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Accepting Credit Cards on my Website

Discussion in 'Business & Tax Advice' started by SocialEyez, May 13, 2020.

  1. SocialEyez

    SocialEyez Jr. VIP Jr. VIP

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    So i am having trouble finding a cards processor for one of my projects.

    Because my business is not based in EU or the USA, i am having trouble working with global proccesors like Wirecard and the likes.

    Because my product is located abroad, and all the business occurs abroad, local processors don't want to work with me either.

    Point is, my product and niche is 100% whitehat! not even grey area in it.

    I heard people have figured this out using Payoneer + Gateway. is this viable?

    How can i solve this without opening a company from scratch in one of locations they expect it to be?

    Would like to hear any work around you have experience with or you have in mind, please share :)
     
  2. stoat

    stoat Newbie

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    I myself haven't used it, but I know most people in my country use 2checkout as a payment processor. :)

    (They don't like it though, but there's no alternative)
     
  3. rave40

    rave40 Newbie

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    Why not try with PayPal? I know it is not a good option, but it is still an option.
     
  4. SocialEyez

    SocialEyez Jr. VIP Jr. VIP

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    Sorry for not mentioning this in the OP - we do have PayPal enabled for it.

    We just tend to believe (according to data not guessing) we can have much better conversion rate if we had traditional processing as an option.
     
  5. c4labs

    c4labs Jr. VIP Jr. VIP

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    where is based your company?

    Payment providers with EU or NA licenses will not be able to onboard you.
    You can still find some processors
     
  6. ICUdoLob

    ICUdoLob BANNED BANNED

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    just create a usa llc and get a stripe account.
     
  7. SocialEyez

    SocialEyez Jr. VIP Jr. VIP

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    But my business is selling currently only in the UK, i am not sure how much a US account will serve me.

    Is it that easy doing the same in EU?
     
  8. joeemmanuel

    joeemmanuel Registered Member

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    Having the same problem right now, I hope we find a solution
     
  9. DaPromo

    DaPromo Regular Member

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    If you have IBC in Seychelles, Belize, BVI or the likes you will have a hard time having someone let you in. I know people had success in rare cases with 2checkout but otherwise find a high risk processor but they charge a very high %.
    I recommend you open a new company in EU or US (like Delaware for tax reasons). Stripe lets those in with no issue.
     
  10. SocialEyez

    SocialEyez Jr. VIP Jr. VIP

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    Yea i get it but opening a EU entity, is bringing me back to step one, and to the option that was infornt of me since day one.

    I just had all the wrong reasons not to do it until now (inner organisation stuff, about our companies and whether we should have new entities for this project)

    But it get more and more likely that aside from high risk processors i will have no choice.

    i am now researching into square, as a friend suggested. hopefully i can get it to work somehow :)
     
  11. c4labs

    c4labs Jr. VIP Jr. VIP

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    Square with a no EU or US company will not work.

    Going to Seychelles, Belize, BVI for having a payment provider is risky. 1. It will cost you 2. These countries are avoided by payment providers. It is a red flag for them (even for Gambling business)

    (I replied to your private msg btw)
     
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  12. DaPromo

    DaPromo Regular Member

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    In the financial world, the most trusted is the most transparent pretty much that's why these secrecy places is not accepted much as it's really hard to do any kind of due diligence on them. As opposed to USA example you can do one quick search and find out the whole board and registering agents.
    Maybe if you could open personally a Stripe account, and uses that. Not sure about much solutions. I have heard some people have had success with Square too so good idea there. PayPal should work too with a little bit of trickery.