It does not matter what currency, preferable in US$. I am using 2co now for my hosting and web design business. I need a new one to replace 2co as their every cycle of payment wired to my bank account is no long prompt. Sometimes, it delays for more than 10 days after I raised a ticket to ask them for my money.
Not faster funding, just to avoid 2CO will close one day line paysystem. So it is better to have a merchant account at lower rate. Our sales per month is not much, ranging from USD500 to USD1000 per month. How ever, we have new project for VOIP service next month. Our sales may increase to USD2000 to USD5000 per month because most customers will pay by creditcard .
So far, I contact forcetronix.com, they offer merchant account to any asia country if you have a company inc. in Europe.
The requirement is a copy of company registration in english and a copy of passport from the registered Director or secretary.
As for the fund, they can wire to my Malaysia Bank Account on a weekly basis.
The cost is as follows:
Setup: Euro 99.00
Monthly fixed fee: Euro 7.95
Wire fee: Euro8.00
Register a company in Europe is far easier for a Malaysian compared to open a company in US in order to use Authorize.net
touol cannot answer to your questions here due to the rules and regulations of the forum. You's better send a PM to him,
you can see touol's PM button on the bottom of his posting.
Or go to psbill.com and look for him. Good luck!
that is a good link. I have contact both banks before. The requirement is very crazy. They need you to have paid up capital RM50,000.00 and above and monthly sales more than RM50,000.00, which is USD13,000.00. Else they will terminate your merchant account after 6 months if you cant hit this sales figure. And your company must be Pte Ltd and more than one year business.
We can meet all above requirement except the minimum monthly sales USD13,000.00. I dont understand why they have such regulation! So, I got to take European merhcant account though it is more troublesome.