Best merchant processor for US llc (owner non resident in the US)

[delarue]

Dear All,

Which US payment processor would you recommend for my US LLC banking in the US already (i'm non resident in the US).
I have an ITIN and an EIN.
I have already stripe and paypal but i'm looking for US based merchant processor working with non residents.

Thank you in advance for your recommendations.

 

[JohnLocke]

It will depend very much on what business you are into and how much volume you have. It's too broad right now for someone to answer this with something useful.

Anyway, here are a few suggestions:
Square
Stax
Payment Depot
National Processing
First Data

As you can see, it's not exactly helpful, you probably need to come with a bit more information about your business.

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[delarue]

i'm selling writing services with 40 K usd per month roughly, and i'm charging in EUR, and get payouts in USD.

square and stax doesn't work well with international transactions (only USD with a US square account for example).

clean activity, no chargeback at all

 

[High Risk Doug]

Where is your customer base? I ask, because in my experience, I've run into issues with merchants that do not sell mainly in the US from their domestic processor.

 

[delarue]

europe; france and so on

 

[blonded]

delarue said:
europe; france and so on
Click to expand...

any luck finding one ?

 

[delarue]

I stayed with stripe. Almost impossible to find another one if there is not a us resident director or signee.

 

[blonded]

delarue said:
I stayed with stripe. Almost impossible to find another one if there is not a us resident director or signee.
Click to expand...

facts! am going through this right now, everyone is rejecting me for not having SSN and shopify is taking their sweet fucking time with enabling stripe as a payment method

 

[SmartResolution]

blonded said:
facts! am going through this right now, everyone is rejecting me for not having SSN and shopify is taking their sweet f*****g time with enabling stripe as a payment method
Click to expand...

Hi everyone - I would lie to jump in here and say that we are so so so many non-US residents with total legit US businesses (LLC or else) with EIN and ITIN, facing exact same issue. It has become (almost) IMPOSSIBLE to have a payment gateway provider to accept process online stores payments (Shopify / Woo Commerce/ BigCommerce etc), generally for Dropshipping activities. The nature of this business model is deemed high risk (and is on same list as Adult industry, ECB selling, guns & ammo etc), imlpies statistically very high rate of charge backs & refunds, are deemed selling "poor" products mainly from China - AND on top of that if owner is non US resident and has no SSN, it means there is not score credit and it is impossible to check his history as regards money-laundering and criminal records.
So basically, dropshopping + no stocks in the US (= zero assets) + no SSN (= no checkable history) = high risk of high charge backs/refunds + non resident owner (where are you if there is a legal issue ?) ======== rejection from payment gateways.
It has become a nightmare for everybody.
And there is an awful MASSIVE wave of accounts closed, one after one non stop sine last year. And those non resident on US who opened an online store before regulations became very strict are exposed to such random closure as soon as the provider will run checks and realize there is no SSN.
I know of a Portuguese friend in this case, he had several stores on Shopify thru US LLC and being non resident. 100% compliant, pays taxes everything. Well they closed all his shops last month , no explanation. He has no more source of income.
Thats how horrible it has became.
So open a shop from where you are, and go global.

delarue said:
I stayed with stripe. Almost impossible to find another one if there is not a us resident director or signee.
Click to expand...

Stripe currently rejects new applicants if non US applicants and if they do Dropshipping in the US thru LLC. And the old ones .... expect high risk of closure in the future if they run checks. With no explanations.

Last edited: Sep 18, 2024

 

[montterio]

Are you looking for a USA base payment processor or any merchant that offer different currency at checkout will be fine for you ?

 

[brianK]

montterio said:
Are you looking for a USA base payment processor or any merchant that offer different currency at checkout will be fine for you ?
Click to expand...

I'm looking for this for a US LLC

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Winners never quit and quitters never win....

 

[montterio]

brianK said:
I'm looking for this for a US LLC
Click to expand...

Alot offer that in mentor Group i think or you can use google , some merchant approve instantly if your data are good and not blacklist

 

[diro]

very good suggestion 😀

SmartResolution said:
Stripe currently rejects new applicants if non US applicants and if they do Dropshipping in the US thru LLC. And the old ones .... expect high risk of closure in the future if they run checks. With no explanations.
Click to expand...

you can buy ready Stripe accounts to be used if you struggle to get this work.