Best EMI for money from Africa

[Dubsize]

Hi All,

recently my business got kicked out from a U.S bank because i received money from 45 different countries within 24 months.

They did not like it at all, especially when money was coming from Africa. I was able to justify any transaction and show due diligence document on paying party but apparently that was not enough.

Therefore, I am now looking to open a business bank account with an EMI and I would like to know which one is "Africa friendly" and which one would not mind getting money from Asia, South America and as I said Africa.

thanks in advance.

 

[Martin Everson]

None!

 

[Dubsize]

Thanks for your answer.
Well, I’m not surprised...‌ it’s becoming a nightmare to receive money nowadays.

 

[Martin Everson]

Unfortunately when it comes to not specifically Africa, but money from all those different countries‌ your business becomes classified as high risk. No way around that other than use a‍ high risk merchant provider who can aggregate all the incoming payments and send to your⁠ business account.

 

[negon]

How did you receive this money ? What account did you open?

 

[Dubsize]

So far I was receiving the money via Wire. I had a regular‌ business account in a regular US bank in NYC.
After two years without problems, their‍ compliance dept decided to kick us out because money was coming from too many different⁠ countries.

 

[negon]

and now you want to accept these payments by credit cards? or still wire transfer?‌ Do you have a bank account somewhere?

 

[Dubsize]

Nope, not willing to accept payment by CC. Only Wire. Yes I managed to open‌ a few bank account - but afraid I will not be able to keep them‍ for long time.