Offshore Merchant Account
Getting approved for a merchant account can be challenging, whatever your line of business might be. But it doesn’t have to be that way and at UniBul we have built a solid solution for both U.S.-based and international merchants, one that just works! Once you provide the paperwork we need, our application process is fast and straightforward.
Now, if yours is like most businesses that contact us, it will fall into some high-risk category or other. Why? Well, to begin with, these are relatively high-volume e-commerce operations, which almost by default earns a moderately high-risk label. Then it only takes something as trivial as, say, a certain type of products sold or a modestly high chargeback ratio to push you into a higher risk group. And we are not even talking about the really high-risk industries or placements on the TMF list yet. So make sure you tell us exactly what your circumstances are, so that we can design the right solution for you.
Who Is It For?
Our offshore merchant account solutions are designed for high-risk businesses. We work with offshore banks, which place fewer trading restrictions and that makes it more likely to approve businesses in high-risk industries. With UniBul, you will get a fully PCI-compliant payment gateway, which is compatible with most shopping carts. Moreover, if your business is growing, you will benefit from an offshore merchant account with no processing caps.
What Are Your Payment and Settlement Options?
To help you accommodate every single customer’s payment choice, we support a wide array of payment options. You will be able to accept all major credit card brands, including:
You will also benefit from being able to settle your payments in multiple currencies. Our offshore merchant account supports a great number of different currencies from around the world, which enables you to sell to your customers in their own, local currency. Here are some of the more popular choices:
How Does the Application Process Work?
Once we get started, your application is processed swiftly and the set-up is as straightforward as we could make it — this is an offshore merchant account we are talking about, so it will still take some time, but usually we wrap up the process within two weeks. Before we can initiate the application process, we will ask you to provide the following paperwork:
- Application form. You can find that form here. Please fill it out thoroughly, sign it and email back to us, along with the other paperwork listed below.
- Processing statements. We will need your six latest statements with your current or latest payment processor. We will be examining the following:
- Processing volumes. Typically, we require that our clients generate at least $100,000 (or its equivalent) in monthly sales.
- Growth rate. We will be looking into whether your volumes are growing, declining or stagnant. As you would probably guess, if they are growing, we might be happy to work with you, even if your starting point is somewhat lower than we might otherwise want it to be.
- Chargeback rate. You should have your chargebacks under control. If you’ve been in the high-risk business for some time and still have not found a way to manage your chargebacks, that is a problem. We might still be able to work with you, if we determine that the problem could be a manageable one and that we could help you to bring chargebacks down. However, if the rate is too high, we might decide that the situation is beyond repair.
- Rate of declined transactions. This is a strong indicator for the overall health of your business and is typically closely linked to your chargeback rate, which is why we will be looking at it.
- Supporting documentation. We will ask you to provide paperwork, which you should have handy, such as:
- Articles of Incorporation or a similar document.
- A copy of the owner’s passport or other national ID card.
- A copy of your business license, if applicable.
- A voided check, if available.
- The three latest bank statements for your business.
- A utility bill, which should be no older than 30 days of the application date.
- Additional documentation. It is almost certain that during the application process we will need some other paperwork and we may ask you for an explanation of some issue or other. So be ready for that and follow up promptly on our requests to help us wrap up the process as swiftly as possible.
Be sure to tell us if your previous merchant account was terminated and for what reason. Moreover, if your business has been placed on the MATCH list, also known as the Terminated Merchant File (TMF), you should let us know. We will find out even if you don’t tell us, but knowing it in advance would save us both precious time. See, we can work with you even if you are on the TMF, but the application and set-up processes will be different than normal. So it is best that you tell us all and let us do our work.
Of course, getting approved for an offshore merchant account is not exactly as simple as entering your information into our system. There are reasons why high-risk categories exist, with all the inconveniences such designations entail. However, this is what we specialize in and have made the application process as simple and straightforward as we could do it. So, as long as we get your full assistance, you will get your merchant account. Now click on the button below and get started!
What Our Customers Are Saying
UniBul is ranked based on 159 user reviews.
UniBul enables American and international businesses to accept payments for the things they sell on their websites.
