Recent content by GAC Limited

Just try to make sure when using a broker service you get full disclosure up front so you are not caught by surprise with the fine print

So will google.

Merchant broker does not control or have any input of settlements to merchants. They are the “hunters” sales agents of the processing entity or the reseller of a reseller.

We have partnered with an EMI out of the UK who accepted my HK company with no issues. I also opened up another UK company, owned by my HK company to take advantage of the tax free issues regarding both countries.

That information is NOT remotely correct when it comes to replica or pharmacy. The issue with replica is the merchant does not have reseller agreements in place with the actual manufacturer. Hence 99% of the processing banks consider it fraud and don't want to take the risk. Same with pharmacy...

Statrys provides one heck of a long account opening process. Very difficult and repetitive. Cancelled our application after 4 weeks of back and forth and multiple zoom calls. Ironically, they said here was never anything wrong it was just there process. Can't imagine what it would be like trying...

Neat is absolutely HORRIBLE!! I used them for my company. First, they limit the amount of money you can receive and keep on account monthly. You will have to provide more documents than when applying for a mortgage when you receive and send funds. Real life example, I tried to send funds from my...

@fshore, You should understand the USA tax code and what the OP is saying before commenting. If he enters into a business agreement using his USA registered LLC and if said LLC was set up using the SSN, he 100% is required to report the revenue generated and obligated to pay taxes. Because he...

I was referring to the visa/right to work. I see how that wasn't clear. The rest of the post is true.

@fshore, the first accountant was correct. If you are using the SSN you are obligated to pay taxes under that SSN for income generated in the USA. If it is expired, then using it is illegal by US law (technically because it is expired). Regarding your merchant account, if you are using that SSN...

Don't get mad at me or throw insults my way. YOU, Sir, posted on a public forum and asked for opinions. I gave mine so that is that. If this is the attitude you took with Monese, then I can see where the problem lies. Proper decorum and professionalism goes a long way in life and business. Free...

Totally 100% agree with you. Again, I was just playing devil's advocate as we will never know all the facts from his side. I just wonder if people (in general) realize what an EMI actually is and how they operate. I guess that is a post and question for another day! LOL. The one thing I will...

@Granwasa, you are correct with your information and very helpful. FYI, eMerchantPay is very limited in the high risk merchant categories but a very solid company and excellent customer service for their merchants. Disclaimer, I am a little biased as I was hired some ago as a consultant on one...

Hello Phil, You make some good points but let's play devil's advocate for a moment. But, first my disclaimer, I don't nor have I ever used Monese, I was interested in the subject posted. In regards to Monese, from what I have seen on the internet, it is pushing the international angle and not...