• This topic is empty.
Viewing 15 posts - 1 through 15 (of 23 total)
  • Author
    Posts
  • #977451
    Urchin
    Member

    I have an internet based business selling in Australia and New Zealand.
    Sometimes my New Zealand customers would like to make payment by bank transfer. Would anyone know if it is possible for me to create a New Zealand business bank account and how I would go about this?

    I have contacted ASB bank and they have told me that I can create an account by visiting in person with a certificate of incorporation and business IRD number.
    I can visit New Zealand but I don’t have a business IRD number and I’m not incorporated in NZ.
    Can I get a business IRD number and register then register the bank account?

    I have checked on the NZ inland revenue website and according to their checklist I believe I’m not a NZ tax resident and I’m not required to pay NZ tax or get an IRD number.

    Would anyone have a solution to this problem of accepting NZ bank transfers?

    #1096921
    hopek
    Member

    I’m not sure – but if you ever get it worked out please let me know! I’m going through the same thing!

    #1097009
    hopek
    Member

    I’m not sure – but if you ever get it worked out please let me know! I’m going through the same thing!

    #1096923
    Calcul8or
    Participant

    Paypal?….or similar?

    Actually….it is also possible to accept direct deposits from overseas via transfers. Have you spoken to your bank yet? They might be able to help you.

    #1097010
    Calcul8or
    Participant

    Paypal?….or similar?

    Actually….it is also possible to accept direct deposits from overseas via transfers. Have you spoken to your bank yet? They might be able to help you.

    #1096924
    Urchin
    Member

    PayPal is great but around 10% want to pay by bank transfer. I usually lose their orders because I don’t have a NZ bank account.

    #1097011
    Urchin
    Member

    PayPal is great but around 10% want to pay by bank transfer. I usually lose their orders because I don’t have a NZ bank account.

    #1096926
    Urchin
    Member

    I believe payments into an Australian account will be a foreign transaction and involve a currency transfer. Fees for international bank transfers are normally $30+. My customers wouldn’t want to do this.

    #1097012
    Urchin
    Member

    I believe payments into an Australian account will be a foreign transaction and involve a currency transfer. Fees for international bank transfers are normally $30+. My customers wouldn’t want to do this.

    #1096928
    Calcul8or
    Participant

    I just remembered what I used many moons ago in another business incarnation.

    SWIFT Inter-Bank Transfers are now a common method of payment between international buyers & sellers.

    Your customers in NZ can pay directly into your account if you give them your branch, BSB & ACCT details from their bank.

    #1097013
    Calcul8or
    Participant

    I just remembered what I used many moons ago in another business incarnation.

    SWIFT Inter-Bank Transfers are now a common method of payment between international buyers & sellers.

    Your customers in NZ can pay directly into your account if you give them your branch, BSB & ACCT details from their bank.

    #1096930
    Calcul8or
    Participant

    Western Union, perhaps?

    #1097014
    Calcul8or
    Participant

    Western Union, perhaps?

    #1096932
    Urchin
    Member

    Calcul8or,

    Thank you for your suggestions. Both international bank transfers and Western union are options but I think both of them will have fees of around $30 per transaction and scare customers away.

    I’m considering the idea of incorporating a New Zealand company but I imagine taking care of taxation issues quite complex. If anyone knows about incorporating a NZ company any comments you may have on the process would be appreciated.

    #1097015
    Urchin
    Member

    Calcul8or,

    Thank you for your suggestions. Both international bank transfers and Western union are options but I think both of them will have fees of around $30 per transaction and scare customers away.

    I’m considering the idea of incorporating a New Zealand company but I imagine taking care of taxation issues quite complex. If anyone knows about incorporating a NZ company any comments you may have on the process would be appreciated.

Viewing 15 posts - 1 through 15 (of 23 total)
  • You must be logged in to reply to this topic.