International Credit Card Processor - Is Nevada a Better Choice?
<p align="left"> </p><p align="left"><u><strong>Many U.S. based merchants are out to look for an international credit card processor to help them with multi-currency transactions and other overseas payment issues.</strong></u> On other side of the coin, however, many merchants outside the U.S. would rather incorporate a business in Nevada or Delaware. This is because despite the U.S. being highly strict in approving ecommerce merchants for international or high risk transactions, merchants know that the biggest customer base is in the country. <br /><br />That is why instead of partnering with an international credit card processor, they would rather incorporate in Nevada or Delaware. <br /><br />Of course, merchants anywhere in the world are not limited to these two U.S. states to enjoy the benefits of greater consumer base. They may also incorporate in the Bahamas, Hong Kong, Cyprus, or the U.K. In<strong> Nevada </strong>or <strong>Delaware,</strong> on the other hand, the benefits for the merchant are extremely attractive. Some of them include:<br /></p><ul><li>No Corporate Income Tax</li><li>No Franchise Tax</li><li>No Personal Income Tax</li><li>No Taxes on Corporate Shares</li><li>Nominal Annual Fees</li><li>No I.R.S. Information Sharing Agreement</li><li>Minimal Reporting and Disclosure Requirements</li><li>Stockholders are not Public Record</li></ul><p align="left"><br />If you feel these benefits will give your ecommerce business long term profit possibilities, then you should have your business incorporated in these two states. However, you would still need to find a merchant account to transact your customers' credit card payments. An international credit card processor, despite being a bit more costly, offer the same tax advantages with more payment processing options included in the package. </p>
