Hi guys,
I am working on a startup, and I will need to charge users for my services.
I am in Egypt, and its not possible to have an international merchant account, or in other words, its very expensive..
So I would like to know, how can I setup a tax ID and EIN or whatever, so I can make a merchant account based in U.S.?
Is it possible to do that without having to be physically in the U.S.? Are there any companies that help do that?
Thanks so much in advance.
Anyway, the issue is that no merchant account will accept your US company, even if it has an EIN and a bank account, without a personal guarantee. And they won't accept a personal guarantee unless they can either: 1. Pull your US credit report (which you don't have) 2. Be assured you have some assets that are within reach of the US judicial system or 3. take a huge rolling reserve off of your payments.
I would strongly suggest using 2CO, Paypal to get started. Too often we get involved in the paperwork and other stuff without proving the MVP.
Good luck from due east.