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Nice work Patrick. In regards a request please cover how non-US based people can open a real US business bank account.

patio11 10y ago
I think Atlas' answer is "Use Atlas." One reason the product exists is to solve this problem in a fairly predictable fashion. We hope to write more about banking specifically at some point, including (if I have my druthers) about KYC, which you've previously mentioned has been a pain point for you in attempting to get an account opened from overseas. KYC is not an absolute blocker; particular strategies for accomplishing it are something I'll have to write about another day.
scardine 10y ago
Do you need a real bank account or just a routing number? If you are a freelancer/contractor and just want to receive payments, a routing number may be enough. I have a Payoneer pre-paid card, it gives me an account number US customers can use in order to send me wire transfers. My affiliate link is bellow - you get $25 more first time you receive 100 bucks using it (I get another 25). https://share.payoneer.com/nav/fvwULgacjt7YwEJtAUtbRxP2b3VfaGlaTIuNRvYueMlS4AC6lSkd-lzVkef5QqptgA8BDfB51nouT1kIBnZ_wg2 https://share.payoneer.com/nav/fvwULgacjt7YwEJtAUtbRxP2b3Vfa...
- danieltillett 10y ago
  Payoneer is not really a solution for a serious international business selling into the USA. 1. They use First Century Bank for the routing which does not have the greatest reputation. 2. You can only get paid out in your local currency (at least for Australia where my business is based) and the exchange rate is terrible. This is a really killer. 3. The fees are very high. 4. They seem rather prone to cutting people off and having very poor customer service in regards resolving issues. They don’t appear to be worse than paypay in this regards, but I would not be keen to have hundred of thousands of dollars in transit with either company.

I think Atlas' answer is "Use Atlas." One reason the product exists is to solve this problem in a fairly predictable fashion. We hope to write more about banking specifically at some point, including (if I have my druthers) about KYC, which you've previously mentioned has been a pain point for you in attempting to get an account opened from overseas. KYC is not an absolute blocker; particular strategies for accomplishing it are something I'll have to write about another day.

scardine 10y ago

Do you need a real bank account or just a routing number? If you are a freelancer/contractor and just want to receive payments, a routing number may be enough. I have a Payoneer pre-paid card, it gives me an account number US customers can use in order to send me wire transfers. My affiliate link is bellow - you get $25 more first time you receive 100 bucks using it (I get another 25). https://share.payoneer.com/nav/fvwULgacjt7YwEJtAUtbRxP2b3VfaGlaTIuNRvYueMlS4AC6lSkd-lzVkef5QqptgA8BDfB51nouT1kIBnZ_wg2 https://share.payoneer.com/nav/fvwULgacjt7YwEJtAUtbRxP2b3Vfa...

danieltillett 10y ago
Payoneer is not really a solution for a serious international business selling into the USA. 1. They use First Century Bank for the routing which does not have the greatest reputation. 2. You can only get paid out in your local currency (at least for Australia where my business is based) and the exchange rate is terrible. This is a really killer. 3. The fees are very high. 4. They seem rather prone to cutting people off and having very poor customer service in regards resolving issues. They don’t appear to be worse than paypay in this regards, but I would not be keen to have hundred of thousands of dollars in transit with either company.