Offshore Merchant Account

Offshore Merchant Account Companies

Every businessman which is about to start the Internet sales or business through the use of offshore companies get confronted, earlier or later, with the problem of credit card processing and searching for a right merchant processing companies.

Offshore Merchant Credit Card Processing

Thetabiz Corporation can help you get an offshore merchant account for online merchant account services, fax, telephone and POS merchant credit card processing.

Our partner merchant account companies accepts international businesses and also provide high risk merchant services.

Thetabiz™ Global Bank Account Introduction

Online Merchant Account Services

You will be able to receive VISA, MasterCard, American Express, Diners Club and JCB cards. Our help consist of helping you apply for merchant account while making sure that all needed requirements from your side are met. The merchant account services can be based in various countries, all depending of your own merchant card processing requirements.

Offshore merchant account gateway

Thetaworld Corporation will provide access and nominate the offshore merchant processing bank and the gateway provider.

The gateway provider is part of the merchant credit card processing group which has partnerships and/or cooperation agreements with several online merchant account companies.

High Risk Merchant Processing

Our relation with various banks and gateway providers will help following businesses accept credit card online:

Adult based business
General e-commerce
Licensed pharmacies
Licensed gaming
Some tobacco
Replica sales
Travel services
Music business
Software sales
Electronics sales
Various other goods and services

No Drugs or Antidepressants Allowed

THETABIZ S.A. takes great care to satisfy your high risk merchant processing requirements, however WE DO NOT ACCEPT ANY BUSINESSES SELLING ANTIDEPRESSANTS OR ANY OTHER PSYCHIATRIC DRUGS.

Merchant Services Credit Card Processing

We maintain various connections to banks and acquiring companies. Our business is to compile your informations, to prepare the proper documentation and to nominate the adequate merchant account companies, your provider of online merchant account services for your business. THETABIZ S.A. takes great care of details and helps the online businessmen to comply with merchant card processing requirements.

The rates vary for each of the types of industries and they also depend on the volume and history of the specific merchant.

The commission rates vary from 5% to 10% of the processing amount.

General specification of offshore merchant processing services

General specifications of offshore merchant accounts provided by Thetaworld Corporation are:

Transaction ticket is without limit meaning that payment amount can be without any limit.
The currency used is US dollar.
Credit cards accepted: VISA and MasterCard
Merchant descriptor (MID) is issued for each merchant.
Volume allowed in first month US $1-2 millions, than gradually up to US $5 millions per month by the 6th month and thereafter negotiable.
Settlement to merchants is on weekly basis after the initial two weeks.

Contracts and Requirements For Merchant Credit Card Processing

Each sponsored merchant receives own MID and Descriptor, and needs to sign a separate contract with the acquiring bank.

Middle East Offshore Merchant
Account Application

Settlement of funds due to merchants after deduction of fees, and commissions if applies, will be wired on weekly basis into the merchant’s account as per their banking instructions. Wire cost shall be $ 35.00 per wire. All pharmaceutical merchants must provide legal opinion confirming their compliance to the guidelines established by both Visa and MasterCard. All gaming merchants must provide a copy of their gaming license. Tobacco merchants must be either offshore and not delivering into the USA, or in the US and properly registered by the FDA. If merchant chargeback ratio at any time exceeds 1.00% then they will be charged $ 1,000 for the first occurrence. By the second occurrence they will be charged $ 2,000. By the third occurrence, the bank has the right to close the account. Merchants shall integrate directly with the gateway provider. For this purpose the API documents will be provided. ### Apply For Merchant Account 1. Your payment of US $400 for our unlimited help for bank accounts and merchant accounts (acceptance of credit cards) arrives to our company Thetabiz Corporation. There are no hidden fees. Thetaworld™ Global Bank Account Service. The TGBAI service fee is US $400 for unlimited number of bank accounts, merchant accounts, brokerage accounts, and it is one-time life-time membership fee. You can purchase single bank account introductions as well. 2. You will complete the merchant application form. 3. The application will be reviewed by our staff and perfected with additional questions. 4. Your website will be reviewed for acceptance. 5. The bank will review your application and the website. The bank takes usually about 5 working days to review the application. 6. The bank will verify if you are on the black list of VISA and MasterCard, so called MATCH list. 7. You will sign the contract with the bank and the credit card processor. 8. Upon signing the contract the bank will issue the MID -- Merchant ID. That takes about 3 days. 9. Once you receive the MID, the credit card processor will send you informations and documents for the setup of the processing online. We can help you with the implementation. You will start with the test of the gateway for credit card processing. Our support might be free of charge, but if it requires extensive work, we might charge additional programming fees. 10. Once the testing phase is finished, you can start with credit card processing. ## Middle East Offshore Merchant Account Eligibility You will be able to apply for the offshore merchant account with your international business company, Panamanian corporation, any other offshore corporation or offshore based company, any U.S. based company or limited liability company from anywhere. It is strongly recommended that you apply only through the use of the company. The application consist of several pages but it is handled in rush manner and decisions are made fast. You will be able to accept by default any major credit cards. Requirements for this offshore merchant account will be: * that you have some kind of company somewhere in the world * that you have valid address and contact data * that you have your own Internet domain * that you have a bank account You can use this offshore merchant account for as many domains as you choose.

Thetabiz™ Global Bank Account Introduction