A credit card merchant account is a contract between a merchant and an acquiring bank. This contract permits the merchant to process and receive credit card payments. By inscribing this contract, a merchant consents to endure the operational restrictions set by Visa, MasterCard, Discover, or any other credit card network.
Offshore merchant accounts are identical to international merchant accounts. Because the main dissimilarity is that merchants aspiring offshore merchant accounts are typically categorized as high risk by the US acquiring banks. While international merchant accounts are used by both normal & high-risk merchants who like to take advantage of the thriving expansion of global eCommerce.