Merchant account processing services are provided by a Bank or a third party processor to the merchant. These services include authorization of credit cards, settlement of funds through the bankcard associations (MasterCard, Visa, etc.), depositing of funds to checking accounts, merchant billing, and account activity reporting.
Merchant Accounts are established by a Merchant Processor (Bank or third party), you must have an Offshore Corporation and a Bank Account for your Corporation.
Depending on whom your Merchant Processor is you will be able to accept different types of payments. With our recommended processor you will be automatically able to accept Visa and Mastercard.
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