Credit card processor for US based company and non US resident owner

[vought]

I decided to apply for a Mentor Group Gold subscription in order to find a solution to my issue. I'm a EU resident and sole proprietor of a Wyoming LLC company. For more than one year I could use Paypal US as my payment processor. They required me an ITIN number as I couldn't provide a SSN. Well, once I provided the ITIN number my account was immediately closed! 🙁 I appealed, but to no avail. And yes, my Paypal account was a business one, not a personal one. I offer 1to1 tutoring and consulting services on a SaaS platform. I do not sell any product. It's a 100% online service for individuals interested in learning how to use that platform or asking for help with their management. I'm not a reseller of that SaaS platform.

Can someone please recommend a reliable payment processor accepting my situation? This is the list of payment services who already rejected my application so far:

1. Paypal
2. 2Checkout.com
3. Advcash
4. Adyen
5. Agapay
6. Apcopay
7. CCBill
8. Ecommpay
9. Fastspring
10. Handepay
11. Instabill
12. Kuapay
13. Paymentdepot
14. Promerchant
15. Totalprocessing

Thank you in advance

 

[Sols]

The problem is that it's a fundamentally unattractive structure: US company, EU resident owner, and risky service. Unless your volume is in the 100,000 USD/month range, the revenue earned from processing probably doesn't compensate for the risks.

You would have a much easier time if you just formed a local company in the EU. The tax bill at the end of the day is going to be the same anyway.

The fact that Apco, CCBill, Instabill, and TotalProcessing have said no doesn't bode well. They process (or can find solutions) for almost anyone who can fill in an application form.

You can try other agents/resellers like Durango and T1 Payments but they are usually reselling the same solutions that the other PSPs do.

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This is the probably the answer to your question.

 

[VESTANON]

vought said:
I decided to apply for a Mentor Group Gold subscription in order to find a solution to my issue. I'm a EU resident and sole proprietor of a Wyoming LLC company. For more than one year I could use Paypal US as my payment processor. They required me an ITIN number as I couldn't provide a SSN. Well, once I provided the ITIN number my account was immediately closed! 🙁 I appealed, but to no avail. And yes, my Paypal account was a business one, not a personal one. I offer 1to1 tutoring and consulting services on a SaaS platform. I do not sell any product. It's a 100% online service for individuals interested in learning how to use that platform or asking for help with their management. I'm not a reseller of that SaaS platform.

Can someone please recommend a reliable payment processor accepting my situation? This is the list of payment services who already rejected my application so far:

1. Paypal
2. 2Checkout.com
3. Advcash
4. Adyen
5. Agapay
6. Apcopay
7. CCBill
8. Ecommpay
9. Fastspring
10. Handepay
11. Instabill
12. Kuapay
13. Paymentdepot
14. Promerchant
15. Totalprocessing

Thank you in advance
Click to expand...

@OP first case scenario of failure was having a company from a jurisdiction, where you dont fit/have access within the basic requirements of operating or holding a US company and while domiciled in the EU.

Moreso, having a paypal biz acct within your jurisdiction and location, would seem more appropriate and a longway

Propable path, get a website based on your services offered, setup and verify your local paypal..once done attach the paypal API/ ADVCASH API/E-wallet Api/coinbase Api..etc to the website...

With the above your chances are higher inrelation to a longterm setup,various payment options etc

Moreso The MG has an exhaustive list of whitelabel merchants that could on board your business services..try them out..cig-:,

NB: the payment tab of the website should have boldly inscribed
(FOR DONATIONS), and as such it doesnt emerge as a for profit service...leaning towards more of a voluntary service..

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ӢBank AcctsӢDebit CardsӢCrypto Emis
ӢCard To Crypto Cashouts
:[email protected] 😎​

 

[vought]

Sols said:
The problem is that it's a fundamentally unattractive structure: US company, EU resident owner, and risky service. Unless your volume is in the 100,000 USD/month range, the revenue earned from processing probably doesn't compensate for the risks.

You would have a much easier time if you just formed a local company in the EU. The tax bill at the end of the day is going to be the same anyway.

The fact that Apco, CCBill, Instabill, and TotalProcessing have said no doesn't bode well. They process (or can find solutions) for almost anyone who can fill in an application form.

You can try other agents/resellers like Durango and T1 Payments but they are usually reselling the same solutions that the other PSPs do.
Click to expand...

Thank you very much for your information. Durango recomended me IpayTotal only so I immediately rejected and will not consider them anymore. I will try T1 Payments. I appreciate your suggestions.

 

[vought]

VESTANON said:
@OP first case scenario of failure was having a company from a jurisdiction, where you dont fit/have access within the basic requirements of operating or holding a US company and while domiciled in the EU.

Moreso, having a paypal biz acct within your jurisdiction and location, would seem more appropriate and a longway

Propable path, get a website based on your services offered, setup and verify your local paypal..once done attach the paypal API/ ADVCASH API/E-wallet Api/coinbase Api..etc to the website...

With the above your chances are higher inrelation to a longterm setup,various payment options etc

Moreso The MG has an exhaustive list of whitelabel merchants that could on board your business services..try them out..cig-:,

NB: the payment tab of the website should have boldly inscribed
(FOR DONATIONS), and as such it doesnt emerge as a for profit service...leaning towards more of a voluntary service..
Click to expand...

Thank you very much for your reply. So if I underatand what you say correctly I should:
1. Open a Business Paypal account in my country for my company in the US. Will Paypal accept that?
2. I attach the Paypal API to my current website.
3. I offer my website's payment page as donations instead of payments? Is this what you mean? 😵

On the other hand, can you please tell me where that list of whitelable merchants is, please?

Once more, thank you very much for your help.

 

[vought]

I update the list of rejected applications:

16. NOWpayments.

 

[VESTANON]

vought said:
Thank you very much for your reply. So if I underatand what you say correctly I should:
1. Open a Business Paypal account in my country for my company in the US. Will Paypal accept that?
2. I attach the Paypal API to my current website.
3. I offer my website's payment page as donations instead of payments? Is this what you mean? 😵

On the other hand, can you please tell me where that list of whitelable merchants is, please?

Once more, thank you very much for your help.
Click to expand...

Yes exactly,creating substance would also be a cherry along with the above points...
Another point the US company could be set up as a branch catering to a certain demographic, while the home registered company acts as Head office/base of operations

Toggle signature

HighRisk P2P Card To Crypto Setups
ӢFiat->CryptoӢVerified EmiӢVcc Cards
ӢBank AcctsӢDebit CardsӢCrypto Emis
ӢCard To Crypto Cashouts
:[email protected] 😎​

 

[vought]

Ok. Thank you very much for the info.

 

[vought]

I update the list of rejected applications:

17. ProPay.com.

 

[vought]

WOW! Kuapay recommended me IPAYTOTAL!!!! 😵😡 Damn scammers! And they requested an upfront payment of €1500 for that 'great payment processing option'!!! 😡

Can someone please include Kuapay in the list of damn scammers?

 

[sonato]

vought said:
Thank you very much for your information. Durango recomended me IpayTotal only so I immediately rejected and will not consider them anymore. I will try T1 Payments. I appreciate your suggestions.
Click to expand...

yeah it is a disaster that they do recommend iPaytotal, wonder if they somehow get connected or if they just plain stupid.

vought said:
Can someone please include Kuapay in the list of damn scammers?
Click to expand...

Are you sure they are scammers?

Have you tried with some of the many other US processors like First Data, authorize.net etc?