Quote:
Originally Posted by AdultEUhost
so if Paxum is indeed under Canadian law and everything, then why would you use a bank in Romania, what is the logic behind that? Why not using a Canadian bank and keep everything under 1 jurisdiction?
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Why not using a Canadian bank? Because they are not open minded for such business! I know lot of people into the check cashing business and to open up their bank account now you need to find some small credit union in Ontario or Alberta that just open up etc... you jsut cant walk in one of the major 8 banks and say you want do such business so imagine if you want open up a setup to issue mastercard to people in all the world, mostly working into porn (you gotta say it otherwise they would find it anyway), people will be able to transfert money between them etc etc etc.... FORGET IT just FORGET IT!
So what do you prefer? Deal with a canadian company that deal into Belize OR they could hide behind a Belize inc also and THAT WOULD LOOK SHADDY.
P.S. For all thoses canadians that gonna tell me that Moneymart (instacheque in Qc) deal with RBC and not a small credit union: Of course because one of the owner is a ex-VP of RBC...