US Managed Payments Bank Accounts

[Parkzo]

Any online banks working for US managed payments?

Having trouble with Wise accounts now, not working any more. I am a non-resident so in need of a bank where I can open an account online or over the phone.

[SaiJin]

Online banks are not reliable.

Have you tried registering in UK then go to the .com platform to sell?

[ijusstv718]

you need a major bank bro

[Parkzo]

Originally Posted by SaiJin

Online banks are not reliable.

Have you tried registering in UK then go to the .com platform to sell?

Fees are a lot higher, but looking like the only option until I can get an account with a major bank.

Anyone been able to open an account with a major bank over the phone?

[sunsets]

you can get chase and wells fargo online

[rsot]

Originally Posted by sunsets

you can get chase and wells fargo online

As a UK resident? You have done it?

[agent006140]

you have a US social security number?

[Parkzo]

Originally Posted by sunsets

you can get chase and wells fargo online

Did this work for you as a non-resident?

[Parkzo]

Originally Posted by agent006140

you have a US social security number?

No but I have an ITIN and EIN.

[sunsets]

Originally Posted by rsot

As a UK resident? You have done it?

I got it from a friend. He helped get the bank accounts.

[JamesNorth101]

Usually its just Wise business accounts that work

Are you using a business or personal WIse account?

[sunsets]

Originally Posted by JamesNorth101

Usually its just Wise business accounts that work

Are you using a business or personal WIse account?

2 accounts. I have both business and personal. Both works great.

[Parkzo]

Originally Posted by JamesNorth101

Usually its just Wise business accounts that work

Are you using a business or personal WIse account?

I tried using a Business Wise account. It gives an error when trying to add the bank details.

I should add that I have older eBay US accounts with Wise accounts connected and they are receiving payouts no problem. It's just new accounts or trying to change the bank account to Wise where I am having problems.

[Parkzo]

Originally Posted by sunsets

2 accounts. I have both business and personal. Both works great.

Business and Personal Chase / Wells Fargo accounts or Business and Personal Wise accounts?

[SaiJin]

Originally Posted by Parkzo

Fees are a lot higher, but looking like the only option until I can get an account with a major bank.

Anyone been able to open an account with a major bank over the phone?

Huh? It's just a couple of quids innit?
It's the cost of doing business... don't cut corners

[Parkzo]

Originally Posted by SaiJin

Huh? It's just a couple of quids innit?
It's the cost of doing business... don't cut corners

There is an international fee for UK accounts selling on other sites, plus currency conversion fee, plus the terrible exchange rate eBay use. The %'s are quite significant vs running a US account. Yeah it can be factored into profit margins but if it can be avoided why not avoid it.

For me I already have the US accounts with my real details that I want to use. Wise won't even work with matching names and real details.

A lot of the online only banks are blacklisted

Not all of them are, but the remaining ones aren’t shared to avoid getting them blacklisted as well

[Xilla]

Mercury seems to issue for non-residents.

[rsot]

Originally Posted by sunsets

I got it from a friend. He helped get the bank accounts.

Congrats are in order - hope his access to your bank accounts won't cause you issues

[Gotya108]

Originally Posted by Xilla

Mercury seems to issue for non-residents.

Just to note, Mercury is business only and If you are a non resident trying to apply for an account you`ll need a passport, they don`t accept National ID cards for residents of most countries. We work with them daily and they`ve become more and more strict with national ID`s and international addresses. Also make sure your business is fully documented. Articles and SS-4 won`t cut it anymore with them. They`ll only request that info on the initial application but will request more documents 24 to 48 hours later. Also Mercury is a fintech not a bank so while they are more lenient then say Chime or some of the other digital apps who`s accounts are furnished through The Bancorp, Metabank, green dot, etc, their compliance department is very active. Too many transactions that look personal and they`ll be sending an email. They offer a great product, if you don`t abuse it.

[Parkzo]

Originally Posted by Gotya108

Just to note, Mercury is business only and If you are a non resident trying to apply for an account you`ll need a passport, they don`t accept National ID cards for residents of most countries. We work with them daily and they`ve become more and more strict with national ID`s and international addresses. Also make sure your business is fully documented. Articles and SS-4 won`t cut it anymore with them. They`ll only request that info on the initial application but will request more documents 24 to 48 hours later. Also Mercury is a fintech not a bank so while they are more lenient then say Chime or some of the other digital apps who`s accounts are furnished through The Bancorp, Metabank, green dot, etc, their compliance department is very active. Too many transactions that look personal and they`ll be sending an email. They offer a great product, if you don`t abuse it.

Mercury doesn't work any more either, at least it does not work on my new accounts. Still attached and working for payouts on my existing old accounts. The Mercury accounts are supplied by Evolve Bank and Trust, same as Wise, so I believe they may have blacklisted this provider. Only speaking from my recent experience. Interested to know if anyone else has managed to attach Mercury or Wise accounts lately...

[SilentHill]

Mercury bank is great bank for business.