50 States Classifieds

What is the difference between Onshore and Offshore Payment Processing?

Onshore processing accounts are facilitated by United States based processors and are therefore beholden to United States banking rules and laws for underwriting new accounts and determining risk. One of the most difficult rules for an onshore merchant to follow is the 1% chargeback rule. In the simplest of terms, if a merchant’s account has more than 1% chargebacks in any month then it is subject to closure and all funds are to be held for 270 days.

Offshore processing account providers are foreign firms specializing in credit card processing. These entities are not bound by the statutes of the United States. The main advantage for a US based company to process their transactions offshore is that the chargeback threshold may be higher, up to 2% in some jurisdictions. This is one of many advantages of processing offshore. Overall, there is a general sense that International banking institutions loosen up their constraints to the more liberal international rules of commerce, rules which should allow you to operate your business legally and securely within the parameters of the credit card companies’ terms of service.

Why choose Parallel Solutions?

At Parallel Solutions we have the experience, relationships, and technology that will allow your business to process transactions quickly, securely, and consistently with bank partners that understand your unique needs. With Parallel Solutions you can be sure that your ability to operate your business is our number one concern. Our program will place you in the ideal situation to do that safely and securely, so you can concentrate on running your company. If you need a merchant account or a high risk or offshore merchant account, contact us!

Do you need a merchant account?

You can accept credit cards, ach, and many other forms of payment online in real time. With a 99% merchant account approval rate, Parallel Solutions welcomes merchant applications from all industries, business types, sizes and locations. Let Parallel Solutions provide you with a merchant account today!

Are you a high risk merchant?

As a high risk merchant processing through a United States based processor, your threshold for chargebacks and other no-no’s in the processing world will be much lower, you’ll be held to a higher standard than other merchants, and kept on a shorter leash. By having an offshore merchant account to backup your onshore account, you can ensure there will not be a lapse in business, as your processing will not falter if your onshore processor shuts you down unexpectedly. Additionally, there will be instances that it will be beneficial to process through your offshore account vs. your onshore account, whether that be due to processing caps, higher tickets with chargeback issues, or a multitude of other reasons.

Domestic Credit Card Processing

Domestic Credit Card Processing Services

Parallel Solutions offers US based merchants high-risk merchant solutions. We have partnered with 1st tier processing partners to offer a wide range of high-risk merchant account payment processing solutions for your growing business. Whether you need a retail brick and mortar merchant account, online e-commerce merchant account, or mail order/telephone order (MOTO) merchant account, Parallel Solutions is your high-risk credit card payment processing solution.

Do you need a Merchant Account?

A merchant account is set up with a financial institution to allow you to accept credit card payments directly from your clients. Unlike with most third-party services, money collected through your merchant account is deposited directly into your checking account within 2 to 3 business days for domestic accounts, and weekly or bi-weekly for offshore account. Your business will need a merchant account if you want to take credit card payments from your clients, and have the funds deposited directly into your business checking account.

Choose Parallel Solutions and enjoy secure API Integration

API Integeration- with our API Integration solution you will utilize the highest level of secure transaction infrastructure available. Our API uses secure sockets layer (SSL) digital certificate technology to connect securely and directly between your locations and our payment network. Our engineers will work with any software provider to ensure full integration of our gateway into their software for a totally seamless experience. In addition, if you integrate your software with our solution, we will pay you. We have created an additional revenue stream for you, our partner, through our Referral Partner Program.

Do you need check processing services?

Check Processing Services (including ACH & Check 21) are available from Parallel Solutions!

Would your business benefit from accepting the most used method of payment in the U.S? Parallel Solutions makes it easy to accept checks from anyone, anywhere, anytime. Our ACH product uses the Federal Reserve’s Automated Clearing House (ACH), also known as Electronic Funds Transfer (EFT), to process checks received through your web site. Our ACH product integrates seamlessly with your shopping cart or web site payment page. All of this is done on Secure Servers (SSL Encryption)and each account is pass code protected for maximum security for you and your customer.

Parallel Solutions offers Offshore Credit Card Processing

Are you looking for quality Offshore credit card processing services for your business?  Parallel Solutions has the bank relationships in place to offer you a dedicated or sponsored merchant account through our partners in the European Union (Europe) and the Caribbean region. Payments are reliably made directly by the bank to the account of your choice.   In order to begin the application process, simply click Apply Now and fill out online questionnaire. One of our knowledgeable representatives will contact you to discuss your business and inform you of your options.  In most cases, merchant account setup can be completed in as little as 2 weeks. Once you are approved, you will be able to accept several different types of credit cards.

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