When you start you online business with a website and you start getting orders from your customers which properly found you on the major search engines like Google. You will quickly realize that you need to accept credit card payments on your website and also figure our which other online payment methods are available.

There are different ways to go for your goal, however if you are a startup merchant which need a quick solution, we suggest you to go with 2checkout.com a 3^rd party processor specialized in small merchants with a volume lower than USD/EUR 5.000.

Alternatively you can go with Paypal.com or even moneybookers.com to accept credit card payments. The smart thing by using those payment processors are you can get started right away and don’t need to go through a in sometimes, complicated process to get approved for your own Merchant Account.

To accept credit card payments with a already existing business and with a good amount of monthly turnover we suggest to apply for an merchant account and integrate your website with a payment gateway to accept online payments and credit card payments.

However, before you go for your own merchant account you will need to make sure that your website is compliant as described in the beginning. You will need to make sure that you have the Visa and Mastercard logo on your payment page, where people enter their credit card information.

When you search on for instant Google for “accept credit card payments” or online payments or even merchant account, you will find thousands of companies which offer their services, be careful, it has been known for many years now that there are companies out there which are ready to rip you off. When you found a company which you will relay on in order to accept credit card payments or online payments, be sure to make a search on the domain name to see if any results come up with SCAM reports or rip-offs.

CCLOGIC has specialized in seeking merchant accounts and online payment methods for their clients, we have been in this business for many years (since 2001) and know almost any new comer and reliable company, we have helped many people to accept credit card payments on their website, so do not hesitate to contact us if you consider to make online payments available on your website.

Banks corporate secrecy laws typically impose civil and criminal penalties for unauthorized disclosure of confidential information, including information on the beneficial ownership and control of corporate vehicles. These laws diminish the capacity of authorities to obtain and share beneficial ownership and control information when they not provide mechanisms for domestic and international authorities fulfilling their regulatory/supervisory or law enforcement functions to access records.

Above is part of an article we found on a website of OECD. The purpose of the entire article is to inform people about the illicit use of bank accounts for laundering money or to hide money from tax authorities.
The main purpose for an offshore bank account is to have it opened in the name of the offshore company to be able to get all the benefits from your offshore company operation. Beside the tax benefits and asset protections possibility, often such offshore vehicles are used to be established by people which live in countries where they are unable to open an bank account.

Another widely used reason for opening an offshore bank account and an offshore company is if the business conducted is Internet based. The card associations has divided the world in about 6 regions and prohibit people from one region to clear credit card transactions in another region then where the company and the business is conducted. To work around this problem it is common to open an offshore company which fells into the region of where the Acquiring bank is located with whish the transactions should be cleared.

Other aspects are the legal issues of certain product or services, for example the distribution and selling of replicated products of brands is prohibited in most parts of the world if they are not licensed. In some countries it is however, possible to sell those products; typically China is such a country. To be able to sell such products on the Internet you will need to become a credit card acceptance agreement with a bank in the region where it is legal to sell the product. But those banks (as already explained above) require you to be incorporated in the same country as the Acquiring Bank. To work around this you will need to establish an offshore company for instant in China; since it can be overwhelming to open a company there it could be of benefit for you to have the Chinese entity to be owned by a “more close to you” company which in worth case can be liquidated and in that way not harm you or your economy.

[...] Read the entire article at web-chamber.com

Thank you for your reading and we hope to be able to serve you once in a while when you decide to register a Cyprus Offshore Company or need a Cyprus Bank Account or just want to Accept Credit Cards on your Website. Then please contact cclogic.com | Please also feel free to visit our Merchant Servise Discussion

Many websites will redirect the card holder to a “shared” or “secure” payment form which is hosted at the payment gateways end, and which (if the PSP is PCI compliant) is secure. In some cases and on large web shops it is sometimes of benefit for the website owner to integrate their website directly with the payment gateway which keeps the card holder on the website which then again will leave the card holder get a better experience in some cases.

However, since PCI hasn’t reached all websites and web shops on the Internet, then you will still find places which don’t redirect you to a secure payment form and which aren’t PCI compliant. This websites are unsecure and you should avoid them for any price. If they for any reason are unable to obtain a valid PCI certificate then you can be assured that it isn’t safe to enter your credit card information there.

I have seen many cases, where those website owners want to have the card holder to be kept on the Website/web shop without being redirected to any secure payment form, due to a more professional look and various other reasons, as they explain. I even heard that some want to store the card information because they want to use it for marketing and fraud prevention. However at the end of the road they didn’t care about the security, people think that just because the card information is encrypted then it is safe to store it, to those people, you are SO WRONG, it take so much more to get the proper security implemented to avoid any security breach or even avoid hackers to get the information. It is a task which many think they can overcome but they quickly see that it will cost a few bugs to get it done and because of additional expenses they just leave it and pray that nothing happens or even just don’t care about it.

It isn’t that expansive for a website owner to get compliant and have the proper security and patches applied to your server, and you can find some low cost providers like hackersafe which will help you to be and stay complaint. In my opinion a few thousand dollars should be worth it.

Many people will try to tell you other stories and have found the key to a short cut, don’t believe them; you have to follow the PCI compliance regulations which I already provided a link for.