Do I need to go offshore to be able to find a payment processor

[Moh1]

Hi,


Living in an country outsite US and Europe, I just need to know if I have to incorporate Offshore somewhere for instant in Cyrus to be able to get good credit card processing for my website ?


I considered it due to tax reasons, but some processors just declined me because of my home country.

 

[Safa]

No you don't, you can even have a merchant account in your local bank!


However going offshore with your business will give you a lot of benefits, as I realized, just went through the process and it looks to be great.

 

[clemens]

Moh1, you don't but you will have more options if you are going offshore within a country which still belongs to the EU like Cyprus do.


As I understand of your post than you are very limited in choosing any payment processor right now.

 

[clowdi]

Only for the third country's it would be of benefit to go offshore, since they are almost unable to apply with any US or European payment processor.

 

[gwenpinay]

You don't have to. However, it does seem like your options in your home country are rather limited. If you are aiming for a global market, being able to offer multiple payment options is a must. And for that reason, an EU or US location might make sense.