AdultBusinessBanking #BusinessBankAccount #OnlinePlatformDevelopment
Hey there! 👋 Have you ever faced challenges finding a bank willing to work with your adult business? It can be quite a struggle, as many traditional banks shy away from industries like adult entertainment. But fear not, there are solutions out there! Here are a few tips and suggestions to help you navigate the process:
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Consider shifting your company focus: If you’re getting pushback due to the nature of your business, consider rebranding or refocusing your company’s mission. Highlight the tech aspect of your platform instead of its adult content to appeal to a wider range of banks.
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Research specialized banking services: Look for financial institutions that cater specifically to adult businesses. These banks are more likely to understand your unique needs and be willing to work with you.
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Reach out to online banks and credit unions: Online banks often have fewer restrictions compared to traditional brick-and-mortar banks. Credit unions are also known to be more flexible and supportive of small businesses.
- Network with other industry professionals: Connect with other entrepreneurs in the adult entertainment industry to seek recommendations and advice on banking solutions. They may have valuable insights and experiences to share.
Remember, persistence is key in finding the right banking partner for your business. Keep exploring your options and don’t get discouraged by initial rejections. Good luck with your company formation process, and feel free to update us on your progress! 🌟🏦 #BusinessSuccess #Entrepreneurship #BankingSolutions
This is why you create a “technology consulting company” that “develops software for entertainment business”.
The adult part just comes later once the bank account has been created.
Now, getting credit card processing is another story.
Maybe don’t build something around online whoring/prostitution? Idk, seems hard
crypto and bitcoin ?
In Germany prostitution is legal and they give invoice too. You can open an account with Qonto or Revolut for business. Cheers
Its crazy how much a bank wants to know about your business (I know the amount of paperwork in the EU is insane) and even crazier that they use it to deny legitimate businesses!
First , as said be a tech company. If not , take a trip to Cyprus they deal with these things no problem. Find the Lawyers they setup the bank etc
Did you try the UK “challenger banks” like WISE or Revolut?
List your business as a software company and don’t focus in the adult space. Sometimes it’s better to have the adult platform as a DBA of your actual entity that you set up bank with.
Had some past experience in the adult gaming space, even our publisher paid us using a different entity. Banks, VCs, and payment processors are really hesitant to finance vice businesses, particularly in the adult space.
There’s many banks and PSPs out there they just don’t market it. Send me a DM
In the US many such company have been based in Burbank, CA for many many decades. You probably seen the disclaimer a million times on vids. Anyway not sure US account is what you need right now but there are lawyers there with experience. Lots of issues with this like paying federal and state taxes so probably not the way to go.
If you need help with this DM me. We are specialized helping setup off-shore and grey area companies.