Much of what will be covered here was covered in a previous post about why banks say no to you but yes to me. I’d highly recommend reading that post first. So you want to accept PayPal as an offshore company. Maybe you can’t even find your IBC jurisdiction of…
Read More
I am writing this post a few weeks in advance, so – who knows – maybe this whole post will be outdated by the time its scheduled publication date comes around. Update on the 6th of March 2014 – This whole article was written before the Mt Gox collapse. What…
Today I will go through alternatives to merchant accounts which are suitable for high risk offshore businesses. There are payment methods and payment service providers (PSPs) that are more likely to accept high risk ecommerce. Speedcard Speedcard is an e-wallet like solution from the well-known offshore bank FBME, featured in…
This will be a high-level introduction into what it means to be an offshore high-risk merchant in the ecommerce sector. What is Ecommerce? Merrian—Webster defines ecommerce as “commerce conducted via the Internet”, which is nice and simple so we’ll stick to that. What is a Merchant? That’s you, if you…
So you saw someone offering no-name prepaid offshore cards and now you want to know all about it? Great, but let’s first go through how these cards work and why you should probably avoid getting one unless it’s straight from a bank. The (Re-)Seller These cards are often sold by…
This is a question I get a lot from people wondering how to receive money from their customers anonymously. The first thing I ask them is: From whom to want to hide your identity? There two categories here: Hiding from the customer. Hiding from the authorities. Let’s go through them…