Best country in EU for high risk payment processing

[dotpedal]

Hi

What is the best country in EU to incorporate and bank to get a merchant account for a high risk business? What are some jurisdictions to consider?

 

[JohnLocke]

There is no best. However, I would look into Cyprus, UK and some of the other European countries which are accepted by the European payment processors.

First lookup the payment processors that fit your needs, then go after the country. It the right order to do it.

Toggle signature

>> Unlock the Power of OffshoreCorpTalk: Become a Member of the Mentor Group Gold <<​

Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community

Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[anotherone]

=>I heavily used Abn Amro from the Netherlands with my adult related business.
You mentionned "incorporate". I think that if you incorporate in the UK as a non UK resident you will not be able to open a bank account there at a mainstream bank. Meanwhile all the EMI like revolut based in the UK prohibit high risk business
I think that several adult websites use cyprus companies with a cyprus bank.

 

[dotpedal]

anotherone said:
=>I heavily used Abn Amro from the Netherlands with my adult related business.
You mentionned "incorporate". I think that if you incorporate in the UK as a non UK resident you will not be able to open a bank account there at a mainstream bank. Meanwhile all the EMI like revolut based in the UK prohibit high risk business
I think that several adult websites use cyprus companies with a cyprus bank.
Click to expand...

Where was your company incorporated when you used Abn Amro ?

 

[Gediminas]

dotpedal said:
Hi

What is the best country in EU to incorporate and bank to get a merchant account for a high risk business? What are some jurisdictions to consider?
Click to expand...

I would say any EU country would be almost the same in the eyes of processors. Compared to the exotic jurisdictions, which can also be onboarded, EU countries won't bring red flags there. The most important is your business case, documents, countries of payments, etc.

Toggle signature
https://locked.money - Your Crypto Management Company, Ready in Days ”“ Trade, Invoice, $1,200/Year!

 

[Sols]

Some processors have a bias against Bulgaria, Romania, and Latvia because of the rampant use of false UBOs there. It's not much of a problem if you are actually based there but if you're just looking to form a company anywhere in the EU for payment processing, Cyprus, Malta, and UK are the go-to jurisdictions.

Toggle signature
This is the probably the answer to your question.

 

[no1d]

Since UK is out, what about Ireland?

 

[erni]

You still have Cyprus, Malta and BVI as destinations for high risk merchant accounts and regular payment processing. I don't see any issues yet. Have you asked some of the current EU processors if they are forced to stop processing for UK Ltd's because of brexit?