Receive US LLC payments in personal Revolut

[Belfort]

I have a US LLC. I'm the sole proprietor. If a client wants to pay me in EUR, can I just send him my personal Revolut IBAN? He will use my company's name in the transfer.

 

[float]

From the Revolut terms of service (Personal Terms | Revolut United States)

This Revolut account is for personal use only and may not be used for business purposes. Please see the Revolut Business Terms for information regarding Revolut Business Accounts.

 

[Sols]

If a client wants to pay me in EUR, can I just send him my personal Revolut IBAN?

Not recommended.

He will use my company's name in the transfer.

Revolut is able to see that the name on the incoming transaction is drastically different from the name on the account. Whether they act on it or not is harder to say. But if you keep doing it, they probably will sooner or later.

 

[Alexmorgan]

Even if you go normal and following Revolut rules you will get yor account closed

Then how if you play this game with them?

 

[Cloudbanck]

Just open a bank account for the US LLC that supports EUR instead, there are many: Wise, Levro, Verifo etc

 

[cionide]

I was able to open an account at wise.com for my US LLC in Wyoming without any issues. I have both US account and a European IBAN. Was approved in about 5-6 hours. Also no issues with Stripe.

 

[Belfort]

I was able to open an account at wise.com for my US LLC in Wyoming without any issues. I have both US account and a European IBAN. Was approved in about 5-6 hours. Also no issues with Stripe.

Thanks, but Wise banned me for P2P crypto purchases.

 

[Sdrak]

@janet25 How did they find out you were engaging in p2p crypto?

 

[Belfort]

@janet25 How did they find out you were engaging in p2p crypto?

They simply blocked the account and asked what the transactions were about. I had no justification except telling truth. Lesson learned.