Any BANKERA.COM experiences?

[Konstanz]

megasis said:
I asked them on starting stage about possibility to work USD currency and receive from USA. Also I indicated these details in KYC.
I get account that not possible to use for my business activity. For me it means - get nothing.
I know many EMI that open accounts almost free of charge.
https://intergiro.com/pricesPaysera Account management and identification fees for Business
and etc

I tried to open account with Bankera only the one reason stated above.
Because I thought they can normally work with USA and USD.

I have sent inquiry to Bankera asking close my accounts
Click to expand...

I would keep the account if I were you. Accounts not easy to get especially for high risk these days... Once you get you keep it
Paysera is no good. They don't allow crypto related payments, they don't allow many high risk industries, they don't allow offshore etc. About other I don't know. But as I said. I would keep, because you never know when you loose other provider

 

[megasis]

Konstanz said:
I would keep the account if I were you. Accounts not easy to get especially for high risk these days... Once you get you keep it
Click to expand...

and once day to loose more than 200 euros. No thanks.

 

[megasis]

Gediminas said:
s I mentioned, if you are not satisfied, send me your details and I will do my best to get your 200 EUR refunded and the account close
Click to expand...

How I may send message to you?? I do not see possibility to send private message here

 

[bobbychow]

Hey Singa, I just try to open Bankera and the rep told I had to be a citizen of of EEA / UK resident. Plus they only take SEPA (not sure exactly what that is yet). Anyone has a good experience with opening a EMI being a USA citizen and not have to travel there. Maybe like a video call or skype. Any input is appreciated! Thank ya

Singa said:
Hi guys ✋,
Who had any experiences with BANKERA.COM , good or bad, as i'm looking to open an account there, and from i see, they provide really good seivces, with personal IBAN account they give you, and be able to receive payments from 3rdPartys Unlike Payoneer, and on top of that, is CRYPTO freindly man.. I mean this is like 1 Place Solutions to all online payments issues..!
Any tips would be helpful
Thanks you for u time, I appreciate it!
Click to expand...

S

 

[mattd]

We finally got approved for Bankera but discovered we are classified as high risk. Did not occur to me that a basic amazon e-commerce business would be hi-risk. The high risk fees make it not worth using
https://bankera.com/faq/what-is-high-risk-industry/

 

[Gediminas]

mattd said:
We finally got approved for Bankera but discovered we are classified as high risk. Did not occur to me that a basic amazon e-commerce business would be hi-risk. The high risk fees make it not worth using
https://bankera.com/faq/what-is-high-risk-industry/
Click to expand...

High-risk is also based on the company jurisdiction, not only on the business activities.

Toggle signature
https://locked.money - Your Crypto Management Company, Ready in Days ”“ Trade, Invoice, $1,200/Year!

 

[Sols]

mattd said:
We finally got approved for Bankera but discovered we are classified as high risk. Did not occur to me that a basic amazon e-commerce business would be hi-risk. The high risk fees make it not worth using
https://bankera.com/faq/what-is-high-risk-industry/
Click to expand...

E-commerce is considered high-risk? That's good to know in case I need Lithuanian EMI account for my brick and mortar gift shop in Spain.

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

 

[Gediminas]

Sols said:
in case I need Lithuanian EMI account for my brick and mortar gift shop in Spain
Click to expand...

This wouldn't be considered as a high-risk.

Toggle signature
https://locked.money - Your Crypto Management Company, Ready in Days ”“ Trade, Invoice, $1,200/Year!

 

[Sols]

Gediminas said:
This wouldn't be considered as a high-risk.
Click to expand...

Let me quote Bankera from the link provided above (What is a High-risk Industry?):

What is a high-risk industry?​

Bankera considers the following sectors as high-risk industries:

• Accounting
• Activities related to art, cultural artifacts and other items of archaeological, historical, cultural and religious importance or rare scientific value, ivory and protected species
• Activities related to ferrous, non-ferrous and precious metals, stones and jewellery
• Activities related to virtual currencies
• Agriculture
• Audit
• Aviation
• Charity
• Chemical industry
• Currency exchange
• E-commerce

Click to expand...

So my joke/point was that it's so broad that only something like a physical store wouldn't be considered high risk by them.

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

 

[Gediminas]

Sols said:
Let me quote Bankera from the link provided above (What is a High-risk Industry?):
Click to expand...

Yes, but "e-commerce" is a very broad concept. As I mentioned, brick and mortar shop in Spain would be considered as low-risk business. There are many e-commerce businesses that are labeled as high-risk as well.

Toggle signature
https://locked.money - Your Crypto Management Company, Ready in Days ”“ Trade, Invoice, $1,200/Year!

 

[mattd]

In our case, we are a Cyprus company running a pretty vanilla amazon e-commerce business. Sounds like there might some wiggle room on the high-risk fees though.

 

[Gediminas]

mattd said:
In our case, we are a Cyprus company running a pretty vanilla amazon e-commerce business. Sounds like there might some wiggle room on the high-risk fees though.
Click to expand...

send me a PM with more details about your business (what are you selling on Amazon, also your company name), I will see if I can do something for you. 😉

Toggle signature
https://locked.money - Your Crypto Management Company, Ready in Days ”“ Trade, Invoice, $1,200/Year!

 

[Sols]

Gediminas said:
Yes, but "e-commerce" is a very broad concept. As I mentioned, brick and mortar shop in Spain would be considered as low-risk business. There are many e-commerce businesses that are labeled as high-risk as well.
Click to expand...

I understand what you're saying and I can see how and why Bankera would have made this decision. I just think it's unfortunate to label all e-commerce as high-risk. There is a huge difference between different forms of ecommerce.

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

 

[Gediminas]

Sols said:
I just think it's unfortunate to label all e-commerce as high-risk. There is a huge difference between different forms of ecommerce.
Click to expand...

I agree on that. Already suggested them to add some kind of explanation to this page if possible.

Toggle signature
https://locked.money - Your Crypto Management Company, Ready in Days ”“ Trade, Invoice, $1,200/Year!

 

[nomad999]

https://bankera.com/faq/what-is-high-risk-industry/

Bankera considers the following sectors as high-risk industries:

• Accounting
• Activities related to art, cultural artifacts and other items of archaeological, historical, cultural and religious importance or rare scientific value, ivory and protected species
• Activities related to ferrous, non-ferrous and precious metals, stones and jewellery
• Activities related to virtual currencies
• Agriculture
• Audit
• Aviation
• Charity
• Chemical industry
• Currency exchange
• E-commerce
• Education
• Extraction of natural resources
• Film, music, photography
• Fishery
• Forestry
• Health and social care
• Hotels
• Information technology
• Insurance
• Issuance of electronic money
• Legal services
• Manufacturing
• Non-profit
• Nuclear energy
• Organizing and operating auctions
• Other financial services
• Payment operations
• Pharmaceutical business
• Professional sports teams and clubs activities
• Public administration and national defense
• Real estate trading and construction
• Restaurants
• Telecommunications
• Tourism and travel agencies activities
• Trade in arms and ammunition
• Trade in means of transport
• Trade in oil products
• Trade in tobacco and alcohol products
• Transport, logistics
• Trust services

Click to expand...

This list is a joke or ?
At this point you are better of to list what is not "high risk" ...
Can't wait for the EU to shoke on their aml bs rules, Jesus Christ this is insane ...

 

[megasis]

Bankera refunded to my account 200 euros. I hope Bankera will improve their KYC screening model and clients will not loose their time.
I may say about advantages of Bankera for personal using, that you can buy crypto or send money to crypto-stock exchange.

 

[nexusblue]

Anyone got experience how long it Takes for a personal account to get verified? There are 3 tiers and from what I can see it is not worth it until Tier 3. Waiting since 2 weeks now though for any feedback on my Tier 2 request...

 

[exprtadvisrdev]

nexusblue said:
Anyone got experience how long it Takes for a personal account to get verified? There are 3 tiers and from what I can see it is not worth it until Tier 3. Waiting since 2 weeks now though for any feedback on my Tier 2 request...
Click to expand...

Mine took a week to get to the Tier 3 (around 3 days each Tier)

 

[lrotter]

This is the most tricky and strange solution met so far. Especially the features provided by Spectrocoin. Would not recommend anyone to go there.

 

[Gediminas]

lrotter said:
This is the most tricky and strange solution met so far. Especially the features provided by Spectrocoin. Would not recommend anyone to go there.
Click to expand...

What do you mean by saying tricky and strange solution?

Are you talking about Bankera or Spectrocoin? Both are different platforms providing different services.

Toggle signature
https://locked.money - Your Crypto Management Company, Ready in Days ”“ Trade, Invoice, $1,200/Year!