Are offshore merchant account providers a scam?

While some merchant account providers may just be nothing more than online crooks seeking to pull a fast one, not all of them are, some are actually pretty legit, like adult merchant pay.

No. It is not true. What I am guessing this article is basing their claims on are how some third party providers (companies that share their merchant account with other businesses) tend to go out of business and leave many of their merchants missing funds they are owed. This is very rare.

The vast majority of overseas providers are stable and legitimate. You’d be hard pressed to find a case where a company scammed its users.

No not all off-shore merchant accounts are bad or scams. There are domestic accounts that can be even worse. Some merchants, here or abroad, just don’t care you have a business and/or a family. They will lie to you to set up your account and than take and hold your money and give you more lies! This has happened to me 3 seperate times and NO I didn’t have high chargebacks, I had NO chargebacks. They all claimed high volume and they approved me for it. I finally found a merchant that has given me no issues (knock on wood), they are offshore and let me process whatever. Stay away from upfront fees, I paid a fee, but they broke it up for me in 4 payments. Ask questions and choose wisely!

1) No.
2) No.

check out – consumer resource center. all kinds of scam info there, there’s also a forum where u can keep up to date on current and future scams. And if u have any questions just post it in the forum and somebody out there should help u. Best of all it’s FREE 2 join, just register at the top it’ll be worth it for u to keep up 2 date on scams/fraud. Hope this helps.