Seeking US Principal Signer for Foreign-Owned LLC Payment Gateway

[johndoe11]

I'm a foreign owner of a US LLC seeking a US citizen to act as a principal signer for our payment gateway merchant contract. We need someone who can provide:

• Valid SSN
• US passport
• Proof of residential address

Has anyone here successfully found a US principal signer for a similar situation? Any recommendations on how to find a reliable, trustworthy person in the US to act as the signer?

 

[daniels27]

To be honest, your request sounds strange. I do not know where and when, but US passports are very, very, very rarely used for any banking etc. purpose. Not even at the SSA, people use US passports. Why? Simply because US passports are just not that abundant in socitey. That's why normally only drivers licences (and birth certificates at SSA, etc.) are used.

And besides that why would somebody lend his name for you? If you are looking for somebody here, you would at least have to disclose what the gateway will be used for. Alternatively, go to the US and look for people on the street, you will find plenty (with SSN, drivers licence and proof of address -- but again no passport).

 

[johndoe11]

So the situation I'm in is that I'm a foreign US LLC owner and I'm having trouble getting approved by US payment gateways. Nearly every single one I've talked to (over 30+) have said that regardless of EIN or ITIN, they require a US principal signer for the merchant account contract. I believe this requirement actually comes from the underlying merchant bank who takes on the risk of onboarding a foreign owned LLC.

Only 2 gateways I've spoken to (Zenpayments & Revitpay) have said they can onboard me with an ITIN.

However, it's going to take another 8 weeks til I get my ITIN and even then, I don't want to be in a situation where when I actually do the application, they come and say they need a US signer like every single other gateway.

So, I want to see if I can get a US signer. In terms of requirements, the gateways basically said they need to KYC this individual and they mentioned photo ID including passport, doesn't necessarily need to be passport tbh - could be license (basically photo ID for KYC purposes).

If somebody here can help me, I don't mind disclosing further details about the gateway or my business. But right now, I am looking at getting a US signer so I can set up with either NETBilling, Revitpay or Zenpayments.

 

[forward]

I'm a foreign owner of a US LLC seeking a US citizen to act as a principal signer for our payment gateway merchant contract. We need someone who can provide:

• Valid SSN
• US passport
• Proof of residential address

Has anyone here successfully found a US principal signer for a similar situation? Any recommendations on how to find a reliable, trustworthy person in the US to act as the signer?

how much you're willing to pay for this ? are you trying to get MID's?

 

[johndoe11]

how much you're willing to pay for this ? are you trying to get MID's?

Well i don't know - what is the market rate for a person willing to offer themselves for this kind of arrangement?

MIDs? Merchant identification numbers? I'm trying to set up an account with a merchant gateway that will support a foreign owned LLC start-up operating in the adult/high risk category

 

[nitehawk]

hi, i did the same thing and hired a usa manager to use their SSN to open stripe account and tailorpay. There are some hiring agencies that can find someone. I am curious which processors are you able to find that accept this kind of setup? I could only find 2 as mentioned above.

 

[daniels27]

hi, i did the same thing and hired a usa manager to use their SSN to open stripe account and tailorpay. There are some hiring agencies that can find someone. I am curious which processors are you able to find that accept this kind of setup? I could only find 2 as mentioned above.

I would strongly advise against that as it has tax consequences.

You better invest some money into the golden green card and get an SSN yourself.

 

[Houdini]

Anyone who will sign for you on a payment processing agreement is a fool, and you bring that person into alot of risk! Anyone tempted to take his offer, stay out.

You may check inside mentor group gold where you can find several different solutions for someone to sign such agreement and where the harm isn't that big!

 

[sknomad]

No one will do that. SSN is needed because merchant account impacts a persons credit history.

If you are from a counrry which citizens can apply for E2 visa, you can do that. Person with E2 visa ca apply for SSN.

Investment for E2 visa is not so high.

 

[alain]

Of course someone can do this for you, but this person must be crazy or you have to pay him a lot of money.