MERCHANT LICENSE REQUIREMENT
with an Offshore Bank in Belize
PURPOSE
A Merchant Account is set up for an offshore company wanting to sell their products and/or services outside of Belize. Customer’s credit card payments are processed via their website and funds are credited to the merchant’s bank account in Belize.
REQUIREMENTS
- Set up a Belize International Business Company (See requirements for an IBC)
- Set up a Corporate Bank Account in US Dollars (See requirements for Offshore Bank Account)
Note that separate fees apply for the above services.
DOCUMENTS REQUIRED
- Merchant Questionnaire (provided by the bank for pre-approval)
Once the bank has pre-approved the application, the below will be required:
- Merchant Internet Services Agreement
(provided by the bank once application has been pre-approved)
- Merchant Information Sheet
- E-commerce Merchant Set Up Form
- Copy of Merchant’s Website along with Ownership Confirmation *
- Copy of most recent Financial Statement for each Beneficial Owner
- Merchant Business Plan containing the following: (See requirements for Business Plan)
- Executive Summary |
- Marketing Promotion & Advertising |
- Company Background Profile |
- Lists of Assets |
- Directors/Owners Information |
- Projected Profit & Loss (3-5years) |
- Description of Product or Services |
- Project Cash Flow (3-5 years)
|
- Long-term Strategic Plan |
* Must be certified |
- Target Market/Competitors |
- Country of Operation |
* WEBSITE REQUIREMENTS
- Merchant’s business trade name & corresponding registered domain name
- Merchant’s Company Information and Location
- Complete description of Products or Services
- Commitment to process orders and send email confirmation
- Statement advising cardholders to retain copy of Transaction record
- Refund/Return & Cancellation Policies
- Delivery Policies (if any restrictions to countries)
- Privacy Policies and Terms & Conditions
- Customer Service Contact Information
- Country of Operation
- Transaction Currency - US Dollars
- Display of appropriate Card Acceptance
Note that your webmaster will need to ensure your website is equipped with the above.
COST AND FEES
Processing of Offshore Merchant License Application | US $2,200.00 |
Administrative Expense | US $200.00 |
TOTAL DUE | US $2,400.00 |
To begin the process a deposit of US $750.00 is required.
BANK FEES
Once the Merchant is approved the bank will charge the below fees:
• Administrative Set-up Fee (one-time fee – 1st month) | US $ 250.00 per merchant |
• Monthly Maintenance Fee (Bank will deduct this automatically from your account) | US $ 200.00 per merchant |
• Transaction Fee (sales, credits, decline transactions) | US $ .50 per transaction |
• Chargeback Fee | US $ 15.00 per chargeback |
• Online Access Merchant Reporting (upon request) | US $ 65.00 per month |
OPTIONAL SERVICES
- Incorporation of a Belize International Business Company
- Setting up an Offshore Bank Account in Belize
- Offshore Credit Card, Debit Card and Pre-Paid Card
- Business Plan Preparation
- Mail Forwarding Services
- Virtual Office Services

INTERNATIONAL SERVICES LTD. PO Box 2284, #16 Albert Hoy Avenue, Belama Phase 1, BELIZE CITY, BELIZE, CENTRAL AMERICA
|
Welcome | Offshore Services | Retirement Services | Investment Services | About Belize | About Our Firm | Contact Us
|