Swiss Offshore Merchant Account
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.
This Swiss Based Offshore Merchant Account is suitable for international companies and offshore companies.
Thetabiz Corporation can help you get this Swiss based offshore merchant account for Internet credit card processing, fax, telephone and POS orders.
- Credit cards supported
- Methods of acceptance supported
- Eligibility for Swiss offshore merchant account
- Currencies with Swiss offshore merchant account
- Default credit cards supported
- Commission rates
- Startup expenses
- Requirements for Swiss offshore merchant account
- Funds' withdrawal
- Schedule of Fees
- Our service and ordering
Credit cards supported
You will be able to process credit cards such as VISA, MasterCard, American Express, Diners Club and JCB cards. Our help consist of preparing the application for the offshore merchant account on your behalf while making sure that all needed requirements from your side are met. The merchant account will be based in Switzerland or in other offshore locations. Your data will not be revealed to third parties.
Methods of acceptance supported
With this Swiss offshore merchant account you will be able to accept credit cards:
- by Internet through the secure link (SSL) connection directly with the merchant account provider
- by Internet through your own secure web server (SSL) and by entering credit cards into the credit card processing terminal with the merchant account provider
- by phone
- by fax
- by letter
- by POS terminal in your store
Eligibility for Swiss offshore merchant account
You will be able to apply for the Swiss offshore merchant account with your international business company, Panamanian corporation, any other offshore corporation or offshore based company, any U.S. company or limited liability company from anywhere. It is strongly required that you apply only through the use of the offshore company or company in any country.
The application for the offshore merchant account consist of several pages but it is handled in rush manner and decisions are made fast. If you get accepted, you will need to pay the license fee of EUR 150 per year to the merchant account provider in Switzerland. The offshore merchant account provider will decide on the minimum reserve amount for your company and which will depend very much of the nature of your products and your business. Such reserve amount is usually 10% payable after 6 months.
Currencies with Swiss offshore merchant account
It will be possible to accept credit cards in different currencies like: USD, EUR, CHF, CAD, JPY. Your first currency will be free, but in order to establish other currencies there will be special fees.
You can choose in which currency you want your funds be paid out to your bank account.
Default credit cards supported
You will be able to accept by default:
- VISA cards
- MasterCard cards
- American Express cards
- Diners Club
- JCB Credit Cards
Commission rates
There will be two types of commission payable to the Swiss offshore merchant account provider for processing of VISA cards and MasterCard cards:
- In the Start-up Schedule, from 5.9% to 6.5% without monthly fee
- In the Professional Schedule from 5.5% to 6% with monthly fee of EUR 30
The minimal transaction fee is EUR 1.
Startup expenses
To summarize, you will have following minimum expenses on the start:
EUR 150 payable to the Swiss offshore merchant account provider only if you get accepted,
USD 400 payable to Thetabiz Corporation for the application preparation and introduction into the merchant account, including the support for setting up the website and credit card processing. Our fee is part of Thetaworld™ Global Bank Account Service. The TGBAI service fee is US $400 for unlimited number of bank accounts, it is one-time life-time membership fee. You can purchase single bank account introductions as well.
EUR 30 per month if you choose it that way to have lesser commission payments for your credit card orders, but you will be free to choose the option without monthly fees.
Requirements for Swiss offshore merchant account
Requirements for this Swiss 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 in IBAN format
- that you pay the license fee of EUR 150 for the first year
Funds' withdrawal
The funds will be transferred from your Swiss offshore merchant account to your bank account two times a month, being on the first and on the 15th of the month. The orders processed between the first and 14th of the month will be paid out on the next first of the month. Orders processed between 15th and the last of the month will be paid out on the next 15th of the month.
You can use this offshore merchant account for as many domains as you choose.
Schedule of Fees
Swiss Offshore Merchant Account
Schedule of Fees for Swiss Offshore Merchant Account is also available as PDF file.
| ID | Service and Description | Currency | Fee or Info |
| Thetaworld Global Bank Account Introduction Thetaworld™ Global Bank Account Introduction Service is membership for unlimited number of bank accounts, merchant accounts or brokerage and other financial accounts. It is one-time life-time membership fee. | USD | 600 | |
| Set-up fee per year The fee includes one currency for processing purposes. It includes anti-fraud scoring, fraud alert procedures, litigation services such as chargebacks. | EUR | 150 | |
| Allowed Credit Cards VISA, MasterCard, American Express, Diners and JCB | |||
| Professional Schedule, commission for American Express, Diners and JCB processing | 6% | ||
| Professional Schedule, commission for VISA/MasterCard processing | 5.5% | ||
| Start-up Schedule, commission for American Express, Diners and JCB processing | 6.5% | ||
| Start-up Schedule, commission for VISA/MasterCard processing | 5.9% | ||
| Professional Schedule, monthly fee Per each account. | EUR | 30 | |
| Minimum transaction fee | EUR | 1 | |
| Start-up Schedule, monthly fee Per each account. | EUR | none | |
| Professional Schedule, fixed transaction fee | EUR | 0.50 | |
| Start-up Schedule, fixed transaction fee | EUR | 0.85 | |
| Chargeback Fee Additional fee could be involved if exists merchant's responsibility for chargeback. | EUR | 65 | |
| Remittance period | two times per month | ||
| Remittance threshold | EUR | 500 | |
| Rolling reserve over 6 months The reserve is paid back with 6 months delay. | 10% | ||
| Wire transfer fee Depends of the merchant's country | free for amounts over EUR 2700 |
Our service and ordering
Thetaworld Corporation prepares and helps you get the offshore merchant account and guarantees your acceptance by 100%. Your funds paid to Thetaworld Corporation will be paid back in the case that you do not get accepted or in case that Thetabiz Corporation cannot find the merchant account provider for you and your company.
Order by e-gold for Offshore Merchant Account - US$400
Pay by other methods of payment for Offshore Merchant Account - US $400
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