TW closing UAE accounts
- Thread starter Runway
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I can confirm Payoneer is working, but they are very rigid and are basically︌ marketplace oriented. However, I have also been able to receive payments from them from Stripe︍ successfully. Their bank account is not debitable though, so this is a problem for refunds.︎ Also, they are pretty expensive for sending money to traditional banks.
Thanks for the Currenxie️ review. I will try them.
Any other solutions you have found this far?
Thanks for the Currenxie️ review. I will try them.
Any other solutions you have found this far?
Currenxie works, and im very happy with it so I stopped looking (i have payoneer as a back up).
Now that I have been using it for a while, I can say that transactions are fast (usually same day for in and out︀ transfers) and cheap fixed transaction fees.
For my scenario where I get payed by google/apple︁ as an app developer it works really well.
There are only two slight downsides:
- you have to pre-approve every outgoing IBAN, and that takes a few hours to approve.︂ Once the IBANs are in the system/contact list, its fine going forward. But if you︃ have to send money to a lot of new people could be a hassle.
- the transaction info on the sent money is filled with Currenxie name and data, with︄ your part going on the end of it, so you might seem less professional sending︅ money to people
Other then that its great, both are not issues for me
Now that I have been using it for a while, I can say that transactions are fast (usually same day for in and out︀ transfers) and cheap fixed transaction fees.
For my scenario where I get payed by google/apple︁ as an app developer it works really well.
There are only two slight downsides:
- you have to pre-approve every outgoing IBAN, and that takes a few hours to approve.︂ Once the IBANs are in the system/contact list, its fine going forward. But if you︃ have to send money to a lot of new people could be a hassle.
- the transaction info on the sent money is filled with Currenxie name and data, with︄ your part going on the end of it, so you might seem less professional sending︅ money to people
Other then that its great, both are not issues for me
Thanks for your advice on trying Currenxie, @orange. The account opening with︂ them for my FZ-LLC worked great.
I am about to release my first app for︃ iOS and Android with IAPs from the FZ-LLC and was wondering whether my payouts from︄ Google and Apple will be subject to a 30% US withholding tax. Can you let︅ me know, whether any US withholding taxes are deducted from your earnings from Google and︆ Apple?
Did you select GBP and EUR as your payment currencies from Apple and Google︇ due to tax optimization or just out of personal preference? Thank you!
I am about to release my first app for︃ iOS and Android with IAPs from the FZ-LLC and was wondering whether my payouts from︄ Google and Apple will be subject to a 30% US withholding tax. Can you let︅ me know, whether any US withholding taxes are deducted from your earnings from Google and︆ Apple?
Did you select GBP and EUR as your payment currencies from Apple and Google︇ due to tax optimization or just out of personal preference? Thank you!
It looks like you guys get off topic here! Please open a new thread to discuss anything then not related to the topic.
As I always say, it is so boring to pull the warning button.
As I always say, it is so boring to pull the warning button.
Yes, smooth sailing with currenxie all the way.
I have been using them for the past 8 months. I'm getting paid from google/apple to currenxie. I also transfer funds from there to my personal bank account in my country every month without problems. Currenxie to personal transferwise is also working if anyone was wondering.
I have been using them for the past 8 months. I'm getting paid from google/apple to currenxie. I also transfer funds from there to my personal bank account in my country every month without problems. Currenxie to personal transferwise is also working if anyone was wondering.
I'm with Currenxie and it's all good.
They don't provide debit card (unless you have a HK company and for business depense)
Not in the website policy, but they don't approve any Crypto/Forex Trading related platform (transfer/receipt)
I would recommand CurrnencyFair instead of Currenxie for UAE companies, as they have lower fees for conversion to AED.
(Especially if you live in UAE)
They don't provide debit card (unless you have a HK company and for business depense)
Not in the website policy, but they don't approve any Crypto/Forex Trading related platform (transfer/receipt)
I would recommand CurrnencyFair instead of Currenxie for UAE companies, as they have lower fees for conversion to AED.
(Especially if you live in UAE)
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