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The post rambles for a long time and slings some mud against braintree. Their claim is that they couldn't do a wire transfer from their merchant account to thei
by zitterbewegung 10y ago
The post rambles for a long time and slings some mud against braintree. Their claim is that they couldn't do a wire transfer from their merchant account to their business account. Looking on braintree's website they don't appear to support Serbia. https://www.braintreepayments.com/en-si/country-selection?referrer=https%3A%2F%2Fwww.google.com%2F https://www.braintreepayments.com/en-si/country-selection?re...
- daenney 10y agoDoesn't it make you wonder how they got a merchant/business account then in the first place? Because if Braintree doesn't support Serbia, CAR:GO shouldn't be able to be on it. But it seems they are. And if they don't support Serbia, how come they've accepted funds?
- dewey 10y agoHe replied to that question on FB: "We had to open a company and a bank account in the EU."
- daenney 10y agoAh, that solves that mystery. Thanks! Also means that them being a Serbian company hasn't really got anything to do with why they had issues with Braintree.
- kolinko 10y agoNot necessarily. E.g. for PayPal you need to provide company president's home address in a given country. I had a company and a bnak account registered in UK, and PayPal didn't want to do business with me, because I lived in Poland. I couldnt register for Polish paypal either, because the company was in UK.
- CCing 10y agoHow you've opened the bank account in uk without been resident there ?
- milkshakeyeah 10y agoYou can register and run business in UK while still living in for example Poland. Guess that was business account.
- Anderkent 10y agoOpening a business account when not a resident isn't hard. It's personal accounts that require proof of residence.
- kolinko 10y agoActually, it was quite difficult too. Which is crazy, considering Poland is/was a part of the same union...
- Anderkent 10y agoHuh, I thought Barclays and HMBC have 'walk-in' international banking accounts. They're strictly speaking 'offshore' accounts but usually what you care is having an account with a british bank, rather than having an account that is legally in UK.
- markdown 10y agoYou don't need to be resident there. The same applies in the US, except in most circumstances you have to be physically present at the bank to actually open the account.
- vidarh 10y agoYou don't need to be physically present with most banks though their frontline staff might tell you that. You will face extra requirements to prove your identity if you can't show up in person, though. E.g. when I opened my first US bank account the bank required me to get a copy my ID documents notarised, and wouldn't accept just any notary public, it had to be notarised by the US consulate.
- CCing 10y agoSeems that they have a company in UK...not sure what bank accounts they use(usually they don't open you a business bank account if you're not resident...at least this did happen to me)
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- sova 10y agoIf they are using USD I fail to see how country even plays a role. It makes sense if you are converting currency, you want to have a local office to keep some sort of buoyancy. However, if the currency matches your origin, then you can do digital business anywhere there's an ip address. I fail to see how country can play a role in what is presumably an entirely USD-based transaction.
- nathanvanfleet 10y agoBecause... you assume... that just because its USD means that it is through US accounts? You can be Canadian and have a bank account in US dollars. But the way to transfer money would be the Canadian system.
- kolinko 10y agoDifferent regulations regarding money transmitting businesses in different countries. Different countries require different paperwork from money transmitters, and you have tomcomplain with it. If you could just follow your country's red tape, all the money transmitters would just operate from an unregulated tax heaven...
- CalChris 10y agoApparently Serbia is 'supported' although to what degree is unknown. Specifically, the dinar is supported. https://developers.braintreepayments.com/reference/general/countries/ruby https://developers.braintreepayments.com/reference/general/c...
- biot 10y agoWhat you linked to is a list of countries for the address of the purchaser. It's possible for a payment processor to only accept merchants in the US, for example, while allowing that US merchant to accept purchases from any country in the world.
- nkkollaw 10y agoWhy did they let them sign up and receive payments, though..?
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