International Merchant Accounts are global payment solutions which give online businesses the credit card firepower to accept currencies of various denominations from their online customers around the globe.
Many online businesses operating outside of the US, UK, Germany, France and Italy, are denied an appropriate overseas international merchant account. As a consequence of this action, they become immobile and are unable to carry out muti-currency e-commerce transactions. Without international merchant accounts they then lose the ability to sell their products and services to customers in foreign countries.
JJS Global has changed all that. The high-profile credit card processing company has joined hands with Merchant acquiring banks located in over 10 countries worldwide. This merchant acquiring collaboration has now made it simple for international merchant accounts to be obtained for most offshore online businesses. Online businesses and moto (mail order telephone order) businesses in over 50 countries worldwide now readily benefit from the prevalence of multi-currency payment processing with international merchant accounts through JJS Global. This feature takes credit card transactions to a whole new experience.
Upon opening an international merchant account with JJS Global specific features that come along with the attaining international merchant accounts include shopping cart software, a Virtual Merchant Management Center and fraud screening features.
Getting a suitable International Merchant Account
The Internet is the best online resource to begin searching for the perfect international merchant account. Shop around to get an idea of the various deals that merchant service firms have to offer. Chose a reputable Payment Service Provider, one that has been in business for at least 3 years, is highly advisable. Make sure the Payment Service Provider is easily reachable by telephone and is quick to reply to your merchant account questions. Make sure you are not paying any application fees for your merchant account. Once your merchant account application has been approved by the merchant acquiring bank, generally speaking, a Merchant account fee is charged. This generally ranges between $500 up to as much as $1000.
What are the general Rates International Merchants pay for their International merchant account?
International merchant account rates are assessed on a case by case basis. Online merchants with high monthly sales turnover in excess of $1 million generally pay between 3-4% for their merchant account, whilst start up online merchants and, those online merchants with low monthly sales turnover (less than $50,000 per month) generally receive rate offerings between 4-5% for their merchant account.
What is the usual timeframe from when I submit my merchant account application to actually receiving a merchant account approval?
JJS Global generally receives an answer from one of its' merchant acquiring bank providers within 3 working days. Upon receiving a merchant account approval notice a JJS Global Account Manager communicates all the credit card processing terms and conditions of the bank to the merchant. If the merchant accepts the offer, a merchant account contract is emailed to the merchant for them to sign and return the contract back to JJS Global. Live processing can usually start 24-48 hours later.
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Applying and processing for a new merchant account is easy and takes a very short time. Send us your request by completing the application below.