Merchant account for a Swiss Holding Company.

[Mulan]

Hi fellow OCT members!

I am looking to open a merchant account for a Swiss Holding Company.

The swiss entity is 100% Holder of a licensed securities broker from Vanuatu and with insurance cover up to $500k to guarantee clients funds covered by Lloyd's Bank In London.

The Swiss entity will facilitate payment services to its subsidiaries " the licensed broker" so it receives/ sends payments on its behalf.

Our goal is to get a merchant account to the securities broker. By using the Swiss company it could be easier?

If so, which providers would considering opening such a merchant account?

Thanks for all members in advance!

 

[Martin Everson]

You need a merchant that works with the⁠ underlying trading platforms industry.

Give Rapyd a try. You could use the Swiss company as⁤ they don't support Vanuatu.. Speak to them beforehand however.

https://www.rapyd.net/solutions/industries/trading/

 

[Mulan]

Thanks Martin, really helpful as I⁠ had no ideas at all.

 

[JustAnotherNomad]

I believe many‍ payment processors will view such a model as high risk.

 

[Sols]

Do you mean Lloyd's of London?

If it's the bank⁠ Lloyds, try getting payment processing via them. They have a great platform for it.

That's not what a⁣ holding company normally does. It's more common to have a subsidiary or group entity which⁢ acts as a payment processing agent.

It makes no difference. You will be judged on the basis of the︁ weakest link in the chain, which is the Vanuatu entity.

Where are your customers?︃ Do you have legal opinions from law firms in each of those countries confirming a︄ Vanuatu license is accepted locally there?

 

[EliasIT]

exactly, you may put a company under your holding company which apply for the merchant⁠ account.