Hi All
We're in the process of setting up with NAB and yes, it's extremely
difficult. With regards to not getting call backs, I had to go into
the branch and refuse to leave to actually arrange a meeting with a
business banker. When I met him he basically outlined that even
without the expensive
...@googlegroups.com] On Behalf Of Kev
Sent: Sunday, 8 August 2010 2:13 AM
To: Silicon Beach Australia
Subject: [SiliconBeach] Re: Accepting USD Payments on Australian Business
Website
Sorry to dig up an old thread but wanted to share our experience.
With one of our products it is primarily subscription
: [SiliconBeach] Re: Accepting USD Payments on Australian Business
Website
Sorry to dig up an old thread but wanted to share our experience.
With one of our products it is primarily subscription based and
targeted at the US market in large part. We too went exploring all the
options and came
Sorry to dig up an old thread but wanted to share our experience.
With one of our products it is primarily subscription based and
targeted at the US market in large part. We too went exploring all the
options and came to similar conclusions as you folk with respect to
options. We went down the
@googlegroups.com
[mailto:silicon-beach-austra...@googlegroups.com] On Behalf Of Kev
Sent: Sunday, 8 August 2010 2:13 AM
To: Silicon Beach Australia
Subject: [SiliconBeach] Re: Accepting USD Payments on Australian Business
Website
Sorry to dig up an old thread but wanted to share our experience.
With one
: Saturday, 3 July 2010 3:05 PM
To: silicon-beach-australia@googlegroups.com
Subject: RE: [SiliconBeach] Re: Accepting USD Payments on Australian Business
Website
Elias,
Well, that link sent me down a bit of a rabbit hole, so I decided to try and
understand the issues rather than just delegate
setting up an LLC in Delaware or a UK company is ok in regards to TAX
as there are agreements between most western nations in regards to tax
so you are not taxed twice on the one income. Talk to your accountant.
I think last time I checked your Australian company simply invoices
your US/UK/EU
-austra...@googlegroups.com] On Behalf Of Elias Bizannes
Sent: Friday, 2 July 2010 7:08 AM
To: silicon-beach-australia@googlegroups.com
Subject: Re: [SiliconBeach] Re: Accepting USD Payments on Australian Business
Website
Unfortunately, you're going to need to step up. Part of the value
An update and a request for some advice from anyone on the list who's
dealt with an LLC and Tax Identification Number issues in the US.
Update:
We've found there are three ways to charge in $US and have the money
come back to Australia without registering any sort of US presence or
opening a US
Hi Jeff, can't help you on the Delaware thing but I'd be curious to
hear more about option two, the EU approach. I'm in the EU at the
moment so that might work well for me... do you have any more info or
know anyone who has?
Brendan.
--
You received this message because you are subscribed to
Hey Geoff,
I'm sure you've thought of this and are incorporating it into your
calculations, but doesn't option #2 (setting up in EU) also have
similar ramifications as setting up in the US? I would expect some
similar costs for incorporation as well as the same potential for
taxation on the money
@googlegroups.com
[mailto:silicon-beach-austra...@googlegroups.com] On Behalf Of Elias Bizannes
Sent: Friday, 2 July 2010 6:52 AM
To: silicon-beach-australia@googlegroups.com
Subject: Re: [SiliconBeach] Re: Accepting USD Payments on Australian Business
Website
Hi guys - I would highly recommend
@googlegroups.com [mailto:
silicon-beach-austra...@googlegroups.com] *On Behalf Of *Elias Bizannes
*Sent:* Friday, 2 July 2010 6:52 AM
*To:* silicon-beach-australia@googlegroups.com
*Subject:* Re: [SiliconBeach] Re: Accepting USD Payments on Australian
Business Website
Hi guys - I would highly recommend
Hi Alan,
If the problem is subscription capability you could look at coupling a
subscription billing service on top of PayPal PayFlow Pro (which
allows charging in multiple currencies and has costs about on par with
NAB merchant facilities - and is much quicker to set up).
I know for a fact that
Hi Derek an everyone else,
I registered my interest on your form although my experience with CBA
is they can't be bothered unless you are making millions. When they
rang me to follow up a lead regarding a domestic merchant account they
basically weren't interested and recommended I tried other
Interesting I was thinking of setting up in Hong Kong for much the
same reason though mainly I expect to receive in USD, Euros, UK£ and
AUD.
Any experience with that ? Hong Kong appears to be all kosher with
Australia in this regard and taxes and a lot less hassle than trying
to sort a US bank
Hi Gary,
Interestingly enough, the CBA has foreign currency merchant
facilities. We have a USD merchant facility with them as part of a
pilot program they are running. We use it with our product
PhotoMerchant (http://www.photomerchant.net).
They have not made this product public at this stage.
I was involved in working on something like this for a business in the
travel industry. They acquired in about 12 currencies, including USD.
We used Citibank Singapore to acquire in everything except NZD and AUD
for which we used local banks. However this was for large amounts of
money (I would
Hi Gary,
From all the research I did, NAB was indeed the only option for a
multi-currency merchant account in Australia. Only other option
seemed to be World Pay if you wanted an embedded (non-hosted) solution
for payment processing. However, World Pay's fees are very high,
something like 3.4%
We use NAB for USD going into an onshore USD bank account with NAB.
We have spent a large amount of time and effort researching all the
options we could find and I was very disappointed with the lack of
options.
At the end of the day, the real challenge is getting a USD merchant
facility.
If
By the way, I think that when we investigated WorldPay, they claim
to collect USD, but when you dig a bit deeper they will only redeem
all of the moneyin AUD (if you are in Australia), but things may have
changed.
Joe
On May 22, 10:04 am, Joseph Renzi google@josephrenzi.com wrote:
We use
If you do decide to go down the US route;
For our needs, we set up a US corporation and bank account, and are
looking at using authorize.net as the gateway and merchant account.
Our bank account is with Silicon Valley Bank in California who I
cannot recommend more highly. Their service (via email
We've used PayFlowPro for this purpose, and it worked pretty well.
From memory we were able to set it up to transfer directly to an NAB
account, without an intermediary. I can't add any insight on the tax
implications, other than that the accountant was OK with the whole
thing :)
On May 22, 7:17
Thanks everyone for the feedback. It's amazing NAB is the only one
providing this.
Gary
On May 22, 11:51 am, Andrew J ajes...@gmail.com wrote:
We've used PayFlowPro for this purpose, and it worked pretty well.
From memory we were able to set it up to transfer directly to an NAB
account,
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