:winkwink:

One more thing about Gibraltar. You have to disclouse the Beneficial Owner informatoin and they are not part of any Double Taxation Agreements. So your info won't be exchange with any gov.

Gibraltar is my backup. If it is required that I have to do an EU corp it is the place to go. And because it is a British colony I can still use my offices in London.

hey mates....don´t fight :Graucho

it is time for the wise joice...... www.dibill.com :thumbsup

g'day mate
How can i do?

Is it a good idea if we change to other bill proceesor?

The problem with EU is that once VISA USA is done with their new rules, they will probably enforce same shit in EU, where the shit part is : Whenever the processor is - there should be clients.

The original reason why there are so few of european third party billers is that european billing companies if they work by law, I stress IF, were always supposed to work only with clients in the same country.

For example there's an established big billing company in germany EBS AG. www.ebs-ag.de

Most adult webmasters know their fucked up autodial and this is so because they are big enough to always fight for their dialer.
And most adult webmasters DONT know about their credit card billing , although it's much much bigger that their dialers, because only big dudes use them and a lot of german only big dudes use them.

And a simple webmaster cant - becaue the first requirement for is to have a company in Germany if You'd like their third party billing.

Half of smaller not known billing companies mentioned here often on GFY dont even work legal because they use non high risk merchant accounts.

Now after 15th of November a lot can change. Remember on early rumours it was said that after 15th November only billing companies connected to Tier1 banks will be allowed.
VISA might not ever notice a new small billing company. Right?

But how do You think with all clients running to those companies from Ibill, CCBILL and Epoch who'd be calling everyday to VISA to show them guys who break their rules?

Also if the VISA USA will be able to control and enforce rules over USA billing companies, beleive me, European billing companies simply wont make it or to make it even more exact their requirement will JUST BE THE SAME: that to work with them You will have to have a presence in the same place.
And I wont be suprised if they will start prohibing Gibraltar for example as the only offshore territory in EU.

And if so, I beleive You'd have two choices :
a)Company in USA
b) Company in EU

now since most of surfers and profit are US based and since that choice does not include offshores and You'll have to pay taxes anyway I'd vote to at least try to register a US presence. It's just more natural. If Your payers are in america , well , fuck it, lets bill them in america.

OK, here's the summary, as I see it:

1. Incorporate in the U.S.

Cheapest method, problems with US regulatory bodies. Could pay US taxes on income and then pay yourself a dividend, but problems with withholding tax credits not passing on to Australia (therefore double taxed). Could try and run the company at a reduced profit (or even loss) by charging the company a fee from your Australian business, but the IRS and SEC would not look favourably upon this. ***risky*** I don't like the idea of messing with the big boys

2. Incorporate in Europe

More expensive. Looking at around AU$6000 to do this, no matter which country. Pointless registering in a tax haven because your working and earning the money from Australia, so should be taxed in Australia. Of course if you setup a bank account in that tax haven and deposit the funds there, nobody needs to know about it. England has been suggested as the best alternative, with tax treaties in place, but very expensive as I said earlier.

Just a side note. If you do want to use a tax haven, my Chartered Accountant suggested one of the channel islands (e.g. Isle of Man, Jersey, Guernsey) as they are covered by British laws. Once again the cost seems to be about the same.

3. Change billers

I've had a few billers say they are prepared to take over, but would potentially lose a high percentage of rebills.

4. I personally use iBill. I was told 2 days ago when speaking to my representative that iBill had put a proposal to VISA to establish an iBill 'portal' that all foreign webmasters effected by this regulation could possibly register with. They are apparently waiting on approval for this??? I know that this advise has to be taken with a grain of salt!! Anyone heard anything similar?

5. I've approached Australian banks about registering as a Merchant with them and doing the whole bloody thing myself. It's been two weeks and I haven't even heard back from NAB and CBA. Looks like a waste of time. Aussie banks are a bunch of hicks.


Hope someone finds some of the info useful. I'd love to hear back what others have found out and even what solutions they've come up with, if any.

Tax havens rules!
US corps are fucked up once again! :1orglaugh
Yes, Channel Islands and Cyprus are good too.

We dumped iBill today... and it feels great to finally have rid ourselves of those bastards.:thumbsup

On the subject of alternative billing companies , can anyone provide some feedback on PSW ?

The Other Steve,

We would love to be able to process visa cards for the Asian-Pacific region. I was hoping very much that we would be able to continue to do so. After spending some time researching the available options, the feasibility of those options, and the impending deadline, we had to make a very difficult decision.

When we process for our clients, our fee is a percentage of their sales. We would have a very poor business model if we purposefully rejected good business. We had little choice.

Personally, I don?t like it any more than you do. We were very hopeful about continuing to process visa for the Asian-Pacific region. Ever since we found out about the new visa regulations, we immediately began to explore all of our options. From the beginning, we knew that there was one definite visa region that CCBill can process for, the US. Our sales staff was instructed to make that clear to all of our clients.

Remember, this only affects Visa sales. No matter where you are, you can still process MasterCard, Discover, JCB, and online check transactions with CCBill

If anybody wants to talk about this please email me

Garv, if that was a CCBill email that you posted, please email it to me

[email protected]

Thanks

Hiya Danger Dave !

:Graucho


Check out Glo-bill.com :)

I agree. Just use Glo-Bill.com. There are a slew of new Aussie, Canuck and Asian webmasters from iBill and CCBill that are now using them, according to posts on their board.

No US presence or tax bullshit necessary.

Here here at least another Canadian that is feeling the crunch here, yeah right register in the US, get a Tax ID, pay the IRS, Revenue Canada and the Province you live in = no money to run your site with

Corvett - why do I have an overwhelming urge to tell you where to go and what to do with your pious bullshit post.

We have been with CCBill for 4 fucking years and we feel that you guys have totally failed in your responsibility to us as your customers. We paid you good money to look after our billing and to protect our interests and when it came crunch time you mealy mouthed pack of bludgers did nothing but wet your pants when Visa growled at you.

What loads of bullshit CCBill and the other wimps came out with to justify your inaction. You guys just bent over and let Visa arse-fuck you and never gave a thought to the position of your overseas webmasters until it was too late.

If you had been prepared to stand up to Visa USA and take your business elsewhere then we would have stuck by you but you were prepared to ditch us so we're ditching you.

And a little note for every Aussie webmaster who ran off to the US and set up an LLC - I hope you have good accountants because you're going to need them. I bet none of you got expert advice on the tax implications involved in setting up an LLC - from what I've been told you will probably be paying 30% on your income (not your profit) in the USA and then your going to have to talk to our tax department too so you had better start saving your pennies you just might need them.

Canadians ( 7 of them!!!) also. No porn, my god!!!! That the heritage of the British Empire... At least, you guys got rid of the Queen. We still have her as "Head of State"... Wonders if she knows what " head" is....

ccBill and iBill both wax lyrical about how good they are and how well they have dealt witht he changes. The reality is quite different.

ccBill and iBill proved to the adult webmaster community that they were both ill prepared and ill equipped to deal with fundamental changes in the operational landscape. Now as a direct result they are unable to provide an adequate level of service, or in the case of iBill demand information about your operation which is unreasonable in the circumstances.

People are rightly annoyed that these two companies have swallowed large monthly fees in exchange for providing a service that they have now basically withdrawn. In Australia these companies would almost certainly be under the scruitiny of agencies like the ACCC if they replicated this behaviour here.

When you boil down the facts, the bottom line is that these companies contracted to provide a service which they have now withdrawn because they could not get their act together. This is a classic example of the fat cat being too slow to find a new source of food when the cream ran out.

Fortunately Australian adult webmasters have other options and we are now using them. It was never a viable proposition for Australian webmasters to set up a US corporation - double taxation rules would not prevent each country taking a large slice of the income pie - notwithstanding the problems of things like public iability etc.

ccBill and iBill, one of your companies is sure to fail in the medium term unless you change your attitude and become more proactive rather then responsive to change. The way in which both of your companies have handled the VISA changes has vindicated those whose decision it was to leave you. Your demonstrable lack of ability to adapt to the business changes imposed on you leaves most onlookers skeptical of your ability to provide an ongoing high level of service. Indeed iBill especially has show that it's client services is almost non existant when you most need them.

Corvett is a good PR guy... Meni, take some notes

you have mail

regards
garv

dump them, go globill