor Benefits

To meet with the fast pace of the world Retailing Industry, making faster business decisions in an ensuring security manner is a must. PayCEC allows:

  • Competitive price
  • High security. Secured with Data Tokenization
  • Fully PCI DSS – PCI Data security standard compliant
  • Customize your check out page
  • Real-time Risk management
  • 24/7 Customer service

FAQs


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Why do I need to provide Bank Statement for Merchant Account?

All banks require bank statements for underwriting. Bank statements reveal a lot about a prospective merchant. First, a bank will check to see if there has been prior processing (which will be reflected in deposits on your account). Prior processing is completely okay, however banks like to review all statements in order to analyse any refunds or chargebacks. Second, the bank needs to check your average ending amount to guarantee you can pay all of your monthly expenses. This will also help to validate the monthly volume requested.

What are high risk merchant accounts?

High risk merchant accounts are for certain businesses that are considered to be riskier. For example, a business that may be prone to a high rate of chargebacks or fraud etc.

Why is offshore processing sought-after by high risk merchants?

Unfortunately, once a merchant is classified as high risk, obtaining a merchant account will be extremely difficult, if not impossible. Most banks and traditional financial institutions will reject applications from high-risk merchants. A high risk provider, on the other hand, specialises in assisting these merchants with their problems and giving solutions. Offshore payment processing for high-risk firms ultimately provides access to a larger market, increased volume capacity, and tax savings, among other perks.

What business types really need offshore payment processing?

Not every firm will require offshore payments. The majority of those who use this service are from high-risk industries, while some low-risk merchants also use it. Accounting and bookkeeping, credit repair, dating services, online pharmacy, furniture, e-cigarettes and vape, travel, and weapons are among the industries that frequently seek offshore credit card processing.

What is an offshore merchant account, and does your business need one?

E-commerce sites can accept credit and debit card payments from major credit card issuers such as Visa and Mastercard, as well as other credit card providers, thanks to offshore payment processing. These services allow businesses to process transactions from any place in the world and in any currency.
It is easy to understand how offshore payments could provide a competitive edge and boost a company’s profitability.

What Is An Offshore Merchant Account?

An offshore merchant account is one in which the acquiring bank or offshore payment processor is located somewhere other than the company’s main office.

For example, if a US corporation creates a European account for payment processing, the European account is considered offshore by the US corporation.

International and offshore merchant accounts are interchangeable. The key contrast is that merchants seeking offshore merchant accounts are often classified as high risk by US acquiring banks. International merchant accounts are used by both high-risk and ordinary merchants who want to benefit from the growing growth of international e-commerce.

These accounts also provide tax advantages due to their location in countries with no tax responsibilities. Adult entertainment, online drugstores, casino games, sportsbooks, electronic money, counterfeit items, cigarette products, travel-based, and pharmaceuticals stand to benefit the most by opening an OMA, offshore merchant account.

How to Qualify For An Offshore Merchant Account?

Depending on the nature of your offshore firm, it may be vital that your existing merchant account is an OMA. This part might be applicable, for example, if your company has a digital commerce component or accepts payments from any country, such as the United States, Germany, or Europe.

However, not all sellers fall into such categories, as even small merchants may require such options for unique reasons, such as receiving credit card payments from clients living overseas who require greater fraud safety measures than those currently provided by traditional local financial institutions.