US Dollar Business VISA/MC in Canada? - GoFuckYourself.com

besterman · 07-06-2005, 02:31 PM

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...

jact · 07-06-2005, 02:32 PM

Royal, TD and Scotia offer US dollar Visa's, the fees are a bit higher, but they're pretty easy to get...

WiredGuy · 07-06-2005, 02:36 PM

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

Mogulman · 07-06-2005, 02:47 PM

Quote:

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

jact · 07-06-2005, 02:51 PM

Quote:

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?

dready · 07-06-2005, 02:53 PM

I had to get a personal one as CIBC doesn't have a US Dollar Visa for business, only CND$.

Mogulman · 07-06-2005, 03:09 PM

Quote:

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.

besterman · 07-07-2005, 06:25 AM

Quote:

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...

WiredGuy · 07-07-2005, 06:40 AM

Quote:

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

johnny1 · 07-07-2005, 07:08 AM

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.

07-06-2005, 02:31 PM	#1
besterman Confirmed User Join Date: Jan 2003 Posts: 623	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...

07-06-2005, 02:32 PM	#2
jact Confirmed User Join Date: Sep 2002 Location: Oakville, Canada Posts: 9,134	Royal, TD and Scotia offer US dollar Visa's, the fees are a bit higher, but they're pretty easy to get... __________________ Free agent

07-06-2005, 02:36 PM	#3
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,486	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.

07-06-2005, 02:53 PM	#6
dready Confirmed User Industry Role: Join Date: Oct 2002 Location: Toronto, ON Posts: 5,247	I had to get a personal one as CIBC doesn't have a US Dollar Visa for business, only CND$. __________________ ICQ: 91139591

07-07-2005, 07:08 AM	#10
johnny1 Confirmed User Join Date: Jun 2002 Location: MTL Posts: 872	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