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Old 07-23-2023
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Default Created a Company, got FEIN # and bank account, but.....

I've established a company in the United States which is fully registered at both the federal and state levels. I have obtained a Federal Employer Identification Number (FEIN) and a state retail sales certificate.

The company has a business bank account that shares the same name as the company itself. Although the bank account is three years old and carries the same name as the U.S. company, it's actually a seasoned account with Wise. It has a U.S. routing number and is fully verified. It's registered under a European company that I own, which also shares the same name as the U.S. company.

Soon, I need to go through the Adyen verification process on eBay. I plan on using all my U.S. company details, but I'm uncertain about the Wise business banking part. Does Adyen have a mechanism to determine that the information corresponds to two separate businesses, situated on different continents, despite sharing the same name?
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Old 07-23-2023
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Default Re: Created a Company, got FEIN # and bank account, but.....

wise may lead to restriction or suspension or may just be rejected

in any case it is always better to start out as personal account and upgrade to business later , you don't know anyway if your new business account will be allowed to sell , they may just take it down for no reason
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Old 07-24-2023
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Default Re: Created a Company, got FEIN # and bank account, but.....

Wise won't work as a bank they are blocked by Ebay (at least the last time i tried)

You are best starting as personal then upgrading to bussines when needed

You can use a bussines bank account from the start that isn't an issue just don't use Wise
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Old 07-24-2023
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Default Re: Created a Company, got FEIN # and bank account, but.....

You can open a personal bank account, do not use wise it will get you suspended, plus they are notorious for closing accounts for no reason and holding the money for a long time.
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