Liberty Enterprises Inc. was established in June of 1995 with an Internet presence since early 2003. Since that time we have provided offshore merchant accounts and company formation services to businessmen and women around the world.
Reputable merchant account service provider in Panama City, FL. 3 Challenges Every Online Casino Merchant Faces. The global online casino industry is on a roll.
Its market was worth USD 53.7 billion in 2019 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 11.5% between 2020 and 2027. This market growth is driven by increasing internet penetration and the growing use of smartphones. Furthermore, factors such as quick and easy access to online gambling and gaming, legalization and cultural acceptance, corporate sponsorships, and celebrity endorsements are all helping to drive market growth. Entering the online casino industry seems promising, doesn’t it? Yes—but there are numerous challenges that you will face as an online casino merchant. 1. The rapid growth of online casinos comes at a cost—increased cybercrime. 2.
Traditional payment processors consider online casino merchant accounts as high risk for various reasons, including age limits, vague regulations, high-volume turnover, higher-than-average chargebacks, money laundering, and fraud. 3. What’s the takeaway? Choosing the Best Merchant Account Service. Once your eCommerce business is up and running, you will need a merchant account to collect payments using the most popular payment options today—Visa and MasterCard.
However, with so many merchant account providers to choose from, how do you decide which one is right for your eCommerce business? Here are some tips that might come in handy: 1. Do your due diligence. Advantages of having an offshore merchant account service provider. The Shift in Sports Betting and What It Means for Online Sports Betting Merchants. The online gaming market, including the online gambling and sports betting industries, has exploded in recent years and is expected to rise to $2.2 trillion by 2021!
That being said, integrating credit card processing on your sports betting website can be complicated. As an online sports betting merchant, you will have a hard time finding a bank or payment processor who will support your business. Due to the industry’s background and reputation, high chargeback ratio, and the complexities of the federal and state laws and regulations regarding the industry, sports betting businesses are labeled as high risk. As such, you need to have a specialized online sportsbook merchant account to process and accept payments. There is good news: Despite the challenges that drive banks and other payment processors away from dealing with online sports betting merchants, the outlook is looking better.
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Before we answer that, let’s understand why your business may be considered high risk in the first place. Your eCommerce business may get tagged “high risk” by banks and credit card processors due to the following reasons: ● You work in an industry that has historically shown a high chargeback rate or outright fraud. Essential facts about offshore foundations in Panama. Benefits of Setting Up an IBC Formations. 5 Misconceptions About International Business Corporations. If you’re thinking about forming an offshore IBC, you must know about the common myths that prevent you from going the right way.
Once you get the facts straight, you’d be able to move to a jurisdiction that better serves your business goals. Myth #1. IBCs are entirely unregulated. Fact: Talking about offshore IBC formations, these aren’t a free-for-all structure allowing anyone to do anything without supervision. Companies don’t have unnecessary restrictions, but there are specific guidelines for successfully conducting your business activities. Myth #2. Fact: This one is amongst the most pernicious misconceptions of owning an IBC because it stops the otherwise savvy entrepreneurs from gaining the advantages offered by offshore jurisdictions.
Myth #3. Fact: There certainly is some amount of paperwork involved in the intense yet delicate process. Myth #4. Why Are Online Pharmacies Considered High-Risk Businesses? Online pharmacies are one of the fastest-growing businesses all around the globe.
Customers save their time and money purchasing their medical supplies online. Because of this, pharmacies are making a big name in the industry, and so many are well known. What Makes Online Casino Merchant Accounts Preferable? Gambling has ever since been one of the most favored pastimes or hobbies for the active and adventurous audience.
However, today the activity has gained a new meaning. People are making a profit out of this challenging pursuit. Casino gambling is getting increasingly popular on the internet, and more and more websites are emerging every day. One of the significant aspects that differentiate online casinos from the traditional ones is how they process payments. For this reason, if you own or plan to hold an online casino platform, give a good thought on how you will accept payments. 7 Must-Known Facts About Offshore Banking Services by Confidential Banking. By Confidential Banking #1 Merchant Processing Services The decision to engage in offshore banking packages is the one that has been taken by millions.
Offshore banking renders its own advantages and disadvantages. But one thing to consider is that not all offshore accounts and services are the same. Today, offshore banking services are readily available for personal, private, or corporate purposes in numerous jurisdictions. However, it’s equally challenging to gauge the one suitable for you. Understanding Merchant Account vs. Payment Service Provider vs. Payment Gateway by Confidential Banking. By Confidential Banking #1 Merchant Processing Services You might have come across these terms quite often.
5 Important Criteria To Choosing The Best Payment Service Provider. It’s crucial to choose an expert and trustworthy payment service provider that partners with reliable gateways.
Brand recognition is necessary – but that’s not everything you’d want. It’s essential to conduct a thorough analysis to make sure your prospective partner meets your needs. The one you choose must be an industry leader for high-risk merchant accounts, payment gateways, and high-risk credit card processing, etc., if that’s what your business necessitates. Top Benefits of High-Risk Credit Card Processing. Requirements & Process of Panama Friendly Nations Visa. How To Start Your Sports Betting Business & Make A Killing? Running your sportsbook is an alluring prospect. Statistics mention that it’s a market worth over $3 million. More than $150 billion is wagered in the United States alone. So here’s a quick overview of the possibilities you can profit from and make a killing.
How Does Crypto OTC Trading Work? OTC trading plays a crucial role in the crypto industry, but not everyone understands how stuff works. Like its traditional financial counterparts, crypto OTC deals with immense volumes, outside the public eye periphery, and with seeming opacity. In this article, we’ll quickly brief you on what the practice is all about, as well as how it actually works. Definition: Crypto OTC Trading If you’d want to enter the financial markets either as buyer or seller, you can trade in two different ways – exchange or OTC. The Why and How of Setting Up an IBC. Offshore companies, also known as International Business Corporations (“IBCs”), are growing increasingly popular among individuals and businesses alike. But why?
One of the primary reasons behind the growing popularity of IBCs is tax savings. The populace from high tax countries (e.g., the U.S.) often consider offshore IBC formations in tax-friendly jurisdictions (e.g., Panama) to reduce their tax liabilities. Other reasons include: An offshore business formation offers legal asset protection by making your assets more confidential and private.Offshore jurisdiction imposes much lesser fees than onshore jurisdictions.It is possible to establish an offshore company without disclosing the information of the nominee manager or director.
Establishing an offshore presence for your business can be a very beneficial prospect, to say the least. Is offshore banking illegal? Although offshore banks are often treated with suspicion, they are perfectly legal. They are simply bank accounts set up in any country that is not your country of citizenship. They are not too different from a domestic bank account. Using offshore banking to avoid paying taxes you legally owe or for illegal activities?
That is, of course, illegal, but not because offshore banking sits in some gray area of the law. Breaking down the process of obtaining a merchant account. As an online merchant, you should have a payment mechanism in place that allows you to accept different modes of payments, especially credit card payments. However, the process of obtaining a credit card processing account (or a merchant account) is not as straightforward as applying for a checking account. It is filled with complexities and industry jargon that can seem overwhelming if you are not prepared. In this article, we will try to give you some insight into the process of securing your credit card processing account. Hopefully, this would help you get your account set up smoothly. 1. What you need to know before setting up an offshore merchant account.
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The world is becoming a massive marketplace. People are buying and selling across borders, and the platform is quite vast. This is the reason why business owners are providing multi-currency payment gateway to their customers. If your business collects payments in foreign currencies, this blog is for you. Multi-currency processing features are especially a necessity for when you are into the gaming industry, and participants from all over the globe initiate multiple transactions. Want To Get A Second Merchant Account? Know This First! Five Reasons to Consider Setting Up an IBC. What You Need to Know About Bitcoin Trading. Considering that there are 4.6 billion active internet users (or about 60 percent of the global population), the need for a global, secure mode of payment has become a no brainer. This is where cryptocurrencies such as bitcoin come in. E-Check / ACH Requirements? Reputed merchant account services provider in Panama.
How to Set Up an Offshore Bank Account? How to Secure the Best High-Risk Credit Card Processing Account? by Confidential Banking. By Confidential Banking #1 Merchant Processing Services For any business, beginning to accept credit cards as a means of payment can yield substantial increases in both the company’s customer base and its profits. But for online businesses that operate in the “high-risk” industry, the need to accept credit cards is a critical component of any business that hopes to thrive — or even continue to operate — on the world wide web. Why is Panama the Best Choice for Your Offshore Operations?
Apart from liberalized taxation norms and regulations, other key aspects that determine the utility of a jurisdiction in terms of providing offshore banking services include reliability, security, confidentiality and flexibility. If you are looking for a jurisdiction based on these criteria, Panama should be an ideal choice. Offshore banking can be explained as the process of opening a bank account and conducting banking operations in any country other than the one where an individual resides. Debunking 8 Common Myths About High-Risk Merchant Accounts by Confidential Banking. Leading merchant account service provider in Panama, FL. Benefits of Offshore Merchant Account. Secure your pharmacy merchant account with Liberty Enterprises. Finding the perfect payment processor for your online poker business.
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