Best set up to anonymously accept credit card payments for software business?

[FilterX]

Hi everyone,

I made a similar thread about this in the public area, but now that I have access to the Mentor Group I'd like to get into some additional details.

I am running a software business with a company incorporated in Nevis and bank account in Cayman Islands. I am based in Hong Kong and do not have any physical presence in either Nevis or Cayman. Until now I have been receiving payment via wire transfer (which has worked fine as I've been working on large contracts only), but I am launching a new product that will require accepting credit card payments from individual customers in order to generate software license keys. The nature of the software puts it in a legal grey area in some countries (including the US) but it is explicitly legal in both Nevis and Cayman Islands. Because of the possible legal grey area there is a small chance that it would get some heat from a few US based companies, so I do not want my real details used for the credit card payment processing account just in case they get subpoenaed (which would open myself up to harrassment from said US companies). My real details were used for the company incorporation and bank account opening but that is not an issue as the software is completely legal in those jurisdictions so they would not entertain any requests for information from a civil lawsuit.

I am very new to the world of payment processing, so am not at all familiar with all the different options. Basically, I need a way to accept credit card payments from customers via the store on my website, which will pay out into my Cayman Islands bank account. Because I don't want my real identity used here, obviously this will require the use of fake documents. Because I am dealing in virtual goods I am able to accept a higher processing fee and longer payout cycles - the main thing really is that I can eventually get paid without linking to my real identity.

Given these requirements, can anyone suggest suitable options for a payment processing service that I could use with fake documents and would pay into my Cayman Islands account? What sort of documents and other steps would be required for verification? What would I need to do going forward to avoid problems with the payment processor locking/terminating the account in future (I do not expect many chargebacks as the software will first be offered on a trial basis so people will only buy the license if they are sure)?

Any help would be much appreciated.

 

[shelb]

I suggest you to look for PaymentWall, they accept Credit Card along with alot of others payment system (bank transfer, prepaid cards etc) and they can payout with a Bank Transfer, WebMoney or PayPal each month.

I don't know if they accept Nevis company and Cayman Islands bank account but i don't see why they woudn't ... They just want to do business.

 

[FilterX]

shelb said:
I suggest you to look for PaymentWall, they accept Credit Card along with alot of others payment system (bank transfer, prepaid cards etc) and they can payout with a Bank Transfer, WebMoney or PayPal each month
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Interesting, had not heard of PaymentWall before and they look like a decent option, thanks for the recommendation.

However, I think I need to clarify. Ideally I would like to use one of the more established players such as 2Checkout, Stripe, Paypal etc - so I would like to know if it is possible to set up an account with one of these platforms using fake identity/verification documents and have money paid into a Cayman Islands account, and if so specifically what would be required in terms of these fake documents or other verification steps.

 

[negon]

Stripe and 2checkout can work, the latter you can't use with a Belize company only St. Kitts or some of the many other jurisdictions / countries supported.

FilterX said:
and if so specifically what would be required in terms of these fake documents or other verification steps.
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beside that, you will need a VPS and a SIM from the country of the fakes.

 

[diablo]

FilterX said:
Given these requirements, can anyone suggest suitable options for a payment processing service that I could use with fake documents and would pay into my Cayman Islands account?
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You need docs from the Cayman's and you need a bank account from there in order to use 2co or other payment processors support the Cayman's otherwise you setup some total fake operation with 2co and check if they accept EMI account providers like LeuPay, Worldcore or similar.