Quote:
Originally Posted by x-rate
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Why not using a Canadian bank? Because they are not open minded for such business! I know lot of people into the check cashing business and to open up their bank account now you need to find some small credit union in Ontario or Alberta that just open up etc... you jsut cant walk in one of the major 8 banks and say you want do such business so imagine if you want open up a setup to issue mastercard to people in all the world, mostly working into porn (you gotta say it otherwise they would find it anyway), people will be able to transfert money between them etc etc etc.... FORGET IT just FORGET IT!
So what do you prefer? Deal with a canadian company that deal into Belize OR they could hide behind a Belize inc also and THAT WOULD LOOK SHADDY.
P.S. For all thoses canadians that gonna tell me that Moneymart (instacheque in Qc) deal with RBC and not a small credit union: Of course because one of the owner is a ex-VP of RBC...
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what x-rate is saying is entirely right. It's very difficult to get a stable business relationship with a Canadian bank when you deal with the adult industry. Names are easily recognizable (bankers watch porn too) and they ask question after question until we were spending more time in meetings with the bankers than running our business.
It doesn't take long before you get the feeling you're unwanted, and we didn't want to be in that position. As a result, we have dispersed our bank accounts across the globe, and we deal with several countries. We have strong business relationships in Romania, and it was our choice to direct funds there, as it is also part of the EU, and we feel secure and protected by the EU banking legislation. We provide the same guarantee to our clients and as we stated before, once the money is in paxum we guarantee the funds and it is our responsibility to cover it in case of any holds or issues with any of our banking partners. We also bank in Belize as you all know, as well as Cyprus, Germany, and other countries, and the funds are distributed among several accounts based on different needs of our clients worldwide.
We are a business and we are trying to make the best out of every situation.In the end, it's our job to forge these relationships, and make sure everyone gets their money. If anyone is willing to help out in helping us do better, we're always listening. Obviously 'get an account in Canada' is not really helping anyone, unless you are the president of a Canadian bank and can guarantee a smooth operation the same way we have with our other bank accounts in order to keep offering a great product at a great price.