A Payment Processor is a company, usually a third party that has been appointed by a merchant, trader or a bank to handle transactions from various channels such as credit cards and debit cards and is responsible for the allocation of funds between businesses and consumers.
The payment processor is a popular license due to the forward movement of internet business worldwide. By obtaining a payment processing license you are allowed to collect third party client funds directly into your account and after applying your own percentage fee have the funds forwarded to the final creditor.
You can manage a payment processing services from or within an Offshore Jurisdiction; however this is done only after getting the relative License from the International Financial Services Commission (IFSC).
If you are considering starting your own payment processing companyStarting Offshore can assist you in applying for the desired license. Our company is well versed in the management, know-how and proficiency of the Payment Processing Business and Services. We will ensure the license is acquired in a timely and professional manner while our knowledgeable consultants can advise on how to comply with the relevant regulatory body and how to manage your company in accordance with the chosen jurisdiction’s laws.