The worst EMI in the world

[JohnnyDoe]

Belfort said:
Accepted a P2P transaction. Maybe the other guy was high risk and they decided to take down two birds with one stone.
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P2P is not acceptable, like with most EMIs.

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[yngmind]

Mercury was good, but they were requesting information from me almost every week. I used‌ them for over a year, but my account was eventually shut down. They gave me‍ 30 days to withdraw my funds and download statements.

 

[rss]

What kind of info? Can you go into more specific details? Thx

 

[yngmind]

ID verification
Proof of domain ownership
Business operations clarification
Source of Funds
U.S. Operations:

They were asking the same stuff every other week.

 

[Forester]

Yeah. In addition, Zen has‍ gone really crazy last time, as most of the LT EMIs – due to that⁠ LT regulator has gone crazy.

OMG.
R.I.P. Mercury.

 

[rss]

Makes sense.‌ I’m guessing you didn’t have US operations (?)

 

[Forester]

Even when, asking for the same stuff every other week does not make much sense,‍ with all due respect...

 

[rss]

I agree but we don’t know‍ what he was submitting every week…

I kept the ball rolling like this with binance⁠ for over a year, just kept feeding them bs over and over again hap¤#"

 

[yngmind]

I did

 

[avalanche]

For them its a day job to ask‍ this stuff, so they cant understand that you have other things to do in your⁠ life.

 

[Alexmorgan]

Thats the good in them

They give you a chance to take out your money

 

[avalanche]

Even Wise offers that

 

[SilverNeo]

No, they offer this on paper‌ they will say X amount of days and you won't have it and then you‍ complain to the regulator and provide your evidence and then after a few months you⁠ will finally get your money back.

 

[Primat2024]

why would someone do that if‍ he want an account with mercury?

 

[avalanche]

In my case they did offer 1 month. I guess it depends on⁠ the reason for termination. But then I appealed and recovered the account

 

[forward]

did anyone used anna for UK LTD incorporation services & accounting ?

 

[Jeanvaljean]

I used Anna , their fees a‌ lil high but easy to open an account with them

 

[avalanche]

Dont you need to be UK resident for‍ it? And if you do, whats the point compared to normal banks

 

[forward]

risk tolerance & non-res UK‍ UBO, plus the certain business types. but there are plenty of emi's on the market⁠

 

[Houdini]

It seems like a very smart service,‌ banking, bookkeeping, tax reporting, and more all in one.

But can they really be good‍ at everything? For a UK LTD that’s more or less just a shell, I can⁠ imagine it being the perfect match and very useful.