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An Offshore Replica Merchant Account
By Rebekah Salgado
Replica means the exact duplicate of the original using the same materials and manufacturing techniques to produce the original product. E-commerce merchants in the replica industry that sell merchandise such as handbags, wallets, watches, shoes are often categorized as high risk merchants.Although the replica business presents lower risk than pharmacy, gaming and the adult industries, replica merchant accounts are classified as high risk due to the possibility of fraud or high charge back rates. Merchant Acquiring Banks are often reluctant to set up replica merchant accounts but fortunately there are reputable payment solutions readily available.
An offshore merchant account serves as the ideal merchant solution for a replica merchant. This type of merchant account can facilitate high credit card processing volumes unlike the constraints of a domestic merchant account. Choosing to process through an offshore processing bank will afford no restrictions on monthly or yearly volume limits while providing very liberal processing requirements. Several of the largest and most respected businesses in the world utilize offshore processors to accept their credit card transactions.
A reputable offshore merchant account will usually feature:
- No volume caps
- Personalized merchant IDs
- No pre-set volume limits
- Sophisticated payment gateways
- A virtual online for manual entries
- 24/7 real-time reporting
- Daily/weekly payouts
An offshore corporation may also own the offshore merchant account to benefit from optimal asset protection and tax incentives A replica merchant should always consider an offshore merchant account that extends state-of-the-art fraud technology. A well designed system will have the ability to identify subtle patterns in buying habits and characteristics of online fraud perpetrators. It is mandatory to integrate a robust and comprehensive fraud system to maximize business profits while minimizing risk. Replica Merchants should also consider offering multi-currency payment processing options, SSL encrypted servers and 3D Secure to increase global presence and maximize sales.
Emet Merchant Group is an online merchant account provider dedicated to providing secure credit card payment processing solutions to e-commerce merchants in low and high risk industries.
Ms. Rebekah Salgado, a former executive at Disney.com brings an extensive e-commerce background to Emet's business development sector. Emet Merchant Group provides expertise in the replica industry and has founded several offshore merchant accounts for leading replica merchants. |
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