Request a callback
Tax Engineering

Payment gateway: Low risk

tell a friend

If you carry out low risk commercial activity and want to accept all major credit or debit cards in your online store, then low risk payment gateway is a perfect solution for you. Low fees, remote management and easy contracting are only few of many factors that will help your business grow.

Reference: PP87789BR

$235

Offshore payment gateway: Low risk

Many providers offer low risk payment gateway service with inexpensive fees. However, this type of virtual POS can be approved only once the level of risk your business activity involves is measured. The factors that financial institutions take into consideration before making a decision are: 

  • Nature of business; 
  • Average sale ticket; 
  • Number of monthly transactions; 
  • Number of chargebacks;
  • Country of company incorporation.   

Following this criteria, the financial entity considers your business activity as of low risk if: 

  • You sell a tangible product or service whose quality can be easily verified; 
  • Your average sale ticket is less than 100 USD or its equivalent in other currency;
  • The amount of chargebacks that you receive is close to zero;
  • You have a stable number on monthly transactions along the year.  
  • Your company is registered in a low risk country.    

Another very important aspect that lowers the risk of your commercial activity is a protocol that you use when accepting debit or credit cards in your online store. There are currently two types of protocols that a client can choose: 3D Secure and Without 3D Secure or so called Traditional protocols. It is very important to opt for 3D Secure protocol in order to assure that your low risk payment gateway application is approved. Why? Unlike Traditional protocol, 3D Secure involves the verification of cardholder´s identity forcing him to introduce a secure code that either was sent to his cellphone or given to him when the bank account was opened. 

3D Secure protocol is a perfect way to protect your online business from frauds and offer higher security level to your clients. Because the cardholder has to introduce the unique code, the risk of him claiming that his card was stolen and it was not him who made the purchase and therefore he is requesting a return of funds is very small. In this case the bank issuer of a card has to assume all the responsibility for the transaction. However, in case if a cardholder made a purchase trough 3D Secure protocol and received a defect product it is in his rights to claim a financial compensation and receive a refund of total amount paid in merchant´s online store. Therefore, as you can see, 3D Secure protocol is a perfect way to protect your business from card frauds and make your clients feel more secure when purchasing in your online store.  

One more factor that should be taken into consideration is a process that the client has to go through in order to make a purchase. It is very important to leave a link to Terms and Conditions where a client can easily find it. In case of a regular order placement, such as payment button that adds a product to shopping card, the client has to introduce certain information about him and verify his identity. But what happens when you want to charge your clients by phone, to use so called MOTO payment method? Unfortunately, MOTO cannot be used if you want your business to be considered as low risk and charged low commissions. When a client makes a payment via phone providing only his credit or debit card and CVC numbers there is no way to verify if he is a legit cardholder of this card. Therefore, anyone who has an access to this card can use it for fraudulent purposes. Therefore, those online stores that opt for selling their products or services via phone will be charged higher fees due to the greater fraud risk.      

Always keep in mind that financial entities never accept businesses related to money laundering activities and, when detected, block the terminal and include the company to their blacklist so that it cannot apply for a new payment gateway later on.   

Low risk offshore payment gateway: Advantages  

  • Low processing fees;
  • Implementation of anti-fraud and anti-money laundering protocol;
  • Possibility to accept all brands of debit and credit cards (Visa, MasterCard, Amex, Diners Club, Cirrus, Discover);
  • Considerable tax saving
  • No need to present a credit history;
  • Low risk payment gateway for recently registered companies;
  • Unlimited number of processed transactions;
  • Physical presence of online store´s owner is not required; 
  • No restrictions on whether the company is offshore or onshore;
  • 99.99% of approvals within 48-72 hours; 
  • Customer support in English, Spanish and Russian.

Low risk payment gateway: Commissions 

The fees depend on the nature of business, percent of chargebacks and type of service or product that the merchant will be selling. 

Commission per transaction
3,5% o 5,5%. Depending on the level of risk and nature of business.
Commission per each transaction OK
0,75ct/euros
Refund
5 euros or 10 euros per refund. Depending on the level of risk and nature of business.
Chargeback
50 euros per chargeback
Wire transfer
5 euros, 15 euros or 70 euros. Depending on the country where the client has his bank account.


* To confirm the exact rates, please contact us via phone, e-mail, Skype or WhatsApp.

* Contract low risk payment gateway for e-commerce without physical presence. All arrangements are made through e-mail and / or certified mail.

  •  
    with internal anti-fraud management
  •  
    Visa, MasterCard, Amex, Diners Club, JCB and Discover
  •  
    24/7
  •  
    3DSecure and without 3DSecure
  •  
    in real time 24/7
  •  
    Certified by a notary or notary public
  •  
    Certified by a notary or notary public
  •  
    Electricity, water, gas, telephone or bank statement
  •  
    in English
  •  
    Articles of incorporation of the company, memorandum of association, register of directors, registered shares certificates and for companies registered more than one calendar 1 year ago "Certificate of good standing"

Make a question or comment

Also you might be interested

Recent posts

What is Beckham law and how to take advantage of it?

Special purpose entity to reduce tax liability

You also can open a bank account in Andorra

Why and how to invest in gold?

What are the most famous tax havens?

How to transfer money to offshore?

Transfer prices: What are they? How do they work?

What are Holding Companies?

FINANCIAL SERVICES

Offshore Company

Bank accounts

Prepaid cards

E-commerce package

Payment gateway

Online gambling license

Private foundations