Wise Business Account - Can't pay upgrades due to rejecting my card :/

[cilmion]

Jesus christ, it's one thing after the other.

So I signed up for Wise Business Account for my Wyoming LLC. Also got an actual physical address in Cheyenne to use as my trading address. All is well.

I am a legal resident in Vietnam and bank here, and I hold another SEA passport (a very weak one). I have a personal Wise Account.

Wise approved my verifications. But I gotta pay to upgrade the account to receive IBAN etc details for various currencies.

And... my Vietnamese cards are a no-go. Apparently, Vietnam-issued cards don't allow payment into Wise (even if it's making a payment for Wise's service, not putting money in). I tried various other currencies, and so the payment has to come from a card or bank account with my name or my LLC name.

Man, I am so tired of this!

Does anyone have any idea how I can get around this?

 

[Sols]

Why can't you use your personal Wise account to top up your business Wise account?

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This is the probably the answer to your question.

 

[cilmion]

Sols said:
Why can't you use your personal Wise account to top up your business Wise account?
Click to expand...

This isn't for "topping up" or adding fund into the account.

To get account details of various currencies or accept payment on Wise Business, we have to pay a one-time fee (equivalent to USD31) to upgrade. And that fee can be paid in multiple currencies including SGD, EUR, USD, and so on. But whatever available currency I choose to pay with, they only accept either bank payment, debit or credit card. And ANY payment methods I use have to be under my name or my LLC name.

I have cards issued in Vietnam and Thailand. Won't work cos they're not allowed to use to fund/pay to Wise. And since I have no other accounts under US LLC, I can't pay to upgrade it. So far.

Hopefully Payoneer or Airwallex and such will come through.

 

[Sols]

cilmion said:
To get account details of various currencies or accept payment on Wise Business, we have to pay a one-time fee (equivalent to USD31) to upgrade. And that fee can be paid in multiple currencies including SGD, EUR, USD, and so on. But whatever available currency I choose to pay with, they only accept either bank payment, debit or credit card. And ANY payment methods I use have to be under my name or my LLC name.
Click to expand...

But why can't you pay that activation fee from your personal Wise account? You say Wise will accept the transfer from an account in your name. So why not just send money from your personal Wise account to your Wise business account?

What am I missing?

Wire money from your Vietnamese or Thai bank account to your personal Wise account. Then from there to your business' Wise account?

Or is the problem that you are unable to fund both your personal and your business account?

Toggle signature
This is the probably the answer to your question.

 

[cilmion]

Sols said:
But why can't you pay that activation fee from your personal Wise account? You say Wise will accept the transfer from an account in your name. So why not just send money from your personal Wise account to your Wise business account?

What am I missing?

Wire money from your Vietnamese or Thai bank account to your personal Wise account. Then from there to your business' Wise account?

Or is the problem that you are unable to fund both your personal and your business account?
Click to expand...

Because the ONLY payment methods for paying for account upgrade is debit card, credit card, or bank. Not from my personal Wise or any other Wise account, nor using a Wise card under my name.

 

[Sols]

cilmion said:
Because the ONLY payment methods for paying for account upgrade is debit card, credit card, or bank. Not from my personal Wise or any other Wise account, nor using a Wise card under my name.
Click to expand...

But then you also said:

cilmion said:
the payment has to come from a card or bank account with my name or my LLC name.
Click to expand...

and:

cilmion said:
I have a personal Wise Account.
Click to expand...

You need: a personal bank account or debit card.
You have: a personal bank account and debit card (if you got one from Wise).

So what stops you paying for the Wise business account activation with your personal Wise card, or by logging in to your personal Wise account and initiating a bank transfer from that account? Does Wise not let you do that?

Based on previous experience, I'm almost 100% confident that it's possible, unless there is some specific limitation in your region or on your account that prevents it.

Toggle signature
This is the probably the answer to your question.

 

[cilmion]

Sols said:
But then you also said:

and:


You need: a personal bank account or debit card.
You have: a personal bank account and debit card (if you got one from Wise).

So what stops you paying for the Wise business account activation with your personal Wise card, or by logging in to your personal Wise account and initiating a bank transfer from that account? Does Wise not let you do that?

Based on previous experience, I'm almost 100% confident that it's possible, unless there is some specific limitation in your region or on your account that prevents it.
Click to expand...

Yup, they are not allowing that.

 

[yngmind]

Get a bank account in another country that will be accepted 🙂

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I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
___
Business Bank Account for your US LLC Remotely

 

[cilmion]

yngmind said:
Get a bank account in another country that will be accepted 🙂
Click to expand...

yeah, looking into that. UAE is a no-go apparently. Wise said they won't accept it. Thai too. Singapore, debit cards will be fine but I can't open account without residency (so gotta get some sort of residency there, easiest might be student pass). Wrecking my brain now.

 

[yngmind]

cilmion said:
yeah, looking into that. UAE is a no-go apparently. Wise said they won't accept it. Thai too. Singapore, debit cards will be fine but I can't open account without residency (so gotta get some sort of residency there, easiest might be student pass). Wrecking my brain now.
Click to expand...

Look for digital EU banks, some of them will happily onboard you.

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I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
___
Business Bank Account for your US LLC Remotely

 

[cilmion]

yngmind said:
Look for digital EU banks, some of them will happily onboard you.
Click to expand...

I am trying all the EMIs I find here in OCT 😀 Fingers crossed! And hoping I could use Payoneer card to make payment too.

 

[cilmion]

yngmind said:
Look for digital EU banks, some of them will happily onboard you.
Click to expand...

If you know of any that's not in the 18 EMI thread list (18 + other suggestions), I'd really really appreciate the info 😀

 

[yngmind]

cilmion said:
I am trying all the EMIs I find here in OCT 😀 Fingers crossed! And hoping I could use Payoneer card to make payment too.
Click to expand...

Good luck, and keep us posted!

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I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
___
Business Bank Account for your US LLC Remotely

 

[PiersBlack]

You can easily obtain a virtual and a physical debit card under your name from something like RedotPay.

KYC is minimal and fast (minutes). Top it up with crypto instantly. You can even add it to Apple Pay. Should work.

 

[yngmind]

PiersBlack said:
You can easily obtain a virtual and a physical debit card under your name from something like RedotPay.

KYC is minimal and fast (minutes). Top it up with crypto instantly. You can even add it to Apple Pay. Should work.
Click to expand...

Redot won't work for wise.

Toggle signature
I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
___
Business Bank Account for your US LLC Remotely

 

[41632584]

cilmion said:
This isn't for "topping up" or adding fund into the account.

To get account details of various currencies or accept payment on Wise Business, we have to pay a one-time fee (equivalent to USD31) to upgrade. And that fee can be paid in multiple currencies including SGD, EUR, USD, and so on. But whatever available currency I choose to pay with, they only accept either bank payment, debit or credit card. And ANY payment methods I use have to be under my name or my LLC name.

I have cards issued in Vietnam and Thailand. Won't work cos they're not allowed to use to fund/pay to Wise. And since I have no other accounts under US LLC, I can't pay to upgrade it. So far.

Hopefully Payoneer or Airwallex and such will come through.
Click to expand...

For what it's worth, I have been able to top up my personal Wise account with my Thai creditcard some months ago.

I did notice it did not allow topping up in Baht but did allow in Euro which triggers a cash advance fee. Also, when I tried €1000 it was rejected but passed topping up in €500 increments.

So it could be worth trying different currencies and amounts. And possibly using a creditcard instead of debit card might help.

 

[cilmion]

41632584 said:
For what it's worth, I have been able to top up my personal Wise account with my Thai creditcard some months ago.

I did notice it did not allow topping up in Baht but did allow in Euro which triggers a cash advance fee. Also, when I tried €1000 it was rejected but passed topping up in €500 increments.

So it could be worth trying different currencies and amounts. And possibly using a creditcard instead of debit card might help.
Click to expand...

Hmm, I will try to get a Thai CC then and check. And also try with EUR on debit card. CC is a tad hard with my current residency there.

 

[cilmion]

PiersBlack said:
You can easily obtain a virtual and a physical debit card under your name from something like RedotPay.

KYC is minimal and fast (minutes). Top it up with crypto instantly. You can even add it to Apple Pay. Should work.
Click to expand...

tried it, but it doesn't work. basically anything of prepaid nature doesn't work 🙁

 

[yngmind]

41632584 said:
For what it's worth, I have been able to top up my personal Wise account with my Thai creditcard some months ago.

I did notice it did not allow topping up in Baht but did allow in Euro which triggers a cash advance fee. Also, when I tried €1000 it was rejected but passed topping up in €500 increments.

So it could be worth trying different currencies and amounts. And possibly using a creditcard instead of debit card might help.
Click to expand...

Was it a card with a credit or debit bin?

Toggle signature
I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
___
Business Bank Account for your US LLC Remotely

 

[cilmion]

yngmind said:
Was it a card with a credit or debit bin?
Click to expand...

I think Thai credit cards have credit bin.