Credit Card Processing for Belize IBC?

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sullyferdinand

Active Member
Yes, no issue with that
Bank will accept it

However in order to get the EIN you need to have a ''physical office''. Any CSP can help you with that for 250/500USD yearly
 

MarkRakins

New member
Yes, no issue with that
Bank will accept it

However in order to get the EIN you need to have a ''physical office''. Any CSP can help you with that for 250/500USD yearly
I can get you an EIN for 190 USD only having your certificate of formation. Physical office is not needed. Probably somebody is trying to sell you an additional service...
 

sullyferdinand

Active Member
I can get you an EIN for 190 USD only having your certificate of formation. Physical office is not needed. Probably somebody is trying to sell you an additional service...

What I said is that a CSP can assist with EIN (190USD is a great price btw) and the ''office'', then fix a meeting with the bank in US (or you can do it by yourself)
But EIN and ''office'' are a must for the bank (at least for wells fargo and citibank)

Bank will ask the company to have “physical” address in US, not VO or PO BOX
 

MarkRakins

New member
What I said is that a CSP can assist with EIN (190USD is a great price btw) and the ''office'', then fix a meeting with the bank in US (or you can do it by yourself)
But EIN and ''office'' are a must for the bank (at least for wells fargo and citibank)

Bank will ask the company to have “physical” address in US, not VO or PO BOX
Yes, pretty much, if you wanna get an account over there than you have to have a physical address that boils down to a co-working lease agreement at the very least. But EIN is not dependent on a physical address.
 

MarkRakins

New member
Not sure about that provider but any serious provider will be able to assist with 4 services (Company formation, EIN, physical office and bank account)

EIN is an additional service for US LLCs, not mandatory
Yeah, if somebody pushes EIN as part of a package - run away from them. If you have an SSN or any member of your team does, you can get the EIN online in 5 mins. It's just a bit harder and longer for non-residents and usually they need assistance with that.
 

James Spader

Forum Moderator
Staff member
Elite Member
Yeah, if somebody pushes EIN as part of a package - run away from them. If you have an SSN or any member of your team does, you can get the EIN online in 5 mins. It's just a bit harder and longer for non-residents and usually they need assistance with that.
As far as we learned the other day it is possible for foreigners to obtain an EIN - question is how it works in real life and if it is suffiecient for most payment services providers in the US!
 

MarkRakins

New member
As far as we learned the other day it is possible for foreigners to obtain an EIN - question is how it works in real life and if it is suffiecient for most payment services providers in the US!
EIN does not solve any problems by itself, it is just a requirement for any company to have one. Banks ask for it as part of onboarding process, just as they ask for a lease agreement now in most cases.
 

Someno

New member
Seems like a lot of confusion over US LLC and bank accounts (unless something has changed this year?).

Any US LLC including from DE can easily and legally open a matching business bank account for it. Beneficial owner being non-resident is not really an issue though SSN/ITIN can be useful. Getting an EIN as a foreigner is straight forward too though easier and near instant for anyone with SSN. The banks will need company info eg articles of formation, EIN, etc, filling out the required paperwork, KYC compliance ie beneficial owner documentation and ID. Mostly straight forward process with all the major banks but needs to be done in person and they will mostly no longer do it online or remotely (many years ago was possible). Some of the smaller banks -might- allow non-residents to open online and do things remotely (right person and connections etc). There is also the option of using a proxy or agent to try and do it for you or a US citizen resident included in the formation and signatory to the bank account process too.

If you are a premium private banking customer then typically even more options and easier exist for you.


That is all to do with banking and opening a business bank account.


Merchant processing is completely different and much more difficult....And for a non resident and not a US citizen with no SSN only EIN very very difficult as many not only use the SSN to validate your ID but also check your credit score/history and oblige personal liability on you, even though its for a company. Building credit on an ITIN -MAY- help over time and some may accept that together with your EIN instead of an SSN. This is also where real office and office lease documentation and so on is usually needed.
 

lory

Mentor Group Gold
Seems like a lot of confusion over US LLC and bank accounts (unless something has changed this year?).

Any US LLC including from DE can easily and legally open a matching business bank account for it. Beneficial owner being non-resident is not really an issue though SSN/ITIN can be useful. Getting an EIN as a foreigner is straight forward too though easier and near instant for anyone with SSN. The banks will need company info eg articles of formation, EIN, etc, filling out the required paperwork, KYC compliance ie beneficial owner documentation and ID. Mostly straight forward process with all the major banks but needs to be done in person and they will mostly no longer do it online or remotely (many years ago was possible). Some of the smaller banks -might- allow non-residents to open online and do things remotely (right person and connections etc). There is also the option of using a proxy or agent to try and do it for you or a US citizen resident included in the formation and signatory to the bank account process too.

If you are a premium private banking customer then typically even more options and easier exist for you.


That is all to do with banking and opening a business bank account.


Merchant processing is completely different and much more difficult....And for a non resident and not a US citizen with no SSN only EIN very very difficult as many not only use the SSN to validate your ID but also check your credit score/history and oblige personal liability on you, even though its for a company. Building credit on an ITIN -MAY- help over time and some may accept that together with your EIN instead of an SSN. This is also where real office and office lease documentation and so on is usually needed.
so while you have the receipt of it I would like to ask how would you sort it out with a Belize company?
 

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