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  1. #1
    Syndicate is offline Public Member
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    Default Bank accounts used by curacao licensed operators

    I'm just doing a bit of exploration, and i thought some of you guys might be able to help me with this!

    Which banks are Curacao licensed operators using?, and in which country is the bank located?. I know many of the agents i use have recently had bank accounts closed, and one of the big boys at Pinnacle told me it's also a problem for them.

    I'm asking here since many of you receive payments from Curacao operators. And, while i realise that they use other payment methods and management companies to pay invoices, it's just possible you might no were the customers transaction is going (bank transfer).

    Looking forward. Banking is the biggest issue to companies using remote licenses, and that's especially the case when you are not allowed to bank locally!

    Any ideas? - thanks in advance!

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    vd752 is offline Private Member
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    Curaçao banking options available locally: Maduro’s, Curiels (MCB) Bank (https://www.mcb-bank.com/), GiroBank.net.
    But don't remember to receive anything from a Curaçao bank. Currently we don't accept any wire transfers from non EU operators, but I remember that some used BoV, some wirecard in the past.
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  4. #3
    vd752 is offline Private Member
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    but it's not a good idea to discuss such things in public
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    Syndicate is offline Public Member
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    Thanks - Bookmakers don't use Curacao banks, because they wont accept them. BOV, Sparkasse Malta (Austrian one - not German) used to, but not anymore (same has Gib bank). Wirecard need an EU entity (sister company) and are used for card processing!

    I partly agree by not discussing in open, but their is little way around (asking) it if you are trying to learn something new. And, if it's a bank that's paying out thousands of clients, it shouldn't be an issue.

    Quote Originally Posted by vd752 View Post
    Curaçao banking options available locally: Maduro’s, Curiels (MCB) Bank (https://www.mcb-bank.com/), GiroBank.net.
    But don't remember to receive anything from a Curaçao bank. Currently we don't accept any wire transfers from non EU operators, but I remember that some used BoV, some wirecard in the past.
    Last edited by Syndicate; 4 April 2017 at 8:56 am.

  6. #5
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    I had the same doubts recently. I know that it is boring from me, but the future for "companies using remote licenses" are cryptocurrencies, at least for b2b. I am also often thinking why Pinnacle already does not have bitcoins as option both for affiliates and players. Instead of it they are withdrawing from market after market, even where it is not even necessary.
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    Quote Originally Posted by Syndicate View Post
    recently had bank accounts closed
    !
    At which bank did this happen and was the bank account in the name of the Curacao company?

    As far as I know there are still quite a few banks in the EU which will allow you to open an account but all of them require a subsidiary company either in the EU or in the country of the bank.

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    Quote Originally Posted by WagerJoint View Post
    At which bank did this happen and was the bank account in the name of the Curacao company?

    As far as I know there are still quite a few banks in the EU which will allow you to open an account but all of them require a subsidiary company either in the EU or in the country of the bank.
    Thats right. The days are gone where you open a Swiss bank account for a shady caribbean IBC
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    Syndicate is offline Public Member
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    It was a Maltese bank!

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    Quote Originally Posted by eenzoo View Post
    Thats right. The days are gone where you open a Swiss bank account for a shady caribbean IBC
    It is still possible. Just not automatic. You have to have a story. For bookies it is probably very hard, because Switzerland is very anti-gambling. But marketing is a different story.

    Nitpicking: Swiss is not EU.

    But yes there are still banks in EU, even in country where you are now, which open accounts to "caribbean IBC". If you have the story and rather know the right people.
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  11. #10
    Syndicate is offline Public Member
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    If you don't know how to speak with banks - no chance. Setting something up offshore is relatively straightforward, but that's more for invoicing and dependent on were you are located.

    Quote Originally Posted by Sherlock View Post
    It is still possible. Just not automatic. You have to have a story. For bookies it is probably very hard, because Switzerland is very anti-gambling. But marketing is a different story.

    Nitpicking: Swiss is not EU.

    But yes there are still banks in EU, even in country where you are now, which open accounts to "caribbean IBC". If you have the story and rather know the right people.

  12. #11
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    Agreed. Speaking with banks is very hard soft skill. To live in USA is no-go. To live in EU is usually an obstacle as well.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

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    Triple7 is offline Private Member
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    Besides speaking, it's also knowing the right people and about what kind of company we're talking.

    It's kind of a difference if a stock exchange company wants to open an account for a offshore-based office/agency or if some to-nowhere-connected-Belize-company with a trust wants to open a bank account in Europe.

    All Curacao payments I am receiving are coming from within Europe, but sometimes not directly from the Curacao NV.

    If you're starting something now, I wouldn't consider Curacao. Its reputation is getting worser and worser and every year it's getting more difficult for this kind of offshore companies to act in Europa.

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