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Originally Posted by longdongsilver
It's been down all day for us also...How much really do you need to turn over per month to get your own merchant account set up. Non US merchant account that is. Who's reliable, well known and can get us set up with one?
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LDS
As long as you have some past transaction history of some kind, you can usually be placed with a merchant account. I've placed merchants that do anywhere from 2k a month to 3 mill pm and they've all been happy.
The reason most say you should be doing X amount in volume is because of the monthly fees. There are also sometimes jurisdictional incorporation fees but those are dependant on which banking solution is chosen. At one time the monthly fees were pretty outrageous but times have changed and so have the fees with many banks.
for example:
US merc monthly maintenance - $12 , monthly minimum - $25
Non US monthly maintenance - from $50 -$150, monthly minimum - from $0 to $150 (depending on the bank used)
If you are interested, I'd be happy to talk one-on-one with you to see if we can find a reliable solution for you .. just hit my email anytime
