Quote:
Originally posted by jact
You need even more of a presence because not only do you have to meet Visa USA requirements you also have to meet the requirements of the aquiring bank.
Confusing doesn't even start to cover it. And of course Mitch stopped responding to me when I started to ask the questions that had to be asked. He hasn't gotten back to me yet. It's been months.
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Jact,
When have I not responded? I may not see all posts because I am not on here all of the time. However, I will be happy to tell you what I know. I am not a merchant account expert although I am an expert on processing itself. The trouble is that each bank and region has their own rules and they do change often. I will be happy to speak with you on the phone, via, ICQ, or email.
Contact me however you wish. My middle name is "customer service".
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As a summary at this time for Canadian adult who want to use Netbilling....
You must setup a EU corp, have a signer and get a EU merchant account. The bank will only take the account if you are currently processing over 50k per month and can back that up with statements from your current processor.
The US banks will not give you a US merchant account with just a US corp and bank account. Someone must have a US address and Social security # because of cross border regulations.
I will be back on late tonight so please post any questions or contat me direclty off the board.
Thanks, Mitch