It takes your business to the global world: You wish to sell your products
and services from your country and that the payments for it could be received
in American dollars, fast, easy and legal, to obtain clients of all parts
of the world:
In this type of accounts your company will be able to conduct operations
of product sale or services Through your Web page in where your clients
directly paid through visa or master-cards through your page, this
money automatically will be deposited in a current account in the
intermediary Bank in Panama (Merchant Bank account) in where there
will be a banking account at your company’s name; the money
was debited of the credit card of your client and it was deposited
to this account in dollars in where you will be able to have it, and
remember that in Panama you do not pay by this type of transactions
that are perfected abroad. The bank received a small commission.
It is recognized that certain types of Merchants carry more risks
than others, or require the application of specific knowledge of the
market and the one that they develop to track them and to control
his activity. For those reasons the following types of Merchants are
excluded.
This list is not excluded; other businesses can be declined by the nature
of such, and after an analysis case by case. The bank has the final
word:
1. ENTRETAIMENT FOR ADULTS (games of chance, pornography,
and horoscope, physical and sexual direction).
2, INFANTILE PORNOGRAPHY
3, AERIAL TICKET SALES
4, AGES VREIFICATION
5, ANIMAL SALE AND RAISING
6. ALL PRODUCTS OR SERVICES CONSIDERATE ILLEGAL
7. AUCTIONS
8, CHARITIES THROUGH TELEMARKETING
9, AGENCIES OF CASH/CHECK SERVICES
10, CREDIT CARD PROTECTION
11, CREDIT REPARING AGENCIES
12, DRUG EQUIPMENT
13. E-CASH
14, EXPORTERS OF ANY TYPE
15. FUTURE DELIVERY OF AROUND 3 MONTHS
16, GAMES, LOTERY OR RAFFLES
17, GIFTS CERTIFICATES
18, ACCESSORY / GOLF CLUB
19, GUNS NEGOTIATIOS AT HOME
20, INVESTMENTS BY INTERNET
21. PIRIDE MARKETING OR MULTILEVEL
22, TELEMARKETING
23, PERSISTENCE STORE
24, PROGRAMS ON HOW TO APPLY FOR CREDIIT CARDS OF LOW INTERESTS
25, THIRD PROCESSORS
26, TIME BEHAVIOR PROGRAMS
27, TRAVEL CLUBS, RESERVATION CENTERS
28, LIFE TIME GUARANTEE PRODUCTS
29, VITAMINS
30, TICKETS (TRAVLS AND OTHERS)
31, DRUGS OR MEDICINES NON APPROVED BY THE FDA
32, ANTIQUES OR COLLECTION PIECES
33, TABACCO
34. ALCOHOL DRINKS
35. IMITATIONS
36, HOSTING
37, PRODUCTS ORIGINALY FROM CUBA, LYBIA, SYRIA, IRAQ, IRAN, NIGERIA, AFGHANISTAN,
NORTH KOREA, EAST OF EUROPE AND/OR ANY COUNTRY RESTRICTED BY THE OFAC.
FULFILLMENT PARAMETERS
1. The Merchant must processes a minim and prunes monthly USD$ 20.000,00
2. The Web page must demonstrate privacy, security and return policy.
3. The Web page must demonstrate price of products
4. The Web page must demonstrate contact information (email address, telephone
number and fax).
5. The application form must be completed with all the requirements for the
bank to be able to provide a quotation.
6. Sent is preferably private, yes no, the Merchant must establish a way where
the clients receive an invoice or receipt.
