Are payment processors fine with EMI's? (foreign owned UK LTD)

[covid]

I'm a Canadian citizen/resident with a business registered in Canada and an RBC business account. The business will sell digital game items.

I'm getting nowhere with payment processors for this and all similar businesses seem to be registered in the UK so I am considering that.

My question is, will payment processors work with me if I have a UK LTD company and an EMI rather than a high-street bank account?

 

[Sols]

My question is, will payment processors work with me if I have a UK LTD company and an EMI rather than a high-street bank account?

Institution type discrimination does happen but it's very rare.

 

[covid]

Institution type discrimination does happen but it's very rare.

Sounds good, thank you again.

 

[covid]

Institution type discrimination does happen but it's very rare.

I have another question for you if you don't mind. Would most high-risk payment processors require a UK director and utility bills and all that?

 

[Sols]

I have another question for you if you don't mind. Would most high-risk payment processors require a UK director and utility bills and all that?

It varies a lot from processor to processor, and depends on where else the directors is. If you can find someone in UK, that's good. If not, your options may dwindle a little depending on how far removed they are.

 

[covid]

It varies a lot from processor to processor, and depends on where else the directors is. If you can find someone in UK, that's good. If not, your options may dwindle a little depending on how far removed they are.

Would it be easier or harder to get high-risk payment processing if I had a UK nominee director? (I don't know anyone in the UK so I'd need to use a service). I'm a Canadian, and not trying to remain anonymous or anything, just want to improve my chances of getting payment processing.

 

[mok]

The only payment processor I have found that has problems with EMIs is Mollie. Besides that, Stripe and the high-risk processors were ok for me with EMIs & non-UK directors.

The cost of opening a UK company is meager. You should try it out.

And just a heads up - the website that you apply to the payment processor with doesn't need to be the same as the one you process payments on

 

[covid]

The only payment processor I have found that has problems with EMIs is Mollie. Besides that, Stripe and the high-risk processors were ok for me with EMIs & non-UK directors.

The cost of opening a UK company is meager. You should try it out.

Awesome, thank you for the response!

And just a heads up - the website that you apply to the payment processor with doesn't need to be the same as the one you process payments on

Haha yes, it is a legal business though so I would rather go the legit way

 

[Sols]

Would it be easier or harder to get high-risk payment processing if I had a UK nominee director? (I don't know anyone in the UK so I'd need to use a service).

It can make it harder, if it's a commonly used nominee director and they've already ended up on blacklists with the card networks (Visa, Mastercard).

 

[covid]

It can make it harder, if it's a commonly used nominee director and they've already ended up on blacklists with the card networks (Visa, Mastercard).

Damn, good to know, thank you

 

[Kabapy]

Try cardinity .. it worked for me