Need bank account for gambling payments

[Sherlock]

If you are a BIG FISH with 6-7 digits per month, you don't have to worry about your banking, almost every high street bank will find a solution for you...

It hurts so much to read random things from the internet. It really does.
What should I do here? Give you access to my banking or emails with banks?

You are 1000000000% wrong. The bigger amounts land to your account the much bigger issues are with it.

This all is ridiculous... Following this lead, one could also say that payment, for example, for electricity from a company that promotes online gambling, is against banking policy, and such a electricity provider should have a closed bank account - this is gambling related! <LOL>.

Even all the legal bookies and land-based casinos should have been blocked in the banking system. This is just double-standards.

I was told that the problem is revenue share. That they would have to do KYC and AML to each bettor. Obviously even that is a nonsense, I am sure they would close account even to the CPA guys.

Simply things make no sense. This setup, where they close our accounts, is simply good enough for them. They do not have to YET close accounts of electricity companies. The progressive movement will come even with that idea.

[iGamingInsider]

Transferwise is, I guess, the best online banking options for you. If Trustly is not available, and Revolut is not working on your region.

[FreeSpins]

Transferwise is, I guess, the best online banking options for you. If Trustly is not available, and Revolut is not working on your region.

NOPE!

Did you see this topic?

https://www.gpwa.org/forum/transferw...ds-254897.html

[iso2009]

Sorry to pop in here, but I work with the same bank for 13 years and they never asked me about payments or needed any proof of any kind.

It is just a business transaction between two legal EU entities - well, from Jan 1st, it will be "Non-EU to EU" because of Brexit.

@hiddenchamp: do you use a company or personal account to receive affiliate payments? Do you have an accountant?

[Sherlock]

That is good for you. It will work until it will not, e.g. until some genius at compliance or programmer changes the parameters of the system. Same as with revenueshare

[iso2009]

Well, when my bet365 account was managed by YMGlory (maybe someone remembers that awful company) I received wires from Panama (in the midst of "Panama papers") and from another jurisdiction which was really creepy, but I forgot the name of the island.

The bank did not ask about anything. However, all operations were (and still are) conducted via a company (Ltd).

My bank is on top 10 Euro banks, not some small local bank. This is why I wonder why so many problems with receiving wires for affiliate betting income in Europe.

[Sherlock]

Yeah, I remember YMGlory, thank god they sent me money from UK/Ireland always.

Either way it is really selective. Each bank has different response time. What my bankers told me, the bank might receive just one payment that USA does not like and they immediatelly push them and blackmail through threats to cut them off correspondent banks (here is interesting what is now happening with legalisation of stablecoins).

Like I have account at Barclays. I never used it for gambling purposes. But there came significant money from questionable countries and they - so far - never gave ****.

Another banks of my business partner do not give a **** about 100K cash payout. No papers, nothing. Elsewhere even few K is raising eyebrows. KLM is the best airline, but AMS Schiphol anal probes for cash are awesome.

I am a bit tired to read threads like this and Q and A about what is working. This is selective. Totally random. Something that does not work for one can work for another. I remember reading a book about jews in some concentration camp. They said that the worst was not the threat of the death, but that the death came also purely randomly. No one knew what was still safe and what was not. We are in the same situation with business on all fronts. It is better to adapt. There is no safe way to do anything. The ones that will try to have the banking friendly bank, Google compliant SEO, all taxes paid etc etc, will never make it anywhere.

You were simply lucky so far and that is it. If I were you I would try to stay hidden as long as it goes. Refuse to contact with banker, because anyone who will look at your account can make things only worse. We are heading to total economic destruction, where in the end nothing will work and then, after political changes, the ones who survive, will be able to use their money again. But it will be different money and the survivors will be also random people (although one can change his own odds). Really this is a one way road. The banking will not be better in 2021 or 2022. For each of us it will either stay the same or will get much worse. Prepare your defensive plans for that.

[FreeSpins]

It's always good to discuss and share our experience on that. This will only help us to create some tactic when looking for new banking solution. Also, it will help some payment providers to understand our concerns and help us survive.

[Sherlock]

I disagree. There is nothing to share, because sharing what exactly is working like for iso2009, who thank god is smart enough not to share the name of his bank, just makes the chances of success of the sharer smaller. This is not like sharing which affiliate program is working, which is helping to everyone.

Gambling is in soft-ban everywhere and it will be just worse. Everyone is on his own on Titanic.

The hope here are stablecoins and their direct spending or direct spending of real crypto. With cards, transfers and everything. That is the only hope. It might happen, but after the total crash of economy. As it was always like that. The new sound money (in this case crypto) is adopted after the previous economic model fails.

[FreeSpins]

This forum is to discuss and help each other in all gambling-related stuff. Nobody asks for sensitive data, just to share general ideals on what to do and/or how to deal with certain situations like bank opening, money transfering, etc. Please also note that being an affiliate and earning aff commission is not a crime provided that you keep all in order and pay taxes.
To conclude, we are all on different "titanics" but still swimming in the same ocean that is full of Bermuda Triangles, sharks, and other some unknown deep water.

[Sherlock]

Being an affiliate is a crime in many countries. Like the Iran. Or I remember guys in Croatia or Serbia were sentenced for promoting the online gambling.

Also I was not talking about crime. Simply everything gambling related is not allowed by many banks, because even when it is legal, it is against their business plan or risk aversion, because the push against gambling is high.

So finding a good bank that allows gambling/affiliate payments is like to find a place in woods, where grow nice mushrooms or strawberries. It is also idiotic to tell others about it, because you know, that others will deplete it and destroy it.

If a bank has 1 or 2 affiliate clients, they can be hidden for control mechanisms, so they can use the bank for years. Once the bank starts to have hundreds of affilates, sooner or later someone will tag one payment and this will lead to profound investigation and all will lose the banking.

So in short: DYOR.

[Juan Roman]

Being an affiliate is a crime in many countries. Like the Iran. Or I remember guys in Croatia or Serbia were sentenced for promoting the online gambling.

Yep, it was Serbia. Not sentenced but spent 10 months in prison and were only cleared of all charges after 5 years. Those were my former employers, I was even called as a witness.

Not that it makes any difference to what you were saying as you do have a point.

[hellokaitlynnn]

It might be better for you to choose an online service because it will not have a bank that will interfere with your payments as well. Hopefully, there are a lot of choices in the future for you because this is a big problem and having that kind of thing being given to you is harsh from the bank. Hopefully, you get a better bank if you plan on continuing your gambling which I am sure that you taking seriously right? lol good luck!

[Sherlock]

https://www.gpwa.org/forum/search.php?searchid=11990350

Hi, tell me, are you a robot?

WTF is an "online service"?

[petjah]

Banks and online gambling is challenging, yes. But that's the beauty of this industry, the beauty of this affiliate game. One day you are the king, next day you are nothing. Your affiliate accounts/players, your rankings in google and your bank accounts.. if you are unlucky, you can lose it all in one day.

[RedFoxLotto]

Just found this thread. About paysera.com - anyone knows if they are still ok with gambling-related issues?

[FreeSpins]

Just found this thread. About paysera.com - anyone knows if they are still ok with gambling-related issues?

No, they suspend accounts with gambling-related payments.

[FreeSpins]

I have got info that some big affiliates use https://www.handelsbank.com/ (German Bank). They also open accounts for non-resident companies. Any experience with them?

[eenzoo]

Once again, its quite individual, ...
#1 I use Paysera for years. No problem with gambling but they will close you account immediately for any crypto related payments.
Same with TW. No problems (yet) with gambling there.

#2 Handelsbank is the German IBan distributor for Transferwise

[FreeSpins]

Once again, its quite individual, ...
#1 I use Paysera for years. No problem with gambling but they will close you account immediately for any crypto related payments.
Same with TW. No problems (yet) with gambling there.

#2 Handelsbank is the German IBan distributor for Transferwise

Its like a Russian roulette, you never know who gets the bullet...