Alternative to USA LLC for Dropshipping after payment issue?

[shaka]

so for the last 4 months, i have tried every payment processor in the USA‌ like stripe, Paypal, 2checkout, and shopify payments to get hold of a payment processor account‍ most of them labeled my dropshipping business as high risk and won't give me an⁠ account unless I have a utility bill in the name of my USA LLC or⁤ I got my 1500$ stuck in GayPal i tried many merchant account companies who have⁣ the same requirement to either be US resident or provide a proof of utility bill⁢ in the name of my company most of the virtual offices don't allow a utility︀ hooked up on their premise or charge a ridiculous amount to hook it up which︁ still doesn't ensure that my merchant account would be accepted so after losing the battle︂ I finally need some help to where should I form my company so I can︃ easily get a payment processor and a merchant account as I cross the 10000$ mark︄ in processing I cant lose anymore money setting up these companies so any one of︅ you experienced guys out their please help me out how to take my next step︆ in company formation

 

[Mark Rucken]

UK LLP + TransferWise + Stripe. It works perfectly for me and I (and my‌ business partner in UK LLP) are not UK residents. Stripe never asked for any kind‍ of proof of address/utility bill in the UK.

If your business is high risk and⁠ they have a special requirement for onboarding, that is a different story.

 

[shaka]

well its dropshipping business and everyone label it as a high risk because of high‌ charge back rates
will I be able to get a merchant account as well if‍ stripe goes down for some reason(happens very often)?
thanks for your input tho I was⁠ thinking the same

 

[shaka]

LTD and LLP are same thing or different in any aspect?

 

[Mark Rucken]

Completely different. LLP is a Partnership with at least 2 partners in the ownership‍ structure. LLP generally does not pay profits tax if the income is not generated in⁠ the UK.

LTD is a "standard" company with sharehodlers and profits tax

 

[shaka]

oh right thanks for the info again any leads on merchant accounts if I would‌ be able to secure one of those being a non UK resident?

 

[Nomad777]

Hello Mark, so your saying i can create an LLP company in the⁠ UK and pay no taxes if the money is made elsewhere? and is it easy⁤ to open an LLP company and to open bank accounts with it?

 

[shaka]

@Nomad these emi accounts like transferwisr and payoneer might be easy to get but real‌ accounts like barclays etc u probably have to visit uk to get them