August 12, 2008
Offshore Online Credit Card Processing Service
With the dollar rapidly falling in value against its European competitors, I was wondering if it would be worth my effort to switch to an Offshore online merchant credit card processing service and set up my merchant account in a European bank. It does not necessarily have to be a Swiss bank; I am not trying to hide anything, merely to protect my business somewhat against inflation. We are really caught in a bind, as our sales have been flat for 8 months now and our costs keep going up. We have tried to keep from raising our prices as much as we can, however our business is now essentially just breaking even.
