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.

UK?

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

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

Yes.

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.

Any offshore company is risky in my
opinion.

UK isn't Russia... trust me. :1orglaugh

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. :1orglaugh

I agree. BofA =idiots

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.