This question *must only* be answered by someone who already have good
knowledge about merchant accounts - and preferably offshore merchant
accounts - since the answer will otherwise not be satisfactory.
I only want answers that can be used so I will actually be bale to get
such merchant account - so, I am not satisfied just knowing that bank
XYZ offers offshore merchatn accounts - Your answer *must* be usable
to get a merchant account for our profile and with the terms mentioned
below in order for your answer to get approved by us.
This is what I want:
I am looking for to get an offshore internet merchant account for
credit card processing (minimum VISA/mastercard msut be possible to
proces) that fits our special profile.
I am *not* interested in:
- 3rd party processors
- or using someone else's "gateway"
- or offers from middlemen companies
.....What we want is simply our own merchant account.
Possible countries (but not limited to) could be:
India
Bermuda
Bahamas
Jamaica
Belize
Costa Rica
Panama
Cayman Islands
Antilles/Netherlands
Countries within EU
Possible banks could be (but not limite to):
Barclay's
citibank
Icici
bank of bermuda
Kindly pay special attention to WHAT we are selling and to WHERE we
are selling it to.
We only wish to deal with banks that have been in existence for a
minimum of 10 years. We would prefer to deal with large banks (banks
that have branches in at least 5 countries or who have at least 50
branches total).
The text below is taken from our applciation letter:
We would like to apply for an internet merchant account from a
offshore bank in order to process credit card orders received from the
internet from our website.
The merchant account must be regulated under Visa International (and not Visa USA).
We sell prescription medicine that we export from India, Mumbai to
United Kingdom consumers. Our expected monthly volume is 20.000 USD,
average ticket is 250 USD and all orders are shipped thru registered
airmail within 2 days.
Expected chargebacks are less than 0.8% and possibly less.
Orders are charged only when shipped.
Orders will be taken with Verisign's gateway product called "payflow
link" (www.verisign.com) which encrypts all data sent.
We have a United Kingdom limited company and can supply all
documentation needed included a recent "letter of good standing" and
bank reference from Citibank as well as a business plan.
If needed, then the first month's processing (or similar) could be
"held" as a security reserve and thereafter a rollover of 10-20% of
our processing volume. We are looking for a bank to do long-term
business with.
We have processed a few weeks thru www.GBSGateway.com but their
company has had problems processing due to technical difficulties. |
Request for Question Clarification by
nancylynn-ga
on
02 Jun 2004 17:16 PDT
Hi johnterryjr-ga:
I'm a little confused by:
"I am *not* interested in:
- 3rd party processors
- or using someone else's "gateway"
Even some of the banks you mentioned, like Citibank, use a "commerce
service provider," which it the "company that will technically
integrate your website to the Citibank Payment Gateway":
http://www.citibank.com/pakistan/consumer/products/emerch/csp.htm
Please let me know if that is acceptable. I can find a few more banks
that provide Internet Merchant Accounts similar to Citibank Pakistan.
Best Regards,
nancylynn-ga
Google Answers Researcher
|
Clarification of Question by
johnterryjr-ga
on
02 Jun 2004 19:08 PDT
OK - I can use someone else's gateway as long as in the end have my
own merchant account with the acquiring bank (such as cititbank).
Yes, please find 2-4 more alternative banks.
|
Clarification of Question by
johnterryjr-ga
on
02 Jun 2004 19:10 PDT
That is okay by me as long as I have my own merchatn accoutn with the
acquiring bank.
Please find another 2-4 more alternative banks.
|
Request for Question Clarification by
nancylynn-ga
on
04 Jun 2004 18:48 PDT
Hi John:
I'm just letting you know that I found a few promising leads for you
over the past few days.
I'm now just waiting to hear back from some of these banks regarding
some details, such as chargebacks.
I hope to post my answer early next week.
Best Regards,
nancylynn-ga
Google Answers Researcer
|
Clarification of Question by
johnterryjr-ga
on
05 Jun 2004 14:55 PDT
Hi Nancy
Thank you for your reply.
I am not sure what your clarifying question is/was so please re-post
your question in case my answer is not what you were looking for.
1.1) Citibank in Pakistan would be appropriate for me - but I need to
be certain that they will accept my type of business as described
earlier in this bid. Have you approached citibank with our profile and
got a confirmation that this type of business is acceptabel to them?
If not, then kindly do this. Also, they must allow us to proces using
verisign or their gateway must be compatible with verisign.
1.2) the 2 comapnies you mentioned in your email are merely (the way I
seee it) 2 comapnies that help with the "technical integration" with
citibanks own gateway.
I am a litle surprised that citiabnk actually seem to have their
own gateway (at least in pakistan) because usually banks only provide
a merchant account - and nothing else).
1.3) Since we prefer to use verisign (as written in the question) to
proces orders then I suggest that you go looking for a few more banks
such as in:
- bermuda
- caribbean
- panama
- Cayman Islands
barclays bank and citibank may be good options to start with.
2.1) I have another bid which is finding the contact information for
the 14 banks that a company called "Caribbean Credit Card Corporation"
usually work with. "Caribbean credit card corporation" operate their
own gateway that merchants have to use - but they require that the
merchatn get their own merchant account with one of the 14 banks that
they work with.
getting the address and other contact info (fax and phone) for
these 14 banks would give you the money for that question also ( I
assume it is not being asnwered right now).
I am pretty sure that one of those 14 banks will be able to help us.
Kindly contact me if you need further clarification.
John Terry
|
Clarification of Question by
johnterryjr-ga
on
05 Jun 2004 14:59 PDT
Hi Nancy,
I jsut saw your updated post about you finding alernative banks also.
One small thing - I would like to give you my yahoo and MSN messenger
ID so we can better clarify any outstanding clarifications.
Kindly let me know if this is possible for me to give you my
contact info (acording to Googles terms) - if so then i will let you
know asap.
|
Clarification of Question by
johnterryjr-ga
on
05 Jun 2004 15:02 PDT
there is a bank directory called www.aaadir.com - it has info about
many banks worldwide. the opnly downside is that most of the contact
details for teh banks (fax, email, phone and even website addresses)
are outdated - but it may at least provide you with a lead of the name
of the larger banks in soem countries - though - I do find it to be
quite lacking at least for Panama where ti only list 5 banks or so -
and I have read that more than 100 banks operate in Panama - so maybe
this is not such a great directory after all. Anyway, maybe countries
like Sri Lanka is a good option also?
|
Request for Question Clarification by
nancylynn-ga
on
05 Jun 2004 15:17 PDT
Hello John:
I posted my clarification question to you here on June 2nd, here in
this thread. (I didn't e-mail you!)
I see you posted, while I was writing this. NO, you may not post your
e-mail address or IM! That's a violation of Google Answers' rules!
Yes, I am trying to make sure the banks I've found that appear to
match your criteria actually do. Toward that end, I have sent each of
those banks an e-mail asking about: Verisign; the account must be
regulated under Visa International (and not Visa USA); chargebacks are
0.8% or less; orders are charged only when shipped, and does your bank
branches in at least five countries?
One of the e-mails I sent was to Bank of Bermuda. I haven't had any
luck with banks in Panama; I found a Caribbean bank that meets all of
your needs, but one: it only has branches in the Caribbean.
I have found some USA banks, for instance:
Chase Bank's Merchant Services (a Verisign partner):
http://www.chase.com/cm/cs?pagename=Chase/Href&urlname=chase/sb/merchantservices
Wells Fargo:
http://www.wellsfargosecure.com
Bank of America:
http://www.bankofamerica.com/merchantservices/index.cfm?template=merch_online_ov.cfm
But they're not really offshore, which is what you want. It's very
difficult finding banks that meet everything on your list!
Another lead that doesn't quite fit your parameters: I found a bank in
Montenegro that meets your needs, but it's only been in existence for
four years, so it doesn't meet your criteria.
Since your criteria is very stringent, I have only found about 8 good
prospects for you, at this point.
All we can do is wait for the banks I've e-mailed to respond.
Best regards,
nancylynn-ga
|
Request for Question Clarification by
nancylynn-ga
on
05 Jun 2004 15:20 PDT
Thank you for the www.aaadir.com directory. I can try e-mailing some
of the banks listed there, and searching for their Web sites so I can
get a better idea of what they offer, and if what they offer meets
your needs.
I'm afraid I can't call or fax any bank that doesn't have a toll-free
number. (I'm not reimbursed for phone and fax charges.) So, it's a
matter of waiting for banks to reply to my e-mails.
|
Clarification of Question by
johnterryjr-ga
on
05 Jun 2004 16:09 PDT
Hi Nancy
Just got an email from google asking me to clarify a question further.
I am not ssure if that email from google is simply a little "late" but
if not then kindly let me know and I will be happy to clarify in any
way I can.
Thanks,
johnterryjr
|
Clarification of Question by
johnterryjr-ga
on
05 Jun 2004 16:12 PDT
Ah, now I saw your question... :-)
Okay, I understand what you are saying.
Ok - if you feel that emails odesnt work then I do have a an internet
fax account i could give you the userid and password for so you could
fax the banks using my account instead of emailing them.
Let me know if this would be of significant help for you, Nancy.
I use a intenrnet fax service from www.anyfax2anywhere.com
|
Clarification of Question by
johnterryjr-ga
on
05 Jun 2004 16:31 PDT
Hi Nancy,
1) It is not important if the bank has branches in at elast 5
countries or have 50 branches - but it is important that it has been
in existence for at least 5 years.
2) It is also important that they permit my business to be exporting
prescription medicine from India to American and UK customers.
3) I can not use anybank within the USA since they are regualted under
VISA USA (and not VISA International).
4) So, based on my clarification on #1 9that the bank only need to
haev been in existence for 5 years then you probably should approach
some of the banks again.
One bank you may have luck with in Bermuda is "bank of Butterfield".
5) If you can give me contact details for this company "Caribbean
Credit Card Corporation" then I will give you 25 USD. I will post this
question within the next 4 minutes so just go ahead and find this for
me.
|
Clarification of Question by
johnterryjr-ga
on
05 Jun 2004 16:35 PDT
the question "contact details for this offshore processor "Caribbean
Credit Card Corporation" has been postd now, Nancy.
|
Request for Question Clarification by
nancylynn-ga
on
05 Jun 2004 19:44 PDT
I understand now: yes, there must have been a delay with Google
Answer's e-mail notification to you. (Those delays happen sometimes,
and it is confusing.)
No, I can't use your Internet fax account because you can't post your
password, etc., here.
I will look for your new question and work on it tomorrow or Monday, thanks.
As for the banks I've contacted re: this matter, again, all I can do
is wait to hear back from them. Some of them appear to be perfect
matches, but didn't give details re: chargebacks, other than to say
they try to keep them at a minimum.
I'll look up Bank of Butterfield. Thank you also for the important
clarification regarding years in existence and number of branches.
That should speed things up considerably.
In fact, the two main things I've had to e-mail banks about are 1):
what exactly are chargeback rates, and 2): in how many countries do
you have branches? (Forgive the grammar.) I believe I can recommend
some banks to you just based on what I've read in their statements at
their Web sites.
The nature of your business doesn't appear to be of any real concern
to the banks that offer merchant accounts. What they care about is
documentation on your company (which you have), and a letter verifying
your good standing, which you already have from Citibank.
I hope to post an answer Monday.
Thanks again,
nancylynn-ga
|
Clarification of Question by
johnterryjr-ga
on
06 Jun 2004 00:54 PDT
even the bank in montenegro could be somewhat interesting IF it
accepts my nature of business (selling medicine from india to us and
uk customers) - many banks do NOT accept this kind of business due to
"americanization" of the world.
|
Clarification of Question by
johnterryjr-ga
on
06 Jun 2004 01:12 PDT
Hi Nancy
thanks for your clarification.
Here is some more clarification that is quite important.
1) Most banks prefer merchants (people like me) with a low
chargeback rate. I believe it can be kept at about 0.8% - but in case
of ANY customer complaint then we will promptly refund the entire
money back. This will not be our "official" policy - but it will be
our "unpfficial" policy.
Any merchant would agree that the tiemconsuming factor and the
problems asssociated with a chargeback is usually far worse than just
"giving up" the money.
2) We will only ship orders to the address that is the billing address
of the credit card. This step greatly reduces the risk of fraud.
3) In case that the bank's merchant account is compatible with either
of these systems below - then we can use Verisign's "fraud scrubbing
services" that will furhter reduce the risk of fraud. below are the
compatible banks with verisign (many banks ultimately "proces" thru
one one of the se majo banks - but not all of course). Here they are
(more info can be found at www.verisign.com searching for "apyflow
link" if needed):
Compatible processors with VeriSign Payflow services
Answer:
To be able to process credit cards with VeriSign, your merchant bank
must be using one of the compatible processors. Contact your merchant
bank to verify the processing platform that your merchant account is
set up to use.
See the following solutions for information needed from your Merchant
Bank to be able to setup the processor with VeriSign:
Processor Solution
American Express
EDS Aurora
FDMS Nashville
FDMS South
Global Payments East
MAPP (Global Payments Central)*
NOVA
Paymentech
Vital/VisaNet
Wells Fargo
4) Kindly re-check my other pending questions, nancy, if you are not too tired :-)
5) Checking out Barclay's bank, HSBC bank and citibank's "offshore" branches at:
- cayman islands
- guernsey
- jersey
- bermuda
- bahamas
- caribbean
- St. Kitts and Nevis
..... may be a very good idea also... :-)
6) I had some initial good repsonse from bank of butterfield in
bermuda but somehow they did not get back to me
7) "caribbean credit card corporation" - and the 14 banks they work
with seem to be a good option also - I am in contact with one of them
- but lack the other 13 of them (this is a pending question for 70
USD)
|
Clarification of Question by
johnterryjr-ga
on
06 Jun 2004 01:17 PDT
please understand that it is *not* at requirement that the bank is in
anyway compatible with versign or any of their compatible banks - it
is simply an option. For instance, "caribbean credit card corporation"
use their *own* gateway which in no ways is compatible with verisign
or their banks - and still I can live with that since their 14 partner
banks are offshore and may be willing to work with me (maybe - who
knows...).
So, the reason why I am interested in getting as many options/contacts
as possible is simply because I want to have an immediate alternative
ready in case one bank suddenly changes policy overnight (it happened
a few months ago and cost me a lot of money that I will never get back
again).
|
Request for Question Clarification by
nancylynn-ga
on
06 Jun 2004 08:53 PDT
Thank you for the additional clafifications.
I have already received a negative response from HSBC. I am waiting to
hear back from several other banks I contacted a few days ago,
including Barclays (which looks promising), and Bank of Bermuda, which
offers a program called Global Connect.
I will look for some more banks and contact them. I will also look at
your other questions; please realize I am also assisting some other
Google Answers clients with their projects, so I'll get to your other
questions as soon as I can. Of course, some of my colleagues may
endeavor to answer other questions you've posted.
Thank you.
nancylynn-ga
|
Clarification of Question by
johnterryjr-ga
on
06 Jun 2004 11:16 PDT
Hi Nancy
I would be surprised if if bank of bermuda would issue a merchant
account since i have been speaking with Dave Thomas from Bank of
Bermuda last week and he told me that they no longer issue "merchant
accounts for internet credit card processing".
You see, banks (also) distinguish between "internet merchant
accounts" (where the credit card is not present) and "retail merchant
accounts" (where the credit card is present).
IMPORTANT:
XXXXX So, this is *very* important that the bank understands that we
are talking about an *internet* merchant account (and not a
"retail/off-line" merchant account) - besides that the bank must fully
understand that we are selling, where we are selling it from and where
we are sending it to. XXXXX
|
Request for Question Clarification by
nancylynn-ga
on
06 Jun 2004 14:51 PDT
Hi:
I've just now had a chance to really re-read your clarifications &
absorb them. (I've been juggling several research assignments over the
weekend, so my thoughts have been scattered!) Actually some of this is
closer to *revised* criteria then clarification, but that's OK, as it
gives me much broader parameters for searching.
It took me about 10 hours to find 8 good candidates under the first
set of criteria/ first round of searching, and I e-mailed those banks
on June 2nd and June 3rd. I will have to e-mail those banks back with
different questions, and most still haven't responded to my first
e-mail. So, this could be slow-going.
As to criteria:
I. I have been asking about Verisign compatibility.
2. They have to have been existence for at least 5 years. (Not 10
years or 50 branches; no worries -- I can usually find that info at
the bank's site, anyway. The change in that criterion is key, btw,
because it compelled me to rule out a lot of banks I can now rule in
as possibilities.)
2) It is also important that they permit my business to be exporting
prescription medicine from India to American and UK customers.
OK, I will be very explicit about that when I send out new e-mails and
when I re-contact banks I've already e-mailed.
"Most banks prefer merchants (people like me) with a low
chargeback rate. I believe it can be kept at about 0.8% - but in case
of ANY customer complaint then we will promptly refund the entire
money back. This will not be our "official" policy - but it will be
our "unofficial" policy.
Any merchant would agree that the time consuming factor and the
problems associated with a chargeback is usually far worse than just
"giving up" the money.
We will only ship orders to the address that is the billing.
*very* important that the bank understands that we
are talking about an *internet* merchant account (and not a
"retail/off-line" merchant account"
OK, I'll be sure to include the above, along with my description of
what your company exports, etc.
3) VISA International. OK, I had already asked banks about that.
Also, at some banks' sites it's made clear that it's VISA
International.
All right, I'm going to start Round 2 of my search and I'll e-mail
banks that look most promising. I keep forgetting I'm in a different
hemisphere -- that also adds to the delay in exchanging e-mails, along
with the fact that these places get so many e-mails.
So, it will likely be a few days before I hear back & can clear up any
remaining questions, etc., and post an answer. But several of the
banks I've found, including Barclays, appear to be a good match for
you.
I'm sorry there's not much that can be done to speed this up. Btw, in
my experience, businesses that are slow to respond to e-mails are also
slow to respond to faxes, so it's not a big loss that I can't fax
them.
If banks just plain don't respond to my e-mails, I may have to post
again in a few days asking if you'd like me to list the best
possibilities as my answer, but noting that you'll have to phone them.
But, hopefully, I'll start getting some e-mail replies very soon.
OK, I'm off on another round of searching!
nancylynn-ga
|
Clarification of Question by
johnterryjr-ga
on
06 Jun 2004 16:56 PDT
ok - I understand the lengthy proceso of this fully, Nancy.
|
Request for Question Clarification by
nancylynn-ga
on
09 Jun 2004 17:15 PDT
Hi John:
I have exchanged some e-mails with a very established bank in the
Caribbean. That bank meets your criteria and is interested in talking
to you.
Since you want 2-4 banks for an answer, I will wait until I'm certain
of at least one more bank, before I post that info.
I'm still waiting to hear back from the handful of other overseas
banks I've found that offer merchant accounts. I'm only getting a few
automatic notices of receipt e-mails. There are so few banks that
offer these kinds of accounts, small wonder they're getting swamped
with inquiries & are taking forever to respond!
Frankly, the most plentiful merchant account deals are to be found
among American banks. If you're an American citizen, or if your
company is based in the U.S., I urge you to consider an American bank
because there's quite a few possibilities.
Earlier today I called one major U.S. bank, that has merchant
accounts, to ask if they're regulated by VISA International (no,
they're not, it's VISA, U.S., as you'd said). But I talked to them
about your prescription medication exporting business, and they would
be very amenable to having you set up a merchant account -- if you're
American.
In some cases, American banks require only that you have a U.S. bank
account, or that your company have an American account; you don't have
to be an American.
So, again, at this point, I have that one bank in the Caribbean that
appears to be a perfect match and that is interested in talking to
you. Mostly, though, I'm just waiting to hear back from other banks.
My renewed search has yielded precious few new leads, even with
consulting several directories of international banks. Overall,
merchant accounts appear to be on the decline, except in the U.S.
Regards,
nancylynn-ga
Google Answers Researcher
|
Request for Question Clarification by
nancylynn-ga
on
09 Jun 2004 17:32 PDT
John, please forgive my (most recent) "Doh" moment.
I forgot to say: You sell to customers in the U.S., correct?
If your business is registered in, and doing business (including doing
buisness via the Internet), in the U.S., you will qualify for an
Internet merchant account at some U.S. banks.
|
Clarification of Question by
johnterryjr-ga
on
09 Jun 2004 18:51 PDT
1. I have a UK company
2. I also have a US company but honestly prefer to not do any business
with any american company since I do not know the laws in all 50
states - so what if I do something "wrong"?
Also, usually, in order to get a US bank account then the US
company must have a Tax ID - this is no longer issued to companies
that are owned by non US citizens or who does not have a US social
security number - so I do not really believe in it.
3. I do not qualify for a merchant account regulated under VISA USA
since they now do not allow medicine to be exported to the USA (at
least, that is how I understand it - but maybe you could ask the US
bank(s) you have been talking to if that is true or not).
Kindly tell them that we export medicine to US and UK
customers/consumers from India. The medicine is NOT prescribed from a
local US pharmacy and as it is now then the prescription is issued by
a Indian doctor in India - and not a US physician. Also tell, that the
medicine is FDA approved by FDA in India - but not by FDA in USA.
If they still believe they can be of assitance to me then maybe I am interested.
|
Request for Question Clarification by
nancylynn-ga
on
10 Jun 2004 18:48 PDT
You wrote:
"I also have a US company but honestly prefer to not do any business
with any american company since I do not know the laws in all 50
states - so what if I do something 'wrong'?"
But you said your company is selling to Americans customers, so
therefore you would have to be familiar with these laws in the states
where your customers resided -- regardless of where you register your
merchant account. That's my understanding. See:
http://www.aionline.com/Statement.Policies.IID.7.14.00.pdf
You also wrote "in order to get a US bank account then the US company
must have a Tax ID - this is no longer issued to companies that are
owned by non US citizens or who does not have a US social security
number - so I do not really believe in it."
I find this very confusing. If you have a U.S. company then surely it
must be registered or incorporated in a particular state?
Also, if you have a bank account in the U.S., then I assume you must
pay U.S. taxes on that account? You have to pay taxes in the state in
which your U.S. company is registered and to the federal government?
See Chase Manhattan Bank's First Commerce site:
Chase has merchant accounts, in accordance with CardService
International, and helps non-American merchants get setup with a "U.S.
bank that does not require you to be present to obtain a business
checking account . . . for customers outside the U.S. that would like
to obtain a merchant account." I'm noting this because it appears to
be an exception to the rule.
Anyway, the bottom line is, at this point, I have a U.S bank and a
Caribbean bank that are very interested in speaking with you and, at
this point, very amenable to having you open a merchant account with
them, based on your criteria. I explained your business to the
American bank and, as long as your company is registered in the U.S.
and you are doing business here -- you ARE selling to some American
customers -- your business is fine by them.
You wanted 2-4 banks for an answer. I have two banks that appear to be
a match for you, and I can list several more that appear to be
promising. But they aren't e-mailing me back and I think you are going
to have to telephone them. (One offshore bank did write me back today,
but only to tell me they consider your type of business much too
risky.)
So, I'm not sure that I have enough to post an answer. You'll have to
tell me if I should go ahead and post those two banks, and the other
leads, as an answer.
Btw, the two banks in question prefer to talk to you personally at
this point, and quite understandably so. Many businesses don't care to
conduct business in a public forum and, besides, they need to ask you
some questions, so I really can't act a relay runner in those cases
anymore. (This happens with all Google Answers questions, I assure
you. At some point in any project we wear out our usefulness as
intermediaries!)
I'm afraid I really can't invest any more time and effort in this, I'm
sorry. I am mainly finding third party billing companies for offshore;
in fact, that's what I'm finding about 99.9% of the time, and
meanwhile, most of the seemingly best merchant accounts -- and those
that are most in accordance with what you want -- are being offered by
U.S. banks. That's just how it is.
So, at this point I can give you two near-definite leads and a handful
of good leads. If you feel that's less information than you wanted,
and don't want me to post that as an answer, I understand completely.
Your question doesn't expire until June 27th. So, perhaps it would be
best to just leave this question open in hopes that one of my
colleagues can find the offshore accounts you need. Or perhaps between
now and June 27th one of the banks I contacted will FINALLY get back
to me.
Best regards,
nancylynn-ga
Google Answers Researcher
|
Clarification of Question by
johnterryjr-ga
on
10 Jun 2004 22:22 PDT
hi Nancy
Thank you for your mail.
Kindly give me a day or so think about it. Will get back to you no
later than sunday. Kindly asnwer if you can provide the following IF I
accept this as an answer:
1) The 3rd party processors/third party billing companies you have
been in contact with - can you provide a list of them with contact
details?
2) can you provide me with the URL and contact info to chase regarding
merchant accounts?
3) Can you provide me with the 2 banks and the other promising leads you have found?
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Request for Question Clarification by
nancylynn-ga
on
11 Jun 2004 06:53 PDT
John:
I'm terribly sorry. For some reason the link to Chase's merchant
account information page didn't show up in my previous post. It's:
http://1stcommerce.net/international.shtml
Btw, I haven't been able to talk to Chase yet; when I call, they keep
me on hold to the point where I have to give up! It's a different
American bank that I've spoken with that is very amenable to talking
to you. (The Chase merchant program is a lead that be of interest to
you.)
I would certainly list the two banks, and give contact information for
them, and list the most promising leads as my answer. (It wouldn't be
much of an answer without that!)
I didn't bother to contact the third party billing or other non-bank
processors I'd found, as you'd said in your original question that you
weren't interested in those. However, I can easily go back and
round-up quite a few of those names and URLs just by repeating my
searches. It wouldn't be any problem for me to list those for you. . .
. I can try e-mailing some of them; perhaps they'll be more responsive
than banks have been, so far.
By all means, take your time thinking this over. Your question doesn't
expire for another 16 days, and there's no need to rush!
Regards,
nancylynnn-ga
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Clarification of Question by
johnterryjr-ga
on
12 Jun 2004 00:56 PDT
Hi Nancy
about the 3rd party processors - kindly give me an estimate of how
many of them you have or can get round up/retrieve contact details for
( I am not talking about resellers ord 3rd party processors but actual
3rd party processors)?
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Clarification of Question by
johnterryjr-ga
on
12 Jun 2004 20:45 PDT
hi,
well, can you give me an estimate of how many *offshore* 3rd party
processors you found? 3rd party processors like paypal and ikobo are
not suitable for my type of business...
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Request for Question Clarification by
nancylynn-ga
on
13 Jun 2004 09:08 PDT
Sorry, I put the prior information in the wrong box. I've been doing a
little too much multi-tasking lately and what's left of my mind has
pretty much imploded.
I found a company that claims " . . .be aware that there are less than
three merchant account providers that can provide services to
internet, mail order or online merchants and *we work with all of
them.* Stop wasting your time trying to find the right merchant
provider. We have connections with all of them."
That company processes all over the globe, from Africa to the
Caribbean, to the EU, including your primary markets: the U.S. and the
UK.
So, I can give you that service -- which appears to be the most
promising -- and try to find enough others to bring the total up to
about 10. (A lot of the offshore 3rd party processors seem to be using
Master Card Int'l, not Visa Int'l, narrowing the field.)
nancylynn-ga
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Clarification of Question by
johnterryjr-ga
on
13 Jun 2004 17:58 PDT
well, 3rd party processors that use mastercard intl is fine by me - as
long as it has nothin to do with the US then everything will be fine.
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