Mauritius banks that provide merchant services

QeMB

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I'm looking for a bank in Mauritius that provides merchant services. For accepting credit cards on the website.

I've checked few, like ABC Bank or Barclays, but couldn't find any information about card acquiring or merchant services. And I think Barclays requires $50.000 min. balance.

Also, bank should work Mauritius GBC2 companies.

 

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JohnLocke

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There is no bank available in Mauritius that also works as an Acquiring bank. You only option for this purpose may be Internet Merchant Services - Bermuda | First Atlantic Commerce if hey can accept your business. You will still need a regular offshore bank account for your day to day banking.

 

JohnSeed

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Depending on what business you are into you may also look into Verotel or CCBILL the latter started to process credit cards for other industries as Adult.

 

QeMB

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moneynetwork said:

Depending on what business you are into you may also look into Verotel or CCBILL the latter started to process credit cards for other industries as Adult.

Click to expand...

Business is bitcoin trading related

Admin said:

There is no bank available in Mauritius that also works as an Acquiring bank. You only option for this purpose may be Internet Merchant Services - Bermuda | First Atlantic Commerce if hey can accept your business. You will still need a regular offshore bank account for your day to day banking.

Click to expand...

Thanks! I've found that Mauritius company along with Mauritius bank account is the best solution for my needs (looking for an agent right now). So I'm going to have offshore bank anyway, even if they don't provide merchant services. Probably HSBC.

I'll reach out to FAC if they can work with that. It's not a requirement per se to handle credit cards through Mauritius bank, I just need to get funds received there.


I've also found instabill.com that seems to provide similar service to FAC, but I've read some really bad reviews about them.

 

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andreas

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Instabill is good for all businesses that can't be placed with any other payment processor. HSBC bank will require a personal visit and they are very complicated to Work with for your BitCoin business, however, this should not stop you to at least try to get an account there and post about your experience here

 

QeMB

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andreas said:

Instabill is good for all businesses that can't be placed with any other payment processor.

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Yeah, it seems that they're mostly used by very high risk payment clients. Getting funds from them to the bank account will probably raise some flags

 

JohnSeed

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QeMB said:

Business is bitcoin trading related

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It's going to be difficult when trading any virtual currency. Even regular banks don't like this business without a license! They request a financial service license to open an account!

 

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pinacol

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What are they afraid of? I was wondering if I want to accept Bitcoins from any exchange service to my bank account if that is possible with a Cyprus bank you think?

 

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JohnLocke

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pinacol said:

What are they afraid of? I was wondering if I want to accept Bitcoins from any exchange service to my bank account if that is possible with a Cyprus bank you think?

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The problem is that most of these services, if not all, are unregulated which no regulated financial institution will or can accept!

 

negon

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The banks usually hide behind the fact that they don't want to do business directly with such type of companies but if you put a layer inbetween they have no issue! They just need to get their back free!

 

drillbill

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QeMB said:

Business is bitcoin trading related



Thanks! I've found that Mauritius company along with Mauritius bank account is the best solution for my needs (looking for an agent right now). So I'm going to have offshore bank anyway, even if they don't provide merchant services. Probably HSBC.

I'll reach out to FAC if they can work with that. It's not a requirement per se to handle credit cards through Mauritius bank, I just need to get funds received there.


I've also found instabill.com that seems to provide similar service to FAC, but I've read some really bad reviews about them.

Click to expand...

Please share the agent that set it up for you? I would like to know also how complicated it was for the bank account opening there? I hope you had success to setup your business empire there and want to share

 

icecold

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#12

• Nov 15, 2016

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Is there any bank in Mauritius that will accept clients from the street and that will accept merchants for credit card payments?

 

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