zen.com Reject Business application ?
- Thread starter kalikex
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I will try with a few different ones. It seems that my inquiry has brought the forum to their attention, and they quite quickly found the threads about them. That was not the intention, but it might make them a bit cautious about what they do to avoid bad publicity here.
If you don't have any connection at all to Europe or UK, that might be why financial institutions are declining you. Or maybe the software services you offer are suspicious. Or it could be that the UBO appears on some warning lists.
There are hundreds of possibilities.
There are hundreds of possibilities.
1) Be advised that software services are, unfortunately, in many cases taken as a high risk business by financial institutions. Reasons: the product is intangible and it is quite difficult to check e.g. what are the real costs of the production or what is a real value of the product... (Tax avoidance links are obvious.)
2) If you filled in︀ all the onboarding forms in similar English as you are using here (I do not︁ know, of course); then you were definitely looking suspiciously. A different level of language abilities︂ is usually expected from the representative of a UK company... (no offence)
2) If you filled in︀ all the onboarding forms in similar English as you are using here (I do not︁ know, of course); then you were definitely looking suspiciously. A different level of language abilities︂ is usually expected from the representative of a UK company... (no offence)
@ilke
i am just sharing my opinion, where i have expertise.
Hence i want to make a clear statement:
I dont like swissmoney because they have high fees. I CLEARLY STATED IT ALL THE TIME. BUT
That was the only one service that i engaged with and was able to trade USDT and to put the money immediately to my card and spend it. Despite the high fees maybe someone will find it useful to know that in 5 minutes they can register , deposit USDT and immediately spend it with card.
Thats all
i am just sharing my opinion, where i have expertise.
Hence i want to make a clear statement:
I dont like swissmoney because they have high fees. I CLEARLY STATED IT ALL THE TIME. BUT
That was the only one service that i engaged with and was able to trade USDT and to put the money immediately to my card and spend it. Despite the high fees maybe someone will find it useful to know that in 5 minutes they can register , deposit USDT and immediately spend it with card.
Thats all
Almost every operating EMI should accept you.
Subject to you as a person,- not in the sanctions list, not a PEP, not related to some positive worldcheck results on AML side.
Business wise also if business is in the high risk section that would be problematic.
To advise properly i would need some more details about business etc.
Subject to you as a person,- not in the sanctions list, not a PEP, not related to some positive worldcheck results on AML side.
Business wise also if business is in the high risk section that would be problematic.
To advise properly i would need some more details about business etc.
My main aim here is not to promote services or affiliate them.
I am sharing my information for a couple reasons:
1. People who go same way might save time by reading the post and knowing something is not exactly the same they expect.
2. FIN sector is a web where you need to know which tool to use where. And this comes only by experience. Sharing is important.
So i wont be able to help you, try to read other threads and look what best suits your business model.
Good luck
I am sharing my information for a couple reasons:
1. People who go same way might save time by reading the post and knowing something is not exactly the same they expect.
2. FIN sector is a web where you need to know which tool to use where. And this comes only by experience. Sharing is important.
So i wont be able to help you, try to read other threads and look what best suits your business model.
Good luck
A more common occurrence I've experienced and seen is they take the application fee and just never respond. They don't even bother refusing the application. They just accept all the personal information and whatever the onboarding fee happens to be that week, and then ghost the applicant. In some cases,︀ it takes months of occasional reminders for them to eventually reply. Communication is one Bankera's︁ biggest problems.
It's worth︃ considering that Zen doesn't really have a referral program, while Pervesk will gladly hand out︄ large commissions to referrers.
It's worth︃ considering that Zen doesn't really have a referral program, while Pervesk will gladly hand out︄ large commissions to referrers.
The ones who have built any serious company in their life at least once know that it's not only roses while developing a business.
To determine whether a company is serious or not, you should judge it based on data, and not by random "They haven't replied to me fast enough".
Thanks for taking the time to reply to my message.
To determine whether a company is serious or not, you should judge it based on data, and not by random "They haven't replied to me fast enough".
Thanks for taking the time to reply to my message.
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