Hi,

am looking for a payment processor that can take online payments and process them and transfer the monies into an offshore account.

The website is based on OSCommerce

So far the only decent company i can find is Durango Merchant Services.

Can anyone vouch for this company.

The only other option it seems is 2CO, which there seems to be a fair few bad reviews.

Durango Merchant Services are brokers, and do have a great services you can rely on, the most of the service providers they work with have been in the business for a decent of time and are larger corporations with many years of experience.

Even with the reviews you will find on 2CO they are still a reliable company which just has that many clients that to avoid any negative reviews from time to time isn’t possible.

Looking at alternatives then you might look into Chronopay or the former metacharge, http://www.paypoint.net/ if you are in the US you should into the services CDG Commerce is offering or MerchantPlus.
Hope above helps.

it depend what kind of busienss you have, there are popular option for merchant account in Panama, Mauritus, Belize, Nevis. You would need to set up local company to get merchant account.

Hi,

am looking for a payment processor that can take online payments and process them and transfer the monies into an offshore account.



I agree, it depends on the type of business/product you plan to sell. A few of those mentioned will only process for certain business types, so be sure to read their TOS and acceptable types.

If your monthly volumes are greater than $40k or so (depending on bus type), you might consider getting a direct merchant account and utilize their preferred processor for a safe solution.

I hope this helps

you can get your own merchant account also with lower volume, $10000 per month in some banks

Hmmm interesting. How do i go about setting up my own merchant account?

Use google, there are thousands of providers/ISO's to choose from. Remember, you will pay much higher to use an offshore account

Hmmm interesting. How do i go about setting up my own merchant account?

These guys forgot to mention you need a processing history for almost all direct accounts. The stuff that's offered for new businesses is mostly 3rd party/agg stuff.

I am sure they can do a low limit (5K) processing based mainly on the principals credit/history

offshore banks will not provide merchant account for amounts lower then $10k per month

2CO is absolutely ok for any types of payments. Offshore or not offshore - this is a technical issue.

Hi,

does anyone know if 2Checkout accepts payments on our own website or are they diverted to 2Checkout pages?

Thanks

2CO is absolutely ok for any types of payments. Offshore or not offshore - this is a technical issue.

You should open an account in HooPay (http://www.hoopay.com), they are offshore and they make withdrawals offshore

You should open an account in HooPay (http://www.hoopay.com), they are offshore and they make withdrawals offshore


Will check them out

mashreqbank.com providing Merchant Bank Account and Onlnie Payment Gateway.

They support US$ and AED currency account.

Its cheaper then 2co.com

mashreqbank.com providing Merchant Bank Account and Onlnie Payment Gateway.

They support US$ and AED currency account.

Its cheaper then 2co.com

Do they also accept merchants from Europe or do the merchant need to incorporate in for instant dubai?

I think they only support the clients from the UAE.
If you have a incorporate in dubai or any other emirates then you can take their service because they required a Trad License of the company to open a account with them.

Raza

I think they only support the clients from the UAE.
If you have a incorporate in dubai or any other emirates then you can take their service because they required a Trad License of the company to open a account with them.

Raza

can you give more details on this? a customer of mine has account with ADCB Bank and what's to process CC payments for his software company.

You didn't say what kind of product/service you are planning to sell. 2CO are very picky.

http://www.2checkout.com/community/blog/category/getting-started/our-policies

They are a global payment processor and they don't charge for ACH deposits to certain US and Canadian banks. I am considering them, but their fraud policy is what everyone seems to complain about.

customer is offering some homemade software products and also making custom software for an hourly wage.

But 2CO charge 5.5%??? this can't be done cheaper?

I think they only support the clients from the UAE.
If you have a incorporate in dubai or any other emirates then you can take their service because they required a Trad License of the company to open a account with them.

Raza

we contacted mashreq, but they do not accept offshore companies??