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I am very sorry to read of the above and I imagine how frustrating it must be. I will certainly try to clarify the position for you.
May I ask if you have put your proposal to the payment processor please?
thank you. Your question is going to be difficult to answer and that there is no law that says this is what they must insist upon, and therefore equally there is no law that says they must accept you if you do as you suggest. Rather, this is a policy decision on the part of the provider made as a business decision which I assume relates to risk that they perceive in offering service to start ups.
Accordingly, I think the only way to know whether your proposal would work is to ask them because the risk of doing it before asking means that they could still say no - they are entitled to reject business they do not want as a private business.
It seems to me that if you genuinely take over established business, then they may well be satisfied with this but if the arrangement is essentially a sham whereby you buy an established company but then effectively start a new business through it rather than carrying on the existing one, this may be different, but I am conjecturing.
A more cost-effective approach might be to find a provider that is willing to offer service to startups, on a short-term basis even if the costs are higher initially ensuring that you do not commit to any long-term contract and then after the requisite period of trading, change horses to your preferred provider.