Free offshore merchant account: Real or Rumor

Offshore merchant accounts, though very alluring mainly because of it&#39;s tax-reducing opportunities, is often associated with high processing fees mainly because you&#39;re dealing with foreign banks who have different criteria for charging fees.&nbsp; So, can you put the word <strong>free</strong> and <strong>offshore merchant account</strong> in one phrase? Yes. Definitely.&nbsp; <br /><br />A <strong>free offshore merchant account </strong>charges:<br /><br /><ul><li>zero fees for application</li><li>zero security deposit <br /></li><li>zero fees for payment gateway setup</li><li>zero fess for monthly statement generation and sending</li><li>zero fees for annual membership</li><li>zero fees for overlimits (if you have a high volume business)</li></ul>But take note, the word free is a relative term.&nbsp; What free means in this context is that you have nothing to pay upon applying for one, nor&nbsp; pay for unnecessary fees.&nbsp; What makes an <strong>offshore merchant account free</strong> ultimately is that you have less tax or no tax to pay for the reason that the funds are being processed outside U.S. soil.&nbsp; Keep in mind that merchant accounts, be it offshore or domestic, you&#39;ll always see a fee or two. If it&#39;s TOTALLY FREE, then something&#39;s not right.