EMIs and payment processors

[FilipinoLawyer]

I saw this post from our moderator https://www.offshorecorptalk.com/th...rocessors-and-btc-to-fiat-institutions.25398/

I would like to know if I incorporate a Cyprus company and include bank account opening as a service, which are they referring to EMI or traditional bank?
If my purpose is to get a payment gateway for my US clients, would getting an EMI and payment processors you listed work?
Would it have a significant effect in terms of approval ratio if I dont get a US MID

 

[uplana]

You need to be careful some will open real bank account but⁠ tell you in order to do so you need a company setup with substance. These⁤ are serious providers. Others will avoid the topic and simply open an account with an⁣ EMI like Paysera, Wise, Intergiro etc. both may be fine but the real thing is⁢ an account with Astroc Bank, Bank of Cyprus etc.

In regards to payment processors. They︀ don't care as long as the EMI or Bank account is in the EU if︁ you apply for a EU merchant account / payment processing service.

If the merchant account︂ is located outside of the EU you need to find out which REGION of the︃ world this apply to and find a EMI in that REGION to avoid trouble.

 

[bountymounty]

there are lot's of payment processors where you⁠ can get a merchant account without big hassle, I found many of them in the⁤ mentor group , on Google and some competitors I researched.

 

[bubbledouble]

In mentor group (you have access to it I see) you can find this wonderful‌ guide
https://www.offshorecorptalk.com/th...ss-up-running-–-tried-tested-providers.33487/
it has helped me to safe months and lot of horrible work, I‍ followed every step there and ended up with a fantastic business setup including banking and⁠ credit card processing for my business. it's high risk.

 

[clemens]

yeah it is a straight forward explanation on how to get things done quickly.