Airwallex rejection

[JohnnyDoe]

Application rejected for my Cyprus company with 10 years audited financial statements. So this is just yet another clown playing in the EMI field.
That's their email:

Hi there,

We are really sorry to let you know that we aren't able to support your business at this time.

Our onboarding team has reviewed the information provided in your application and unfortunately your business falls outside of our current scope. Our decision is based on a broad number of factors which you can read more about here.

Please rest assured that we don't take this decision lightly. As we grow we have every hope and intention to broaden the scope of companies we can onboard and should anything change in the future, we will let you know.

We wish you all the best,

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[Martin Everson]

Damn man. You seem to have so many rejections.

Your business is not running American candy shops in London's Oxford Street? smi(&%


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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[JohnnyDoe]

Martin Everson said:
Damn man. You seem to have so many rejections.
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Amazon FBA, all taxes paid, all the money coming from Amazon - about $600k per month.

Martin Everson said:
Your business is not running American candy shops in London's Oxford Street? smi(&%
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That's a sweet and simple way to launder money! No need to waste time on such things like XMR and other dark crypto rof/%

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[Martin Everson]

JohnnyDoe said:
about $600k per month.
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How much a month ????? eek¤%&




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[Jerry1911]

I think that there are far better EMIs for such type of business. Check out 3s Money Club for example.

 

[JohnnyDoe]

Martin Everson said:
How much a month ????? eek¤%&
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Our customers base is 200m+ people around the world 😉 And we spend 6 figures monthly on ads

Jerry1911 said:
I think that there are far better EMIs for such type of business. Check out 3s Money Club for example.
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Yes of course, I just keep trying to open new accounts because you never know

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[Forester]

Damn. My thoughts are with you; I do remember your strange Currenxie case.
But with such a turnover, I guess you can go well with a bank like CIM Banque, or some EMI like DynaPay or Bilderlings... (but probably you know it as well by yourself).
BTW, in the Currenxie thread we mentioned Intergiro; now I am not 100% sure whether it fits you ideally but anyway: If you decide to try to go with them, feel free to PM me (if you can) or start a private conversation if you need some hint, I can try to help.
Thanks for sharing.

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[JohnnyDoe]

Sure enough, here is Airwallex reply to my request for clarification:

Thank you for reaching out to Airwallex!

I'm so sorry, but unfortunately I can't disclose any more information around our onboarding decisions. If we're able to onboard your business changes in future we'll be sure to reach out.

I completely understand that the lack of clarity is frustrating, but unfortunately it's company policy that we don't share the information regarding our onboarding decisions.

Forester said:
Damn. My thoughts are with you; I do remember your strange Currenxie case.
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That was related to another company. I used the account for some time before they closed it.

Forester said:
But with such a turnover, I guess you can go well with a bank like CIM Banque,
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Already rejected by it smi(&%

Forester said:
or some EMI like DynaPay or Bilderlings... (but probably you know it as well by yourself).
BTW, in the Currenxie thread we mentioned Intergiro; now I am not 100% sure whether it fits you ideally but anyway: If you decide to try to go with them, feel free to PM me (if you can) or start a private conversation if you need some hint, I can try to help.
Thanks for sharing.
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I am well covered but I will continue to apply for new accounts. That's until Amazon decides to pay in crypto 😉
Bilderlings rejected me some time ago for a personal account though.

Btw it might be that banks share some sort of blacklist between them”¦ since I'm currently suing 2 banks and asking quite big money in damages those 2 banks might be retaliating somehow.

Last edited: May 23, 2022
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[Forester]

JohnnyDoe said:
Sure enough, here is Airwallex reply to my request for clarification:

Thank you for reaching out to Airwallex!

I'm so sorry, but unfortunately I can't disclose any more information around our onboarding decisions. If we're able to onboard your business changes in future we'll be sure to reach out.

I completely understand that the lack of clarity is frustrating, but unfortunately it's company policy that we don't share the information regarding our onboarding decisions.
Click to expand...

🙂 🙁 🙂
Really a nice BS, worth of any standard politician 😉

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[JohnnyDoe]

Forester said:
🙂 🙁 🙂
Really a nice BS, worth of any standard politician 😉
Click to expand...

Just for fun I will now pester them with GDPR requests

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[sonato]

JohnnyDoe said:
Our customers base is 200m+ people around the world 😉 And we spend 6 figures monthly on ads
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what the heck are you into ?

 

[JohnnyDoe]

sonato said:
what the heck are you into ?
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Amazon FBA. We sell random stuff that you too most likely bought many times. The customers base are Amazon's customers, technically 😉

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[sonato]

JohnnyDoe said:
Amazon FBA. We sell random stuff that you too most likely bought many times. The customers base are Amazon's customers, technically 😉
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not bad, really not bad. I whish I could take advantage of such stuff like you. But I simply unable to get the brighter picture of such.

 

[JohnnyDoe]

sonato said:
not bad, really not bad. I whish I could take advantage of such stuff like you. But I simply unable to get the brighter picture of such.
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Amazon is a search engine”¦ that's all you need to know, what you sell doesn't matter. Btw one day I will sell this company because it's becoming boring. I will ask 3x the annual profits.

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[sonato]

yea you will be the net Mark Zuckerberg.

 

[JohnnyDoe]

sonato said:
yea you will be the net Mark Zuckerberg.
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Not even close and I can't take it public, this business must be managed by a sociopath tax avoider smi(&%

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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[joffreylol]

I believe that banks do share info when you sue them with other banks. I'm almost certain that's the case in the country I grew up in. Of course they keep it a secret. I'm not sure how it works in your case though because you are applying for banks/emis that are in different countries.

 

[rowena]

Don't waste your time with AirWallex complience team. They're unresponsive and uneducated as per my experience.

 

[Martin Everson]

Hummm seems Airwallex has many entities licensed in different jurisdictions. Different airwallex entities accept different countries etc it seems. So a Cyprus company would be opened with Airwallex Netherlands. Also seems they accept of a lot of offshore countries I didn't expect.


https://help.airwallex.com/hc/en-gb...gistered-in-for-opening-an-Airwallex-account-
Why no Bahamas yet they accept Marshall Islands..lol cry&¤

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Forester]

Martin Everson said:
Hummm seems Airwallex has many entities licensed in different jurisdictions. Different airwallex entities accept different countries etc it seems. So a Cyprus company would be opened with Airwallex Netherlands.
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Yes, and even their pricing policy is different / varies. (I was checking it as for card payment processing and I was really surprised.)

Martin Everson said:
Also seems they accept of a lot of offshore countries I didn't expect.


https://help.airwallex.com/hc/en-gb...gistered-in-for-opening-an-Airwallex-account-
Why no Bahamas yet they accept Marshall Islands..lol cry&¤
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Yes. And why no Bahamas when Virgin Islands etc.; and the distribution over the locations is also interesting ”“ Canada belongs to HK (not to US as one might expect), UAE and Switzerland to UK...
Well, it is as it is.

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...