So he can lose half of it or worse when/if crypto devaluates again? He isn't asking about investing strategies, is he? Crypto is a risky business. Just look at today's crypto market. How it's bleeding. Yes, you can win big, but who knows when bull run is going to start? It's a game you shouldn't play with your savings.
Perhaps the reason is very few people use them? For your own sake I hope you are not planning transferring that amount of money to an EMI almost no one heard of.
You could say marketing services to online businesses. And also explain to them the plan for your new venture.
Lots of small and high profile gambling companies use Finductive. The CFO of a big company like that isn't going to write a review on TrustPIlot.
Sure, will try to help
Xace is supposed to be the most gambling friendly EMI, however, their compliance is very unreasonable. Many cases when companies suddenly find out their account is blocked for no reason.
Yeah that is why I am currently doing research on which one to use
Yeah of course not, I am not interested in a review from the company employees but from real people
Because the thing is, as soon I got the 400,000$ I will transfer it to a US company for a digital asset.
And they will collect this funds and then close your account without any explanation after first transaction. Even if you have all the docs. Be carefulYeah that is the problem, what is illegal gambling? Under which law? So they can basically do what they want. Payset has also in their terms:
"(ii) use the Services to pay for, support or otherwise engage in any illegal gambling activities, fraud, money-laundering, terrorist activities, or other illegal activities;"
I just hope they do not see that as illegal activity, since I am not participating in Gambling, I just get paid by gambling providers
Payset gives me the following pricings:
Opening fee: 495gbp
Monthly fee: 99gbp
Receiveing Money worldwide: 0.75%
Most expensive I have ever seen so far
So If I get my 400,000$ to payset, it costs me immediately 3000$
I registered with 3s Money, and have also sent my documents to them for sending out the 400,000$ because I want to buy a digital asset. My account manager in 3s will let their compliance team check that before I even sent the money to 3s. Hopefully this works
Is it? What's the difference? They just look like synonyms to me.
Talk to the banks/EMIs, explain what the transaction is for, and get them to pre-approve it.
Yes that is what I am doing right now. But I don´t have much time as the sale has a deadline.
It is indeed. If it is unlawful it means it can be maybe not regulated and has not established any laws to it. And illegal is as it says, illegal and pretty good defined by law
Since it is being done for Gambling companies I guess. Because it is affiliate marketing.
Marketing is often used as a front for other transactions. Transaction amounts can vary wildly and it's very tedious to verify that the services were provided, which makes it popular for moving large sums of money around. It doesn't exactly help when the marketing is for another high-risk activity.
I opened accounts with 3s Money, mano.bank, payset. but not sure yet where I will transfer the 400,000 to. Mano bank are extremely gambling friendly
Typically you can take it/characterize it as a shareholder loan if it is a short period and then repay it to your business' new account once you're happy with your new banking set up (even better if you can do it within your company's fiscal year).
