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  1. #1
    PokerMarket is offline Private Member
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    Question Bank Account for Poker Affiliate

    Hey dear members,

    I am running a medium sized poker affiliate site.

    Now it's time to get a bank account beside handling all transactions via paypal, skrill, neteller.

    The essential problem is that I got consequently rejected at all banks I applied to. Mostly they said that 'gambling' doesn't fit into their portfolios of accounts.

    My Q. to you is how you got a bank account as an affiliate? Do you recommend any banks where it's easy to get an account as an affiliate for gambling skins?

    Up to now rejected at: Bank of Scotland, Santander, Bank of Cyprus UK entity, HSBC.

    Any help, recommendations & experiences are highly appreciated!

    Thanks!

  2. #2
    baldidiot is offline Private Member
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    What country are you talking about? From you post I'm guessing the UK but don't like to assume.

    I'm also guessing that you're mentioning gambling or poker to them when you apply for an account. If so, that'd be the reason why you're getting rejected as it rings alarm bells in their heads.

    If you're running an affiliate site, then technically your business is online marketing - so tell them that's what you do and don't mention poker/gambling.
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  4. #3
    Panther Casino Affiliates is offline Former Affiliate Manager
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    Hello

    We have bank agent in London that can setup a bank account for G in Cyprus or Latvia ....

    Cyprus can be set up in 7-10 business days and Latvia will take 30 days more or less . If you can wait 30 days i recommend Latvia as the non disclosure laws on who owns bank accounts are truly amazing even though they are in the EU.

    You will need a EU corp and i can give you a link to set up a corp online for about $150 and it takes about 48 hrs to set up online. Plus you will need a EU nominee that can be set up for you b the bank agent or you can provide your own nominee if they have a EU passport.

    If you want the cost of hiring the bank agent, you can mail me direct at marketing@panthercasino.com ...this agent is well know to our company so he will deliver what is promised

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  6. #4
    PokerMarket is offline Private Member
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    Thanks for the input so far, we are located in the UK, Scotland

    @baldidiot: "online marketing" seems reasonable although we also sell poker strategy content as some kind of e-commmerce stuff.
    @Panther, will consider your offer! thanks!

    any other advice appreciated though!

  7. #5
    -Shay- is offline Public Member
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    Quote Originally Posted by PokerMarket View Post
    Thanks for the input so far, we are located in the UK, Scotland

    @baldidiot: "online marketing" seems reasonable although we also sell poker strategy content as some kind of e-commmerce stuff.
    @Panther, will consider your offer! thanks!

    any other advice appreciated though!
    It is still "online marketing".

  8. #6
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    nwalker is online now Private Member
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    I'm with HSBC and the person handling my account setup did need to refer it up to get it cleared, but once they understood it wasn't gambling just reviews and marketing they were fine.
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  10. #7
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    Quote Originally Posted by baldidiot View Post
    If you're running an affiliate site, then technically your business is online marketing - so tell them that's what you do and don't mention poker/gambling.
    Exactly as BaldIdiot says.

    As an affiliate you run a "web business" - "online marketing" - "product promotion" - "online sales" - "information aggregator" - and any number of other buzzwords that are accurate and boring.

    If you sell content too - then you are also an "online content provider" - "online journalist" - "syndicated columnist"/


    What I would NOT do is go through the process of setting up a shell company, and get an offshore bank account with some other person as a nominee to handle it - that's a lot of cost that just is not required as the UK is well served with good banking organisations.

    Offshore banking in Cyprus and/or Latvia? That's for Oligarchs and other people trying to hide money. So it also hints at possible "tax evasion" at the end of the year accounts time.

    The recent banking crisis in Cyprus meant that bank depositors took a 20% "haircut" on their balances. Why would you choose to bank there when you can open a UK account?
    Last edited by TheGooner; 30 December 2014 at 4:26 pm. Reason: more about offshore banking

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  12. #8
    casinovegas is offline Public Member
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    Try barclays business. Good service but as the others have suggested, keep away from mentioning gambling. Online marketing, social media or any other phrases should do you fine.

  13. #9
    thebookiesoffers is offline Former Member
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    co-operative bank took my business account no problem and knowing what I'm involved in. give them a try, fairly decent account charges as well

  14. #10
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    There's no need to mention anything about gambling when you apply for a bank account. If it's a business account and the bank asks what the nature of the business is, simply reply "Internet marketing" "online advertising" or "affiliate marketing".
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  15. #11
    PokerMarket is offline Private Member
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    Lovely input so far, many thanks to all contributors!

    Keywords for the application should be obvious now!

    Any banks you can recommend in the UK, maybe also Scotland?

    Any bank offering fair account prices + multicurrency options (GBP, USD, EUR)?

  16. #12
    thebookiesoffers is offline Former Member
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    Quote Originally Posted by PokerMarket View Post
    Lovely input so far, many thanks to all contributors!

    Keywords for the application should be obvious now!

    Any banks you can recommend in the UK, maybe also Scotland?

    Any bank offering fair account prices + multicurrency options (GBP, USD, EUR)?
    As I said, co-op bank are quite good for this game

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  18. #13
    villa10 is offline Private Member
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    While you make your bank research, you can send your commissions to any of the well known E-Wallets working with gambling. The banks have not promlems in my experience to receive wires from those financial firms.
    If you live in Scotland I think you are eligible for many of those wallets.

    Daniel

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