Good luck with the worst EMI in the world thu&¤#
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Which online bank to use to receive >100K euros?
- Thread starter edouardseo
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Don't bring me bad luck fin4774"
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
After reading worse and worse EMI solutions to be offered to you, let︃ me ask the questions which should have been asked: 1. What is your citizenship 2.︄ Do you have a proper residency permit in Hungary? 3. Is the website you are︅ selling an adult type one? 4. Have you considered your tax situation for the probable︆ capital gain?
I have 6 figures in N26. Works ok until 50k, then they run a "KYC phase 2" and then its ok to run above 100k with them.
If you have a US LLC, create a product/webpage to US customers and retry Mercury.
You can try also NorthOne and Every.io
If you have a US LLC, create a product/webpage to US customers and retry Mercury.
You can try also NorthOne and Every.io
N26 does not work for companies. NorthOne does not deal with non-US residents. I'm giving Every a try. Thanks.
So far all we got was Wise. I have, in advance, contacted Wise to explain them our business, what we do, what pattern of transactions we expect and also sent them the invoice for the money we need to receive for the services we've been rendering for this particular client in Europe ($465k). Their reply is basically copy paste of what's on their website:
"If you’re receiving a large amount of money to your Wise account, we may need to ask you about your relationship with︀ the sender, or the purpose of the payment. This is a regulatory requirement for us,︁ and it helps us to make sure that our services are safe for everyone.
You don’t need to do anything, like send us documents, before you receive a large amount︂ of money. As we review transfers on a case by case basis, there’s no way︃ to know what information we’ll need until we’ve got the money from the sender.
Our team would reach out to you if they need anything."
It is only me that︄ gets uncomfortable with this kind of answer? I wonder if I gave my clients this︅ kind of answer, which is basically, "try me and we'll see what happens".
I'm actually︆ afraid of giving the bank details to the client. At the same time we have︇ contractors lining up to receive for their work. Never thought going the US LLC route︈ for international business would be such a headache with banking. Ugh. Help.
So far all we got was Wise. I have, in advance, contacted Wise to explain them our business, what we do, what pattern of transactions we expect and also sent them the invoice for the money we need to receive for the services we've been rendering for this particular client in Europe ($465k). Their reply is basically copy paste of what's on their website:
"If you’re receiving a large amount of money to your Wise account, we may need to ask you about your relationship with︀ the sender, or the purpose of the payment. This is a regulatory requirement for us,︁ and it helps us to make sure that our services are safe for everyone.
You don’t need to do anything, like send us documents, before you receive a large amount︂ of money. As we review transfers on a case by case basis, there’s no way︃ to know what information we’ll need until we’ve got the money from the sender.
Our team would reach out to you if they need anything."
It is only me that︄ gets uncomfortable with this kind of answer? I wonder if I gave my clients this︅ kind of answer, which is basically, "try me and we'll see what happens".
I'm actually︆ afraid of giving the bank details to the client. At the same time we have︇ contractors lining up to receive for their work. Never thought going the US LLC route︈ for international business would be such a headache with banking. Ugh. Help.
We have done something like this before, if you could share more info, will do prechecks and decide.
Hello,
sorry for the late reply. I am french and yes I have a residence permit. The website isn't in adult niche and yes I considered the tax situation if I receive the capital gain (15% personal tax in Hungary).︀
sorry for the late reply. I am french and yes I have a residence permit. The website isn't in adult niche and yes I considered the tax situation if I receive the capital gain (15% personal tax in Hungary).︀
@lacomaco @JimBeam Thank you for your answers! I didn't want to use a local bank to be more flexible and an expat here in Budapest told me it was a bad idea as I don't speak Hungarian. But I'll think about it because I opened a Wise account a few days ago and I already have problems with the verification of my first test transaction...
Hello, I'm new here and I'd like to thank the forum for all the information, I'm learning a lot!
Could someone please tell me if Advcash is a good EMI to use as a bridge, from a bank account to an Advcash account, and from there to Wise or any other EMI and from there to a local bank account? It would be for small amounts, around $5000 per month max.
Thanks in advance
Could someone please tell me if Advcash is a good EMI to use as a bridge, from a bank account to an Advcash account, and from there to Wise or any other EMI and from there to a local bank account? It would be for small amounts, around $5000 per month max.
Thanks in advance
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