Newbie question about European merchant accounts - GoFuckYourself.com

Ignatius O'Reilly · 10-13-2010, 11:07 PM

I realize it's difficult to set up a merchant account directly with an acquiring bank, but just how difficult? Can someone please explain which steps we should take. We have the financial resources here in Europe. That's not a problem, and if need be, we can set up a master merchant account. We just don't know which banks to approach as this isn't a "office front" business. Do we still need an underwriter? We'd like to avoid 3rd party solutions like Verotel as much as possible. Thanks.

Lifer · 10-24-2010, 01:40 AM

You have to talk to a bank in your country

Every bank and country has their own legal requirements, especially with regard to adult processing because it is consider "high risk"

10-13-2010, 11:07 PM	#1
Ignatius O'Reilly Registered User Industry Role: Join Date: Oct 2010 Posts: 3	Newbie question about European merchant accounts I realize it's difficult to set up a merchant account directly with an acquiring bank, but just how difficult? Can someone please explain which steps we should take. We have the financial resources here in Europe. That's not a problem, and if need be, we can set up a master merchant account. We just don't know which banks to approach as this isn't a "office front" business. Do we still need an underwriter? We'd like to avoid 3rd party solutions like Verotel as much as possible. Thanks.

10-24-2010, 01:40 AM	#2
Lifer Confirmed User Industry Role: Join Date: Feb 2004 Location: Working Posts: 871	You have to talk to a bank in your country Every bank and country has their own legal requirements, especially with regard to adult processing because it is consider "high risk" __________________ CCBill Sponsor Programs Get Paid On Time - Everytime!