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Internet marketing is such a lucrative industry, indeed. There are so many moneymaking opportunities available for anyone who would decide to dabble in its fields. If certain strategies are utilized correctly, there’s no reason why anyone would fail in this kind of online business.
But there is a problem – a big one at that – which is gravely restrictive with regards to the accessibility of internet marketing as a global garden of promising rewards.
Most people prefer to pay with PayPal, you see, but this service is not available in all countries.
A gifted internet marketer from the Philippines or Czechoslovakia, for example whose mind is brimming with revolutionary ideas that could become profitable for many people, would have to contend with limited opportunities given the restrictions of the PayPal service. He will not be able to accept payments from PayPal users, for starters. He won’t be able to pay with PayPal as well. And he won’t be able to enjoy the consumer confidence provided by PayPal’s promised secure transactions, which would make him lose a lot of prospects in the process.
The number of non-PayPal users greatly outnumber the number of PayPal users by a ratio of 37:1, and this is not by choice. Much as non-PayPal users would love to use PayPal, PayPal’s refusal to expand has left them out of the internet marketing picture.
Many people have tried to look for workarounds to the PayPal limitation… through legal means, we must reiterate.
Most of them have failed to find one.
But if you find yourself in a similar situation, then your luck is about to change. In this article, we’re going to discuss legal ways that would allow users from non-PayPal territories to enter the internet marketing arena.
Trying Other Payment Processors
The easiest alternative, of course, would be to try other payment processors. A lot of them can be found on the internet. Here are some of these services:
www.2checkout.com
www.moneybookers.com
www.stormpay.com
www.worldpay.com
www.e-gold.com
www.pro-pay.com
By subscribing to any of these payment processors, you’d still be able to accept credit card payments for the goods or services you want to sell. Indeed, PayPal is not the only means of transaction in the World Wide Web. In fact, more people prefer to pay with credit cards.
Getting A US Bank Personal Account As A Non-Resident
PayPal requires a credit card and a bank account to verify your created account. Pending verification, you’ll be subjected to certain limits, and you won’t be able to withdraw your funds.
The solution?
Get a US bank account.
Indeed, some US banks allow non-residents to open accounts with them. Some of these banks even extend debit cards which the depositors can use for a multitude of purposes. For some non-PayPal territory residents, this is the way they manage to acquire a verified PayPal account which allows them to accept PayPal payments and create numerous auctions at eBay, where PayPal is the number one payment processor of choice.
Need help in finding a US bank account for yourself? Need help in following up on the requirements?
There are a lot of services on the Internet that offer to render aid. Their rates range from $29 to $250.
Forming An LLC
A Limited Liability Company, or LLC, is a business setup that enjoys a juridical personality of its own. The good news is that non-residents can hook up with at least one US resident to form an LLC. LLC rates differ per state. Some states have onerous impositions, while some are more forgiving. Delaware is a constant favorite for people who choose this approach.
With an LLC, you could get a PayPal business account which you could use for a variety of internet marketing purposes.
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