Philippines registered business looking for payment processor for a VPN service

[ccmonger]

Hello,

Business registered in Philippines
Owner in Philippines

Running a VPN service and in need of a Payment Processors that i could be used to accept credit card payments on the site from u.s / eu/ ca customers.

Preferably with fast onboarding and normal responsive support.

Stripe doesn't support Philippines.

Thanks in advance

 

[Juleski70]

There are lots of options but base transaction fees are high in the PH, as you've probably already seen (3.5%+). I don't have experience but just throwing it out: have you checked PayMaya (PH) or Rapyd (Singapore)?

Last edited: Nov 9, 2023

 

[ccmonger]

Rapyd don't reply to emIls for weeks now.
And Maya pinky accepts PHP currency

 

[JohnLocke]

Alternatives would be to incorporate your business in the US and get payment processing for it there, it may be cheaper!

I have no idea which payment processor to use, but I know it may be easier and cheaper to go that way if you fail to find something in the Philippines.

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[ccmonger]

JohnLocke said:
Alternatives would be to incorporate your business in the US and get payment processing for it there, it may be cheaper!

I have no idea which payment processor to use, but I know it may be easier and cheaper to go that way if you fail to find something in the Philippines.
Click to expand...

Hey
Thanks for the reply
I did try with non resident LTD
I wasn't even able to open a PayPal account

They wouldn't let me write a business contact / owner that is not from the UK.

and multiple other payment gateways refused to onboard the company

 

[yngmind]

ccmonger said:
Hey
Thanks for the reply
I did try with non resident LTD
I wasn't even able to open a PayPal account

They wouldn't let me write a business contact / owner that is not from the UK.

and multiple other payment gateways refused to onboard the company
Click to expand...

Open Stripe on your nonresident Ltd, and it will work.

I would recommend opening a US LLC and Stripe.

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I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
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