Panama Offshore Merchant Account
Our firm has the perfect solution for those wishing to process credit cards offshore. This offshore merchant account package includes a Panama corporation + bank account + visa debit card + direct deposit merchant account. This is not a third party merchant processing account where your funds are paid to you every 2 weeks. Your funds are deposited directly in your Panama bank account DAILY.
Merchant Account Processing Fees
Discount Rate for Visa And MasterCard
4.75% Of Gross Sales Volume (rates can be higher depending on risk)
US$ 0.50 Per Transaction
Monthly Maintenance Fee
Max. Processing Volume per month
Set Up Fee And Due Diligence
Chargebacks And Credit Policy
- Chargebacks fee: US$ 35.00 per chargeback debited to the merchant.
- Acceptable chargeback rate: Up to 1% for Visa and MasterCard separately.
- All Chargebacks received will be immediately debited to merchant.
- Acceptable credit or returns rate: Up to 5% Visa and MasterCard.
YOUR COMPANY should open two accounts, these being:
Merchant DDA Account:
This account will be credited daily with the sales proceeds. This account also will be
debited daily to replenish the Rolling Reserve Account and to deal with Chargebacks.
Rolling Reserve Account:
The risk account will withhold 10% of the total sales for six months. At the beginning of
the 7th month the 1st month is released to the merchant.
Merchant Account Requirements
- Merchants should process a minimum of USD $10,000.00 / month.
- Website must show privacy, security and refunds policy.
- Website must show pricing of product(s).
- Website must show contact information (e-mail, phone number, fax)
- Shipping preferably by courier, if not, merchant should state that all customers
receive a bill or receipt.
- Merchants should present their last 6 months of processing history.
- Merchant accounts will be granted to companies incorporated in Panama only.
Business Activites Not Accepted for Merchant Accounts
- Adult Entertainment (Gambling, Horoscope, Psychic, Sexually Oriented)
- Age Verification
- Airline Ticket Sales
- Alcoholic Beverages
- Animal Sales And Breeding
- Antiques Or Collector Items
- Any Product / Services Considered Illegal
- Charities Through Outbound Telemarketing
- Check Cashing Services Collection Agencies
- Child Pornography
- Credit Card Protection
- Credit Repair Agencies
- Drug Paraphernalia
- E-Cash Merchants
- Exporters Of Any Type
- Future Deliver Beyond Three Months
- Gaming, Lottery Or Raffles
- Gift Certificates
- Golf Clubs / Accessories
- Home Bases Gun Dealers
- Investments By Internet
- Life Time Guaranteed Products
- Multilevel Or Pyramid Marketing
- Non FDA Approved Drugs Or Medicines
- Outbound Telemarketing
- Pawn Shops
- Programs On How To Apply For Low Interest Credit Cards
- Third Parties Billing Processing œ Aggregators
- Tickets (Travel, & Others)
- Timeshares Programs
- Travel Clubs, Reservation Center
- Products Originally Form Cuba, Libya, Syria, Iraq, Iran, Nigeria, Afghanistan, North
Korea, Eastern European And Or Any OFAC Restricted Countries.
Call +(507) 832-0020 for more details.