US Dollar Business VISA/MC in Canada?

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  • besterman
    Confirmed User
    • Jan 2003
    • 623
    #1

    US Dollar Business VISA/MC in Canada?

    Anybody know if a small business (incorporated in Canada) can get a US Dollar VISA or Mastercard in Canada? I have looked far and wide and it seems only available to huge companies...
    Tags: None
    • jact
      Confirmed User
      • Sep 2002
      • 9134
      #2
      Royal, TD and Scotia offer US dollar Visa's, the fees are a bit higher, but they're pretty easy to get...
      Free agent

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        • WiredGuy
          Pounding Googlebot
          • Aug 2002
          • 34515
          #3
          I only know of Royal Bank and TD Visa offering USD Visa's, I never looked into MasterCards. RBC has a better rewards and insurance package over TD's but its going to cost you $65/year. TD's I think is only $25/year.

          WG
          I play with Google.

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            • Mogulman
              Confirmed User
              • Aug 2003
              • 568
              #4
              Originally posted by besterman
              Anybody know if a small business (incorporated in Canada) can get a US Dollar VISA or Mastercard in Canada? I have looked far and wide and it seems only available to huge companies...
              Is an adult or mainstream business?

              I personally recommend you incorporate some entity in the US to handle the merchant services.

              I quoted a Canadian merchant on an American USD account and it saved them $50k+ over the duration of their account contract. They were working with Moneris CA. The difference being that Moneris gave them a bundled rate (a larger flat %, instead of breaking it down by smalelr % + transaction fee).

              If you want to talk a little further, email me and we'll go from there.

              adam @ nelix dot com

                Comment

                • jact
                  Confirmed User
                  • Sep 2002
                  • 9134
                  #5
                  Originally posted by Mogulman
                  Is an adult or mainstream business?

                  I personally recommend you incorporate some entity in the US to handle the merchant services.

                  I quoted a Canadian merchant on an American USD account and it saved them $50k+ over the duration of their account contract. They were working with Moneris CA. The difference being that Moneris gave them a bundled rate (a larger flat %, instead of breaking it down by smalelr % + transaction fee).

                  If you want to talk a little further, email me and we'll go from there.

                  adam @ nelix dot com
                  I think he wants a credit card?
                  Free agent

                    Comment

                    • dready
                      Confirmed User
                      • Oct 2002
                      • 5247
                      #6
                      I had to get a personal one as CIBC doesn't have a US Dollar Visa for business, only CND$.
                      ICQ: 91139591

                        Comment

                        • Mogulman
                          Confirmed User
                          • Aug 2003
                          • 568
                          #7
                          Originally posted by jact
                          I think he wants a credit card?

                          LOL - never mind. My one track mind is reading what it wants to today.

                            Comment

                            • besterman
                              Confirmed User
                              • Jan 2003
                              • 623
                              #8
                              Originally posted by WiredGuy
                              I only know of Royal Bank and TD Visa offering USD Visa's, I never looked into MasterCards. RBC has a better rewards and insurance package over TD's but its going to cost you $65/year. TD's I think is only $25/year.

                              WG
                              These are both personal cards. I'm looking for a business visa/mastercard denominated in US dollars. I don't want a personal card as I don't want expenses in my personal name. Unfortunatley the only solutions I've seen are poor-term secured offshore cards in foreign countries or convert to CDN dollar and then to US again when you pay. The annual commision loss is huge for me, over $10,000, but no solution so far...

                                Comment

                                • WiredGuy
                                  Pounding Googlebot
                                  • Aug 2002
                                  • 34515
                                  #9
                                  Originally posted by besterman
                                  These are both personal cards. I'm looking for a business visa/mastercard denominated in US dollars. I don't want a personal card as I don't want expenses in my personal name. Unfortunatley the only solutions I've seen are poor-term secured offshore cards in foreign countries or convert to CDN dollar and then to US again when you pay. The annual commision loss is huge for me, over $10,000, but no solution so far...

                                  The Royal USD one is offered under corporate cards as well, I have one in my company name and one in my personal name. It has a minimum of $5k USD and awesome rewards.
                                  WG
                                  I play with Google.

                                    Comment

                                    • johnny1
                                      Confirmed User
                                      • Jun 2002
                                      • 872
                                      #10
                                      We deal with RBC and have USD visa with them its $65/year, if your in the montreal area I can hook you up with a great account manager for business accounts.
                                      ---------------
                                      ICQ163686688

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