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How easy is it for a BVI or Singapore company to open a merchant account in the UK?
The very few banks that I have approached advise me that a local resident director is essential. Are there any banks that would overlook this condition? If not, are there any recommended proxy director services...
Hi Helen,
Thanks so much for your detailed reply. All my transactions will be billed in GBP to my customers.
So if I understand correctly from what you are saying, if my company is registered in BVI and my merchant account processor(MAP) is also within BVI, then my customers in UK that are...
Oh and I forgot to add this bit of information, all payments will be charged in GBP. So I am positive there won't be any foreign currency exchange fee, it is the foreign transaction fee that I am concerned about.
Can anyone please clarify this?
Hi guys,
I am new here so please forgive me if I have posted in the wrong section or broken any thread rules. I have been through quite a few posts in this forum but have been unable to find answers to some specific queries I have. I am based in the US and am not too familiar with UK credit...