How to get a Merchant Account in United States For Non Resident
Today, businesses are expanding their reach to the global level that is helping them to grow at a much faster. This explanation of business has been observed due to the advent of technology. Technology also has help businesses to create a point of sale that can be accessed from anywhere in the world and customers can order online and pay through their cards.
But, one problem that business can face if they don’t have experience of selling and sending goods to other countries is their lack of physical presence in that country. As all the countries have their own laws and requirements for starting a merchant account. But, in this article, we will discuss only the requirement and ways to get a merchant account for a business that is not registered in the United States and
The basic requirement of getting a merchant account in the U.S. these conditions have been fulfilled:
- The business needs to have a registered “Doing Business As” name (DBA) that proves that the business is incorporated in the United States.
- A physical address of the business that an applicant must provide.
- A bank account in the U.S. Bank should be registered in the name of applicant’s name.
These are must required details an applicant needs to provide while applying for the merchant account in the United States.
But, a business that is registered in any other country have one option is to set up a corporation with the U.S. based company by signing a contract with them, stating that the company incorporation will act as the company of U.S. that handles the entire sales, shipping and collecting payment process of the business done in
If the company decides to have a separate and permanent account in the name of the business or owner without any incorporation. For a dedicated account, there is a need
For this, if the company has an agent in
The only thing that needs concern while starting the business process in