Decreased Taxes - Offshore merchant account tends to place the business owner in a favorable e-commerce world and as the bank does not exist in the same location as that of the merchant so it helps the business decrease taxes.
Some offshore banks and credit card processors do charge a slightly higher processing fees and discount rates however when the merchanthow to become a payment processing company realizes the tax savings they are incurring by processing offshore they discover they are far better off than if they had remained processing onshore. High risk businesses like online casinos, adult, pharmacy and travel merchants prefer using an offshore merchant account as most domestic banks (US) decline these business categories, owing largely to the high volume sales, potential chargeback and refunds etc. Offshore banks tend to be more liberal with their under-writing policies, tax savings and there are no sales volume restrictions.
