Author: Nuly

  • SCOTTISH LPs: THE IDEAL EUROPEAN ENTITY FOR INTERNATIONAL MERCHANT ACCOUNTS

    SCOTTISH LPs: THE IDEAL EUROPEAN ENTITY FOR INTERNATIONAL MERCHANT ACCOUNTS

    Due to restrictions imposed by the card associations, acquiring banks are normally not allowed to open merchant accounts for companies outside their jurisdictions. For example, Panama banks are only allowed to open merchant accounts for Panama companies, Belize banks only for Belize companies, Hong Kong banks only for Hong Kong companies etc. The exception is…