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Tax Engineering

What is a virtual POS terminal?


Question

What is a virtual POS terminal?

Answer

An offshore virtual POS is used to charge debit and credit cards websites or by phone outside the country of residence of the beneficial owner or the country of registration of the company with the corresponding tax savings. Depending on the type of business, the offshore payment gateway can be considered low risk, such as a book sale, or high risk business, such as a travel agency, pharmacy, and casino.



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