Effect of EEA. No more IBAN for Global users

Discussion in 'The talk about everything lounge' started by goodone, Dec 13, 2018.

  1. goodone

    goodone New Member

    So I had accounts in Entropay and Leupay which is now Leopay. But problem is, as recent policy changes. Many EU financial institute is now not accepting services from countries outside of EEA. So I was wondering if there any service which still provides IBAN with prepaid master/visa cards alternative to this for countries outside of EEA? I have a card and bank from Payoneer but its prepaid card is not widely accepted in several gateways, which gives me a lot of trouble with payment and purchases. I will greatly appreciate it if someone provide a solution, please. Thank you.
     
  2. niggashit

    niggashit Building Trust Entrepreneur

    Your title is misleading. There are many IBAN providers out there.

    Try Transferwise Borderless, Bitwage, Worldfirst World Account.
     
  3. goodone

    goodone New Member

    Sorry, How do I edit it?. Should be "IBAN with Card facility".

    Yes, transferwise still provides IBAN but not the cards. I have transferwise account. But I need IBAN with Card facility for personal use.

    Haven't tried other mentioned. So not sure if they provide cards facilities either.

    Thanks.
     
  4. niggashit

    niggashit Building Trust Entrepreneur

    Why not transfer funds to your bank account in your country then use it?

    There is another one with card. Try Paydek. Pay with ease.
     
  5. goodone

    goodone New Member


    I tried paydek before but after submitting my all documents they closed my account without any notice. I did not even know what was the problem.

    I am from Bangladesh. I have a local bank account but those cards won't work with international purchases. The only international card I have is from Payoneer now, which is not widely usable.
    Payza also stopped providing cards too. I tried paysera also, they said they cannot ship their cards outside of EEA countries. Maybe I have no alternative ways without visiting a EEA country and try opening a bank account there as a tourist if that's possible?
     
    extremedox101 likes this.
  6. xzars

    xzars Building Trust Entrepreneur

    If you can prove that you are a student, you have an employment contract or other valid connection to EU, you should be able to open an account and get a payment card in most EU banks even when giving the bank your address in Bangladesh.

    You really should consider a flight to EU to open an account. As someone from Bangladesh, your options for remote account opening are limited. You will end up with a shitty service provider who at any time can close your account and take hefty management fees while doing so.

    As someone from Bangladesh, you carry a poor reputation in EU no matter how decent of a person you are. As first step, I'd consider Estonian E-residency or similar programme to expand my options for banking and business.
     
  7. goodone

    goodone New Member

    Thank you for your response,

    I am actually a freelancer and have a wide range of clients who can refer me. Would their reference work for me if I visit to create an account at their location? I have never tried moving into a different country before as it was not needed.
    I will definitely will look up into this E-residency program. Maybe this is what you are talking about: What is e-Residency | How to Start an EU Company Online ?
     
  8. xzars

    xzars Building Trust Entrepreneur

    Yes, that's the programme. It's not important necessarily for the Estonian company (though it's something you may consider), but for the e-residency card. A number of payment service providers will open account for non-residents from exotic countries if you hold that e-resident card.
     
  9. niggashit

    niggashit Building Trust Entrepreneur

  10. niggashit

    niggashit Building Trust Entrepreneur

    Min Park and extremedox101 like this.
  11. extremedox101

    extremedox101 Trusted Member Business Angel

    i tried to e-mail Paydek but never answer but they work with my payment partner.
    payoneer does this intentionally , your next card will work more with merchants .

    try to make stealth account with the service you want to access , not many options are there for non-eea .
     
  12. Samuel Newman

    Samuel Newman Offshore Desk expert Mentor Group Business Angel

    OP, you need to try Paysera
    the only issue as I understand, you will have to purchase mail forwarding service in EEA country
     
  13. goodone

    goodone New Member

    Thanks, I will do more further research about this.



    I really liked this service but doesn't look like it supports personal account and my country. I work as a freelancer, I do not have a business license.

    If it requires business documents to sign up then will it has to be an international licensed or local business would do?

    I needed a Physical card as they are widely accepted then virtual card, even on pos. [I think]

    Same issue as above. Looks like for business. Can I use US Mailbox forwarding services?

    Paydek seems to have another website, can't recall the address. I made a question about it to them. After that, I had my account closed up.
    Yes, payoneer has been getting too restricted, used to work with skrill and netteller and now they don't. Even the card I received from them shows as GBP if I try to make any payment by Paypal. When it's actually USD.

    I didn't understand about this, My Next Card will work more with merchants? can you please explain.

    Yes, I have already stated this above. I have paysera but they do not ship card outside of EEA. Do you know any trusted mail forwarder service which won't open the pack but will ship around the world at any point?
    Also, would custom cause any trouble if there's a card inside mailbox? I know every country has a different policy but was just wondering.
     
  14. Samuel Newman

    Samuel Newman Offshore Desk expert Mentor Group Business Angel

    Never have problems with cards delivery worldwide

    Have not used forwarding services, but somebody has mentioned MailGhost - Anonymous Mail Forwarding on the forum recently
     
  15. extremedox101

    extremedox101 Trusted Member Business Angel

    i get payments from paydek but i did not open account directly , i can't find reviews about them , hard to tell about customer experience .

    I didn't understand about this, My Next Card will work more with merchants? can you please explain.

    i mean when your active card expire .

    @niggashit
    If you need physical card then try Full-Featured Employee Expense Cards Exclusively For Business | Bento for Business . those are US Companies. As long as you have Borderless account, you can transfer money to them via USD.

    is this provider :

    - ask for source of income? what if source adult/mainstream ?
    -open account for any country /passport?
    -card work overseas at atm ?
    - card work with crypto ?

    kyc level?
    customer support value?

    thanks
     
  16. niggashit

    niggashit Building Trust Entrepreneur

    You need to contact support and negotiate deal with them like many do. US mailboxes are accepted. You can form Corp in USA and use it to justify.
     
  17. niggashit

    niggashit Building Trust Entrepreneur

    is this provider :

    - ask for source of income? what if source adult/mainstream ?
    -open account for any country /passport?
    -card work overseas at atm ?
    - card work with crypto ?



    Use front company bro. Open account for any passport just need US mailbox. Card work overseas. Not sure about Crypto but it should works.
     
  18. niggashit

    niggashit Building Trust Entrepreneur

    kyc level?
    Low
    customer support value?
    Fast
     
    extremedox101 likes this.
  19. extremedox101

    extremedox101 Trusted Member Business Angel

  20. SantaM

    SantaM New Member

    @niggashit Do I have to get an LLC in the US too if I want to use their service ? In their FAQ they ask for a bank account that accepts debit, which isn't possible with TW/Payoneer.