Non-resident with LLC in US - Opening Payoneer Business Account

bojan121bojan121 Posts: 2Member
Hey there,

I’ve been using payoneer for many years now, and would like to known whether it is possible to open a business account for a LLC in Wyoming, USA. The funding sources to that account will be mainly through Amazon, Google AdSense, and other affiliate marketing networks.

- I do not, however, reside in the US. Will this be a problem, considering that I’m the owner of the LLC?

- Which documents you’ll need, so I can know upfront and obtain them from the institutions of the United States before applying for the account?

- Will this business account be able to make payments to independent contractors, or make wire or ACH transfers to local bank accounts in other countries (in the same currency)?

- I would like to keep my business account separate from my personal account. Will I be able to log in into this account separately, as a business/legal entity?

- When I’m making payments to independent contractors – which name is listed for the transaction – my own or that of my business?

- What rates do you apply when transferring funds? Are they the same as with a personal account?

Answers

  • KazPayoneerKazPayoneer Posts: 253Confirm Email, Member, Administrator ✭✭✭✭✭✭✭

    Hi @bojan121, glad to answer these questions.

    1) It won't be an issue if you reside in the US if the company is based in the US.

    2) We'll ask for a certificate of incorporation to verify the company account.

    3) The account will operate exactly the same as a personal account, with a difference being the company's name showing up on the account. So all eligibility requirements to send and receive money that apply to a personal account would apply for a business account.

    4) You'll be able to login with a different set of details, yes. A business account is a new account, independent of the personal one.

    5) The business name will be listed when payments are made. But, again, all eligibility requirements for sending payments that apply to a personal account, apply here.

    6) No special rates with a business account - same thing as a personal account.

    Thanks!

  • bojan121bojan121 Posts: 2Member
    edited March 1
    > @KazPayoneer said:
    > Hi @bojan121, glad to answer these questions.
    >
    > 1) It won't be an issue if you reside in the US if the company is based in the US.

    Hey @KazPayoneer , thank you, can you just confirm that in the above answer you meant to say ''It won't be an issue if you DONT reside" because that's what I've asked, right?

    Thanks.
  • KazPayoneerKazPayoneer Posts: 253Confirm Email, Member, Administrator ✭✭✭✭✭✭✭

    Hello @bojan121,

    It won't be an issue if you don't reside in the US, which is what I meant to say.

    Thanks

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