high risk payment processor or start a company in europe?

[daniels27]

loti said:
I'm sure that stripe doesn't accept my type of site. I already have some classic processors that use the other escort ad sites in Europe that shouldn't have any problems accepting me, the only thing is that the company is required in Europe or England
And i dont would use cloacking
Click to expand...

Yes. Then just the classic processors. How much do they charge for international cards?

From my experience, you can just do search and replace. You substitute "girls" with "dog" and put some bread around the sausage and use red ketchup instead of white sauce. You will have a good hot dog page for one day, get accepted and then they never come back. Ok, maybe better just a random classified page for normal service to get the proper clarification. You then later changed the design without telling them.

 

[loti]

daniels27 said:
Yes. Then just the classic processors. How much do they charge for international cards?

From my experience, you can just do search and replace. You substitute "girls" with "dog" and put some bread around the sausage and use red ketchup instead of white sauce. You will have a good hot dog page for one day, get accepted and then they never come back. Ok, maybe better just a random classified page for normal service to get the proper clarification. You then later changed the design without telling them.
Click to expand...

yes, on the one hand I would be interested in doing the British ltd, because I already have a pre-agreement with emerchpay, they will help me with my type of site on the condition that the society is incorporated in England.

 

[daniels27]

loti said:
yes, on the one hand I would be interested in doing the British ltd, because I already have a pre-agreement with emerchpay, they will help me with my type of site on the condition that the society is incorporated in England.
Click to expand...

Sure, then why not do it?

Do they allow payout in EUR? What are their fees for international cards?

 

[loti]

daniels27 said:
Sure, then why not do it?

Do they allow payout in EUR? What are their fees for international cards?
Click to expand...

I'm discussing this point with them to see the best solution. because I want to see if it's okay for them to use euros without having to change them into pounds

I see that many escort sites in Europe are incorporated into Cyprus companies, this could also be an interesting destination, does anyone have any news about it?

 

[daniels27]

loti said:
I'm discussing this point with them to see the best solution. because I want to see if it's okay for them to use euros without having to change them into pounds
Click to expand...

Perfect.

loti said:
I see that many escort sites in Europe are incorporated into Cyprus companies, this could also be an interesting destination, does anyone have any news about it?
Click to expand...

May not make sense in you case. It is mainly for tax savings. Are you paying taxes anywhere?
https://www.lemonde.fr/en/pixels/article/2023/11/15/cyprus_6257345_13.html

 

[loti]

daniels27 said:
Perfect.


May not make sense in you case. It is mainly for tax savings. Are you paying taxes anywhere?
https://www.lemonde.fr/en/pixels/article/2023/11/15/cyprus_6257345_13.html
Click to expand...

for now i have paid taxes in brazil. but i don't need a structure to save taxes, i need something to have a presence in europe so as to be accepted by european payment processors.
As i told you i don't see the vat as a problem because i will charge it to the users of the site
and as you suggested, I will forward most of the charges to the LLC to pay just the minimum amount of taxes to make it all work.

most of the sites in europe are incorporated in cyprus, estonia, netherlands, switzerland, england and czech republic. now discarding switzerland because of the high costs, i am open to any option.
cyprus is basically the country where most of the escort sites i have researched are registered

 

[daniels27]

In this case, you can forget about Cyprus.

Cyprus is for tax savings. Need to be bigger for it to pay off.

Czechia is for studios. According to the article posted.

Switzerland is of no relevance here as processing is too expensive. Typically used for tax savings and privacy, similar to Cyprus.

Netherlands not sure why. Maybe affinity for whores.

You need to check Estonia and UK as taxes are irrelevant in your case.

 

[daniels27]

Just one more question. Are the models / clients from Brazil too? Then why not process their payments locally? You may be able to get even lower fees and higher conversion.

 

[loti]

daniels27 said:
Just one more question. Are the models / clients from Brazil too? Then why not process their payments locally? You may be able to get even lower fees and higher conversion.
Click to expand...

mmm I don't take this case into consideration, because only a part of the customers are Brazilian, and it would also be a hassle with the conversion rates. I am in Brazil as a digital nomad, but I am an Italian citizen, so for this reason I prefer to keep my capital in the LLC (in dollars) instead of sending it to Brazil .
I prefer a payment processor in euros. I have researched about 20/25 escort sites in Europe. So I would just like to conform to them, and have a company and processor in Europe

 

[daniels27]

loti said:
mmm I don't take this case into consideration, because only a part of the customers are Brazilian, and it would also be a hassle with the conversion rates. I am in Brazil as a digital nomad, but I am an Italian citizen, so for this reason I prefer to keep my capital in the LLC (in dollars) instead of sending it to Brazil .
I prefer a payment processor in euros. I have researched about 20/25 escort sites in Europe. So I would just like to conform to them, and have a company and processor in Europe
Click to expand...

Oh Italian. Yes, then this does not make much sense if only part of the customers are from Brazil.

 

[loti]

daniels27 said:
Oh Italian. Yes, then this does not make much sense if only part of the customers are from Brazil.
Click to expand...

Why do you think Cyprus is not good for my case ?

 

[loti]

friends, if any of you know of any payment processor that accepts to process payments for my company I am open to suggestions
ps NO crypto

 

[happyjohn]

You should discuss the details with emerchnatpay as you said you are using earlier in the thread. They are perfectly good for what you need and they can do it all and have low rates despite from the discussion about interchange and stuff.

Using them for years without the slightest problem.

 

[daniels27]

loti said:
Why do you think Cyprus is not good for my case ?
Click to expand...

Universally expensive unless you need to have economic substance to save tax. I don't think this is needed for you in Brazil.

 

[daniels27]

loti said:
friends, if any of you know of any payment processor that accepts to process payments for my company I am open to suggestions
ps NO crypto
Click to expand...

Would you mind sharing what rate they offer you on international cards? It is pretty pointless to waste time in case you have a good solution.

 

[loti]

daniels27 said:
Would you mind sharing what rate they offer you on international cards? It is pretty pointless to waste time in case you have a good solution.
Click to expand...

sure, I got in touch with them saying that we might be interested in opening the company in England as they suggested, I'm waiting for their response with the conditions and I'll update you

 

[loti]

daniels27 said:
Universally expensive unless you need to have economic substance to save tax. I don't think this is needed for you in Brazil.
Click to expand...

since you seem to be well-versed on the subject, when you say it is more expensive, what costs are you referring to?
in addition to the cost of opening and maintaining, renting the workspace, accountant and balance sheet,
the only costs that I understand would have to be faced in Cyprus are:
19% VAT only for European clients
12% income taxes that can be reduced by invoicing the LLC

regarding the opening and maintenance costs that were outlined to me by the firm I rely on to manage the LLC, so it wouldn't be a problem to make this investment, because I trust the law firm so I know there shouldn't be any problems.
so for this reason I ask you, do you know if there could be additional costs to face during the year?

I insist on Cyprus because after Switzerland, Cyprus is the second country with the highest number of companies that manage escort sites in Europe, in addition to the lower taxes than average and considering the fact that they are a Euro country so no conversion costs, could there be other advantages?

 

[loti]

happyjohn said:
You should discuss the details with emerchnatpay as you said you are using earlier in the thread. They are perfectly good for what you need and they can do it all and have low rates despite from the discussion about interchange and stuff.

Using them for years without the slightest problem.
Click to expand...

sure, but I evaluate all the options, because I would like to have more possibilities the 4/5 payment processors of escort sites in Europe accept on condition that you are in Europe.
so i would like to avoid putting all eggs in one basket, and open in england only for emerchatpay, since if one day i had some kind of problem with them and i had to switch to another processor it could be more difficult since the company is in england. so for this i would like to try to open in some country where most of the processors accept so that if i have problems with one i can already hire another.

Last edited: Jan 20, 2025

 

[daniels27]

loti said:
19% VAT only for European clients
Click to expand...

The VAT depends solely on the location of the client. It does not matter where you are incorporated.

 

[daniels27]

loti said:
I insist on Cyprus because after Switzerland, Cyprus is the second country with the highest number of companies that manage escort sites in Europe, in addition to the lower taxes than average and considering the fact that they are a Euro country so no conversion costs, could there be other advantages?
Click to expand...

It most likely does not make any sense. Those companies use Cyrpus for tax savings. They have substance there. You do not need any of this with your setup. Of course you can do it and pay the service providers.

With your volume, you can easily have both a UK and a Estonia company running at the same time and having backups. It will still cost less than the full blown steup in Cyprus.