Transferwise account closure - and they seem to intend to keep my funds...

[Perffy]

I had never had a problem with my bank, but there is always first time. Can you please tell me what other payment options do you recommend as gambling affiliate?

If you had gambling related transactions like from affiliate marketing, then you are at any bank at risk of account closure and TW has it now in their TOS even.

Even the banks that wanted my business few years ago now show me a door. Sometimes they say sorry, sometimes they say nothing. But there is no need to warn people IMHO - it is a current situation everywhere. Everyone has to be warned that this system overall goes to hell, that your money in any bank is not "yours" like gold bullion or bitcoin in your hand.

[Sherlock]

I can not answer to that question easily. It is like if you ask me "How do you recommend to drive fast on highway?".

There are many variables and it is up to you to figure it out and everything is bad overall. For example I still believe that Paypal and EU licensed operators are ok for EU based affiliates. But when I think it is "ok", it means it is 99% secure.

Transferwise is for sure thinner ice in terms of account closure, but I do not believe they would steal money (in EU, they would have really hard times because consumers have quite high protection). Same is about banks. They come and go.

There are no other payment methods. There is just fiat and crypto.

All ewallets are defacto banks with banking licences or some weaker ones (in EU I think there are 4 licences for banking institutions, the banking licence is the most strict). But even the weaker licences are not a winner, because the non-banking financial institution is regulated by the bank where they have an account.

Then the crypto is perfect, unless you need to convert it to fiat. Then you have not just the gambling problem, but crypto&gambling problem.

The best is to be a good client. Which means you have to be a gambler at the bank. That means you have to buy the useless stocks/bonds, which will be soon useless and you have to pay much higher fees than at online platforms. The best is if you start to trade or if you take mortgage from them (I do not suggest that, I suggest the opposite, but that is what the banks expect from you). If you deliver the money with spending money with them (they will call it investing and flatter you how wise you are), then the bank will show you boot with lesser probability.

Bottom line is that this world goes to hell. And one of the paths is negative interest rates. And one of the subpaths is that negative or zero interest mean that if you are a client at a bank, they are losing money with you, if you just use the bank for sending money in and out. Situation is even worse in Europe, where bank card fees are heavily pushed towards zero, so banks do not make much even if you pay by card.

We are just waiting for implosion of the system. Until then everything will be just worse. There really will be no politician, who will come and say: "look half of the businesses have a problem because of overregulation, let's revert it a bit". No, there will be more regulation, more taxes.

If you are a woman, give blowjob to your banker. That is the best investment ever.

[MMM]

The best is to be a good client. Which means you have to be a gambler at the bank. That means you have to buy the useless stocks/bonds, which will be soon useless and you have to pay much higher fees than at online platforms. The best is if you start to trade or if you take mortgage from them (I do not suggest that, I suggest the opposite, but that is what the banks expect from you). If you deliver the money with spending money with them (they will call it investing and flatter you how wise you are), then the bank will show you boot with lesser probability.

The advice in the end:

https://youtu.be/usfiffjWby4

[FreeSpins]

Is Payoneer a solution?

[Malikbhai]

Europe is effed. So is the US. Asian and Middle-Eastern banks generally tend to be more lenient.

Never go for any UK or US bank. That should be the baseline.

[RedFoxLotto]

Just an update - Transferwise now finally transferred the remaining balance. BTw they also closed the account of one gambling-related company that I was receiving money from, right at the same time. So, yes, it is safe to assume that the gambling part was the problem.
I have been talking to jeton.com about a bank account, they are ok with a gambling related business model. You need an LTD or similar though, no private bank accounts. Only issue is that they ask for a lot of documentation on my company which, due to travel restrictions, I canot provide right now.
If anyone has any suggestions, please feel free to post.

[RedFoxLotto]

Is Payoneer a solution?

Nope, same issue with gambling.

[MMM]

Just an update - Transferwise now finally transferred the remaining balance. BTw they also closed the account of one gambling-related company that I was receiving money from, right at the same time. So, yes, it is safe to assume that the gambling part was the problem.
I have been talking to jeton.com about a bank account, they are ok with a gambling related business model. You need an LTD or similar though, no private bank accounts. Only issue is that they ask for a lot of documentation on my company which, due to travel restrictions, I canot provide right now.
If anyone has any suggestions, please feel free to post.

There is one "difference" here from most affiliates, and that in your case as you are an operator that was indeed "gambling" and not "gambling affiliation". I think some do make a difference between the two.

[RedFoxLotto]

Of course. But in my case, it was not me who gave away the gambling part, but the sender of money. My account was in the name of a company with no hint of gambling in its name, whereas the sender's name was clearly broadcasting the gambling part. Ergo, if you as an affiliate receive money from a gambling affiliate program, and if TW or any other bank or service identifies the sender as a gambling company (or their affiliate program), chances are they will close you down as well - guilt by "affiliation" ...

[Sherlock]

... but I do not see the intention to keep the funds

Maybe the name of thread should be changed.

[FreeSpins]

Transferwise closed our bank account 2 months ago - as mentioned above - they don't like gambling. Nothing to do with it I am afraid, we didn't lost a single cent during that process. It's a pity, as they offer great and cheap services.

@mgaming

Do you have any alternative option?