Canadian High Risk Card Processing Question
 

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

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

Adult movie site.

bump

We can do it.

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

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.

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

Canadian banks have never processed high risk.

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

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

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! :thumbsup

Webby, U IS DA MAN!

Thats exactly what I was looking for.

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

Ray:

:winkwink: 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! :thumbsup

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

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

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

Hi Ray!

You got a message on ICQ! :)

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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