Recent content by riskprocessor

That’s really absurd how you have taken the entire discussion plainly out of track, lol! It would be appreciated if you can explain how talk conducted on forums can be too heavy for people to understand or relate to. And how having SSL slowing down hacking activities can be an always-applicable...

I have been using PayPal for so many years now, but I don’t think their fees are too high. In fact, when you compare their prices to those of other companies, you’ll find out that you’re getting the best possible level of services for what you’re paying. While you may find a couple of equally...

Oh, I didn’t know one can open up a 2co account with the Cyprus bank account, as well as get a payoneer card for fun transfer. I agree that this can make it easier to manage both the company operations and banking. I think the criteria for opening a PayPal account with a Cyprus bank account...

No, it’s not a separate offshore bank, but branch of a foreign bank that’s situated in an offshore financial center. This unit is not allowed to accept any deposit from local residents. It can, however, take deposits from foreign banks as well as other offshore banking units. OBU’s have little...

Yes it’s still alive. However, there are countless scams associated with it, which I believe is a good reason for it to die out. When you read online reviews about ctopay, you are strictly warned not to give it business in any way. Most of them highlight the fact that the ctopay website has a...

It’s great that you want to have a new, better high risk merchant account. There is nothing very complicated about choosing high risk merchant accounts; just keep in mind that an inexperienced company can do nothing more than wasting your time. So, it is highly important that you find a...

Normally the liquidation of offshore bank accounts takes a couple of days to about a week. In some cases, it may even take 2 to 3 weeks. So, there is nothing that much to worry about it even if it takes a bit too longer.

I agree that the right way is to withdraw money using your credit card. All you need to do after every transaction is make an invoice and mention the total amount spent on it. This is a safe, hassle-free and less time consuming process.

Thankfully, there are so many there! One of the best examples is Prineta. The best thing about this service provider is that it doesn’t hesitate to support high risk merchants. Compare this to highly rigid criteria that PayPal maintains for the same. In addition to this, Prineta also provides...

Sorry, I don’t have much idea about it. And a little that I know about channelization of funds through an offshore company won’t be of any help. Let me consult someone experienced and get back to you.

This thread was very very helpful to me since I was looking for a directory for offshore accounts. But it got a little confusing after some time. Can somebody also tell me about some good merchant account providers who can help me get approval from a good offshore account, for my adult store?

Firstly, an offshore account is a much better option for businesses that never get approval from domestic banks. And no they don’t come without any taxes at all. But their tax structure is peanuts when compared to us. I think it’s fair enough considering the other features they offer.

I am glad to see that I am not riding this boat alone. So many of us, who want to make an honest living in tobacco, never get approval for a merchant account. I have tried at several places, but to no avail. And yes the fear of a chargeback is always on the head. I suggest we should look for...

I have been following this thread carefully and I must say that I liked what I read about offshore accounts. In other words if I don’t get approval say for a beer store, since I am a start up business, I should seek help from off shore corporations., like the ones mentioned here.

Well, that totally depends upon what level of privacy you are looking for. If you don’t want just anybody to be able to access your personal information, consider starting a Cyprus company. This will also help you save on taxes.