Need BANKING advice please! - GoFuckYourself.com

NEED4SPEED · 02-14-2021, 09:41 PM

Any adivice on a XXX friendly bank for a new U.S. based paysite!

Thx in Advance

nikki99 · 02-15-2021, 08:35 AM

paxum bank

Sergio · 02-15-2021, 08:51 AM

You need bank in the US? Why do not use offshore banks in other GEOs?

baddog · 02-15-2021, 09:11 AM

Bank of America

baddog · 02-15-2021, 09:12 AM

Quote:

Originally Posted by nikki99

paxum bank

Nice trolling

JesseQuinn · 02-15-2021, 10:10 AM

with any US bank it's best to stay under the radar re: adult. choose a generic company name, don't use any adult profiles in your application description of biz activity

in my experience BoA fucking sucks. still waiting on new bank cards that were supposed to be delivered in November. takes half an hour to get through their automated system and then wait on hold for another 30 mins or so to speak to a real person - and that's on the biz line, not even general cs

also their sms system doesn't work in certain countries

had much better experience with BMO Harris

but yeah, whatever option you choose keep adult under the radar when dealing with US banks

The Porn Nerd · 02-15-2021, 11:25 AM

Quote:

Originally Posted by baddog

Bank of America

Absolutely NOT. BOA will (and has) deleted entire accounts if they suspect your income comes from Adult. Same with Wells Fargo. Stick with Chase BUT name your business something generic with no reference to anything porn or Adult related.

Hinc · 02-15-2021, 12:50 PM

I would go offshore and still keep the name generic

ZENRA · 02-15-2021, 12:57 PM

Quote:

Originally Posted by The Porn Nerd

Absolutely NOT. BOA will (and has) deleted entire accounts if they suspect your income comes from Adult. Same with Wells Fargo. Stick with Chase BUT name your business something generic with no reference to anything porn or Adult related.

It's really a YMMV situation. Wells Fargo has also been said to be OK with adult in previous threads and posts about this and Chase a few years ago went on a closing spree of porn industry accounts (lots of articles on this one).

Your other advice is solid: be generic and play it safe. On top of that I suggest having at least three bank accounts at totally different institutions (3-2-1 backup rule). Outside of First Entertainment, I don't know of any openly 'adult OK' banks in USA unless you're making pretty solid revenue each month (and even then, you'll be on the top of the risk pile).

Edit: there's also this: https://www.occ.gov/news-issuances/n...cc-2021-8.html

Granted, it's from the previous administration and temporary on hold, but perhaps we may see a watered down version of this coming into being (my hope is we'd get something that's limited at least to banks provided basic services--what everyone in this thread is probably looking for--with other things like providing loans axed).

The Porn Nerd · 02-15-2021, 01:06 PM

Quote:

Originally Posted by ZENRA

It's really a YMMV situation. Wells Fargo has also been said to be OK with adult in previous threads and posts about this and Chase a few years ago went on a closing spree of porn industry accounts (lots of articles on this one).

Your other advice is solid: be generic and play it safe. On top of that I suggest having at least three bank accounts at totally different institutions (3-2-1 backup rule). Outside of First Entertainment, I don't know of any openly 'adult OK' banks in USA unless you're making pretty solid revenue each month (and even then, you'll be on the top of the risk pile).

Edit: there's also this: https://www.occ.gov/news-issuances/n...cc-2021-8.html

Granted, it's from the previous administration and temporary on hold, but perhaps we may see a watered down version of this coming into being (my hope is we'd get something that's limited at least to banks provided basic services--what everyone in this thread is probably looking for--with other things like providing loans axed).

Good response, and yes also some great advice! I need to open some accounts in other banks too.

Miguel · 02-15-2021, 01:10 PM

What banks are using those who grows marijuana after it's legalizing in some states?

NEED4SPEED · 02-15-2021, 04:04 PM

Thanks ALOT for all the feedback. Yes, I did set up the entity as a genaric media company & thinking of throwing up a simple landing pg. for any prying eyes. The site would be up under the MAIN company's umbrella as an owned site but basically this isn't: XXX.com owned by XXX, llc.

- I figure monthly transfers from my Payment Processor >> the bank every 2 wks. shouldn't cause any alarm until more $$$ starts rolling in, then I may need open up a 2nd or 3rd acct. I've heard the stories of Paypal seizing accounts and that is def. my main fear - so yes, low- profile will be my route. THX

NEED4SPEED · 02-15-2021, 04:08 PM

Quote:

Originally Posted by Sergio

You need bank in the US? Why do not use offshore banks in other GEOs?

I've been looking at an offshore setup in Cyprus (As I see other paysites either use Cyprus, BV or the Bahamas) and will be exploring that as well.
Not quite sure exactly how the tax structure will work but I've got a good accoutant I can chat with.

NEED4SPEED · 02-15-2021, 04:10 PM

Quote:

Originally Posted by Sergio

You need bank in the US? Why do not use offshore banks in other GEOs?

Quote:

Originally Posted by JesseQuinn

with any US bank it's best to stay under the radar re: adult. choose a generic company name, don't use any adult profiles in your application description of biz activity

in my experience BoA fucking sucks. still waiting on new bank cards that were supposed to be delivered in November. takes half an hour to get through their automated system and then wait on hold for another 30 mins or so to speak to a real person - and that's on the biz line, not even general cs

also their sms system doesn't work in certain countries

had much better experience with BMO Harris

but yeah, whatever option you choose keep adult under the radar when dealing with US banks

Thx, will check out BMO

faxxaff · 02-16-2021, 01:47 AM

As said, multiple bank accounts and a generic company name are the first stop. Avoid working with companies that do contain explicit names. ... or use Bitcoin where possible. At some point your banks will want to see audits. Be prepared to explain in abstract ways.

02-14-2021, 09:41 PM	#1
NEED4SPEED Confirmed User Industry Role: Join Date: Mar 2015 Location: U.S.A Posts: 184	Need BANKING advice please! Any adivice on a XXX friendly bank for a new U.S. based paysite! Thx in Advance

02-15-2021, 08:35 AM	#2
nikki99 Supermodel Industry Role: Join Date: Nov 2004 Location: Sodoma & Gomorra Posts: 22,904	paxum bank __________________ SMC Revenue - Best Tgirl websites of the world now VR Non exclusive BIG Tranny/shemale Package for sale, full 2257 - hit me up skype: nikkimontero

02-15-2021, 08:51 AM	#3
Sergio Confirmed User Industry Role: Join Date: Apr 2019 Location: US Posts: 625	You need bank in the US? Why do not use offshore banks in other GEOs? __________________ Digital messaging and WhatsApp mailing!\|Union Pharm - THE BEST pharm program here! DrBucks-Legend Pharma Affiliate Program!CR 1:1 and 100% approve!

02-15-2021, 10:10 AM	#6
JesseQuinn feeding the wolves Industry Role: Join Date: Aug 2012 Location: between sand and stars in Jamaica Posts: 6,455	with any US bank it's best to stay under the radar re: adult. choose a generic company name, don't use any adult profiles in your application description of biz activity in my experience BoA fucking sucks. still waiting on new bank cards that were supposed to be delivered in November. takes half an hour to get through their automated system and then wait on hold for another 30 mins or so to speak to a real person - and that's on the biz line, not even general cs also their sms system doesn't work in certain countries had much better experience with BMO Harris but yeah, whatever option you choose keep adult under the radar when dealing with US banks __________________ throwing molotav cocktails at the precinct

02-15-2021, 12:50 PM	#8
Hinc Confirmed User Join Date: Oct 2004 Posts: 2,577	I would go offshore and still keep the name generic __________________ webmaster @ adultlist. com AdultList.com - Directory Listings, Advertisements, Hardlinks Loasex.com - Directory and old school TGP - taking submits A few sales/opportunities: High Quality Guest Posts For Sale Network of Aged sites for sales. Get in touch on the email above for info.

02-15-2021, 09:11 AM	#4
baddog So Fucking Banned Industry Role: Join Date: Apr 2001 Location: the beach, SoCal Posts: 107,089	Bank of America

02-15-2021, 01:10 PM	#11
Miguel Confirmed User Join Date: Apr 2004 Location: Serious-Cash.com Posts: 2,978	What banks are using those who grows marijuana after it's legalizing in some states? __________________ Serious Cash: 27 niche sites - step fantasy, teen, amateur, anal, hardcore, reality [Kinky Family] [Brutal X] [Fucking Glasses] [18 Videoz] [Teeny Lovers] [Sell Your Gf] [Dirty Flix] and others great sites...

02-15-2021, 04:04 PM	#12
NEED4SPEED Confirmed User Industry Role: Join Date: Mar 2015 Location: U.S.A Posts: 184	Thanks ALOT for all the feedback. Yes, I did set up the entity as a genaric media company & thinking of throwing up a simple landing pg. for any prying eyes. The site would be up under the MAIN company's umbrella as an owned site but basically this isn't: XXX.com owned by XXX, llc. - I figure monthly transfers from my Payment Processor >> the bank every 2 wks. shouldn't cause any alarm until more $$$ starts rolling in, then I may need open up a 2nd or 3rd acct. I've heard the stories of Paypal seizing accounts and that is def. my main fear - so yes, low- profile will be my route. THX

02-16-2021, 01:47 AM	#15
faxxaff Confirmed User Industry Role: Join Date: Dec 2002 Location: Marina Hemingway Posts: 2,134	As said, multiple bank accounts and a generic company name are the first stop. Avoid working with companies that do contain explicit names. ... or use Bitcoin where possible. At some point your banks will want to see audits. Be prepared to explain in abstract ways. __________________ Asian Babes