What is an offshore payment gateway?

03 Mar 2022 By PAYCEC

Offshore is a term indicating a location outside of a country that business is based. When it comes to the finance and banking services industry, offshore is similar to international service that enables clients to find the service outside the region where their primary headquarters are located.

Offshore payment gateway has become a common payment service for global ecommerce companies in recent years. Borderless business is the main benefit in ecommerce, and international firms may rely not only on local transactions but also international orders. As a result, online businesses should integrate an offshore payment gateway into their websites to accept credit, debit, or digital payments from their customers outside of the operation regions.

An offshore payment gateway with an accompanying merchant account is a financial instrument that allows a company to accept credit or debit card payments online from customers who are not located in the same country as the company.

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