Recent content by Rotanimod

I'm not opposed, its just that all the EMI's I've seen doesnt support the business model, therefore I'm looking for a bank. But if you have an EMI you could recommend that would accept us, I'd be happy to work with an EMI.

Oh.. I've done nothing else than waste my time on banks lately... The part that bugs me is that there is so many prize competitions that seem to have banks... Any advice is appreciated, open to try off-shore or anything else.

Its a prize competition as stated in the original post :) Basically a game-of-skill which is completetly lawful under the gambling comissions outlines for 'free draws and prize draws'.

The reason for the second rejection is that the business model is outside of their 'risk-appetite'. Which I think is absurd as I dont believe our business is high-risk considering our CB rates etc. banks are simply to lazy to understand our business or simply unwilling. Therefore I'd love to see...

I went to UK in person, also added my friend that is a Solicitor as a director. They said no because the UK director had no shares. Started a new company with 50%/50% share structure with my UK based friend as director too, they still said no.

My business is based in the UK! Sorry for late reply, didnt notice I got an answer.

Hi guys, I run a company that is active as a prize competition. We've used Revolut in the past, but a few weeks ago they chose to close us down as they 'Do not support our business model'. I've tried to apply with Metro Bank in UK and Barclays, both turned us down. I'm looking for a Bank in...

Hey Khan, I just looked through my emails, I had actually been in contact with Durango and they rejected us since we were a start up, a few months back. Now I do have processing history that I could present yes. I sent them an Email yesterday, waiting to hear back from them. I also reached...

Thank you, I will have a look at Durango. We're using an EMI, so we have no 'local bank account'.

Hey guys, Just found this forum when I was doing my due dilligence on ipaytotal. I'm happy I found some real reviews in here that made me avoid them. Now to my question - I run a legit Prize competition in the UK that is a registered business, and I've tried to look for a good high risk...