Non-U.S. Resident LLC - Payment Processors - DropShipping - Tips

[Bracko]

Hello,

I just got fired from Stripe, they say my business is too risky, I sell dropshipping clothes in Europe with an American LLC. So I have 5 days to find another payment processor, do you have any advice for me?
He must be able to be in place quickly, accept dropshipping and non-U.S. residents

Thanks for your help.

Last edited: Dec 5, 2019

 

[Martin Everson]

Sorry what exactly made your business risky in first place? Is it having a US LLC for business as a US non-resident, drop shipping activity, your nationality etc?

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Bracko]

Hi Martin,

Yes it is a LLC with business bank account in US (2 french nationnality co-owner 50%-50%), it is dropshipping. Products are for french market. Website is in french.

 

[Martin Everson]

Ok I see so use of a US LLC and bank account by French nationals to sell into local French market makes no sense to stripe. Well you have to agree with them at some level conf/(%.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Bracko]

Yes, of course we can understand that. Do you think it is possible to find a payment processor that would accept this situation? Ideally with automatic validation.

 

[fshore]

Bracko said:
Hello,

I just got fired from Stripe, they say my business is too risky, I sell dropshipping clothes in Europe with an American LLC. So I have 5 days to find another payment processor, do you have any advice for me?
He must be able to be in place quickly, accept dropshipping and non-U.S. residents

Thanks for your help.
Click to expand...

Are the clothes shipped from within the EU? Are you vat registered where they ship from and in France?

Does the new merchant account have to be for the US LLC or will you consider to set up a new European company?

 

[fshore]

wonderfulhouse said:
since your website is registered in Europe, i can help you for sure, may i know what's your monthly volume and cb rate now?
Click to expand...

He didn't say the website is registered in Europe.

 

[Martin Everson]

Bracko said:
Do you think it is possible to find a payment processor that would accept this situation?.
Click to expand...

Accept a US entity...well what do you think?🙄

I am sure others can help you here with options.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Bracko]

fshore said:
Are the clothes shipped from within the EU? Are you vat registered where they ship from and in France?

Does the new merchant account have to be for the US LLC or will you consider to set up a new European company?
Click to expand...

Hi,
Clothing is sent from China to Europe, we do not have VAT. The new merchant account have to be for the US LLC

 

[Bracko]

wonderfulhouse said:
since your website is registered in Europe, i can help you for sure, may i know what's your monthly volume and cb rate now?
Click to expand...

Our monthly volume is about $15 000. CB rate : 0.25+2.8%

 

[Milken]

Bracko said:
Hi Martin,

Yes it is a LLC with business bank account in US (2 french nationnality co-owner 50%-50%), it is dropshipping. Products are for french market. Website is in french.
Click to expand...

Brako what business banks do you recommend for a non resident LLC owner

 

[buenosdias]

I think the problem is the US LLC. If you're only doing business in EU, US payment providers may not accept you, since it makes no sense, even to me .

You'll be better off with a EU company. Then they'll accept you.

 

[elisyumchild]

Based on your CB rate most processors will close the account after a couple are made also it depends on how much you make per week and the CB amounts [not rate only]
Ex: If you make 3k per week and get 3CB's of 100$ expect either the processor asking for docs or just close the acc right away.

you can try authorize, even tho they request lots of docs but they also accept non-residents.
Cheers

Bracko said:
Our monthly volume is about $15 000. CB rate : 0.25+2.8%
Click to expand...

 

[Bracko]

elisyumchild said:
you can try authorize, even tho they request lots of docs but they also accept non-residents.
Click to expand...

hi elisyumchild,

Are you sure ?

 

[elisyumchild]

check with their support [dunno if its against any rules to drop their email here tho], but 1 thing you need to have all documentation ready.

 

[Bracko]

hi,
Currently, TransferWise is not a payment processor
Thank you.

 

[Btraveler]

elisyumchild said:
Based on your CB rate most processors will close the account after a couple are made also it depends on how much you make per week and the CB amounts [not rate only]
Ex: If you make 3k per week and get 3CB's of 100$ expect either the processor asking for docs or just close the acc right away.

you can try authorize, even tho they request lots of docs but they also accept non-residents.
Cheers
Click to expand...

Hello there @elisyumchild and @Bracko Autorize.Net and 2Checkout, are suitable for an US LLC that invoices majority clients from Europe? (for tax purposes, obviously)?

Are these payment processors reporting to your EU contry as you're the Beneficial Owner of the account?

 

[elisyumchild]

Btraveler said:
Hello there @elisyumchild and @Bracko Autorize.Net and 2Checkout, are suitable for an US LLC that invoices majority clients from Europe? (for tax purposes, obviously)?

Are these payment processors reporting to your EU contry as you're the Beneficial Owner of the account?
Click to expand...

Authorize is a gateway, they work with many processors if you line of business fall within their limits, get in touch with their support and tell them you are not a US citizen so you don't have a SSN, if they fit with your business they will get you in touch with a processor, you will need a US Bank account but that's the easy part.

 

[catpower]

Bracko said:
hi,
Currently, TransferWise is not a payment processor
Thank you.
Click to expand...

You are right, some years ago I used Payoneer with a Wyoming llc selling mostly services to EU companies and 2chechout as processor,never had any problem,but 10 years ago ,maybe now it is different

 

[buenosdias]

elisyumchild said:
Authorize is a gateway, they work with many processors if you line of business fall within their limits, get in touch with their support and tell them you are not a US citizen so you don't have a SSN, if they fit with your business they will get you in touch with a processor, you will need a US Bank account but that's the easy part.
Click to expand...

Regarding authorize.net for non-us residents, this might help.
ANET