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Does Payoneer business account allow receiving from individual customers?
- Thread starter vgahdmi123
- Start date
Please, share/confirm what's your country. You claim at your banner that you are from Split – one such town is in Croatia; @daniels27 apparently works with the information that you are UAE based; I've just found this thread of yours https://www.offshorecorptalk.com/th...r-non-eea-resident-or-non-eea-business.46155/ that claims you have a company in Serbia Generally, if you are interested just in SEPA, probably Verifo can be your best bet; but to confirm it it is really necessary to know your jurisdiction.
Neither can I
It says in Split because I was there when my account is made. I am not UAE based, just exploring options is company there maybe solution, but apparently not.
Company is Serbia based.
Company is Serbia based.
In such a case
– be advised that UAE is not the optimal solution for your business case;
– I can firmly confirm the recommendation for Verifo;
– I can add Currenxie to the options (they are able to onboard Serbian company – Airwallex is not) and probably Paysera as well.
You can check with e.g. Interpolitan Money, too; but it would be a more expensive solution, I am afraid.
because US LLC you have to link to US Account and SEPA To US is swift which is expensive
Just a few remarks
Sorry, this does not make sense. SEPA and SWIFT are different and completely independent payment systems which both can work between any countries, in principle. Particularly, a US LLC can have a SEPA capable account and accept SEPA payments.
Hence, a US LLC can be used for such a business case.
Yet:
* especially if LLC has no US operations and/or is owned by a non-resident as for this case (UPDATE)
Having said all of that, I want to say that as well as using a Serbian company is possible – and I guess it is – I do not see the reason for switching to a US LLC. You know: Keep it simple, stupid
No, you have not. You can open an account for any US LLC outside the US (yes, it it not so easy as inside the US).
Sorry, this does not make sense. SEPA and SWIFT are different and completely independent payment systems which both can work between any countries, in principle. Particularly, a US LLC can have a SEPA capable account and accept SEPA payments.Yes, a SWIFT payment is usually more expensive than a SEPA one.
Hence, a US LLC can be used for such a business case.
Yet:
With all due respect, I cannot agree. In my opinion, the options for a Serbian company are not so bad and for a US LLC not so good *
* especially if LLC has no US operations and/or is owned by a non-resident as for this case (UPDATE)
Having said all of that, I want to say that as well as using a Serbian company is possible – and I guess it is – I do not see the reason for switching to a US LLC. You know: Keep it simple, stupid
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Serbia? Yes, easier than US. I thought he is from Serbia but asking for a UAE company. But if we talk about Serbia, I also cannot agree with my previous post.With all due respect, I cannot agree. In my opinion, the options for a Serbian company are not so bad and for a US LLC not so good
1 more question, does this payments like 3money, verifo and others asks for tax payment proof for business accounts, and can i pull money at any moment to private business account or they are strict?
I am asking since basically this bank account would be without control of my accountant office which controls local bank account. I understand I will be screwed if government finds out about it, but do they really report?
I am asking since basically this bank account would be without control of my accountant office which controls local bank account. I understand I will be screwed if government finds out about it, but do they really report?
? What do you have in mind? No financial institution cares whether you paid your taxes or not, it's your responsibility (let's put aside some withholding taxes in some countries/situations).
Or do you talk about your tax identification number? Or about a (your) tax return to describe your source of funds? (If so, then for the former very probably/almost sure; for the latter possibly.)
Why would you not be able to withdraw your money? They will only care whether you do not send money to some subject suspicious re: money laundering or terrorism financing (what can be really annoying but it will happen with any bank/EMI).
If both you and your company are resident in Serbia, take into account that Serbia has not entered the AEOI/CRS system. Hence, regardless of will of the EMI, Serbia simply does not call for (and receive) any reports
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