Best niche to choose for a business bank account?

[j1mesb0nd]

So I tried to open a business bank account for my legit business (not high risk or anything) but it got rejected from Mercury and Airwallex. What business niche that has high approval rate from EMIs that I should start to open an account for but use the account for my primary business?

 

[ActionMan]

what's your main line of business?

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[daniels27]

E-commerce, consulting

 

[JohnnyDoe]

j1mesb0nd said:
So I tried to open a business bank account for my legit business (not high risk or anything) but it got rejected from Mercury and Airwallex. What business niche that has high approval rate from EMIs that I should start to open an account for but use the account for my primary business?
Click to expand...

Why don't you try instead to organize and present your business in a way that it is welcomed by banks?

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[rss]

I can see airwallex denying your application for no reason, but if mercury denied it too, then there's a high chance you didn't present your business right”¦

 

[daniels27]

rss said:
I can see airwallex denying your application for no reason, but if mercury denied it too, then there's a high chance you didn't present your business right”¦
Click to expand...

Probably something like these:
[COLOR=#a7ffeb] F [/COLOR]

Thread 'Card Processing Solution for Subscription Payments (Individuals)'​

Oct 17, 2024
Hi everyone,


I'm looking for a card payment processor for a subscription-based site (like first charge is €1, followed by €49 after 3 days).

I need a processor that accepts individuals (not just businesses) and startup clients with no transaction history, as I plan to create multiple accounts to manage a higher chargeback rate (3-5%).

It's also preferred if the payout can be in cryptocurrencies, to avoid the need for creating bank accounts for each processing account.


I'm willing to pay for a good solution.
Any recommendations?

Thank you!

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Thread 'Exit/sell replica business'​

Sep 30, 2024
Currently Scaling my replica stores in the Nordic countries we are targeted to do around 1m+ in revenue in October that is within 1 country. In November December we will push beyond this to other countries with multiple stores and by the end of the year its projected to few million a month.
We have dedicated warehouse and team in china for fulfillment, really healthy profit margins and they payment processing side is no issue to us.


My question is is there any exit potential in this?

Are there buyers if I want to sell the entire business later on?

Is this possible?

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• 

But what worries me more at this stage is that he is not even able to figure out what acceptable businesses do. Maybe, he should just ask his grandmother what businesses did back in the days. Isn't this what grandmothers are for?