Thread: IbillEU
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Old 03-16-2006, 03:48 PM  
Webby
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Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
Quote:
Originally Posted by WarChild
Because PaycomEU allows a Canadian to act as the principal for the Visa contract where as CCbill does not. For CCbill EU you need a European with an EU passport to act as principal. You can have somebody act as an agent, but the visa contract is for all purposes in their name and thus I'm not sure who to trust or even anyone that would want that type of responsibility. I believe they have the same restrictions in the US, with a US citizen.
It may be worth considering a corp with a nominee dirs in the EU region - and then having them pass a full Power of Attorney to you. Tho, irrespective, - there is a need to "know your nominees".

One of the things I keep looking for in a processor is security - regardless of their verbal and purported industry ranking. If transacted funds, - those being the property of clients, - are not directly accessable by the processing company and where, if the company met it's demise, - those funds would be paid out by a third party or transacting bank.

There are a couple of processors with this model in the EU - Verotel and SegPay. On almost all the rest, - from "big" processors to small, - webmaster security has been an issue which has been avoided.
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