Dropshipping in USA

Hallo everyone,

I am from germany and am building a dropship online store targeting the usa market. My suppliers and customers both are in usa. The online store location is in germany and I will be managing the shop from germany.

My question: Can anybody help me with information about opening an usa bank account,
usa taxes...etc?

I hve done some research on the internet and found some service websites but they are
expensive and beside that I do not know if they are trustworthy.

Best Regards

Hi Nazar,

I can't personally be much help, I don't have much of a clue myself. Can I ask why you feel you need a US bank account to start with?

Hi,

I need the account to receive the money from my us customers and to pay us taxes. The online store will be managed from germany.
Or you mean I don't need it? I read on the internet that its necessary.
I want to sell legally for us customers from us wholesalers with dropshipping.

Regards.

Hi Nazar,

If your business is based in Germany, then that is where your tax obligation will be. Only is you have a US based business you would have to pay US taxes on your business. You would find most buyers would prefer to pay through PayPal, rather than deposit directly into an account anyway, so having a US account isn't really going to serve you any real advantage at all.

Cheers

A Pro PayPal account is by far the easiest way to get set up to take credit and debit cards, as well as direct bank payments from US customers. It is unfortunately pretty expensive compared to a traditional merchant account, but even when you reach the point that a merchant account is neccesary, your local banks should be able to help you. Visa, MasterCard et al are international payment processing brands that almost every bank in the world that offers merchant services can connect you with.

One thing at which you should look very carefully is your exchange rate. PayPal is almost sadistic in how they calculate their currency exchange rates, something I know too well from experience (of accepting payments in foreign currencies, which are then converted to USD to deposit into my account.) You need to make sure your pricing reflects the cost of payment processing, which will include currency exchange. Link hidden: Login to view at PayPal.com can help you get an understanding of the costs and process involved, and when you move to a more traditional merchant account, make sure that your cost of getting from USD to EUR is very clearly explained in any service agreement to which you sign your name.


Frank