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.

Web Commercial for Parallel Solutions

We are pleased to announce the creation of a brand new web commercial for a client, Parallel Solutions!

[youtube=http://www.youtube.com/watch?v=6cKnKzz14To]

Do you need an offshore merchant account? Call Parallel Solutions!

If you are a high risk merchant or are looking for an offshore merchant account, give Parallel Solutions a try!

[youtube=http://www.youtube.com/watch?v=6cKnKzz14To]