Merchant account for HK company

[stoddart]

Hello,

i search a payment processor for HK company with New Zealand bank but i find nothing.

i have try Skill, Paysera, CCBill and all standard (Stripe , Paypal, etc) don't accept for Visa/mastercard.


Anyone know a payment processor for HK compaany?

thank.

 

[negon]

You need to find some of these Chinese payment processors in order to get some cc processing for your business.

It's the most stupid thing to incorporate a business in HK after all and if you are into some Internet business, just my 2cents

 

[stoddart]

I don't understand last line ? Do you know better solution for offshore ?

I can open a bank account in HK with CITIC and have Stripe etc but i don't like their conditions.

 

[JohnLocke]

It's the most stupid thing to incorporate a business in HK after all and if you are into some Internet business, just my 2cents

Please elaborate? I don't understand this too! Why should it be stupid to incorporate your business in HK? If you are doing business in China I don't see what's wrong doing so?!

If stripe.com supports HK corps. I would recommend using them. What is it you don't like?

I can open a bank account in HK with CITIC and have Stripe etc but i don't like their conditions.

 

[stoddart]

Stripe accept HK corp but the bank account it's to be in HK too and it's very compliacted to open bank account in HK.

 

[negon]

So why you don't simply register a offshore company in some jurisdiction supported by Stripe and open an account there too. Say you find out that Stripe accept Belize corps I would register a Belize company and even open an account in Belize so apply for an stripe account, done deal.

I know for sure it's possible with a Cyprus company, as usually.

 

[stoddart]

Stripe with Belize company ?? i don't see this country in Stripe.

Cyprus or european company it's VAT, not offshore then.

 

[dotbloup]

In order to second Auric, HK means flying to Hong Kong (from US or Europe or Australia it is always far away) to open a bank account at HSBC and similar companies.

@stoddart
I think there is another option with Skrill. You can use a virtual credit card.
1. You create an account at http://entropay.com with a HK address
2. You load your account with your credit card from NZ (Breder Suasso i guess)
3. You can withdraw money to your entropay virtucal credit card and then to your NZ bank.

Let me know if it works.

In stripe when you want to add a bank account what can you see? you don't see a long list of all countries?
Usually we can add any bank accounts from any countries in Stripe. Does it mean the Stripe account in HK is limited?

Thank you.

 

[stoddart]

For entropay it's not my need, i need a payment processof, not virtual card, i can do it with paysera.
With stripe, the bank account must be in the company country (same of paypal). You can't add bank account in another country of your stripe's account.
Stripe confirm me that by email today.

 

[dotbloup]

I was confused, i was talking about Skrill which is also a payment processor that usualy accept mastercard / visa & paysafecard.
Then with Skrill you can withdraw to bank account from another country or credit card
https://help.skrill.com/en/Article/...w-can-i-withdraw-funds-from-my-skrill-account

 

[stoddart]

I was try but Skrill don't accept Visa/mastercard if the company is in Hong-Kong: i can't propose to pay by visa/mastercard for my customers with Skrill.

Then it's same of Paysera if the company it's outside of Europe they don't propose visa/mastercard for the merchant account.

 

[JohnLocke]

Cyprus or european company it's VAT, not offshore then.

Official yes you need to charge VAT, but if you register the company offshore you can't register the company for VAT so no one will ever be asking you to register it for VAT. Regardless if the company registered normally or offshore no one will care anyway.

 

[stoddart]

I see, it's difficult to open a bank account in Cyprus ? Need to deplace of big deposit?

 

[dotbloup]

I see, it's difficult to open a bank account in Cyprus ? Need to deplace of big deposit?

Stoddart, in fact as soon as you start to sell online services to a european country you have to register for VAT even if you are not in an non european country.

Let me give an example. You sell 150,000 euros of online goods to French customers. Normally your HK company has to register for VAT MOSS somewhere in a EU country and you have to collect the french VAT, if you sell more than 35,000 euros of digital goods to French customers every year.

France lowers distance selling VAT threshold to €35,000 - Avalara VATLive



If you don't do it, and if the French government sees it is too much, they will ask the HK government to provide information about you because France has an agreement with HK and HK has to provide all the information from Taxpayers requested by France.

In HK you will NOT be safe. Everybody can get you.

 

[stoddart]

I know that but there are some solution (as open HK company by another company).

If the company is in good place (with anonym secure), there are no possibility to have a merchant account.

There are no perfect solution.

 

[andreas]

I see, it's difficult to open a bank account in Cyprus ? Need to deplace of big deposit?

Big deposit of EUR 50 if you can't afford it you don't need to look anywhere for an bank account?!

 

[andreas]

There are no perfect solution.

Depends on what you are looking for. It seems you are going af HK specific?!

 

[negon]

The banks in Cyprus don't require any deposit but only that you pay for the initial package that includes PIN, Token device etc.