Merchant account for a Swiss Holding Company.

[Mulan]

Hi fellow OCT members!

I am looking to open a merchant account for a Swiss Holding Company.

The swiss entity is 100% Holder of a licensed securities broker from Vanuatu and with insurance cover up to $500k to guarantee clients funds covered by Lloyd's Bank In London.

The Swiss entity will facilitate payment services to its subsidiaries " the licensed broker" so it receives/ sends payments on its behalf.

Our goal is to get a merchant account to the securities broker. By using the Swiss company it could be easier?

If so, which providers would considering opening such a merchant account?

Thanks for all members in advance!

 

[Martin Everson]

Mulan said:
Our goal is to get a merchant account to the securities broker. By using the Swiss company it could be easier?

If so, which providers would considering opening such a merchant account?
Click to expand...

You need a merchant that works with the underlying trading platforms industry.

Give Rapyd a try. You could use the Swiss company as they don't support Vanuatu.. Speak to them beforehand however.

https://www.rapyd.net/solutions/industries/trading/

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Mulan]

Martin Everson said:
You need a merchant that works with the underlying trading platforms industry.

Give Rapyd a try. You could use the Swiss company as they don't support Vanuatu.. Speak to them beforehand however.

https://www.rapyd.net/solutions/industries/trading/
Click to expand...

Thanks Martin, really helpful as I had no ideas at all.

 

[JustAnotherNomad]

Mulan said:
The Swiss entity will facilitate payment services to its subsidiaries " the licensed broker" so it receives/ sends payments on its behalf.
Click to expand...

I believe many payment processors will view such a model as high risk.

 

[Sols]

Mulan said:
The swiss entity is 100% Holder of a licensed securities broker from Vanuatu and with insurance cover up to $500k to guarantee clients funds covered by Lloyd's Bank In London.
Click to expand...

Do you mean Lloyd's of London?

If it's the bank Lloyds, try getting payment processing via them. They have a great platform for it.

Mulan said:
The Swiss entity will facilitate payment services to its subsidiaries " the licensed broker" so it receives/ sends payments on its behalf.
Click to expand...

That's not what a holding company normally does. It's more common to have a subsidiary or group entity which acts as a payment processing agent.

Mulan said:
Our goal is to get a merchant account to the securities broker. By using the Swiss company it could be easier?
Click to expand...

It makes no difference. You will be judged on the basis of the weakest link in the chain, which is the Vanuatu entity.

Mulan said:
If so, which providers would considering opening such a merchant account?
Click to expand...

Where are your customers? Do you have legal opinions from law firms in each of those countries confirming a Vanuatu license is accepted locally there?

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

 

[EliasIT]

Sols said:
That's not what a holding company normally does. It's more common to have a subsidiary or group entity which acts as a payment processing agent.
Click to expand...

exactly, you may put a company under your holding company which apply for the merchant account.

Toggle signature
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.