Home – New › Forums › Money matters › USD bank account and debit card
- This topic is empty.
-
AuthorPosts
-
September 15, 2020 at 5:53 am #1000372Up::0
Hi all,
We are ready to sell overseas in US dollars and use that income to pay our suppliers who bill us in US dollars, via a debit (or credit) card in US dollars.
Can’t find an Australian bank who can set up a US dollar business account and card we can do this with. Thought it would be an obvious facility to help businesses sell overseas!
Any suggestions on how we can get this done?
Thanks very much.
Michael Soker
APCINTERNETSeptember 15, 2020 at 7:43 am #1224100Up::0Hi And Welcome to Flying Solo Michael.
It is great to have you!
Thank you for joining our community and posting.
You could set up a US LLC – Delaware is popular.
PayPal might be a solution.
Also look at Stripe Atlas.
Cheers
September 15, 2020 at 7:47 am #1224101Up::0Howdy
In addition to Pauls great advice, you can also look at:
Payoneer
Transferwise
OFX
WorldfirstAdding to Pauls advice about delaware, this tends to be due to tax legislation there
Cheers
JasonJason Ramage | Lucas Arthur Pty Ltd | E: hello@lucasarthur.net.au P: 61 3 8324 0344 M: 61 412 244 888September 16, 2020 at 11:21 am #1224102Up::0Airwallex is another one, allows you to set up a USD account with a US bank and can create virtual credit cards as required for payments
September 16, 2020 at 12:11 pm #1224103Up::0Paul – FS Concierge, post: 270890, member: 78928 wrote:Hi And Welcome to Flying Solo Michael.It is great to have you!
Thank you for joining our community and posting.
You could set up a US LLC – Delaware is popular.
PayPal might be a solution.
Also look at Stripe Atlas.
Cheers
Thanks Paul,Very useful info. We’ve been trying to get PayPal Payments Pro sorted out for a few weeks. Hopefully it will work to receive USD.
I looked at Delaware back in the dot com bubble, but you know, I’d really rather keep it all in Australia, if I can.
I am amazed that our governments and banks don’t actively encourage small business to sell overseas in the buyer’s currency and bring it all home. What better way to export.
Michael
September 16, 2020 at 12:14 pm #1224104Up::0LucasArthur, post: 270892, member: 34537 wrote:HowdyIn addition to Pauls great advice, you can also look at:
Payoneer
Transferwise
OFX
WorldfirstAdding to Pauls advice about delaware, this tends to be due to tax legislation there
Cheers
JasonHi Jason,
I had a look at Payoneer and TransferWise, but didn’t know about OFX and Worldfirst. Thanks for that.
Plugging one of these to PayPal may be the way forward.
Thanks again
Michael
September 16, 2020 at 12:23 pm #1224105Up::0Raestorm, post: 270904, member: 102984 wrote:Airwallex is another one, allows you to set up a USD account with a US bank and can create virtual credit cards as required for paymentsThanks for the Airwallex suggestion. Looks impressive. Will look more closely.
MIchael
-
AuthorPosts
- You must be logged in to reply to this topic.