Need help finding bank in EU that allows adult content
 

Hi everyone,

I'm creating a new erotic photo and video membership site. The content is soft core, nude girls posing and masturbating. We will launch in 1 month. I live in EU and I need a a business account in a EU bank.

It seems that this will be much harder than I thought. So I want to hear advice from other site owners that also operate in EU. How did you solve this problem finding bank in EU that allow adult content?

If you are shy about it send me PM :-)

this is not so secret just check what other porn companies do, they registered in Sweden, France, Estonia, Spain, Cyprus, if you don't make hard core it should be easier

https://www.youtube.com/watch?v=xJspxwJn0Xk
https://en.wikipedia.org/wiki/Pornography_in_Europe

Hi Tomash999,

Thanks for the links!

My problem is not finding a EU country to register a company in as that part is already taken care off.

I have checked what other porn companies have done and I'm aware about several companies registered in Europe. But I can't find any info about which bank they use to receive the money they earn from the payment processors.

I have talked with banks in Estonia, Latvia and Sweden and they all say that they don't allow companies that sell adult content.

My website is soft core. Only solo girls posing nude and masturbating. So its 100% legal adult content.

So is there a bank in a EU country that allows adult companies? Or does all porn companies fly under the radar and never mentioning that they sell porn online?

I need information from members here that own European companies and have successfully opened bank account in the EU.

How do I set up a EU bank account without the bank rejecting my application?

If I lie, I might get away with it, until the truth comes out someday, and then I have to start all over again. Also risking that they freeze the money in my account.

So I prefer to play with open cards and have a bank that is 100% OK with my porn company.

I will sleep better that way :-)

money earn from payment procesor are clear! no sperm on it! i don't see problem why you can open an account in your local branch, what is your origin if you have a legal company you have legal right to open any bank account in country where you live! so go forward with your payment processors this is noting to bank, when you transfer money from payment processor to your account money is nice and clear.

so what id your problem?

maybe the problem is that you want a business loan? It is understandable since it is under the category of a high-risk business.

assuming the girls that you work with are europeans, what is their solution?

other than that, if you receive money from any payment processor to your bank account, they shouldn't care about anything. I don't see the point to mention exactly what your business is either. they should see you as a film company, their only job is to keep your money safe.

That's what I think too.

Try contacting Bank of Cyprus or other banks in that country, see if they allow it.

business loan might be a different thing, but OP askked about receiving money and that shouldn't be a problem. thousands of adult wbmasters receive payments to their regular bank accounts without any issues.

I agree that banks shouldn't care about what my business is! They should only protect my money!

But that is not how the banks work today in Europe and most likely in USA.

I don't need to take a business loan. I'm aware that lots of adult web masters receive money to their bank account. That's why I need to know what the trick is? How did they do it?

Are any of you web master with EU bank account by any chance?

Or am I naive thinking I can simply be honest about mu business and they will accept it?

Do all other web masters lie and tell them they are a web design company?

Since 9/11 the laws have changed dramatically! For example if I want to deposit cash into my personal bank account I need to fill in a form answering questions where the money comes from. According to anti money laundering laws and regulations.

When I asked a Estonian bank about opening a business account they told me adult content is not allowed as it violates their Acceptable Use Policy!

They also require you to fill in information about the URL of your website.

I have pasted part of their AUP below so you can see for yourself how crazy it is!

Prohibited Activities
It is prohibited to use the Banks service for activities related to transactions involving:
1. illegal products or services;
2. narcotics, steroids, certain controlled substances or other products that present a risk to consumer safety or any activity that relate to drug paraphernalia;
3. electronic cigarettes related products;
4. items that encourage, promote, facilitate or instruct others to engage in illegal activity
5. stolen goods including digital and virtual goods;
6. items that incites hate, bestiality, mutilation, violence, racial intolerance, or the financial exploitation of a crime;
7. item related with depiction of sexual acts with persons being under the influence of intoxicating agents, hypnosis or with sleeping persons;
8. items that are considered obscene, or sexually oriented materials or services;
9. live animals or endangered animal species;
10. connected to the selling of on package travel, package holidays and package tours as defined in the Council Directive 90/314/EEC;
11. connected to services where the service provider collects money on behalf of others as a payment services provider;
12. virtual, digital or cryptocurrency related activities, sale of vouchers, value cards or valuable usable ?chips?;
13. involving ammunition, arms, or related parts or accessories;
14. the sale of traveler?s cheques or money orders;
15. promotion or advertising of products or services other than your own without appropriate authorisation;
16. gambling, betting activities, lotteries or sale of value usable usable ?chips? or vouchers connected to this services;
17. collecting money without license when compulsory in the account owner´s jurisdiction;
18. multi-level marketing programs, matrix programs or other similar programs;
19. programs, materials or services related to get-rich courses or related to increase your wealth or gambling;
20. sale or distribution services based on offering telephone or chat services regarded as being of a sexual nature;
21. financial or escrow services;
22. factoring, lending or investment services;
23. selling stocks, bonds, securities, options, futures or an investment interest in any entity or property;
24. dating services;
25. haspiritual or worshiphaservices or products;
26. products or services related to the Second World War;
27. jewels, precious metals and stones;
28. bath salts or herbal products;
29. modification chips;
30. payments to or from accounts in OFAC listed sanctioned countries;
31. Ticket resale.

Try First Pornabanc NA :1orglaugh

https://s26.postimg.org/s1lculrrd/pornbabank.jpg

There ain't no such thing really. In fact, I was told you can charter a private bank in Luxembourg with just 9 million Euros capitalization.

Look for a bank that is real shaky. Publicly traded bank who's common stock has perilously fallen ... they won't ask too many questions.

It's about reputation management on the banks' part. You are not that important even if you have over $1 million on deposit -- except to a bank the needs the capital badly ;)

You talking shit for example AFF use Wells Fargo a fucking big bank based in fucking USA - fucking funded over 150 years ago bank! so fucking where is your problem?

Is a fucking payment processors! mostly use a fucking paxum or fucking payoneer or even a fucking paypal! yeep you can get fucking dirty fucking porn money via fucking paypal

for fucking example me, I use with fucking TSB and fucking Barclays for fucking years.

No fucking they will no accept you normal they don't accept adult business due a fucking hiigh risk of fucking charge-back - this is a fucking reason why 90% users in this fucking business use a fucking PAYMENT PROCESSORS

fucking advertising with is a fucking 100% true.


And fucking ending od story words you are base in Sweden and looking for a bank in Estonia, well fucking good idea - this is a fucking clear to your tax office to give you post letter with some questions

So in that case, with the exception of chartering a bank in Luxembourg for 9 million Euros. How do the other adult websites of decent size manage to use a business account in their bank without any issues?

There are lots of opinions here, but so far no actionable information from a adult webmaster that have already solved this problem.

If you don't want to reply in public view I totally understand that! Then send me PM. I'm willing to reward anyone with money that can give me solid advice how to set up a bank account in EU or even better provide me a good contact with a bank manager they know 🙂

If the answer is that you can't set it up by being 100% transparent, then I will get that confirmed so I don't have to burn my bridges by asking every bank in EU just to get a NO!

Why you need bank account?

I think it's unlikely that any bank will welcome you with open arms if you tell them it's for porn. Unless you're huge already.

I believe you found the answer already. People don't tell their banks. It's an internet business, running websites, planning to open ecommerce shops, etc.

Use a bank friendly business name.
If you have money wired in (or ACH/EFT) from known adult processors or from adult businesses they will know what you are up to.

Even the big companies have issues with 7 or 8 figure money flowing through every month -- even more so -- as the bank will want to know where the money is coming from ...

Interesting! It seems to be easier to do business with US banks. Or maybe its just because AFF is a fucking big fish with lots of fucking money that makes Wells Fargo look the other fucking way?

I heard about Paxum, but I'm reluctant to use them since they got fucking bad reputation and some even say they are a fucking scam! Payoneer looks really interesting though! PayPal less so as they are known to freeze funds / accounts for no fucking reason! So seems a bit risky as you never know when they might fucking turn on you.

Interesting! Tell me more :-) Did you tell them the nature of your business or just that you do Internet marketing and then use Payoneer to withdraw money to your TSB / Barclays account?

Yes I heard about the charge back being a major reason for their lack of interest dealing with porn companies.

Point taken!

So I will just wake a sleeping bear going to banks outside Sweden? So basically use Payoneer and withdraw to my Swedish bank.

That's a good question! Only reason to be honest is long term storage my money and also the EU deposit guarantee protecting depositors savings by guaranteeing deposits of up to ?100,000.

P.S.
I fucking love your fucking use of the word "Fucking" all the fucking time!

This is exactly my concern. I do have a bank friendly name so that should not be any problem. But since we will use one of the biggest adult payment processors the banks will know the names of all big processors by their long experience with these payments.

So will a bank friendly name protect me from this? Probably not.

So by having the payment processor wire money to Payoneer or PayPal and then withdraw money as needed to my bank account, will that be the least risky method you think?

Yep, it seems this is the case. I'm still curious to know if anyone out there have managed to do it fully transparent?

Maybe if your name is Playboy :winkwink:

Go with Nordea Bank Sweden.

yeap very very easy - you need go to usa to open us bank account so is very very easy :)))


Or maybe each adult related company use high risk merchant account to "clear" all payments?


you are sad guy on this point.

and even much more sad guy


Did you know Paxum and Payoneer use same Mastercard with First Choice Bank of Belize

So a very sad guy tell me: if paxum for you is a scam also payoneer should be - correct :)?


I never get a frozen money when juicyad paid me straight to my paypal account! maybe you know story much better? wait for you paxum is a scam - you are the king!


yeap stupid companies like juicyads or plugrush are so so stupid when use paypal - you know better.

What i need tell you? you don't know how to transfer money from your paypal account to bank account? is hard to read guide in paypal site?


In with point i need tell them nature of my business did also joiner or plumber need report to bank each payment? and check if guy don't make money from porn?



I see is hard to understand for you, so sorry but if you are a pizza guy and you make a delivery to guy who deal drugs and he give you a tip is mean in your opinion you are drug diler? well well done from start of this topic you try enplane money of porn are every single money on your bank account.

or maybe for example you have a hosting company and you host huge porn site and escort site - every each month you do to you local bank and you say
"look this 400 euros is for escort hosting" so i'm a PIP
and look on this 500 euros is a fucking for porn hosting - I'm a fucking Larry flint!

no porn companies, high risk, online pharmacy, casino, gambling, porn and in some reason even lingerie, sex shops - each place where is a high risk of using stolen card and refunds.



yeap from my pool of 48929392392909223 points you get 1


no payoneer - they use same card provider like paxum - remember paxum is a scam for you :)

I give you a tip - you can transfer your money for example not one time per year but one time per month - or even one time per week to your bank account from your merchant account - get this tip for free. don't say thanks :)

I'm captain Sweden. :)

http://i0.kym-cdn.com/photos/images/...74/363/df3.jpg

they give a fuck where the money comes from when you do not present it in a long story about adult.

i had this problem once in switzerland and changed to postbank who do not really ask what one is doing.

as soon as you present what you do on a silver plate no bank wants you in europe. even the cyprus banks are quite picky meanwhile when it comes to porn.

there is something in the pipeline coming up soon. i will have the founders of this new b2b-payment solution here in my house in 2 weeks. what i know from this solution so far is that it will include all we dreamed from: including transfer between own accounts sections to change the balance in ALL other currencies and crypotcoins - full SEPA - creditcards - real time wire and much much more. and the best is that the costs will be much lower as on existing solutions.

it looks promising to me and I think it will be available before this year is ending.

What makes Nordea stand out in your view?

Maybe later when my site has grown in size.

Yep agree!


I'm only saying what I have found when searching Paxum online. Seem to be many people that are upset with them. i have not used Paxum so cant tell if the critique is valid or not.
But I love to hear GFY members experience with them.

Nope I did not know that. Again, I'm not saying they are scam or not. I'm new to this and hear to learn from experienced members on GFY :-)

I have not have this happen to me either. But heard other getting banned for life if PP somehow figures out you deal with porn. Having said that, you can use PP to pay for membership sites via Epoch so this might not be as big of a problem now?

Know I'm not saying I'm the king or that I know better. If that's how my earlier post came across I apologize. I'm a beginner and have no problem admitting that :-)

That was not what I asked. I wanted to know if you told your banks you sold adult content or not. I know how PayPal works ;-)


Agree! The answers I get on GFY all points to this. Don't mention porn! :1orglaugh

Yes this is confirmed with every bank I have asked so far :-)


Only 1? Well it's a start at least ;-)


Not my personal view, you tell me your personal experience with Paxum and Payoneer. Which offer best service? Are they both equally good?

Thanks! That was my plan :-)
Hi captain Sweden! Can you please save us Swedes from the evil porn hating Feminazis?

Hi Thommy!

OK, but if you do present it in a long story about adult, then they will refuse you anyway! So better to find a bank who don't ask to many questions. A very rare thing these days!

That B2B payment solution sounds very very interesting! Keep us updated and count me in when they open the doors to their service :thumbsup

You need a US corporation domicile, be an officer of the corporation, and furnish certified articles of incorporation, and if you are not known to that bank personally; a resolution of the board of directors to open an account; or US state documents (e.g.; driver's license and an address) to open a personal bank account in the USA.

You need residency or corporate (legal entity) jurisdiction.

It's a hassle but you could use a filtering bank account for processor payments maybe. If that bank tosses you under the bus you just find a new bank.

Keep 2 or 3 banks active so if one pushes you out you have other alternatives set up.

I have found local or regional smaller US banks easer to deal with than big money center banks. They are more flexible usually.

Sure, if they investigated they might know. But why would they? They don't care in general, and I don't think these companies are flagged or anything. They even have mainstream clients.

Thousands of affiliates and paysites are getting weekly payments from CCBILL and Epoch. Do you think they all told their bank they're doing adult? Or they all have had their bank accounts shut down?

Of course not.

If you get shut down, you don't lose your money either, you'll get a grace period in which you can transfer your money to another bank.

Plus there are more and more digital banks in Europe, where you can open accounts via email/Skype/whatever. And even completely digital banks, like Qonto or Revolut. (I have not used them personally for porn.)

You think CCBill or Epoch banking connection do not know that they are moving *porn money*? What alternate reality are you living in.

I use a digital bank in the USA but they only accept personal accounts -- it's not a problem to transfer funds ACH to one of my other business account banks -- no question are asked when the money comes from another bank (so far). Keep it below the 10K threshold.

I think most affiliate programs (that I have seen) are using non-descriptive names to sent out payments. No one in their right mind sends out Titty&Cunt, LLC payments :laughing-

Seriously do you think ccbill and epoch provide service only for porn payments?