Quote:
Originally posted by Petr
Chris, will all the non-US companies processing through Epoch have to form a US company?
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We will only process IN the USA for US corps. Other corps will be processed in other countries.
And a message to those that want to "run and hide": Remember a couple of things...
1. You are putting your entire business at risk if you try to circumvent the rules or be "cute" in how you follow the regs. Visa knows where every transaction is settled. Every bank, every descriptor. Those that tell you they don't are just plain wrong.
2. There are voices in Visa that do not want adult to be processed. Luckily, for all of us, Visa recognizes that THEIR cardholders want these services. So if some small aggregators run around the globe trying to hide and play with the rules, someone at Visa could speak up a bit louder and ask, "Is this business worth it?" We are 2% of their 2 Trillion business! They could shut this business down and never look back. Regulation is not always good, but in this case it proves that we are being taken seriously.
People: All we have to do is follow a few simple rules. And if you don't have $750 to play, get out of the game.
Chris
CEO EPOCH / Paycom