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Starting an online business... How to accept payments?

Discussion in 'Business & Tax Advice' started by ForTheWin123, Apr 8, 2013.

  1. ForTheWin123

    ForTheWin123 Regular Member

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    So I'm starting an online store, selling digital goods. The problem is, I live in a country that is not supported by PayPal, and right now creating a legit company is out of the question for me. So, what kind of payment processing method(merchant account) would you recommend? I was thinking about 2checkout, but they seem to require you to submit legal documents about your company, which I don't actually have. And again, I could probably process the first few hundred bucks through PayPal, but then I would just get suspended and would need to search for another solution. Any ideas? Also, it would be best for me if the merchant service could pay me through my Payoneer MasterCard, and I would prefer the application fee to be $10-20, as I'm on a pretty limited budget. Thanks in advance.
     
  2. 2011nfl

    2011nfl Supreme Member

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    Cash only..... If they can't pay cash then don't accept it :D
     
  3. GiorgioB

    GiorgioB Supreme Member

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    Check, bank transfer, western union? all those just scream scam in most countries but maybe on your side it could be OK
     
  4. Furious George

    Furious George Supreme Member Premium Member

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    If paypal thinks you're in a country that they support, that's all you need.

    If you only accept payment methods like a bank wire, western union, your sales will suffer a great deal.

    What country?
     
  5. infested27

    infested27 Registered Member

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    Serious question since i have similar problems: how are going to avoid the irs (tax collectors) of your country when they will ask you how do you sell items online without starting a legit company first? If you don't mind me asking where do you live?
     
  6. nikiobicata

    nikiobicata Regular Member

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    You can try wepay
     
  7. BreakAllTheClocks

    BreakAllTheClocks Regular Member

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    2CO
    Alert Pay (Payza)
    Avangate
    BlueSnap (Plimus)
    CCNow
    Fastspring
    Gate2Shop
    Google Checkout
    Kagi
    Moneybookers (Skrill)
    Payoneer
    Paypal
    Payproglobal
    Sagepay
    Stripe

    That's the majority of credit aggregators. Better option would be to go to a local bank and open a real merchant account.
     
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  8. GiorgioB

    GiorgioB Supreme Member

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    All of these require you to provide legal entity proof after a first couple of hundred bucks, if not even when registering an account..
     
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  9. ForTheWin123

    ForTheWin123 Regular Member

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    Lets just say that I live in the Balkans. I can report taxes even without having registered a company, I'll just have to mark them as "profits from outside of Mycountry". Also, are you SURE that all of these merchant services ask for legal proof? I don't know about Payoneer...
     
  10. GiorgioB

    GiorgioB Supreme Member

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    probably like paypal, you can register an account without the docs, but once you start raking in a few thousands, believe me, they are very strict on money laundering and will be asking questions.

    I know for sure the following will require company docs (almost sure when you sign up):
    - Moneybookers
    - Sagepay
    - 2CO
    - Ggl Checkout


    Even moneybookers, those bastards, froze my account with a nice lump of cash in there just because I (company director) wasn't living in the country where my company is registered.
     
  11. prabhavikki

    prabhavikki Junior Member

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    Paypal is all you need... fast and secure..
     
  12. amin-jkr

    amin-jkr Junior Member

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    search a little...I'm sure there is some middle companies (even in your country) who can provide you some decent paypal acc and other things you need
     
  13. TheMoneyWizard

    TheMoneyWizard Elite Member

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    PayPal should be the main payment method to aim for!
     
  14. ibmjango

    ibmjango Jr. VIP Jr. VIP

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    check if ccavenue is available in your country.
     
  15. 10zen

    10zen Regular Member

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    For digital goods store I think paypal should be the main payment option.
    If you earn good sum of money then I think you can easily have legal docs.

    I use VCC verified PP account and planning to use virtual office and have registered
    business name from site like this:
    Code:
    www.smartvirtualoffice.com.sg/
    Worth a shot.
     
  16. Adaro

    Adaro Newbie

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    Try searching on Google.
     
  17. ForTheWin123

    ForTheWin123 Regular Member

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    Hm, seems interesting. I'll just use an unverified account until I make a few hundred bucks and will then try this.
     
  18. imperial444

    imperial444 Elite Member

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    One word. 2Checkout. and you will be able to proceed Paypal + Credit cards. I am working with them, they are such a nice company
     
  19. infested27

    infested27 Registered Member

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    If this is the case you can also try using bitcoins as an alternative payment method.
     
  20. krishparmar83

    krishparmar83 Regular Member

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    I use 2checkout for international transaction and ccavenue for Indian money.