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Best EMI for money from Africa

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Dubsize

Active Member
Hi All,

recently my business got kicked out from a U.S bank because i received money from 45 different countries within 24 months.

They did not like it at all, especially when money was coming from Africa. I was able to justify any transaction and show due diligence document on paying party but apparently that was not enough.

Therefore, I am now looking to open a business bank account with an EMI and I would like to know which one is "Africa friendly" and which one would not mind getting money from Asia, South America and as I said Africa.

thanks in advance.
 

Martin Everson

Offshore Retiree
Mentor Group Gold
Elite Member
Unfortunately when it comes to not specifically Africa, but money from all those different countries your business becomes classified as high risk. No way around that other than use a high risk merchant provider who can aggregate all the incoming payments and send to your business account.
 

negon

hannibal the cannibal
BANNED MEMBER
Therefore, I am now looking to open a business bank account with an EMI and I would like to know which one is "Africa friendly" and which one would not mind getting money from Asia, South America and as I said Africa.

How did you receive this money ? What account did you open?
 

Dubsize

Active Member
How did you receive this money ? What account did you open?
So far I was receiving the money via Wire. I had a regular business account in a regular US bank in NYC.
After two years without problems, their compliance dept decided to kick us out because money was coming from too many different countries.
 

Dubsize

Active Member
Nope, not willing to accept payment by CC. Only Wire. Yes I managed to open a few bank account - but afraid I will not be able to keep them for long time.
 
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