We are working on an online internet franchise, we expect to be earning within the range of $300,000 - $1,000,000 per annum. We are NOT a company based in the USA nor is any of our board of directors American citizens. We need a great merchant account that can give us a very low rate and also provide the best service. We dont want our money to be detained for long daily or weekly deposits to our bank accounts is preffered. We do not deal with USA banks either and we prefer to keep our currency in Euro. We started to investigate Paypal and discovered that users complained about Paypal stealing their money, freezing their accounts, holding their funds and even doing reverse bank deposits so this is not an option for us. We were also looking at MerchantBoss which is an offshore merchant account something right up our alley however there was some negative turbulence in this forum about their service, peraps it was all a big misunderstanding. Again we are looking for the cheapest solution for the best service available. All advice and opinions welcome and I do thank you in advance for responding.
<<Signature to be setup in your profile>>
Last edited by anon-e-mouse; 07-18-2005 at 09:46 PM.
Your question is simple but the answer is complicated. When working offshore it is best not to work with USD, There are many reasons for this also the choice of bank being used also must be taken into consideration and last what jurisdiction the merchant bank is in all of this plays an important factor.