Canadian High Risk Card Processing Question

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  • Ray@TastyDollars
    www.TastyDollars.com
    • May 2002
    • 6797
    #1

    Canadian High Risk Card Processing Question

    I am awear that Canadians are no longer allowed high risk card processing via 3rd party. Does this apply if a Canadian biz has it's own merchant account as well?

    Can someone please link me to a site where I could learn all the in's and out's, where I could learn about opening a US or UK biz.

    Another question, Who would you do with.

    Paycom, Jettis or Ibill??

    thx,
    Ray
    Tags: None
    • LadyMischief
      Orgasms N Such!
      • Sep 2002
      • 18135
      #2
      High risk? What kind of site are you processing for? There are SOME options for Canadians depending on what you're processing for.

      ICQ 3522039
      Content Manager - orgasm.com
      [email protected]

        Comment

        • Ray@TastyDollars
          www.TastyDollars.com
          • May 2002
          • 6797
          #3
          Originally posted by LadyMischief
          High risk? What kind of site are you processing for? There are SOME options for Canadians depending on what you're processing for.
          Adult movie site.

            Comment

            • Ray@TastyDollars
              www.TastyDollars.com
              • May 2002
              • 6797
              #4
              bump

                Comment

                • monro
                  So Fucking Banned
                  • Dec 2002
                  • 787
                  #5
                  Originally posted by Ray
                  I am awear that Canadians are no longer allowed high risk card processing via 3rd party. Does this apply if a Canadian biz has it's own merchant account as well?

                  Can someone please link me to a site where I could learn all the in's and out's, where I could learn about opening a US or UK biz.

                  Another question, Who would you do with.

                  Paycom, Jettis or Ibill??

                  thx,
                  Ray
                  We can do it.

                    Comment

                    • LadyMischief
                      Orgasms N Such!
                      • Sep 2002
                      • 18135
                      #6
                      Originally posted by Ray


                      Adult movie site.
                      Eww that's a tough one.. good luck man.

                      ICQ 3522039
                      Content Manager - orgasm.com
                      [email protected]

                        Comment

                        • Webby
                          Too lazy to set a custom title
                          • Oct 2002
                          • 14956
                          #7
                          Ray:

                          I am awear that Canadians are no longer allowed high risk card processing via 3rd party.
                          Allowed?? Is there a law against it? :-) Or is this VISA North America continuing playing stupid games again?

                          OK.. I have not kept up on the Canadian processing problems, but you may wish to consider establishing a legal entity in another country that does not have any of these problems.

                          The simplest form is a UK corp (costs little) or, say, a Gibraltar corp (costs a bit more) which would then enable you to use CCBillEU and (cough) IBillEU as well as several others.
                          XXX TLD's - Another mosquito to swat.

                            Comment

                            • Ray@TastyDollars
                              www.TastyDollars.com
                              • May 2002
                              • 6797
                              #8
                              Originally posted by Webby
                              Ray:



                              Allowed?? Is there a law against it? :-) Or is this VISA North America continuing playing stupid games again?

                              OK.. I have not kept up on the Canadian processing problems, but you may wish to consider establishing a legal entity in another country that does not have any of these problems.

                              The simplest form is a UK corp (costs little) or, say, a Gibraltar corp (costs a bit more) which would then enable you to use CCBillEU and (cough) IBillEU as well as several others.
                              Hi Webby, Canadian banks/visa dont not allow high risk/adult anymore.

                              I was looking into opening in the UK, I would need a link that tells me how to do it. I would like to learn about it before I jump in, invest a fortune only to lose it cause I did somthing wrong.

                              Thx

                                Comment

                                • psyko514
                                  See sig. Join Epic Cash.
                                  • Oct 2002
                                  • 22366
                                  #9
                                  Canadian banks have never processed high risk.

                                  Bad Girl Bucks                                   - 50% Revshare through CCBill.
                                  Promote BrandyDDD, Pixie's Pillows, Action Allie and more!

                                  Phoenix Forum Pics | Webmaster Access Montreal pics
                                  email: psyko514(a)gmail.com | icq: 214-702-014

                                    Comment

                                    • jungar
                                      Confirmed User
                                      • Jul 2003
                                      • 377
                                      #10
                                      Hello,

                                      Please contact me, Jungar-AT-myvirtualcard.com. We can provide Canadian merchants with a solution.

                                      Our merchant discount rates go AS HIGH AS 10.75% plus $0.60 per transaction.

                                      Plus, we have one of the most advanced credit card fraud and chargeback protection solutions in the industry.

                                      To sign up directly, please visit the following link:
                                      https://www.myvirtualcard.com/Business/Signup

                                      Thanks very much.

                                      Regards,

                                      Joshua Ungar
                                      myVirtualCard
                                      Jungar-AT-myVirtualCard.com
                                      www.myvirtualcard.com

                                        Comment

                                        • jpoker
                                          Confirmed User
                                          • Feb 2003
                                          • 362
                                          #11
                                          Originally posted by jungar
                                          Hello,

                                          Please contact me, Jungar-AT-myvirtualcard.com. We can provide Canadian merchants with a solution.

                                          Our merchant discount rates go AS HIGH AS 10.75% plus $0.60 per transaction.

                                          Plus, we have one of the most advanced credit card fraud and chargeback protection solutions in the industry.

                                          To sign up directly, please visit the following link:
                                          https://www.myvirtualcard.com/Business/Signup

                                          Thanks very much.

                                          Regards,

                                          Joshua Ungar
                                          myVirtualCard
                                          Jungar-AT-myVirtualCard.com
                                          www.myvirtualcard.com

                                          interesting solution. Do you currently work existing canadian adult web sites?
                                          http://www.bigboobdreams.com
                                          Big Juicy Healthy Boobs

                                            Comment

                                            • Webby
                                              Too lazy to set a custom title
                                              • Oct 2002
                                              • 14956
                                              #12
                                              Ray:

                                              Hi Webby, Canadian banks/visa dont not allow high risk/adult anymore.

                                              I was looking into opening in the UK, I would need a link that tells me how to do it. I would like to learn about it before I jump in, invest a fortune only to lose it cause I did somthing wrong.
                                              Thx
                                              Hi Ray... check out this site:

                                              http://www.jordans.co.uk

                                              Jordan's are "the" main formation agents in the UK and can set up a corp in 48 hours. The cost is not much - like $200 ish. One thing that is relevant is that this needs to be a "non-resident" company. You can then get a bit of paper from the UK Inland Revenue where there will be no taxes applicable within the UK. (Tho there is no reason why your bank accounts should not remain in Canada).

                                              Also consider Gibraltar as a jurisdiction - the govt there are currently willing to commit to a 25 year no-tax agreement for non-resident companies, tho I doubt that will last, so better to move quick if yoy are thinking of this area.

                                              Hope this helps!
                                              XXX TLD's - Another mosquito to swat.

                                                Comment

                                                • Ray@TastyDollars
                                                  www.TastyDollars.com
                                                  • May 2002
                                                  • 6797
                                                  #13
                                                  Originally posted by Webby
                                                  Ray:



                                                  Hi Ray... check out this site:

                                                  http://www.jordans.co.uk

                                                  Jordan's are "the" main formation agents in the UK and can set up a corp in 48 hours. The cost is not much - like $200 ish. One thing that is relevant is that this needs to be a "non-resident" company. You can then get a bit of paper from the UK Inland Revenue where there will be no taxes applicable within the UK. (Tho there is no reason why your bank accounts should not remain in Canada).

                                                  Also consider Gibraltar as a jurisdiction - the govt there are currently willing to commit to a 25 year no-tax agreement for non-resident companies, tho I doubt that will last, so better to move quick if yoy are thinking of this area.

                                                  Hope this helps!
                                                  Webby, U IS DA MAN!

                                                  Thats exactly what I was looking for.

                                                  Thank you very much. Thank you to everyone else for your posts.

                                                    Comment

                                                    • Webby
                                                      Too lazy to set a custom title
                                                      • Oct 2002
                                                      • 14956
                                                      #14
                                                      Ray:

                                                      Webby, U IS DA MAN!

                                                      Thats exactly what I was looking for.

                                                      Thank you very much. Thank you to everyone else for your posts.
                                                      My pleasure!

                                                      Now.. get that crap outta the way and start using all the, least what is known of em, - stable processors - IBillEU, CCBillEU *wince* without opening your legs to the current VISA North America scenario with $750 fees and a sperm count.

                                                      You just dumped that crap :-) As to how long it will last in Europe is anyone's guess, but sure is far better than dealing within the US at present.

                                                      Good luck!
                                                      XXX TLD's - Another mosquito to swat.

                                                        Comment

                                                        • Ray@TastyDollars
                                                          www.TastyDollars.com
                                                          • May 2002
                                                          • 6797
                                                          #15
                                                          Originally posted by Webby
                                                          Ray:



                                                          My pleasure!

                                                          Now.. get that crap outta the way and start using all the, least what is known of em, - stable processors - IBillEU, CCBillEU *wince* without opening your legs to the current VISA North America scenario with $750 fees and a sperm count.

                                                          You just dumped that crap :-) As to how long it will last in Europe is anyone's guess, but sure is far better than dealing within the US at present.

                                                          Good luck!
                                                          Webby,

                                                          Sorry to bother you again. I contacted one of the third party processors they said not only do I need a UK corp., but principal address must be the same as the UK company. I thought this was rule applied to US corps. only?
                                                          I hope this does not mean I need to rent office space in the UK, It's very do-able but a real pain in the ass concidering im in Canada.

                                                          thx,
                                                          Ray

                                                            Comment

                                                            • Quotealex
                                                              Confirmed User
                                                              • Sep 2001
                                                              • 6265
                                                              #16
                                                              Why don't you just buy a shell company in the USA?

                                                                Comment

                                                                • Ray@TastyDollars
                                                                  www.TastyDollars.com
                                                                  • May 2002
                                                                  • 6797
                                                                  #17
                                                                  Originally posted by Alex from Montreal
                                                                  Why don't you just buy a shell company in the USA?
                                                                  Because of Visa's recent corporate bullshit and 1% chargeback(UK 2%..oh yea and no visa fees)

                                                                  Like Webby put it
                                                                  "without opening your legs to the current VISA North America scenario with $750 fees and a sperm count"

                                                                  Webby, if you like you can reach me at:

                                                                  ray at jrwebtech dot com

                                                                  thx

                                                                    Comment

                                                                    • Webby
                                                                      Too lazy to set a custom title
                                                                      • Oct 2002
                                                                      • 14956
                                                                      #18
                                                                      Hi Ray!

                                                                      You got a message on ICQ!
                                                                      XXX TLD's - Another mosquito to swat.

                                                                        Comment

                                                                        • Ray@TastyDollars
                                                                          www.TastyDollars.com
                                                                          • May 2002
                                                                          • 6797
                                                                          #19
                                                                          Originally posted by Webby
                                                                          Hi Ray!

                                                                          You got a message on ICQ!
                                                                          Hey webby THX man. Im home now, I dont have ICQ on my LapTop. Ill be at the office early tomorow morning and Im there till 6ish. I'll msg you then.

                                                                          thanks alot!

                                                                            Comment

                                                                            • Incredicash
                                                                              Registered User
                                                                              • Jan 2004
                                                                              • 18
                                                                              #20
                                                                              IncrediCash Adult Merchant Account Solution

                                                                              Adult Credit Card Merchant Account for use with Visa and MasterCard payments including standard product sales, memberships, recurring memberships and billing, and trials and upgrades. The account is held in the merchant?s business name with direct settlement of funds. The financial institution is a sponsored Visa and MasterCard acquiring processor in the European Union. All accounts are in US Dollars. The funds settlement window is a three-week period. All merchants must have a European Corporation, which we can assist with.

                                                                              Application Details-

                                                                              - Application due diligence paperwork must be completed prior to receiving an account. Once received background and due diligence activities will determine the credit worthiness of the client.

                                                                              Merchant Account Details-

                                                                              - Account Setup Fee $1,500.00 (due only on acceptence)
                                                                              - Merchant Discount Rate 5.5% to 15% (determined by risk)
                                                                              - Reserve Rate 10% 6 month rolling
                                                                              - Transaction Fee $0.50
                                                                              - Fraud Scrubbing Fee $0.45
                                                                              - Retrieval Requests $35.00
                                                                              - Chargebacks $50.00
                                                                              - Chargeback Ratio Levels 2.0%

                                                                              Account Requirements-

                                                                              - Card Types Accepted: Visa and MasterCard
                                                                              - Account Currency: US Dollars
                                                                              - European Corporation Required prior to Account Setup
                                                                              - Account usage must meet contractual obligations or it will be shut down.
                                                                              SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

                                                                                Comment

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