How to Open a Merchant Account for a Non-Resident U.S. LLC
Open a merchant account for your non-resident US LLC. Accept payments online and grow your business from anywhere.
A customs bond is a financial guarantee that helps protect U.S. Customs and Border Protection if an importer fails to pay duties, taxes, fees, or comply with import requirements.5 For businesses importing goods into the United States, the bond does more than satisfy paperwork. It can affect shipment release, cash flow, broker setup, and the cost of scaling imports.
The right bond depends on how often the company imports, the value of shipments, the type of goods, and whether other agencies are involved. A one-off shipment may only need a single transaction bond, while regular importers usually compare continuous bonds.
This guide explains how customs bonds work, when businesses may need one, and what to check before importing.
We'll also discuss the Wise Business account. The global account that can help your company with all things cross-border.
Do you send and receive global payments?
Wise Trustpilot Score: 4.3 stars on 230,000+ reviews
No minimum balance requirement and no monthly fees
Integrates with QuickBooks, Xero, Sage, and more
| Table of contents |
|---|
A customs bond is a three-party agreement involving the importer or principal, the surety company, and CBP.5 It gives CBP a way to recover duties, taxes, fees, penalties, or other amounts if the importer does not meet its obligations.
CBP explains that commercial goods imported into the United States may be subject to duties and other requirements, and that the importer of record is responsible for exercising reasonable care in classifying, valuing, and providing other entry information.1
For a business, the bond supports the import process, but it does not remove responsibility. The importer still needs accurate product classification, country-of-origin information, invoice records, duty payment, and compliance with any partner government agency requirements.
A bond is commonly needed for commercial imports above certain thresholds, controlled goods, or activity requiring CBP security. The exact requirement depends on shipment value, entry type, commodity, and CBP rules.
Businesses should ask a licensed customs broker or surety about bond requirements when:
The customs broker can help determine whether a single-transaction bond or a continuous bond is more appropriate.
CBP also supports electronic bond filing through eBond in the Automated Commercial Environment, which is relevant when a broker or surety submits bond data electronically.3
| Bond type | Best for | Tradeoff |
|---|---|---|
| Single transaction bond | One shipment or occasional importing | Simpler for isolated shipments, but repeated use can become inefficient |
| Continuous bond | Regular importing over a bond period | Better for recurring imports, but requires ongoing monitoring and renewal |
A single-transaction bond generally covers a single import transaction. A continuous bond covers multiple entries during the bond term and can be more practical for importers with regular shipments.4
CBP's bond resources are the starting point for current bond administration and surety requirements, so importers should confirm details there before relying on a broker quote alone.2
Bond cost is only one of the import costs. Businesses also need to model:
CBP's importing guidance emphasizes that importers are responsible for entry, classification, valuation, and other compliance details.1 If those details are wrong, the cost can be higher than the bond premium.
It’s important that you properly plan out your import activities to avoid potential penalties or delays. Importers often run into problems when they:
For startups, the big mistake is treating customs as a shipping problem rather than a finance and compliance problem.
Many businesses work with a licensed customs broker to handle entry filing, bond coordination, tariff classification support, and communication with CBP. A broker does not eliminate importer responsibility, but it can reduce operational friction.
Before hiring a broker, ask:
Wise Business can help you save big time on international payments.
Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in 40+ currencies.
Signing up to Wise Business allows access to BatchTransfer which you can use to pay up to 1000 invoices in one go. This is perfect for small businesses that are managing a global team, saving a ton of time and hassle when making payments.
Some key features of Wise Business include:
Mid-market rate: Get the mid-market exchange rate with no hidden fees on international transfers
Global Account: Send money to 140+ countries and hold multiple currencies, all in one place. You can also get major currency account details for a one-off fee to receive overseas payments like a local
Access to BatchTransfer: Pay up to 1000 invoices in one click. Save time, money, and stress when you make 1000 payments in one click with BatchTransfer payments. Access to BatchTransfer is free with a Wise Business account
Auto-conversions: Don't like the current currency exchange rate? Set your desired rate, and Wise sends the transfer the moment the rate is met
Free invoicing tool: Generate and send professional invoices
No minimum balance requirements or monthly fees: US-based businesses can open an account for free. Learn more about fees here
A customs bond is part of the infrastructure for importing into the United States. It helps secure CBP obligations, but it does not replace classification, duty planning, broker review, or good records.
Before importing, confirm whether a bond is needed, choose the right bond type, model the landed cost, and set up a payment workflow that keeps supplier and customs-related records together.
A customs bond is a guarantee that helps ensure duties, taxes, fees, and compliance obligations owed to CBP are met.
Not every import requires the same bond treatment. Requirements depend on shipment value, entry type, goods, and CBP rules. A licensed customs broker can confirm what applies.
For regular importers, a continuous bond is often more practical. For a one-off shipment, a single-transaction bond may be enough.
Sources:
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
Open a merchant account for your non-resident US LLC. Accept payments online and grow your business from anywhere.
Learn what a foreign profit corporation is, how to register one, and how to expand your business into new US states.
Learn how to pay Canadian contractors with Wise Business. Send CAD payments quickly with low fees and the real mid-market rate.
Understand US tax filing requirements for your foreign-owned LLC. Expert guidance on forms, deadlines, and compliance.
What is effectively connected income? Learn how ECI affects nonresident aliens with US business activities and taxes.
Top international payment methods: 1. Payment Gateways 2. International Transfer Providers 3.P2P payments 4.Swift Payments 5. Debit Cards...