Is it necessary of having merchant account
Is it necessary of having merchant account? Yes it is necessary, you’ll find it useful especially for your further payment development, because now is the era’s of online. Everything online are not also means cost you more money and time to build a website, these days many website design company able to help you out with your desire web design.
It is always better to have flexibility. Having a merchant account of your own will provide you with the flexibility which you will not have through a third party payment gateway. When your business has grown and you have processed a good amount of sale for at least two years, you can consider applying for a merchant account.
There are many merchant account providers which will provide merchant account for businesses in the United States. The key is you must have a US business presence in order to apply for a merchant account. Additionally you must have a US person which will act as a guarantor for the business.
To setup a US business presence you can use an incorporation firm, one which I recommend is VALIS International, which will be able to provide international persons and businesses to have a US business entity complete with US Employer Identification Number (EIN).
Once you have your US business entity established, you can then proceed by opening a US bank account using your new company name. To do this, there is no other way than physically walking into a bank in the US. They will need you to provide them with your passport and incorporation documents and they will be able to open your US business checking account.
The best way to obtain a US person as a guarantor when applying for a merchant account is to find a good old friend of yours who are now residing in the United States. Ask them to become a partner. This is how I gain my US merchant account, which eventually opens door for me to get my own US business visa by employing myself under my own company.
If you are already residing in a country where you can get a merchant account easily, such as Europe, Canada, or United States, you won’t have to go through all that.
Some of the merchant account providers I would recommend is:
1. PayPal through their PayPal Pro services
2. E-Onlinedata.com
3. Charge.com