Friday, May 24, 2024

My foreign bank accounts (Payoneer and Wise)

There is talk that PayPal is coming to Maldives...At this time only we can send money using PayPal but can't receive money nor link PayPal to a local bank account...

What I have to say is that these payment gateways charges lot's of money as processing fees...I read this many years ago...

Year 2018 was an important year of my life. I registered my own business as a sole trader in the Economic ministry of Maldives and also wrote my first ever book...I tried to open a bank account in a US bank but was rejected by IRS.

So it was very difficult to open a bank account remotely without visiting any country...So as a solution I used Google search and researched the internet and found Payoneer and Wise (formerly TransferWise)...Many years has gone since I have opened these virtual bank accounts (not a real bank account) in Payoneer and Wise in different currencies...I have registered and started my own business but doesn't have the capital to deal with foreign businesses.

In early 2019 I paid Google Ads to advertise my self published book in Amazon KDP but was cheated by Amazon and I till this date hadn't received any payments as royalties...

I have planned to export tuna to foreign countries but don't have enough money to do it...

These screenshots show the virtual bank accounts I have in my name in different currencies.

Allah Akbar...Allah is great...
























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