Resumen
Broad Payment is a merchant services and payment gateway provider focused on higher-risk businesses. The company offers both domestic and offshore solutions for card acceptance.
Domestic and offshore services
- domestic — the merchant account is opened with a bank in the country where the business is registered; this is usually cheaper and simpler for reporting;
- offshore — an account with a foreign acquiring bank; this option is considered when local banks will not work with the merchant's niche.
Having both options with one provider makes it possible to compare terms and pick the right setup without going through several intermediaries.
Methods
Credit and debit card processing, the main way people pay in online retail.
Who it is for
Higher-risk merchants: businesses that standard acquiring turns down because of their niche, sales model or refund history. Each project is assessed individually after review.
What to ask the provider
The countries of offshore banks, pricing, reserve size and payout schedule are not disclosed in the description. Before choosing a setup, compare them for the domestic and offshore options: an offshore account often comes with higher rates and reserves.
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