Webby

Rip:

Rip.. ya gotta think hard about the US corp thing. There are loads of implications to it - even just because it is in the US. (That reads "control" and they got ya by the bollocks!).

It is far safer having a corp in some other country that has the benefit of a range of processors who can take your business without you having to open your soul to them and pay $750 for the priviledge and have withholding taxes.

The criteria is... where is there a number of processors who can handle your biz? Look to European countries... even CCBill has representation there and there are a good few others.

Example above of UK and Gibraltar are just a couple - by the way "offshore" has a myth about it. I've been "offshore" for a good few years now and have several corps in various jurisdictions. There is little difference to being "onshore". The main thing is there are no taxes, so it is up to you to declare funds you bring into your home country. It also costs no more to be offshore.

Having said that, this offshore stuff does not apply to US citizens in the same way... they gotta pay taxes to the regime in Washington wherever they are. Canada does not have restrictions like this.

Kimmykim

Welcome to reality. In case anyone hasn't heard, Visa US is now handling compliance issues for Visa International as well.

As to the instigation of fees for other regions, I have heard nothign to that effect.

Cross border acquisition is being wiped out tho...

I also heard a nasty rumor that a major Euro bank put the brakes on a number of these 'numerous European high risk processors' you are discussing.

Webby

Correct.. was in relation to IBill - again!

Kimmykim

Ibill is one. I said many.

Webby

Nope... was contamination from Ibill... but hell, who knows that will happen tomorrow!

Kimmykim

Um, no, I didn't have cotton in my ears. It was more than one. Many more than one.

Rip

Thanks for the insight, it may well be worth looking into

I am just so freaking pissed off, after developing my paysites, so they convert better than all the other programs which I resell for, not to mention all of the other goodies, that I just made specifically to keep surfers recurring and get them past the trial and cancel mentality

I mean that's why I started them, I saw poor ratios and recurrs, and thought, hell I can do better than that, and I did

oh well, I am gonna have to rethink everything.. again

Webby

Fine!! You obvious know!

Webby

OK.. I have to admit that I don't open the VISA/banking mail coming into processors in Europe, but I do deal with several and there is no problem. At least... up to this time!

You got something against Euro processors??

p00p

Which US billers that have branches in the UK do you figure are safe to go with if I get a UK corporation? Wouldn't CCBill etc. be considered a high risk processor, even if they comply?

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lola

Suggestion - Use Pro Defence Billing, they don't have a sign up fee!

Soloution - Sign up today

How - Log on to www.prodefencebilling.com

jact

There's an idea, a company I've never heard of from someone with 4 posts.. Okaaaaaaay.

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Webby

OK.. I'll try and answer your question...
The "high resk processor" bit is going to apply to all adult business.. so, in any event, you will be "high risk". And yes, CCBillEU would be a high risk processor.

Regarding the geographical matter, that is more complex, since hell knows what VISA may do next. But, at the moment the EU is treated as a banking region. EU webmasters, say the were incorporated in UK (within the EU), can use any EU processor.

For what it is worth, there are, I think, about nine global banking regions. So far, only one region has agreed with the VISA proposals for change in the last year. This was VISA/US. The EU rejected the VISA proposals for change.

But.. time will tell.. tis a volatile situation!!

p00p

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jerryfan2000

Visa is comprised of six regions.
Visa¡¦s six regions are Asia Pacific, Canada, Central and Eastern Europe, Middle East and Africa, European Union, Latin America and Caribbean and the United States.

Webby

Got ya!

Rip

The thing that pisses me off the most, is it's not that I am tring to get around the system, or beat the system... I am trying to join with the system, they are just making it very nearly impossible

p00p

From what I understand, there are only two ways possible if you are Canadian. Get a UK presence, or a US presence. There are lots of other processors I could go to that I wouldn't have to pay the $750 fee. Yet. But I am getting tired of this bullshit, time to ante up some coin, comply the best we (Canadians) can, and carry on. It is plain as day Visa is clamping down, and they mean it. To me, in this situation, you can run, but you can't hide.

Or, don't run your own paysites.

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Webby

Rip:

That's the irony!! There is a "war" going on out there at different levels - basically an attempt by monopolies and others to make rules as to "what should be" globally. The tide is going against this at the moment for many reasons

directfiesta

Why the fuck is Canada the ONLY single country and also a " zone". All other zones consists of MANY countries. Why aren't we with all the "Americas" and Carribean....

After all, we are often referred to as a " Banana Republic"....

I am going to call that chick of the government. Time she get her tush off her seat!

---------------------------------------------



April 17, 2003

EBS-0085




Monsieur XXX XXXX
[email protected]


Monsieur,

J?ai bien reçu votre courrier électronique du 7 octobre 2002 au sujet de nouvelles procédures instaurées par VISA USA pour le traitement de transactions des sociétés non-situées aux
États-Unis. J?ai pris bonne note de vos préoccupations. Veuillez m?excuser de n?avoir pu répondre plus tôt.

Comme cette question relève de la compétence du ministre des Finances, j?ai acheminé votre courrier électronique à ma collègue Diane Lafleur, Chef principal, Planification et coordination stratégiques, Finances Canada, pour qu?elle puisse y accorder toute l?attention désirée.

Je vous prie d?agréer, Monsieur, l?expression de mes sentiments les meilleurs.




Paul Robertson
Directeur
Direction de la politique commerciale sur les services (EBS)
Ministère des Affaires étrangères et du Commerce international
125, promenade Sussex
Ottawa (Ontario) K1A 0G2
Tel./Tél. (613)944-2034; fax/téléc. (613) 944-0058
[email protected]


c.c. Diane Lafleur
Chef principal, Planification et coordination stratégiques
Finances Canada

----------------------------

__________________
I know that Asspimple is stoopid ... As he says, it is a FACT !

But I can't figure out how he can breathe or type , at the same time ....

Webby

Keep at em!!

There is some logic in the Caribbean, US and Canadian regions, but this obviously is to the detrement of Canadian webmasters and others.

Na.. the Banana Republic is not Canada or in the Caribbean.. tis someplace in between!!

Groove

KK - But that's just the processors who have been circumventing Visa's cross-border regs, right? For example, I was under the impression that CCBillEU is fully compliant with all of Visa's rules and regulations. Do you know anything to the contrary?

There's no way that I want my business to be subject to the whims of the IRS. It's bad enough dealing with the Australian Tax Office! I'm therefore planning to set-up a Gibralta company and have CCBillEU as my primary processor. Are you aware of any specific reasons why this would be a bad way to go?

Webby - I think think your advice re going offfshore was spot-on I don't understand why more people are not thinking about setting-up in a tax haven. Once you establish a company outside your country of residence you ARE offshore. So why not do it in a country where there's no tax and no requirement for detailed book keeping, tax returns, etc?

the indigo

"Easy way out"... Next courriel

the indigo

Cuz most people are fucking lemmings.

Webby

Hi Groove! Something! I don't know the tax laws where you are, but.. as a guide. Example! If you are remain resident within your country of citizenship, it is usually the case that any funds you bring into your country, - you are "obliged" to pay taxes on.
I know this is the case in both Canada and UK.

The method is.. well .. free for you to choose, ie. an offshore can engage you in "meaningful employment" *s* and you can send em a bill and they pay you. This is all declared to the tax authorities in you country of citizenship.

To be "really" offshore, (and pay not one dime) you would have to live out of your country for more than X months a year. In this instance, you pay no taxes in either the offshore or your country of citizenship.

I would think the Australian tax laws in this area are similar to UK etc.

Most countries of the world work on this principle except the US and a couple of Arab countries.

Freedom rules!!!

Webby

And... sorry, the above is the "proper version" - in reality the situation is much simpler!

Groove

To avoid Australian company tax it's necessary to use nominee shareholders and directors so that you are not in "control" of the company. And yes -- any money paid to an Australian resident is subject to Australian income tax.

Yep

Olivier

it took lots of time!!! october 7 2002 to April 17 2003 damn!

Hit me up buddy! I Want to give a call to this girl with you.
It's gonna put some presure on it and hopefully will change things.

Tu parles francais, alors appel moi! 514-824-6477 ou ICQ: 96699802

Je suis a la recherche d'un moyen pour facturer mes clients aussi. Alors on peut s'aider je crois!

Groove

I did not mean to imply that the beneficial owner would be exempt from personal income tax. I was saying that you could set-up somewhere there is no *company* tax of any kind and no requirement for the *company* to provide detailed accounts or tax returns.

Webby

Groove:

It is amazing how you can turn a credit card problem into a hell of an asset!

Think on it!!! Not that I suggest you do this for one moment!

Webby

Yup.. got ya!

Kimmykim

Actually I heard that Visa Intl pulled the plug on a bank, not a decision related to the specific companies using that bank to acquire, simply a decision on Visa's part to terminate that relationship. As with a decision that Visa made last year to terminate a certain ISO's relationships, costing several companies their own merchant accounts in the process, it is what it is.

I would put my faith in CCBill in anything they did, and I would feel that would be my best bet for EU processing.

Webby

kk:

Would agree on that! . At least till there is any other, at this time, unknown movement in VISA policy.

Groove

That could get ugly!

Many thanks for the advice

BTW, do you know any other Visa compliant EU processors I could use as a backup?

Kimmykim

I'm not sure what you mean by unknown movement... it looks like a clear cut line to me... Visa US is now handling compliance for Visa Intl. Cross border acquiring has been prohibited for a long time in all regions, it's only been enforced the last few months.

It will be enforced uniformly before it's over, that's a bet I will make with anyone who cares to offer up their money.

Groove -- I don't know who to use as a backup -- I'd suggest asking your CCBill rep what they suggest, since they would be in a position to give you ideas about what other compliant processing may be available to you, something that won't put you or your business in jeopardy.

NETbilling

Hi,

All of the owners do not need to be in the US but at least one does have to be. Hit me up on ICQ tomoprrow and I will call a couple of the banks for specifics regarding your needs.

117496436 or by phone at: 661-252-2456

Thanks, MItch

__________________


Mitch Farber
CEO - NETbilling, Inc.
Email / Phone: 888-357-8166 / 661-252-2456
Transaction processing & 24/7 call center services with exceptional rates and flexibility, since 1998!

Groove

KK, many thanks for the ongoing contribution you make to the various CC processing threads. I've probably learned more from reading your posts than I have from all of the processors' posts combined

Kimmykim

Wow, thanks.

You can always drop me an email if you have q's -- I'm usually pretty quick to answer...

FATPad

HAHAHA

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p00p

Hahaha....
I thought the same thing. But so many morons are gonna sign up for them.....and bitch when the axe falls.

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Groove

Cheers

OY

GREAT IDEA!!!

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