Trading via internet has become popular among the merchants over time. Day by day, the advancement of technology has helped e-trading to become convenient and easy for the traders. To start trading through the internet, the first and foremost thing that is required is an account. You need the account for obvious reasons, i.e., to receive and send money. Compared to the accounts of merchants who do not trade online, the web-based traders' account is different. They need to have an account with offshore merchant services. So, the question comes how these accounts differ from the domestic ones.
In case of domestic merchant accounts, the trader has his account opened in his native country whereas an offshore merchant account is normally opened at a country that is not the place of residence of the trader. This account gives the trader the convenience of trading at any part of the world. He does not have to remain restricted to a small circle and can obtain the best possible deal from anywhere in the world.
The transaction of money occurs through the companies offering credit card services and payment gateways. It is important to know about the payment gateways because they are the ones that will be responsible for your money.
Traders throughout the world who want to make their mark in online business need to know what options they have before they start their electronic trade. To be very true, there are not many credible merchant services available in the world. There are few numbers of gateways that deal with the payment via credit and debit cards.
The credit card services in India are very few in number and those which exist do not provide a clear picture of their pricing plans. It is very much inconvenient not to learn about the proper pricing plan before you deal with them.
Comparing certain foreign payment gateways with the ones in India, you can find that the overseas gateways seem to be a better option than the Indian variants. They offer very low processing fee and guarantee you a safe and simple transactions. One drawback that Indian traders may find is that they do not deal with Indian currency. So, you have to pay the conversion fee. But, you get the opportunity to deal with their credit card system. They offer you to use any credit or debit cards which are used globally. The use of credit card brings in the fear of credit card frauds. But, the credit card fraud detection system of trustworthy merchant services is very much efficient to keep fraudulent activities away. Their efficient staff and specially designed algorithms work together to stop these fraudulent activities.
Opening your offshore merchant account with these services is very easy. They have this amazing startup kit, which proves to be very helpful for the traders who are just starting their business. Afterwards, when you will have to process $50,000 monthly, your account is set up as a direct international merchant account.
Anthony Taylor is an expert in Internet security issues and has been associated with AlgoCharge, which is one of the leading offshore merchant services for effective fraud detection. The company offers an integrated solution to credit card services, bank transfers and other alternative disbursals using advanced algorithms.