I have been approached by offshore companies who have said they can set me up with an offshore merchant processing solution. I have a good understanding of Domestic merchant account set up ( have a few) and I have a small understanding of off shore accounts. I understand that I need a offshore corp (If I am wrong feel free to correct me) so that I can apply for an offshore merchant account processor. The question is, does anyone have any good/reliable offshore processors? Some want to charge up the wazzzoooo and some don't seem reliable. I am looking offshore because domestic processors are staying away from things like biz opp and financial planning which is the vertical/industry I started in. Is it true that if you only get taxed on what you send yourself back into the states? I assume I must also pay local country taxes?