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LLC Requires a US Method of Payment

Discussion in 'Business & Tax Advice' started by ianparks, Jan 9, 2010.

  1. ianparks

    ianparks Newbie

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    Hi,

    I live in the UK and need to buy items from various US websites for my online affiliate business. The problem is 99% of the websites I use operate the AVS (Address Verification System) on the credit card you enter when setting up your account. For those that don't know, AVS only works within the borders of the US so if you have a non-US credit card, the AVS system cannot confirm your billing address and prevents you from making the transaction.

    ok then...lets get a US Method of payment...

    This is alot harder than it sounds if you don't live on planet US. The Patriot Act (introduced post 9/11) requires all financial institutions to confirm the identity of new customers. To get my foot in the door, so to speak, I have setup an LLC which has a US address (mail forwarding service that does not use PO boxes!!), telephone number and EIN Tax ID.


    I have tried the following approaches and drawn a blank....

    Opening a US Bank account (for a non-US person)
    ------------------------------------------------
    This is possible but you need to physically go into a branch with valid photo ID and proof of address. I cannot do this as I don't live in the US

    Opening an online US bank account (for non-US peeps)
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    they ultimately ask for photo ID etc, as dictated by the patriot act

    Getting a US prepaid debit card (for non-US peeps)
    -------------------------------------------------
    50% ask you to call them as thier automated system does not like the EIN Tax ID that I have put in place of the SSN. The other 50% appear to work with confirmation emails being sent telling me my card is on it's way. Unfortunately a few days in they also perform the same checks on the EIN Tax ID and cancel the request

    Opening a US Business Bank Account (for non-US peeps)
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    Again, the Patriot act requires me to prove I live in the US. They want photo ID etc... They also want a physical address where they will be able to see that business is being conducted. Not a simple mail forwarding service.

    VCC's
    -----
    It seems to me that alot of these services are scams and you will never see your money again. I would require a reloadable VCC but the only sources I can find want ridiculous %'s of each deposit made. These guys are also less than kosha making me uneasy about sending large sums of money. I am trying to run a legitimate online business so I would only want to deal with real services offered by real banks etc..

    ...Ultimately, all I need is a method of payment (credit card, debit card etc) that has a valid US Billing address on it so that I can get past the AVS system. Not much to ask but it seems the entire US financial system is geared to fiercly prevent non-US people from applying for US financial products & services.

    If anyone has any suggestions or recommendations then It would be greatly appreciated.

    Ian P.
     
  2. judson

    judson Power Member

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    I was thinking of the same thing for a different reason.

    If you are in the UK, there are a number of companies that specialise in company formations. I can't think of the name right now, and my google fu is a bit off, but there are a few in the UK that will do a US company formation, with bank accounts and address. The whole shebang.

    They are not overly cheap. Expect to pay about £200 or so, but they do deliver or you don't pay. Give that a go. YMMV.
     
  3. Celsius

    Celsius Registered Member

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    Wow, this sounds like a business op. Is there some law that says I you can't allow someone to use your account?
     
  4. bmac

    bmac BANNED BANNED Premium Member

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    There is a way to get around this that is legal but it cost about $1k. You can pm me if you are interested.
     
  5. snarky

    snarky Registered Member

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    Unfortunately, American authorities call that money laundering:(
     
  6. java

    java Guest

    Will they not accept certified copies of your ID?
     
  7. ianparks

    ianparks Newbie

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    Unfortunately I've already set up the LLC. These companies might just do the bank account part if I wave money at them. I'll have to google this as i have not come accross anyone offering this in th UK.


    I would prefer to be self sovereign and do it all above board and legal thanks.


    I thought opening bank accounts was meant to be free ?!?


    I have the option of notarizing documents which I will definately suggest but the problem is that they want you to be a US Citizen with a US address for the most part. One bank would allow me to open an account as long as I came into a branch with photo ID and filled out a W8 form, but I don't live in the US so can't do this. I will try this bank again and suggest the notarized ID approach. Thanks for this suggestion. I'll give it a try.
     
  8. bmac

    bmac BANNED BANNED Premium Member

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    What I meant was there is a service where they will set up your LLC, bank accounts, ect for $1k. It is not just for the checking account.
     
  9. theleadsource

    theleadsource BANNED BANNED

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    Ian - you can go to simon dot com and buy a gift card there using your CC. The gift card can be registered online to anyone with any address. I would bet you could go online, buy a gift card, register it to your US address and solve your problem.

    I do believe that they have a $500.00 limit though. I use them all the time for various things.
     
  10. kaizer

    kaizer Junior Member

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    I am use this site usunlocked.com,working great,only problem that card is Discovery,not viza.
     
  11. kaizer

    kaizer Junior Member

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    Opening a US Business Bank Account (for non-US peeps)
    ------------------------------------------------------
    Again, the Patriot act requires me to prove I live in the US. They want photo ID etc... They also want a physical address where they will be able to see that business is being conducted. Not a simple mail forwarding service.


    Is that mean that it's unpossible to open bank account for usa llc online,if the owner non usa resident?
     
  12. savvypro

    savvypro Regular Member

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    @bmac

    I'm in a similar position (same country, but no US company setup yet) - could you send me the info or tell me what to do.

    Thanks.
     
  13. nixnash

    nixnash Power Member

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    Guys it takes just $99 to form a LLC, Look out for Accountants in US , everthing including getting a EIN , could be done under $300-$400.

    opening a checkings account could be hectic , use a Po box address , but now a days bank actually come and verify , ask your accounting firm to do it for you.

    If you have any questions feel free to ask..
     
  14. thedmtic

    thedmtic BANNED BANNED

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    yes and this will cost you $1000 for usa bank account.