7 ms·

Doesn'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 ab

• dewey 10y ago
  He replied to that question on FB: "We had to open a company and a bank account in the EU."
  • daenney 10y ago
    Ah, 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 ago
      Not 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 ago
        How you've opened the bank account in uk without been resident there ?
        • milkshakeyeah 10y ago
          You can register and run business in UK while still living in for example Poland. Guess that was business account.
        • Anderkent 10y ago
          Opening a business account when not a resident isn't hard. It's personal accounts that require proof of residence.
          • kolinko 10y ago
            Actually, it was quite difficult too. Which is crazy, considering Poland is/was a part of the same union...
            • Anderkent 10y ago
              Huh, 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 ago
          You 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 ago
            You 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.
            • markdown 10y ago
              Mind telling me which bank? I know of only two that'll even entertain this: TD Bank and Silicon Valley Bank.
              • vidarh 10y ago
                Chase was the one I had to go to the US Consulate for. I've also used TD Bank, and some others that I don't remember. The key thing is that a lot of their front line staff may either not know or don't want to deal with the hassle of this for a "normal" account holder. Best bet is generally to get through to whatever department handles high net worth individuals or corporate accounts. Some banks also have special departments handling expats that are used to dealing with the hassle of people who are not present. And even if you're a foreign national, those departments may be able/willing to help. Even if they're not the right ones to handle the account opening (I certainly was not a high net worth client when I opened my first ones) these are the teams most likely to know if their bank allows for it and who to talk to. If you have a lawyer or accountant, my impression is that your odds go up just by channeling your request through them. Presumably it makes them think you're more likely to be a potential high value client. In general this sidesteps a lot of complications with banks. An approach some may allow if they do need you to come in is for you to come in to non-branch offices. E.g. a large bank with a private wealth management or investment banking office in your country may be willing to let you pop in (by appointment) to show your ID there if you find the right person and ask nicely. I get the impression that with a lot of banks just demonstrating that you know about premier/high net worth departments or think to go to a corporate / investment department creates the implication in their mind that you're not a regular customer and should be treated with some extra care just in case you turn out to be important.
      • lukaslalinsky 10y ago
        I have exactly the same problem with PayPal. I have a company in Estonia, including a bank account and everything, but I personally can't open the account because I'm from Slovakia and the moment I enter that, the entire account switches to Slovakia. I have spent hours dealing with PayPal support and they were not even able to acknowledge the problem. Now I have an account that I can't really use for business, because I expect problems whenever I have to move money to the company's bank account. Surprisingly, I'm a happy Braintree customer, despite PayPal owning Braintree.
    • CCing 10y ago
      Seems 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)