France and Germany are the most reliable and safest countries to set up a merchant account. They are trusted for their well-known secured and sound support banking system. They are also well-established, and lastly they can cater to all modes of payment transactions with the lowest possible rates.
Merchant account is the best value option in payment processing, provided that it is with a secured merchant account provider and is established particularly in countries such as France and Germany. These countries are considered as the safest options in opening a merchant account because of the following reasons below:
Well-known secured and sound support banking system
France and Germany are the most popular countries in the European union that Offshore Merchant Experts strongly favors because of a well-known and secured banking system. Germany is also the home of Frankfurt Stock Exchange which is Europe's financial center. These two countries hold the leading commercial and communally state-owned banks which is primarily the base operation for other financial institutions around the world.
Well-established financial institution
France and Germany's financial institutions also have the strongest track record in dealing with multi-jurisdictional deals with international and strong domestic contacts in all major markets. Their financial institutions have long proved their capacity to handle and exit financial recession. This makes their corporate financial centers a well respected and established firm in the global financial sector. With an established financial institution, it is rest assured that any direct or third party merchant account would securely be protected in any inflation and financial crisis. Thus, business transaction and cash flow would still continue despite international or domestic financial instability.
Cater to all modes of payment transactions with the lowest possible rates
If you choose to open up an offshore or a direct merchant account with any banks in France and Germany make sure that you have all the necessary documents as these banks have a strict compliance with their regulations in account applications. Opening a merchant account would not be complicated if the business is acceptable to the acquiring bank. All the necessary documents must also be prepared for submission to the acquiring bank in question. Most banks in France and Germany offers the lowest possible service and transaction rate and accepts all modes of payment. This ensures a more transparent and convenient financial transaction processes than any domestic financial centers.
When looking for a merchant account, it is advisable to directly apply at a bank or other financial institution that operates these types of accounts. For this method you will need to know about online shopping carts and check-out payment process because these are also necessary in your website. Furthermore, when looking for a merchant account take into consideration the financial stability and economy of the country that your financial center is located, to be able to protect yourself from future financial crisis and common fraudulent transaction.