zen.com Reject Business application ?
- Thread starter kalikex
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Only Zen knows.
If you keep getting rejected by banks and EMIs, the problem is you. There is something about you or your business that banks don't like.
Are you UK citizen and resident in the UK?
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This is the probably the answer to your question.
If you keep getting rejected by banks and EMIs, the problem is you. There is something about you or your business that banks don't like.
Are you UK citizen and resident in the UK?
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This is the probably the answer to your question.
I will try with a few different ones. It seems that my inquiry has brought the forum to their attention, and they quite quickly found the threads about them. That was not the intention, but it might make them a bit cautious about what they do to avoid bad publicity here.
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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
UBO is From asia My business is Software Service no crypto high risk categroy per month volume is 25k to 40K euro but i dont know what is problme ?
If you don't have any connection at all to Europe or UK, that might be why financial institutions are declining you. Or maybe the software services you offer are suspicious. Or it could be that the UBO appears on some warning lists.
There are hundreds of possibilities.
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This is the probably the answer to your question.
Our most of IT clients from EU and Our software service are open but they dont have proper reseon to deny application also can you told me which best business they define as a low risk or no risk ?
1) Be advised that software services are, unfortunately, in many cases taken as a high risk business by financial institutions. Reasons: the product is intangible and it is quite difficult to check e.g. what are the real costs of the production or what is a real value of the product... (Tax avoidance links are obvious.)
2) If you filled in all the onboarding forms in similar English as you are using here (I do not know, of course); then you were definitely looking suspiciously. A different level of language abilities is usually expected from the representative of a UK company... (no offence)
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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...
🙂 Well, in such a case try to do it here, too 😉 Your posts might attract more attention and definitely will become more easy to read 😉
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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...
@ilke
i am just sharing my opinion, where i have expertise.
Hence i want to make a clear statement:
I dont like swissmoney because they have high fees. I CLEARLY STATED IT ALL THE TIME. BUT
That was the only one service that i engaged with and was able to trade USDT and to put the money immediately to my card and spend it. Despite the high fees maybe someone will find it useful to know that in 5 minutes they can register , deposit USDT and immediately spend it with card.
Thats all
Last edited by a moderator: Nov 20, 2023
i am just sharing my opinion, where i have expertise.
Hence i want to make a clear statement:
I dont like swissmoney because they have high fees. I CLEARLY STATED IT ALL THE TIME. BUT
That was the only one service that i engaged with and was able to trade USDT and to put the money immediately to my card and spend it. Despite the high fees maybe someone will find it useful to know that in 5 minutes they can register , deposit USDT and immediately spend it with card.
Thats all
Last edited by a moderator: Nov 20, 2023
Thanks for Your answer any other EMI They help the business in UK and UBO from other region ?
Almost every operating EMI should accept you.
Subject to you as a person,- not in the sanctions list, not a PEP, not related to some positive worldcheck results on AML side.
Business wise also if business is in the high risk section that would be problematic.
To advise properly i would need some more details about business etc.
Subject to you as a person,- not in the sanctions list, not a PEP, not related to some positive worldcheck results on AML side.
Business wise also if business is in the high risk section that would be problematic.
To advise properly i would need some more details about business etc.
My main aim here is not to promote services or affiliate them.
I am sharing my information for a couple reasons:
1. People who go same way might save time by reading the post and knowing something is not exactly the same they expect.
2. FIN sector is a web where you need to know which tool to use where. And this comes only by experience. Sharing is important.
So i wont be able to help you, try to read other threads and look what best suits your business model.
Good luck
Last edited by a moderator: Nov 20, 2023
I am sharing my information for a couple reasons:
1. People who go same way might save time by reading the post and knowing something is not exactly the same they expect.
2. FIN sector is a web where you need to know which tool to use where. And this comes only by experience. Sharing is important.
So i wont be able to help you, try to read other threads and look what best suits your business model.
Good luck
Last edited by a moderator: Nov 20, 2023
A more common occurrence I've experienced and seen is they take the application fee and just never respond. They don't even bother refusing the application. They just accept all the personal information and whatever the onboarding fee happens to be that week, and then ghost the applicant. In some cases, it takes months of occasional reminders for them to eventually reply. Communication is one Bankera's biggest problems.
It's worth considering that Zen doesn't really have a referral program, while Pervesk will gladly hand out large commissions to referrers.
Last edited by a moderator: Nov 20, 2023
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This is the probably the answer to your question.
They are all now comfortably banking elsewhere.
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This is the probably the answer to your question.
The ones who have built any serious company in their life at least once know that it's not only roses while developing a business.
To determine whether a company is serious or not, you should judge it based on data, and not by random "They haven't replied to me fast enough".
Thanks for taking the time to reply to my message.
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