what are the competitive interest rates when you set up an offshore merchant account?
i’m working for a travel agency and my supervisor has assigned me to open an offshore merchant account.
The rate in the market would be ranging from 5%-8%. I suggested a range because your rates will actually depend on the type of business you are into and other several factors. Just to make sure that you get what you’ve bargained, contact a third party processor will be useful. They have coordination with foreign banks and will give the features that will suit your needs.
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