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I'm looking for an Merchant account who accepts non US companies, with low rates.

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  #1  
Old 12-23-2003, 07:27 AM
dutchee dutchee is offline
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I'm looking for an Merchant account who accepts non US companies, with low rates.


Hi


I'm looking for an Merchant account who accepts non US companies, with low rates. The rated needs to be as low as possible! I'm from Holland, and I don't want PaySystems 2checkout, they have to expensive rates. And I want my own company name on the CreditCard statement of the customers.

I need recuring billing per year and per month.
Low chargeback fees.
Payment fees approximately 30/35 cents, and approximately
2.15 %. I don't care about the set-up and the monthly fees.
And Easy to integrate//implement into the website.
A Backend System for maintenance.
And good support.


Easy to set/start up.
And I on't want to do difficult things, they handle the payments, the have the gateway, the processing software, etcetera.



Thanks in advance



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  #2  
Old 12-23-2003, 07:32 AM
dutchee dutchee is offline
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Ow yes, maybe if it's only possible for me to get a good Merchant Account with nice fees/rates, I think I have to start-up an US company only for my CreditCard processing. And than this company will act almost like an merchant account provider, and will forward all the payments to me. And makes a little bit of profit, to keep the IRS happy (-;

Is it easy to start-up(register) an company in the USA? (What do I need?)

Is it than also possible to get an authorize.net license for the gateway? And if so, what do I need to process payments? What for software, services?

  #3  
Old 12-23-2003, 10:59 AM
dutchee dutchee is offline
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And:

- A secure payment gateway

- A web-based Merchant Control Center

- Real-time and batch processing

- Chargeback and fraud management tools

- No maximum processing volume

- Multi-currency processing (EUR/USD/CAD/AUD/GBP)

- Advanced bank-level security and encryption systems

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  #4  
Old 12-23-2003, 12:31 PM
Corey Bryant Corey Bryant is offline
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Location: Castle Pines, CO
Posts: 7,189
You should consider incorporating in Delaware. There is no state income tax there.

We set up someone recently who is from Russia & has incorporated in DE. He has a US bank account & the money from his processing online is deposited into that bank account. He then transfers it out as needed to his bank in Russia.

The only thing that might be difficult is getting a bank account in the US. With the Patriot Act & a few other legislations in place - this might pose a problem. Check out http://www.corporate.com/ for some information as well.

As far as processing volume - you will be asked what do you anticipate on charging. Be honest. If it is $1 million per month, say so. And if it is going to be this high, have the financials to back it. It you think it is going to be about $50,000 - put that. If you are going to go over tha amount - than you need to contact the Risk Department of whatever company you choose just to let them know so that nothing happens.

There are only a few that offer the web based merchant control center - or should I ask - what do you mean? Do you mean a virtual terminal or a site that you can go to to review a previous month, download data?

And most gateways also support international transactions these days.

I am not certain about authorizenet.com - only the Linkpoint International Gateway.

  #5  
Old 12-23-2003, 02:11 PM
dutchee dutchee is offline
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Quote:
Originally posted by coreybryant
You should consider incorporating in Delaware. There is no state income tax there.

There are only a few that offer the web based merchant control center - or should I ask - what do you mean? Do you mean a virtual terminal or a site that you can go to to review a previous month, download data?

And most gateways also support international transactions these days.

-- >I'm able to get verry easy an: Delaware Corporation or an Nevada Corporation.

---> Yes that is what I mean: to review the data and everything.

--> I need a good merchant account where I am able to deposit the processed money in Euros to an Euro BankAccount in the US.
(I think it's possible to get an Euro BankAccount in the US, I can also get USD BankAccounts overhere.) But I want to use as standard currency EUROS.

Why should it be difficult to get an US BankAccount?
I think I will get an BankAccount with ING or ABN AMRO.

  #6  
Old 12-23-2003, 02:14 PM
Corey Bryant Corey Bryant is offline
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Location: Castle Pines, CO
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Most US merchant accounts can handle the international exchange rates, no problems. But one thing to keep in mind - the exchange rates are constantly changing. So for example, if they purchase something for $100.00 from you at this time & they are using the Euro the total is $80.66. But when you close out the batch tonight, it might be $81.00 or it might be $80.00


Once you get the business - it is usually easier to get the bank account

  #7  
Old 12-23-2003, 02:15 PM
dutchee dutchee is offline
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What's better Inc/LCC/Corp ??

  #8  
Old 12-23-2003, 02:21 PM
Corey Bryant Corey Bryant is offline
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Location: Castle Pines, CO
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Do you have partners or only one? We are an LLC. It mainly depends on your business practice / partners.

Here are some good disadvantages/advantages:
http://www.sba.gov/starting_business/legal/forms.html

  #9  
Old 12-23-2003, 02:23 PM
Corey Bryant Corey Bryant is offline
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BTW, Inc is an abbrev. of Incorporated, and to incorporate is to form a Legal Corporation.

  #10  
Old 12-23-2003, 02:29 PM
dutchee dutchee is offline
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Well at this moment only Myself.
I'm only thinking of to start-up an US company is to get a good/reliable Merchant Account with low rates.


So this company will act like an Merchant Account Provider, but has only my own Merchant Account. Than I will forward all the processed money to another (offshore )account.

Or this company will act like the seller of my product/service, and the Offshore Company will send an Invoice to this US company, and this US company will simply pay this invoice. The money will go to an offshore account. And the US company will only make a little bit of profit.

  #11  
Old 12-23-2003, 02:35 PM
Corey Bryant Corey Bryant is offline
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Location: Castle Pines, CO
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You might consider an LLC. That does help some individuals. I know that that is what one of my companies is - but I do not know all that much about it. Actually went to a seminar last year about LLC, S-Corp, but I cannot find my paperwork on it anymore.

The company you incorporate in DE will be the company that you apply for a merchant account. The CC processor along with the gateway, will ge the money to your bank account that you set up in the company name. Then it will be up to you to get the money from the US bank to your bank. This company will "act" like the seller of your product basically. You can still e-mail your customers & even get an 800# that will transfer to an overseas number if you get to be that busy.

The charges incurred on a monthly basis by the merchant account will be pulled from the bank account on record.

  #12  
Old 12-23-2003, 07:29 PM
dutchee dutchee is offline
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--> e-onlinedata

Business located within the United States (U.S.)
Federal Tax ID# (For US and Canadian Corporations only)
Your U.S. Social Security Number
U.S. business checking account and routing numbers
One trade reference including phone number (a company you purchase from)
You must be 18 years of age to be eligible to apply for an Internet Certified merchant account



I'm not a US citizen, so even if I get a Delaware Corp, I'm not able to get an Merchant Account with e-onlinedata.
Anyone overhere that knows some reliable alternatives?

  #13  
Old 12-23-2003, 08:07 PM
Corey Bryant Corey Bryant is offline
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Join Date: Jul 2003
Location: Castle Pines, CO
Posts: 7,189
Well there are some companies out there do not not require a US social or Driver's License number for overseas merchants. The rates are a little bit higher (3.32% & $.30 transaction) & there is about a 5 day turn around since you are overseas. The reason being is that since you are overseas it is a little more difficult to get in contact with you. But as long as you have the Federal TAX ID number which is easily obtained after you incoporate, a US mailing address & a US bank account - you are OK with some companies. (The person that helps you to incorporate should be able to help you obtain the TAX ID & the US business address

I did not know until now you were speaking about one - e-onlinedata. I am not too familiar with them. I am only famailar with certain other credit card processors and gateways.

  #14  
Old 12-24-2003, 06:10 AM
dutchee dutchee is offline
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Ow I just like e-onlinedata, I'm just looking to several providers.

  #15  
Old 12-24-2003, 08:52 AM
netgogo netgogo is offline
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In Belgie er is ogone.be, men spreekt nederlands ook...
(ik ben niet een klant van ogone.be, ik can niet zegen afof ze goed of slecht zijn)
As for opening a US bank account, it is not so easy. You need a green card or some residence permit (H2-b etc) to open a US savings or checking account (from my own experience with Wells Fargo and CitiBank). That was before 9/11... now they will take your adn and scan your eyes
They need your Social Security Number, that you get when are resident in the US, your green card, plus a third ID (passport, driving licence). There may be other procedure if you want to get a foreign bank account in a US bank, but I am almost sure that the requirements will be even more tight. There want to be sure funds are legal and stuff. A US bank account in an other currency than US dollar, ... I doubt very much! Countries deal in their national currency. They hardly know that the Euro exists...
You might find a better deal than you think... nearer your place.
Forget about Nevada, Delaware, that is for laundering illegal stuff or casino monkey business (joke) Then go to Cayman islands :0)))
I am not expert at all, and I am also looking for a (simple) cc procesor

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