Settlement in Multiple Currencies

US-based credit card processing companies can provide small business merchant accounts solely to domestic business entities, with an address and bank account within the United States. They will settle your funds in US dollars.

In order to get your credit card processing transactions settled in a foreign currency, you will need to get an offshore credit card merchant processor. The bigger companies among them have relationships with multiple processing banks, located around the world and can settle your funds in a number of foreign currencies.

Before selecting the offshore option, however, it will be a good idea to look at the numbers and see if it is worth it. Also, it should be mentioned that this option is available only to PC based credit card processing operations.

First of all, you should be advised that offshore credit card payment processing services are expensive. They offer processing rates that are substantially higher than domestic eCommerce merchant account rates. They also have substantial set up and maintenance costs. The cost differential can be so great that you might be better off establishing a US based merchant services credit card processing account and settling in dollars which you can then convert into the currency of your choice.