October 12, 2023 12:48 AM PDT
Follow these below-given steps to obtain an offshore merchant account:
- Research and Choose the Right Jurisdiction: Research offshore jurisdictions known for providing merchant accounts to online gambling businesses. Popular options include Malta, the Isle of Man, Gibraltar, and Curacao. Choose a jurisdiction that aligns with your business needs and regulatory requirements.
- Incorporate Your Business: Register your online gambling business in the chosen offshore jurisdiction. You may need to establish a legal entity and adhere to local business regulations.
- Prepare Documentation:Gather the necessary documents, which typically include your business plan, financial statements, processing history, and a risk management plan. Be ready to provide detailed information about your operations.
- Find a Payment Processor: Locate a payment processor that specializes in offshore merchant account services for online gambling.
- Apply: After identifying the merchant account provider, you can apply for a merchant account.
This is how you can get an offshore merchant account, and keep in mind that not all offshore jurisdictions or payment processors will be willing to work with online gambling businesses, so thorough research and due diligence are essential. However, you can skip this research part by approaching PayCly for a merchant account, which is known for providing the best offshore merchant account for online gambling businesses.
This post was edited by Pay Cly at October 12, 2023 12:49 AM PDT