Looking for the best advice in payment processing? Call and get a free consultation Tel. +1.888-255-4596
Looking for a Cyprus Merchant Account Alternative?
If you are processing credit cards through an acquiring bank in Cyprus, it may be time for you to look for a merchant account alternative. As part of the €10 billion EU bailout, Cypriot banks agreed to levy accountholders who have more than €100,000 in their accounts up to 40%. However, to prevent a bank run or collapse, new regulations state that accountholders can only withdraw €300 per day.
This means that as a merchant, you cannot withdraw all of your funds and transfer them to a new merchant account or business bank account. What ECS World can do to help you, however, is assist you in setting up a new offshore merchant account in a more secure jurisdiction. We can even help you establish multiple merchant accounts so you can spread out your funds and risk.
Depending on where you are willing to register your business, we can offer you rates as low as 2.5% and can have you up and processing in as quickly as two to three business days. ECS World works with a wide range of e-commerce industries, including PPI Claims, Forex, Dating, Travel, Payday Loans, Debt Collections, Penny Auctions, Casinos and Gambling, Licensed Pharmacies, and more. Contact us today to find out how easily you can open a new merchant account.
The backbone of ECS World is our PCI compliant payment gateway. Accept credit cards online, over the phone, or via mail order with our simple and easy-to-use payment processing solution. No hidden fees and no volume caps. Learn more today.
ECS World provides credit card processing services to online and MOTO businesses with its PCI compliant payment gateway solution. Whether you want to process onshore, offshore, or internationally, they have a solution for you!