Merchant account for a Swiss Holding Company.

[Mulan]

Hi fellow OCT members!

I am looking to open a merchant account for a Swiss Holding Company.

The swiss entity is 100% Holder of a licensed securities broker from Vanuatu and with insurance cover up to $500k to guarantee clients funds covered by Lloyd's Bank In London.

The Swiss entity will facilitate payment services to its subsidiaries " the licensed broker" so it receives/ sends payments on its behalf.

Our goal is to get a merchant account to the securities broker. By using the Swiss company it could be easier?

If so, which providers would considering opening such a merchant account?

Thanks for all members in advance!

 

[Martin Everson]

Our goal is to get a merchant account to the securities broker. By using the Swiss company it could be easier?

If so, which providers would considering opening such a merchant account?

You need a merchant that works with the underlying trading platforms industry.

Give Rapyd a try. You could use the Swiss company as they don't support Vanuatu.. Speak to them beforehand however.

Payments and Fintech Solutions for Online Trading Platforms

Reach more investors and drive loyalty and adoption with solutions to accept payments and send payouts using bank transfers and local payment methods.

www.rapyd.net

 

[Mulan]

You need a merchant that works with the underlying trading platforms industry.

Give Rapyd a try. You could use the Swiss company as they don't support Vanuatu.. Speak to them beforehand however.

Payments and Fintech Solutions for Online Trading Platforms

Reach more investors and drive loyalty and adoption with solutions to accept payments and send payouts using bank transfers and local payment methods.

www.rapyd.net

Thanks Martin, really helpful as I had no ideas at all.

 

[JustAnotherNomad]

The Swiss entity will facilitate payment services to its subsidiaries " the licensed broker" so it receives/ sends payments on its behalf.

I believe many payment processors will view such a model as high risk.

 

[Sols]

The swiss entity is 100% Holder of a licensed securities broker from Vanuatu and with insurance cover up to $500k to guarantee clients funds covered by Lloyd's Bank In London.

Do you mean Lloyd's of London?

If it's the bank Lloyds, try getting payment processing via them. They have a great platform for it.

The Swiss entity will facilitate payment services to its subsidiaries " the licensed broker" so it receives/ sends payments on its behalf.

That's not what a holding company normally does. It's more common to have a subsidiary or group entity which acts as a payment processing agent.

Our goal is to get a merchant account to the securities broker. By using the Swiss company it could be easier?

It makes no difference. You will be judged on the basis of the weakest link in the chain, which is the Vanuatu entity.

If so, which providers would considering opening such a merchant account?

Where are your customers? Do you have legal opinions from law firms in each of those countries confirming a Vanuatu license is accepted locally there?

 

[EliasIT]

That's not what a holding company normally does. It's more common to have a subsidiary or group entity which acts as a payment processing agent.

exactly, you may put a company under your holding company which apply for the merchant account.