Offshore Payment ProcessingPayment processing is a crucial function for any company. Given the complexity of online payment processing systems, most e-businesses outsource this function to third parties, called merchant account providers. Because offshore e-businesses need to make sure that they maintain permanent establishment in the offshore jurisdiction, this function is often carried on by offshore payment processing systems.
The following questions have been addressed in this article:How does it work?
Why should a business choose to process payments offshore?
What types of payment processors are available offshore?
What are the best jurisdictions for offshore payment processing?