The Easy To Obtain Merchant Account!

How to become an Offshore Merchant - from Euro 500

YES We Accept Credit Cards! Those few words can add thousands per month in profits to your business!

Privacy World offers two (2) merchant facilities to meet your requirements starting from just Euro 500.

Setting up an offshore corporation is all very well - but what if a mere symbolic coat hanger joint in a tax shelter jurisdiction isn't enough? What if you want to actually make money offshore? After all, not everyone is able and willing to live off saved taxes and assets' interest alone. Unbelievable, but some Privacy seekers still have to work for a living - preferably in a PT tax-free Dorado!

However as in every business, you will also want a corporate infrastructure and some usable logistical tools to go with it. Here's what we recommend and that you get:
  • a bona fide tax-free offshore bearer share corporation from Panama in your chosen name
  • a corporate bank account with internet banking, an ATM card (not in Panama.)
  • a functional mail & fax forwarding service
  • One of several reliable offshore merchant providers, (essential for mail order business)
Offshore Merchant Program One:

THE STEP-BY-STEP MECHANICS OF SIGNING UP FOR YOUR"OFFSHORE CREDIT CARD VENDOR STATUS"

The first step is to apply for the Merchant status. This can be made by writing us a free format e-mail stating the name of the applicant and the contact e-mail. Contact Us. Bank serves Visa and MasterCard credit card transactions; currently, bank can serve both personal or corporate customers.

Procedures and fees

The below information is for medium to difficult web sites. This is the same merchant provider who processes our credit cards charges!

Fees and Rates ranges by industry, merchant, and history of the account:

Rolling Reserve = 10% Rolling Reserve (Hold for 6 months and release at 7 months, continuous)
Discount Rate = 5% – 13% (Rate will be set by the risk of the industry and merchant)
Set-up Fee = $100 - $5,000 (Rate will be set by the risk of the industry and merchant)
Monthly Fee = $50 - $100 (Rate will be set by the risk of the industry and merchant)
Transaction Fee = $0.50 - $1.50 (Rate will be set by the risk of the industry and merchant)
No volume caps (min or max)

Any merchant accounts will need to fill out:

Merchant Application (If you can't answer a question, please leave it blank)
Photo ID (Drivers License, Passport, etc)
Merchant History (No history please inform us, new business)

Our merchant group can process any merchant accounts, it will be easier to tell you what we can't take:

Child Porn
Animal Porn
Hardcore Porn
We code all Gaming sites.

FYI - We will not be the third party. You will have contact with the bank. That should be a plus!

Our introduction fee is Euro 500.

  • Add Euro 1250 for your own Panama bearer share company in your chosen name. Note: it is the bank requirements all that merchant must have a Panama company for this merchant account, otherwise bank will refuse all other company jurisdictions.
  • Add Euro 500 for an offshore company bank account with this product. (Bank account is NOT in Panama.)
  • Fast Track set up fee: Eur1,000
  • A functional mail & fax forwarding service: Euro 550 including Euro 50 postage forwarding deposit, first year and one time set up fees.
  • Add Euro 2,500 for a one time use of a banking passport to meet sources id requirements.
  • Add Euro 1,000 for a utility bill to meet sources requirements.
To get started order now from our secure online order form and pay by bank wire, MoneyGram, Western Union (Maximum WU remittance allowed is US$1,000) or payment via e-bullion.

Basic setup:

Integration Procedure:

Below is the method for you to integrate your site with our gateway:

Hosted Sales Page:

The hosted sales page is a branded payment page which source operates. The customer can be sent here from a payment link on your site and they can fill in all the details of their payment here and submit. Once the transaction is processed they will be directed back to your page through the Success_out and Failure_out URL's which you can set under Website Management.

The hosted sales page can also be pre-populated with as little or as much of the user's information as you like; you can collect all the user's information on your own site and pass it to our page so all they need to do is press submit, or you can send the bare minimum which is your merchantID, productID and the Amount of the transaction.

Once you've done this, you now have access to our source's world leading gateway software which is a safe, secure and user friendly system already integrated with their solid banking institutions.

Please take time to familiarize yourself with their software and reporting features.

TO RE-CAP on some of the features:

  • Maximize your profitability through sophisticated fraud control tools which prevent charge backs and detect credit card fraud.
  • Multi-currency processing flexibility with US, GBP, EURO, CND and others.
  • Highly professional risk management experts.
  • Comprehensive, customized transaction reports.
  • Real-time access to online reports.
  • Real-time access to wire reports so you can track your weekly payment.
  • 24-hour support for all merchant needs.
Q: Which credit card companies are supported?
A: Currently: VISA and MASTERCARD/EUROCARD.

Q: How do I have clients' credit card data checked and how do I get a clearance number or card verification?
A: Forward credit card data to the bank direct via your web site and receive clearance from them and have your merchant account credited, that's all.

Q: Isn't this procedure a bit cumbersome for online credit card orders?
A: While you may accept online credit card orders on the Internet. It couldn't be faster or easier than that!

Q: Is there any blocking necessary on the merchant account to operate(they practice this in some banks)?
A: Maybe, this bank might typically insist on partial blockage for about 1-2 months. However, funds will be released at a certain rate per month during this span. This is the initial format - later, once a satisfactory business relationship has developed, new terms may be negotiated.

Q: Would I then be able to use this setup to pay directly into my own debit card account?
A: Yes, client would be debited, your account credited automatically.

Q: What currency would I have to charge my clients in?
A: Normally, charges will be converted to local currency, as those are the cc companies' international regulations. (In some countries this has to do with local currency restrictions as well, though not in this case.) However, when verifying cc order data, you may quote in US$, Euro, GBO, A$, CDN, etc. and the bank will convert automatically for you. If you keep your currency account in US$, you will, of course, be credited in dollars, as well as with other currencies.

Q: What do your fees cover exactly?
A: The Euro 750 is our introduction fee to our merchant source. This is the very same merchant source we use for our credit card charges, so we are placing our money where our mouth is at! In addition to our fee, once your merchant status is setup, all that remains is for you to remit a USD 300 for the visa merchant status direct to source. Source will give this information once you are accepted.

Q: I presume I could I be issued with a debit card on that account?
A: Yes this is possible. However with that said we would recommend that you obtain an offshore bank account, preferably a Panama bearer share company and company bank account for your maximum privacy befits.

Q: Can I use my debit card to pay for online orders as well?
A: If by "online orders" you mean setups featuring instant cc verification or approval, the answer is: unfortunately not as it is a atm or debit card. if you require a credit card, let us know and we can arrange one for you at a discount cost if ordered at the same time you order this merchant account.

Q: Can't I get a regular credit card instead?
A: Yes of course. See above.

Q: Is it possible to use an existing trust domiciled in another country (e.g. Japan?) in lieu of the Panama Corp?
A: Sure, no problem. It won't get cheaper that way, because it's different documents that will have to be translated, notarized & legalized locally (i.e. not the usual standard fare), incurring greater overhead; but yes, existing corps and trusts can easily be employed. See our Offshore Merchant Program #3 above for the details. Please bear in mind that the issuing bank will need the ORIGINAL company or trust papers, as they cannot be notarized otherwise. Also, possible tax issues should be taken into consideration. A Panama Corp operating outside the USA with a European cc merchant setup & bank account, but operating outside the CC merchant bank's country as well, will not be subject to taxation in either Panama or the at site. This may or may not be the case with your Nippon trust in Japan proper. So if your Japanese trust structure offers the same advantages, go ahead. If not, you can always opt for the standard solution, as described in our program info.

Q: How about cc fraud issues? Who will pick up the tab?
A: The upshot of the matter is that the fraud risk will be the vendor's, not the bank's, not the cc Corp's. But then again, this is standard procedure internationally. Granted that this is not a very fair setup, but unfortunately it's a tight situation for any applicant anywhere in the world these days, and viable offshore venues are almost impossible to find or - if at all - unaffordable and not lucrative by any standard.

Q: What is their notification procedure on a charge back?
A: CC Corp notifies bank, bank notifies vendor. Generally, there's no way around it: in the end, the risk IS yours. But that's the same story practically everywhere in the world: insurance and security hype aside, what it boils down to is that you will have to arrange yourself with the cc Corp and/or the bank in some way or another. It is always advisable to let your customers send you a credit card authorization SIGNED IN WRITING - that will grant you considerable leeway in case of charge backs or fraud issues.

Offshore Merchant Program Two:

PANAMA Merchant Account:

This top of the line merchant account we offer is our Panama Merchant account.

Our introduction fee is Euro 750.
  • Add Euro 1250 for your own Panama bearer share company in your chosen name. Note: it is the bank requirements all that merchant must have a Panama company for this merchant account, otherwise bank will refuse all other company jurisdictions.
  • Add Euro 500 for an offshore company bank account with this product. (Bank account is NOT in Panama.)
  • Fast Track set up fee: Eur1,500
  • A functional mail & fax forwarding service: Euro 550 including Euro 50 postage forwarding deposit, first year and one time set up fees.

BENEFITS & ADVANTAGES

Bank On-line Payment Service allows companies to act in any part of the world, to be more efficient, more flexible in its internal operations and to provide a better response to their customer's needs and expectations.

Companies should consider On-line Payment as an "added value" to its particular means of making business, since it will receive unlimited advantages from a market that opens the doors to a world with endless possibilities and, what is better, to potential customers.

A Merchant Account is a bank account to receive funds from on-line payment transactions.

The terms and conditions agreed for the Merchant Account in our institution shall be established between Bank and the Merchant.

Requirements for a Merchant Account:

- Panamanian jurisdiction. In other words you must have a Panama company, IBC, etc. for this merchant account.
- Merchants should process a minimum of $20,000.00 in sales per month.
- Web page and site ready and operating.
- Merchant Application complete.
Bank's On-line Payment Service offers our customers the advantage of selling their products and services through Internet, using the most advanced technology allowing the globalisation of their company.

In merchant Bank we have the support of the world's greatest companies specialized in making on-line transactions (First Data, Verisign & First Atlantic Commerce).

COMPLIANCE STANDARDS

  1. Merchants should process a minimum of USD 20,000.00 / month.
  2. Website must show privacy, security and refunds policy.
  3. Website must show pricing of product(s).
  4. Website must show contact information (e-mail, phone number, fax)
  5. Submission form should be completed with all the required information for Bank to provide a pricing quote.
  6. Shipping preferably by courier, if not, merchant should state that all customers receive a bill or receipt.

Payment Gateway

Our services include the verification of the customer's credit cards (funds, expiration, fraud) that access their Internet site to make payments. For this purpose, Verisign and First Atlantic Commerce who are known worldwide in the field of Internet security supports us.

Processing

Regarding the electronic collection, we have established a partnership with First Data Corporation (FDC) , a leading worldwide organization in credit card processing. FDC provides transactions processing services with the most important Banks in the United States, and is part of the New York Stock Exchange (NYSE) representing one of the best 500 shares (Standard & Poors) .

DISCOUNT RATE

Prior to the transfer of the funds the bank will usually deduct a percentage from the total amount of the gross sales, made during the day.

However, the bank may charge the highest fee for transactions that do not have the classification required. For example, accepting a "Visa Business" may cost you 1% more than the regular Visas.
These overcharges for non-classified transactions should be established with the service provider or the bank.

TRANSACTION FEE

This is a specific amount paid per each transaction.

CCB established fee x number of transactions = paying amount.

MONTHLY FEE

These are fees for other services, such as issuance of monthly reports, Web access fees and minimum monthly fees.

CHARGEBACK FEE

This commission is charged for a transaction complaint or a returned sale.

All fees should be established with the bank according to a written agreement, before the merchant starts processing.
CCB established fee x number of charge backs = paying amount.
Acceptable charge back rate: up to 1.0% for Visa & Mastercard separately
  • Acceptable credit or returns rate: up to 5.0% for Visa & Mastercard
  • Discount rate based on:
  • Monthly volume
  • Average ticket
  • Nature of business
  • Years in business
  • Charge back and credit ratio

Regular E-Commerce:

  • Buy rate: 4.15%
  • Transaction Fee: $0.30
  • Charge back Fee: $40.00
  • Retrieval Fee: $10.00
  • Monthly Fee: $90.00
  • Set Up Fee and due diligence: $2,500.00
  • Fast Track set up fee: $1,500.00

Online Pharmacies or High Risk:

  • Buy rate: 4.35%
  • Transaction Fee: $0.40
  • Charge back Fee: $50.00
  • Retrieval Fee: $15.00
  • Monthly Fee: $90.00
  • Set Up Fee and due diligence: $2,500.00
  • Fast Track set up fee: $1,500.00

List of Denied Merchant Activities

We know that certain merchants carry more high risk activities or require the application of more specific market knowledge where they develop on their own. Therefore, the following types of merchants are excluded by the bank unless it is backed up by the Bank's management team.

This is not an exclusive list, other businesses can be denied by the nature of themselves after an analysis.
  1. ADULT ENTERTAIMENT (gambling, horoscope, psychic, sexually oriented)
  2. CHILD PORNOGRAPHY
  3. AIRLINE TICKET SALES
  4. AGE VERIFICATION
  5. ANIMAL SALES AND BREEDING
  6. ANY PRODUCT / SERVICES CONSIDERED ILLEGAL
  7. AUCTIONS
  8. CHARITTIES THROUGH OUTBOUND TELEMARKETING
  9. CHECK CASHING SERVICES COLLECTION AGENCIES
  10. CREDIT CARD PROTECTION
  11. CREDIT REPAIR AGENCIES
  12. DRUG PARAPHERNALIA
  13. E-CASH MERCHANTS
  14. MAJOR EXPORTERS OF ANY TYPE
  15. FUTURE DELIVER BEYOND THREE MONTHS
  16. GAMING, LOTTERY OR RAFFLES
  17. GIFT CERTIFICATES
  18. GOLF CLUBS / ACCESSORIES
  19. HOME BASES GUN DEALERS
  20. INVESTMENTS BY INTERNET
  21. MULTILEVEL OR PYRAMID MARKETING
  22. OUTBOUND TELEMARKETING
  23. PAWN SHOPS
  24. PROGRAMS ON HOW TO APPLY FOR LOW INTEREST CREDIT CARDS
  25. THIRD PARTIES BILLING PROCESSING – AGGREGATORS
  26. TIMESHARES PROGRAMS
  27. TRAVEL CLUBS, RESERVATION CENTER
  28. LIFE TIME GUARANTEED PRODUCTS
  29. VITAMINS
  30. TICKETS (TRAVEL, AND OTHERS)
  31. NON FDA APPROVED DRUGS OR MEDICINES
  32. ANTIQUES OR COLLECTOR ITEMS
  33. TOBACCO
  34. ALCOHOLIC BEVERAGE.
  35. REPLICAS
  36. PRODUCT ORIGINALY FORM CUBA, LYBIA, SYRIA, IRAQ, IRAN NIGERIA, AFGHANISTAN, NORTH KOREA, EASTERN EUROPEAN AND OR ANY OFAC RESTRICTES COUNTRIES.
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