Ray@TastyDollars

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

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LadyMischief

High risk? What kind of site are you processing for? There are SOME options for Canadians depending on what you're processing for.

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Ray@TastyDollars

Adult movie site.

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Ray@TastyDollars

bump

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monro

We can do it.

LadyMischief

Eww that's a tough one.. good luck man.

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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.

Ray@TastyDollars

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

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psyko514

Canadian banks have never processed high risk.

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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

jpoker

interesting solution. Do you currently work existing canadian adult web sites?

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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!

Ray@TastyDollars

Webby, U IS DA MAN!

Thats exactly what I was looking for.

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

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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!

Ray@TastyDollars

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

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Quotealex

Why don't you just buy a shell company in the USA?

Ray@TastyDollars

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

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Webby

Hi Ray!

You got a message on ICQ!

Ray@TastyDollars

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!

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Incredicash

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
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