Cenoa, described as a new alternative to Mercurybank, Wise and Payoneer, has started to serve Turkey in the process of opening commercial class bank accounts for LLC companies in Usa.
Before going into details, it would be useful to give a little information about membership;
Registering your LLC company with Cenoa as a reference when opening a USD bank account in the USA will provide you with extra convenience during the approval phase.
You will get approval for your LLC easier when you sign up with our referral code. Because some business models may be subject to extra scrutiny.
Download the application in the link and use this code when registering. Code: STARTUPSOLE
Application and app download link: https://cenoa.onelink.me/oFPB/hf7fj56t
Low Commission and Currency Conversions
Users who want to receive payments from abroad or conduct international trade can benefit from the fast approval process and make USD/TL translations with low commission rates through this platform. In addition, we can say that affordable transfer fees are among the prominent features of Cenoa.
Unlike other financial institutions and digital banks, Cenoa does not burden its customers with procedures such as long waiting times, preparing additional documents or presenting a passport. The Turkish live support team via the mobile application promises to facilitate the user experience by answering questions throughout the account opening process.
Now let's take a closer look at Cenoa.
What is Cenoa
Cenoa is a platform developed (invested) by Turkish engineers for e-exporters and freelancers who want to receive payments from abroad and use these payments at lower costs.
Cenoa Mastercard's Start Path Program has a successful team
Why Cenoa?
- 10 Times Lower Commission: Less commission and transfer costs compared to traditional platforms like Payoneer.
- Instant Conversion to TL: Quickly convert your USD balance to TL.
- Unblockable Account: Your account is completely under your control.
- Turkish Customer Support: Fully Turkish support consisting of real people, available at any time.
Requirements to Open a Bank Account with Cenoa
Opening a Bank Account for an LLC In addition to the individual account, a few more standard documents such as the LLC company formation certificate and Operating Agreement are required. When opening a company account, Cenoa support team contacts you for documents and guides you at this stage. → Detailed video for opening a company account: How do I open a US bank account on behalf of a company with Cenoa?
Why is a Bank Account Necessary in Usa?
It is necessary, we can even say essential.
If you have an llc in Usa and do business through this company, you must have a bank account where you can send and receive payments.
You must somehow collect the income you earn somewhere, and most importantly, you must be able to transfer your income to your country of residence with minimum expenses.
However, many platforms or marketplaces will require you to have a business bank account with a USD balance. The biggest example of these is;
- Stripe
- Amazon
- ebay
- Etsy
- Shopify
- And many more payment processors and marketplaces
In order to open an account on these platforms and do business, it is necessary to somehow form an llc in Usa and obtain an EIN.
They then ask you to enter a US bank account number in order to receive payments from these platforms.
In summary, whether you want it or not, if you are doing e-commerce through your company in the USA, you must open a bank account.
How to Open a US Bank Account with Cenoa?
Step 1: Download the Cenoa app.
First of all, you need to download the Cenoa application to your phone from our reference link. the application here .
Step 2: Create an account.
Check the I have a referral code option and enter the code STARTUPSOLE Entering the code in this step will help you get easy approval for your company because the code is defined specifically for us. Then simply sign up with your phone number and email address.
Your reference code to create an account on Cenoa: STARTUPSOLE
Step 3: Verify your identity.
Click the “ Get Payment and continue with the US bank account in own name Just enter your credentials to create your account. Then your identity verification will be completed in a very short time.
Step 4: Create a US bank account.
Once the identity verification is completed, your US bank account account will be automatically created. You can link this account information to marketplaces like Amazon, Etsy, or share it directly with your customers!
Cenoa Advantages
1. International Ease of Use
4. Ease of Sending Money Abroad
- You can easily receive payments from abroad,
- You can quickly withdraw the income you earn from platforms such as Amazon and Etsy to your bank account in Turkey.
2. Unique Dollar Sale price
You benefit from the best exchange rate in the market when converting USD payments you receive from abroad into TL.
3. Cost-free and Competitive Transactions
Don't be discouraged by the commission rates of Payoneer or similar platforms. Thanks to Cenoa's low commission rates, your earnings stay in your pocket!
4. Ease of Sending Money Abroad
You can transfer money abroad at low cost with Cenoa
5. 24/7 Turkish Support
When you experience any problems at Cenoa or have a question about the process, the experienced Turkish live support team helps you instantly. They eliminate all the question marks you may have during account opening and provide guidance at every stage of your transactions.
This user-friendly support service not only provides quick solutions but also gives you a safe and stress-free experience. With Cenoa, you will always be able to get support in your native language.
Cenoa Costs and Price
With Cenoa, you pay only 0.5% commission when receiving payments from the USA. As you can see the dollar payments you receive on the home page of the Cenoa application, you can convert them into TL at the best exchange rates in the market, or if you wish, you can spend in dollars with a digital dollar card!
Does Cenoa Provide Bank Cards (Debit Cards)?
It is possible to use your money in Cenoa as dollars! With the cooperation of RedotpayxCenoa, you can easily create a digital card and spend. For detailed information, you can check out the blog articles on their website.
Transferring the Income You Earn in Usa from Cenoa to Turkey
They claim that this process is easy, fast and 10 times cheaper with Cenoa than Payoneer. Judging by the commission rates on their websites, these rates are quite ambitious. You can instantly convert your dollars to TL at the best rate by selecting the "Own bank account" from the transfer options
Is Cenoa Reliable?
Cenoa is an innovative application that offers a digital dollar account for global payments, founded in 2022 by Turkish professionals with senior management backgrounds in companies such as Facebook, Google, GarantiBBVA, Getir and developed by internationally experienced Turkish engineers.
Cenoa, which has received $7 million investment from leading investors so far and has reached more than 400,000 users worldwide, cooperates with leading financial companies such as Mastercard, Lead Bank, Stripe and Circle.
We can say that Cenoa is a very reliable platform as it cooperates with Lead Bank, which has been the financial basis for businesses since 1928. You can gather detailed information yourself by researching their infrastructure, background founders and business partnerships.
You can open your account with our reference and start testing its features.
