Beware of billing companies moving offshore - GoFuckYourself.com

Maximus · 10-09-2002, 07:33 AM

Beware of billing companies claiming they are moving all their business offshore...Since you cannot be offshore and process for US clients that would mean that they must give up all of their current US clients because of cross border regulations.

Hmmmmm.....make you wonder how big their portfolios are....ouch. Is that stable? No processor doing any real volume would consider such a thing. Opening up new relations in other regions in addition to the US is the way to go.

Also the 10% reserves are only because offshore banks require it.
WSB's off shore relationship (http://www.websitebilling.co.uk) has been longstanding and is currently only requiring
7 1/2 % reserve down from the original 10%. That shows good solid business practices and management. Its your money.

Calvinguy · 10-09-2002, 07:36 AM

UK?

Does this means European webmasters inside EU can process with them without paying $750?

Calvinguy · 10-09-2002, 07:37 AM

That would be the case if it was a real european company

Maximus · 10-09-2002, 07:37 AM

Quote:

Originally posted by Calvinguy
UK?

Does this means European webmasters inside EU can process with them without paying $750?

Yes.

Maximus · 10-09-2002, 07:40 AM

Quote:

Originally posted by Calvinguy
That would be the case if it was a real european company

It is and has been recognized by VisaEU as such. It has passed all reviews and is currently processing and has been for quite a while. We would not direct webmaster to use it if it wasnt so.

J.R. · 10-09-2002, 09:56 AM

Any offshore company is risky in my
opinion.

sherbert · 10-09-2002, 10:01 AM

UK isn't Russia... trust me.

Let's not be a bunch of fucking pussies, eh? Euro webmasters have had to put up with our American shit, I don't see the problem. UK is an ally. BTW... I think I'd trust ANY UK bank more than I'd trust Bank of America.

Honeyslut · 10-09-2002, 10:10 AM

Quote:

Originally posted by sherbert
UK isn't Russia... trust me.

Let's not be a bunch of fucking pussies, eh? Euro webmasters have had to put up with our American shit, I don't see the problem. UK is an ally. BTW... I think I'd trust ANY UK bank more than I'd trust Bank of America.

I agree. BofA =idiots

Darren · 10-09-2002, 10:37 AM

Quote:

Originally posted by sherbert
UK isn't Russia... trust me.

Let's not be a bunch of fucking pussies, eh? Euro webmasters have had to put up with our American shit, I don't see the problem. UK is an ally. BTW... I think I'd trust ANY UK bank more than I'd trust Bank of America.

UK banks sucks ass, its took them 2 weeks so far to send an international wire of a large amount 20k + and they still have not managed it even with routing number and swift code.

fuck em

Maximus · 10-09-2002, 11:01 AM

Quote:

Originally posted by Darren

UK banks sucks ass, its took them 2 weeks so far to send an international wire of a large amount 20k + and they still have not managed it even with routing number and swift code.

fuck em

Thats not the case here. WSB has a real time ach and wiring system that does not go thru manually...which could take eons...we push a few buttons and our monies arive to our clients as fast as they do thru WSB US.

10-09-2002, 07:33 AM	#1
Maximus Registered User Join Date: Jan 2002 Posts: 81	Beware of billing companies moving offshore Beware of billing companies claiming they are moving all their business offshore...Since you cannot be offshore and process for US clients that would mean that they must give up all of their current US clients because of cross border regulations. Hmmmmm.....make you wonder how big their portfolios are....ouch. Is that stable? No processor doing any real volume would consider such a thing. Opening up new relations in other regions in addition to the US is the way to go. Also the 10% reserves are only because offshore banks require it. WSB's off shore relationship (http://www.websitebilling.co.uk) has been longstanding and is currently only requiring 7 1/2 % reserve down from the original 10%. That shows good solid business practices and management. Its your money. __________________ Maximus Websitebilling

10-09-2002, 10:01 AM	#7
sherbert Confirmed User Join Date: Aug 2002 Location: KAGAWA, Japan Posts: 470	UK isn't Russia... trust me. Let's not be a bunch of fucking pussies, eh? Euro webmasters have had to put up with our American shit, I don't see the problem. UK is an ally. BTW... I think I'd trust ANY UK bank more than I'd trust Bank of America. __________________ sdfsdfsdvgf Last edited by sherbert; 10-09-2002 at 10:02 AM..

10-09-2002, 07:36 AM	#2
Calvinguy Confirmed User Join Date: Oct 2002 Location: European Union Posts: 1,752	UK? Does this means European webmasters inside EU can process with them without paying $750?

10-09-2002, 07:37 AM	#3
Calvinguy Confirmed User Join Date: Oct 2002 Location: European Union Posts: 1,752	That would be the case if it was a real european company

10-09-2002, 09:56 AM	#6
J.R. WantBoobs.com Industry Role: Join Date: Feb 2002 Location: Calif & Washington Posts: 3,472	Any offshore company is risky in my opinion.