The joys of setting up a BVI Co and then getting a bank account

[Klippe13]

Hey Folks, new here and ran out of free page views. I have incorporated in‌ the BVI, offering a learn to earn education portal, with a crypto rebate attached. It‍ is a subscription service.

Currently struggling to find a bank whom we could work with,⁠ offering merchant services for the recurring e-commerce payment, since not many BVI banks offer said⁤ service.

CIBC flat out refuses any affiliation to crypto related businesses.

Any ideas on how⁣ to skin the cat would be appreciated.

Regards

 

[exprtadvisrdev]

without traveling⁢ and without a couple of hundreds of thousands you wont be able to get an︀ account in a real bank.

Try with EMIs first and once you have got reputation︁ and money try again with banks. Bankera accepts crypto related business, asked them if they︂ accept BVI business

 

[Klippe13]

While Bankera can offer me⁤ an account, they cannot offer me e-commerce capability... (

 

[JohnLocke]

And what about the more risky processors like Instabill or some of the Russian payment‌ processors like Payeer and similar?

 

[Klippe13]

Might have a work around,‍ based on communication with Stripe.

Stripe requires my Stripe Account and Bank Account to be⁠ in the same country, however, I need to confirm this is an option. I assume⁤ it will only be through trial and error. Have anybody been able to link EURO⁣ PACIFIC to Stripe?

 

[JackAlabama]

no bvi⁤ for stripe afaik

 

[Klippe13]

Correct, however the requirement is‌ not where the business is registered, but where the bank account is held... Whether I‍ fail or succeed, I'll relay my experience.

 

[Martin Everson]

BVI + Crypto = Compliance officer face looking like ->> eek¤%&

No point me stating the‌ obvious here.

Does EPB even accept crypto related business?

 

[JackAlabama]

Ah really?
Is the requirement not business + bank in the same country‍ which is the one of incorporation.
Up to today I was pretty sure stripe only⁠ pays to bank accounts in the country of the business which in turn must be⁤ on their list.

 

[exprtadvisrdev]

They don't‌ (or at least that was what they told me some moths ago)

 

[Fred]

https://www.bankasia.com/en/home.htm
At least they mention Crypto as upcoming on the website.

They are struggling since‌ forever with correspondence banking. Last I have in mind was a Hong Kong based bank‍ before they switched to UK EMI Snowypay.

 

[Klippe13]

Hey Fred, Thanks⁠ so much. If I have the time, could I soundboard something with you? (or any⁤ other interested member) I am starting to go crazy here...