EU IBAN for FZCO in ecommerce

[winjamin]

We just got our account with 3S suspended, as they didn't think our type of business was worth the risk I assume. We operate an ecommerce business from dubai, selling to EU countries, which requires us to offer bank transfers as a payment solution. As our customers are facing fees and what not when trying to transfer directly to us in Dubai, we are looking for a solution where we can obtain an IBAN account within EU.
We have around 1000 transfers of 200€ per month.

Any suggestions to whom we might replace 3S with?

 

[FreedomSearcher]

Why not just set up a US LLC subsidiary? And then get a Mercury bank‌ account there?

 

[Martin Everson]

Have a word with BVNK or maybe SatchelPay in worst case.

 

[Clank]

Currenxie

 

[TheCryptoAnt]

Try Payset

Because he needs SEPA

 

[uranium]

AFAIK Uae is banned from EURO for banking
Only usd works for dubai
Why don't‌ you accept credit card payments via stripe

 

[Clearsky Network]

Do individuals transfer the 200€︀ or companies?

 

[winjamin]

I'm not familiar with Mercury, but if they‍ don't provide a bank account with an EU location for SEPA-transfers, it is of very⁠ little use to us.

Thanks, I will contact BVNK first.

I will take a look at Currenxie as well, thanks.

Will do, thank you!

We sell nicotine pouches, which︀ I highly doubt Stripe will approve of.

Strictly individuals.

 

[uranium]

I heard of it nicotine pouches are trending in⁤ Sweden
You are probably doing drop shipping. What ever bank you find, be clear with⁣ them from beginning about what you are selling
I think those high risk credit card⁢ processors can accept your business

 

[wasted]

i'm on the same page - looking for EUR virtual IBAN account. registered for currenxie‌ but they offer eurozone-based account only for amazon sellers, otherwise you can get UK (local‍ payments only) or HK based (swift) EUR account.
also tried with currencyfair but they offer⁠ a shared account DE-based, no virtual IBAN.
still looking

 

[Clank]

You can get a UK SEPA enabled EUR account, it has the same functionality as any⁤ EU EUR account.

 

[Clearsky Network]

No wonder account is suspended. EMIs do not like⁤ C2B transactions unless its a licensed entity