I tried opening a US business account in 18 EMIs, here's the result

[Forester]

disagree said:
So do you think there is a workaround for this with these certificates?
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Yes, I do. As already said, The Certificate of Incumbency is probably your best bet, The Articles of Association etc. could help, too.

Disclaimer 😉 Of course, this does not mean that Paysera will inevitably like you and your business... 🙂

daniels27 said:
The Certificate of Incumbency is typically issued by a notary, while the others are issues by the company itself. Typically you can only get an apostille for a document from the state of issued by a notary. Hence for the operating agreement you could get a notarized copy which you can then apply the apostille.

That's what I meant. The chances of them accepting a statement from a notary is higher than having a notary certifying a copy of something that could be faked.
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Yes, now I understand what you meant; it was just a misunderstanding ”“ and you are right with what you wrote.
(And you probably were referring to this

disagree said:
Or provide official registry extract in English with above mentioned information verified by notary apostille (notary has to certify not only signature or copy true, but also that content is correct)
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I guess.)

Just as a side-note, in some states (e.g. NV or TX) The Articles of Association / Operating Agreements are often written down in the presence of a notary, AFAIK; so this changes the game, yet this is not so for WY ”“ TBMK.

Last edited: Dec 21, 2024
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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...

 

[daniels27]

Maybe, he can register a branch somewhere where they list the UBOs in the registry, apply for paysera and then close it again.

Otherwise, he can do Singapore it is also as tax free as the US LLC but has a public registry.

 

[mytoofood]

daniels27 said:
Paysera's virtual account is multicurrency, which means that you can keep money in several currencies at once.
View attachment 8384
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how secure are paysera, is it good to keep money inside the wallet or better not?

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[Belfort]

mytoofood said:
how secure are paysera, is it good to keep money inside the wallet or better not?
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I've used it for a while without problems, but very low 5 figure transfers at most. They called me once so I could increase my transfer limits and it was a quick call on google meets.

 

[Houdini]

Belfort said:
I have a US LLC, am non-resident in the US, and signed up to 18 different EMIs.

This is the result after a week:

1. 3S Money - Asked for $20 to process my application + it charges $100 a month for having the account open
2. Airwallex - Approved
3. Brex - Rejected because I have no venture capital (startup focused apparently)
4. Currenxie - Doesn't offer services to US businesses
5. Juni.co - Doesn't offer services to US businesses
6. Mercury - Application still pending
7. Novel - Application still pending
8. Payoneer - Wants the withdrawal account to be in the LLCs name (no point having the account then)
9. Paypal - Doesn't offer services to US businesses to non-residents
10. Paysera - Doesn't offer services to US businesses
11. Payset - Doesn't offer services to US businesses
12. Relay - Won't accept my proof of address because it's not in english. Support doesn't answer through e-mail
13. Revolut - Doesn't offer services to US businesses
14. Satchel - Asked way too many questions about where funds would come from, how much and where they would go to before even opening the account
15. Stratys - Doesn't offer services to US businesses
16. VertoFX - Application still pending
17. Wallter - Asked for 500 EUR to open the account
18. Wise - Approved

Hopefully this helps others in the future.
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How is it going with the PENDING applications you had by time posting this thread ? and what about the one you got approved with are they still operating or did they shut you down for some reason in the meantime ?

 

[Belfort]

Houdini said:
How is it going with the PENDING applications you had by time posting this thread ? and what about the one you got approved with are they still operating or did they shut you down for some reason in the meantime ?
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I believe the ones pending by then ended up not responding at all, except Mercury which approved me but I never used it. Since I was approved with Wise and Airwallex I didn't bother pursuing them further. Wise suspended my account in less than 3 months due to cryptocurrency related transactions. I've been using Airwallex since then and have had 0 issues.

 

[ImKing]

Belfort said:
I believe the ones pending by then ended up not responding at all, except Mercury which approved me but I never used it. Since I was approved with Wise and Airwallex I didn't bother pursuing them further. Wise suspended my account in less than 3 months due to cryptocurrency related transactions. I've been using Airwallex since then and have had 0 issues.
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Good update. Lot's of waste of time at your end with all these EMI applications.

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[Houdini]

Belfort said:
Wise suspended my account in less than 3 months due to cryptocurrency related transactions.
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you funded you crypto account with Wise right ?

 

[Forester]

Belfort said:
Wise suspended my account in less than 3 months due to cryptocurrency related transactions. I've been using Airwallex since then and have had 0 issues.
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Both pretty expectable.

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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...

 

[johndoe11]

Belfort said:
I have a US LLC, am non-resident in the US, and signed up to 18 different EMIs.

This is the result after a week:

1. 3S Money - Asked for $20 to process my application + it charges $100 a month for having the account open
2. Airwallex - Approved
3. Brex - Rejected because I have no venture capital (startup focused apparently)
4. Currenxie - Doesn't offer services to US businesses
5. Juni.co - Doesn't offer services to US businesses
6. Mercury - Application still pending
7. Novel - Application still pending
8. Payoneer - Wants the withdrawal account to be in the LLCs name (no point having the account then)
9. Paypal - Doesn't offer services to US businesses to non-residents
10. Paysera - Doesn't offer services to US businesses
11. Payset - Doesn't offer services to US businesses
12. Relay - Won't accept my proof of address because it's not in english. Support doesn't answer through e-mail
13. Revolut - Doesn't offer services to US businesses
14. Satchel - Asked way too many questions about where funds would come from, how much and where they would go to before even opening the account
15. Stratys - Doesn't offer services to US businesses
16. VertoFX - Application still pending
17. Wallter - Asked for 500 EUR to open the account
18. Wise - Approved

Hopefully this helps others in the future.
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Hi

I have a few questions

1. Was providing the foreign EIN sufficient? Or, did you have to have an ITIN or US principal with SSN?
2. Did you have to provide a US residential address for yourself as the UBO or were business address and registered agent address sufficient? Or, perhaps your local residential address sufficient?
3. Are these simply regular business banking accounts or merchant accounts capable of payment processing?

 

[sinos]

Belfort said:
I believe the ones pending by then ended up not responding at all, except Mercury which approved me but I never used it. Since I was approved with Wise and Airwallex I didn't bother pursuing them further. Wise suspended my account in less than 3 months due to cryptocurrency related transactions. I've been using Airwallex since then and have had 0 issues.
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Did you use Airwallex for crypto transfers?

 

[daisy70]

I understand Revolut is offering services to US now

 

[psvunited]

daisy70 said:
I understand Revolut is offering services to US now
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Yes, currently using it. The money exchange they over is a big bonus

 

[bubbledouble]

psvunited said:
Yes, currently using it. The money exchange they over is a big bonus
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They are easy to signup with, use and even get loans if you live in some EU country.

 

[Pasqualina]

Cloudbanck said:
Levro (US)

List of permitted [including US] and prohibited countries here: Levro | Currencies and Countries
Can confirm that a US LLC with a non resident member, can open an account with Levro and that multiple currencies are supported.
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Trying to apply I got this waiting list page, only: https://www.levro.com/contact-us

Did something bad happen into the while?

 

[Belfort]

sinos said:
Did you use Airwallex for crypto transfers?
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Never

 

[redeye]

Pasqualina said:
Trying to apply I got this waiting list page, only: https://www.levro.com/contact-us

Did something bad happen into the while?
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I don't get anything at your link but can apply, it may be your country they don't support.

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