I am a newbie , so sorry if this was asked already.
We are looking for an offshore merchant company that will process all our orders offshore and settle our funds just like a regular merchant company within 24-48 hours of the funds being settled on to our offshore bank accounts.
We are in the nutrition industry, selling weight loss products mainly. Our gross annual volume is in the 7 figure range, we have a great history with our processing company and minimum chargebacks.
Unfortunately our current processing company doesn't offer offshore settlements, they can only deposit funds within North America. We need a merchant company that will deposit the settled funds into an offshore bank account.
So here is my question can anyone with real experience and knowledge about this matter PM or reply us back on what companies we should contact to open an offshore merchant account and gateway.
We looked at companies like 2checkout but they deposit funds twice per month I believe, and they are not really a credit card processing company. We are looking for real processing company like Authorize.net, FirstData or Moneris.
Any help is much appreciated.

doesn't seem website they have a website up.
how about chronopay ?

When you say "offshore"; exactly what jurisdiction are you referring to?

As far as I know 2Checkout deposists funds one a week, however I have heard they charge quite a lot for their fees.
Even I am looking for a US based merchant bank account where I can signup and then signup for a good gateway such as Authorize.net. Any recommendations for US based merchant account where non-us residents can trust their business?

When you say "offshore"; exactly what jurisdiction are you referring to?
We would like the funds to be transferred to the new company in the Cayman Islands or any other safe offshore country. Most of the merchant companies and gateway companies won't do that in North America it seems like it.
I am wondering can we not directly get an merchant account from a major bank in the offshore country? Than we would only need to find a gateway company. I heard that most offshore banks will not provide you with a merchant account if your business is not physically there. Is that true?
Any help appreciated.

We would like the funds to be transferred to the new company in the Cayman Islands or any other safe offshore country. Most of the merchant companies and gateway companies won't do that in North America it seems like it.
I am wondering can we not directly get an merchant account from a major bank in the offshore country? Than we would only need to find a gateway company. I heard that most offshore banks will not provide you with a merchant account if your business is not physically there. Is that true?
Any help appreciated.
You can definitely get a merchant account from offshore acquiring banks even if your business is not physically there. But it will be extremely difficult if not impossible to get 24-48 hour daily settlements, that exposes the acquiring bank to too much risk. Most offshore MIDs would pay out weekly settlements, one week in arrears, at least to start.

You can definitely get a merchant account from offshore acquiring banks even if your business is not physically there. But it will be extremely difficult if not impossible to get 24-48 hour daily settlements, that exposes the acquiring bank to too much risk. Most offshore MIDs would pay out weekly settlements, one week in arrears, at least to start.
I guess we could live with getting settlements weekly. As long as its with a trustworthy company that doesn't freeze/hold our money for some stupid reasons. I have heard horrible stories, but i guess those people dealed with 3rd party merchant companies and not a real bank with own merchant services.
What offshore countries would allow us to do that? Cayman Islands, Switzerland or any other?

You can definitely get a merchant account from offshore acquiring banks even if your business is not physically there. But it will be extremely difficult if not impossible to get 24-48 hour daily settlements, that exposes the acquiring bank to too much risk. Most offshore MIDs would pay out weekly settlements, one week in arrears, at least to start.
Can you please PM me with the contact info you have for inpaysolutions? It would be much appreciated. Also where should we in your opinion incorp our offshore company?

I guess we could live with getting settlements weekly. As long as its with a trustworthy company that doesn't freeze/hold our money for some stupid reasons. I have heard horrible stories, but i guess those people dealed with 3rd party merchant companies and not a real bank with own merchant services.
If you have the processing history and the volume, your ONLY bet is to go direct MID, not 3rd party. As long as the acquiring bank is directly paying you your settlements without any ISO, gateway processor, or any other middleman handling your funds, the solution will be solid.

Can you please PM me with the contact info you have for inpaysolutions?
WHT doesn't enable PMs by default on new accounts -- you have to go to your User Control Panel and activate that.

I think I can help. I run a travel business and I have an offshore merchant account. The company I am processing with is called Stradafee. I have been with them for over a year and I have not had any problems. I am even able to sell in Euro and JPY. I think they would be able to help you. Stradafee has a website check it out.
Good luck!

thanks i will definitely email them

your welcome! let me know how things work out! :)

Anytime you use an offshore account expect to pay much higher fees