NBS Agents >> Merchant Account Agent and ISO Programs

I am currently starting up an internet business. I know that there are a lot of risks when working online, especially in the area of fraud and people using stolen CC details etc.

Due to these risks I am going to signup for a High Risk Merchant Account.

This will be more leniant in the way of chargebacks and my funds wont simply get frozen if I get a few chargebacks unlike banks within the UK where there are close to none High Risk Merchant Accounts.

Is it legal to have an offshore merchant account within tax laws and simply the case of having the account?

I don’t know this type of account but it is certainly lawful to have any type of account you want, wherever you want it. Any profits in that bank account need to be included in your business accounts for tax purposes, of course.

One Response

1. David H Says:
   December 8th, 2009 at 3:04 am

   I don’t know this type of account but it is certainly lawful to have any type of account you want, wherever you want it. Any profits in that bank account need to be included in your business accounts for tax purposes, of course.
   References :

Leave a Comment