Payments for Foreign owned US LLC with No SSN

[terminator5505]

Hello

I have a very common offshore setup but it seems that it doesn't work anymore.

1. Foreign owned single member US LLC in Wyoming
2. EIN from IRS
3. Business checking account from mercury.co
4. No past processing history.
5. Me sole owner from North Africa with no SSN

I'm trying to accept credit card payments on my website offering web design and SEO. With every company they require US presence and SSN but I don't have this.
Do I have any chance getting accepted? or do I just have to close this LLC?
I think many members here may have a similar setup so I will appreciate anyone who would recommend a company that will allow me to accept card payments with EIN only without SSN in 2021.

Thank you

 

[neweraoffshore]

Paypal might accept you if you talk to them.
Stripe doesn't require SSN ?! Do‌ they now? Maybe it changed, but the last accounts I made there didn't require SSN,‍ only EIN.

You can also get an ITIN. Takes around 2-6 months.

 

[isp00rt]

Paypal can accept you, but only temporarily. I have the same situation like you and‌ they accepted form more than one year. Then they required an SSN or an US‍ based utility bill. As I couldn't provide any, they cancelled my account. 😡 And yes, the⁠ account was at my company's name, no mine's. However, the require a person to contact⁤ to. If that person is not living in the US, you are screwed.

 

[isp00rt]

Stripe DOES require an SSN. My application was rejected because an ITIN is⁠ not enough for them.

 

[BiznesWebPros LLC]

Hi,

I also︁ have

* an LLC in WY (web development agency)
* EIN
* Bank account from︂ Mercury

I DONT have

* SSN

A few weeks ago i got accepted on Stripe.︃ They asked for a website link and I got approved. Just make sure you are︄ using VPN

btw, I also tested getting paid through Stripe. They hold funds for 7︅ days for the first payment before sending them to Mercury.

 

[terminator5505]

Stripe will not require SSN during the initial application, but I⁢ think this just temporary and they will probably hold your money for 180 days like︀ PayPal does.

I have applied about one week ago and got accepted instantly without SSN︁ and I can receive payments now but I've noticed at the same that spooky email︂ they sent me:

No response from them till now︈ but I really doubt that Stripe will allow me to accept payments without SSN on︉ the long run based on other users experience here. I refrained from accepting payments through︊ this account to avoid holding my money for a long time with them.

 

[BiznesWebPros LLC]

I dont see any reason why they︁ would block the account. Most of the blocked accounts are doing dropshipping and you are︂ in the web design...

However, as a backup its wise to get another payment gateway/processor.︃ I've applied for Oceanpayment.com. Its an asian company and I heard that are more lenient︄ with the ecom business.

 

[terminator5505]

You maybe right but their initial email clearly states that I'm not allowed⁠ to process payments till the review is over so I will probably wait for their⁤ response and update you here if they required me to provide SSN.

 

[terminator5505]

PayPal is the worst, I have like $23K held there in accounts⁣ based on my home country under my personal name. Look at their reviews on Trustpilot⁢ it is just hilarious. Their business model is holding people money for no reason.

 

[isp00rt]

Please don't hesitate to share you feedback here when a reply is available.

 

[JohnLocke]

yep we faced account closure after 10 years without any reason given, called them⁤ a endless time and each time they promise to get back, 2 months later still⁣ radio silence.

As for your payment processing issue, I would consider to register a company⁢ in Europe either UK Ltd, Cyprus, Malta or other places in Europe where you can︀ setup a company on paper with substance, it will make it easy (depending on your︁ business) to get an EMI and Merchant Account for your needs.

All well described in︂ our large guide inside the Mentor Group Gold with names and explaining information on how︃ to set this up.

 

[SuperHeavy]

Why do you need a VPN to sue Stripe?

 

[JohnLocke]

how is it going so far?

 

[tacokai]

Would love to hear the feedback. Valid payment processors may be Stripe,‍ Instabill, Chronopay, Paysera, Paycom