If you don't depend on Stripe nor PayPal a US entity will do very well for the most of us, it works together with Transferwise in most cases and depending on the owner of the US entity.
That's what i said. If you don't use those merchants then good for you. I only pointed out that you can't use anymore a US LLC to process payments using Stripe or PayPal and don't pay taxes.If you don't depend on Stripe nor PayPal
Can I ask, what EMI do you use for this company or is it a real bank ?
That's what i said. If you don't use those merchants then good for you. I only pointed out that you can't use anymore a US LLC to process payments using Stripe or PayPal and don't pay taxes.
Why Mercury, just as an second EMI or is there any particular reason for it?I'm using Mercury with the debit card most of the time to pay for services and TW if I need to do an international transfer. I didn't try to open an account with a street bank since I knew it will be almost imposible to open one without going to the US
I created an LLC at the end of July to use in stripe, I am a foreigner, non-resident, I obtained the EIN and I am receiving payments in stripe without problems, I make the transfers to payonner and use my mastercard wherever I want. It is not to confront, I just want to clarify that what you are saying is wrong from my position. regardsThat's what i said. If you don't use those merchants then good for you. I only pointed out that you can't use anymore a US LLC to process payments using Stripe or PayPal and don't pay taxes.
That's awesome! Have you also tried opening PayPal?I just want to clarify that what you are saying is wrong from my position
I created an LLC at the end of July to use in stripe, I am a foreigner, non-resident, I obtained the EIN and I am receiving payments in stripe without problems, I make the transfers to payonner and use my mastercard wherever I want. It is not to confront, I just want to clarify that what you are saying is wrong from my position. regards
In which state did you form your LLC?
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I have created the LLC in New Mexico and the immediate use of stripe in just 1 week with an incredibly low cost, I have only paid the tax of llc conformation $ 50 and the registered agent (they are excellent) $ 35 then I have made a call , they attended me in Spanish and they immediately gave me the EIN number (approximately 10 days later I received the document written in my registered agent and they uploaded it to my documents), immediately after having the EIN I created the account in stripe and so far everything It has worked 100% the receipt of payments and the transfer to my payonner account. I hope this helps others
From what i know PayPal requires SSN to open a business PayPal account. Happy to be proved wrong againit is also possible to use paypal 100% with my llc
I have not deepened with PayPal due to lack of interest, the commissions are higher and the limitation to charge only in dollars, (in my country Argentina my clients cannot pay me with PayPal, I have already tried and no card worked) but I think I have I spoke to the support via chat and it is feasible to use the business paypal account with the LLC, but ... personally, for a lower commission and direct use of the credit card, I see stripe as the best option.From what i know PayPal requires SSN to open a business PayPal account. Happy to be proved wrong again
do you live in the USA or what kind of wonder agent have you been using to get a US bank account for your US company?I created an LLC at the end of July to use in stripe, I am a foreigner, non-resident, I obtained the EIN and I am receiving payments in stripe without problems, I make the transfers to payonner and use my mastercard wherever I want. It is not to confront, I just want to clarify that what you are saying is wrong from my position. regards
I do not live in the United States, I do not have a US account, I am using the payonner bank accountdo you live in the USA or what kind of wonder agent have you been using to get a US bank account for your US company?
so actually you could also use a Transferwise account, that would work the same way.He is using Payoneer
there are three methodsthings don't come back to me:
1) $ 35 is only the agent service without company incorporation.
2) non-residents can request EIN only by fax.
With the covid situation, EIN assignments are delayed by about 2 months.
payonner charges me a 1% commission to receive the money to my account, the advantage is that I have my mastercard card to be able to use it in an emergency, if I have the money in a US bank, it may not be so fast have the money, that is the reason .. for now I am like this, but as soon as I have time I will see to open a bank account pro and cons of this for meso actually you could also use a Transferwise account, that would work the same way.
3. PayPal will close your account when you reach a certain turnover; Stripe will too unless you use Stripe Atlas.things don't come back to me:
1) $ 35 is only the agent service without company incorporation.
2) non-residents can request EIN only by fax.
With the covid situation, EIN assignments are delayed by about 2 months.
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