In this article, the Wise Corporate (formerly transferwise) account opening process, step by step, down to the smallest detail. Click on this link to review the Wise Corporate website . If you open a Wise corporate account with this reference link , you can make your first transfer free of charge.
Brief Information About Wise Corporate
As it is known, thanks to Wise corporate, payments can be received completely legally from platforms such as Stripe and Amazon. Additionally, thanks to Wise, you can have the advantage of sending and receiving money in almost any currency to many countries (including Türkiye) at very affordable prices.
this blog post in which Wise explains his Amazon collaboration .
There are many more advantages about Wise, but if you have an llc abroad and do business abroad, Wise corporate provides you with many advantages. Transactions made from individual accounts may be limited in some cases with Wise, but with Wise corporate you can eliminate all these limits and have a very useful Global digital bank account when your account is approved.
Important Note: When opening a Wise business account, do not enter the website link (if you have a website) in the registration form and leave that section blank. they don't support some types of business, they will likely reject your account if your website covers that type of business.
Requirements for Wise Corporate Account
You will need the following requirements to open a Wise corporate account;
- An LLC company in America ( You can establish an LLC company at an affordable price thanks to the guide here
- An EIN for your LLC ( A step-by-step guide )
- A phone with TR area code (Mobile phone number)
- ID or Passport photo
Once you meet the above requirements, you can now open a solid Wise corporate account. Once you open your account, it will be approved within approximately 1-2 business days and you can send and receive money anywhere in the world.
Without going into further detail, let's go through the Wise corporate account opening steps in practice, assuming you have completed the above requirements.
Opening a Wise Corporate Account
First, Wise.com site from this link to open an account. Then enter an e-mail address you actively use in the relevant field and continue the registration process.
Corporate Account as the account type .
In this step, select the country where your company is located. Since the LLC company is in Usa, select the United States as the registered country and click the continue button.
In this step, you are asked to verify your phone number. Enter your TR area code phone (US phone is not required) and send a verification code. Enter the verification code sent to your mobile phone into the relevant field and complete this step.
In this step, define a strong password for your account and click the continue button.
You can now start entering information about your business. Click the continue button as in the step below.
Select the country (Usa) where your company is formed, enter the company name as stated in the documents, select the company type as LLC and enter the 9-digit company EIN number at the bottom and click the confirm button.
In the following step, you are asked to enter the business mailing address of your company in Usa. Enter your company address and click the confirm button.
You are asked to verify your business address. Select your address, click the confirm button and continue.
In this step, you are asked to enter your personal information. Enter your information in the relevant fields, as in your identity document, and write your Turkish residence address in the relevant address field and continue.
Choose a paid plan to enjoy all the benefits of a Wise business account. If you want to receive uninterrupted payments from platforms such as Amazon and Stripe, choose the $31 plan. At this stage, you can pay $31 with your credit card.
Note: Do not choose the free account option to avoid the cost, you will make this payment once and you will be able to open an account with dozens of currencies from all platforms.
After choosing the paid plan, you can choose the currencies you will use initially. We recommend that you choose currencies such as EUR, USD, CAD, GBP to start. You have the opportunity to add more after the account is opened, this will be enough for now.
In this step (after selecting the required currencies as above), select the payment option by credit card and complete the $31 payment.
After completing the payment, your Wise account panel will open. To verify your credentials, click the “Complete verification” button on the panel home page and proceed to the next stage.
Select your company ownership percentage. If it is a single-owner LLC (which is often the case), select the I am sole owner option and move on to the next step.
In this step, to verify ownership, enter the correct identification information of the company owner, that is, you, and click the continue button.
Continue by selecting the I am not a US citizen option at the bottom. Do not try to enter fake SSN ITIN etc. in this field because your country of citizenship is requested. It is important to select the option below as you are allowed to enter the correct information.
Click on the continue button
In the following step, you are asked to upload a photo of your identity document. If you are going to upload your ID card, upload the front and back parts separately in the relevant area. If you are going to upload a passport, it is sufficient to upload the first page of the passport in the inbox section.
Since this sample account is verified with a passport, you will see the passport upload result in the screenshot below. If you are uploading an ID, as we mentioned before, you need to upload the front and back sides of the ID separately.
After uploading the ID document, click the continue button.
This is how the authentication part is completed. Within one to two business days, your identity will be verified and an email will be sent to you informing you that your account is fully active. Sometimes, for weekday applications, accounts are approved on the same day or the next day.
You will see this page that provides information about the verification process. You have to wait a few days for verification, sometimes it can even be approved on the same day.
After receiving the verification email, you can now start using your Wise corporate account.
When you follow the steps in this guide correctly and in order, you will have a verified Wise corporate account.
108 Comments . New Comment
Hello. First of all, thank you very much for the content. Does Wise provide dollar transfer to Turkey or would you recommend us to use payoneer or mercury without any problems?
Wise now provides a USD account, there was a time limit, you can use it now.
Hello. First of all, thank you for the content, does Wise currently provide dollar transfers to Turkey or would you recommend us to continue with Payoneer or Mercury without any problems?
Yes, you can open a wise business account. They have started to provide USD accounts.
Hello, wise “Share your business website” We would like to see your business website or online profile
If you have one, please share the link to your website, social media account, Amazon or eBay profile. If you don't have these, let us know why.
He gave a similar warning. I just formed LLC Company and I only have wise application. I haven't opened any site or amazon account yet. What should I write as an answer?
Hello, if there is none of these, it would make sense to write that the company is new and you have not opened an account yet, but you can open it after the wise account is approved.
Hello, I received the same email 4 days ago. While the company address in New Mexico was in the Commercial Address section, I entered the address of my company in Turkey in the registered address section. 3 days later, yesterday, I received an e-mail confirming that my address was confirmed. I continue to use the account actively. You can enter the TR address.
Thanks for the information
Thank you for the info. I also entered my TR residence address. I'm waiting for confirmation.
Hello,
I established a company in New Mexico and opened a Wise account in February. The account was working smoothly. On August 16, '24, I received an e-mail from Wise. I was asked to update the Commercial Address information in my business information.
In my business information, the "Registered Address" and "Commercial Address" information are the same; Both have New Mexico addresses provided by NorthWest.
I didn't change it because I wasn't too sure. Now I received a new email from Wise: My USD account information has been suspended. I need to update my address by October 22, 2024.
The message includes the following explanation:
“If you work remotely, from home or from a co-working space, the address of where you work is required. This address does not have to be in the same country where your business is registered. Running a remote business is valid, common, and requires required authorization.
We will not send any mail to the address you give us. We only need this address for legal reasons.”
As far as I understand, they accept my residence address in Türkiye.
When I log into my Wise account to update the address, the Türkiye option is active in the drop-down menu, meaning it is accepted.
Do you know? Is it correct to enter my TR residence address? Is it acceptable?
Hello, you can enter your TR residence address.
Thank you very much.
Hello,
Currently, those residing in TR cannot receive USD balance for USA companies. Do you know about this? It was open until very recently when it was here, but when did WISE change that? Even if you are a USAn LLC, if you reside in TR, you cannot receive a USD balance from wise.
Hello, they recently changed the Wise Businesses account, but now those with US companies cannot open a dollar account. Alternatively you can try Mercurybank, Airwallex or payoneer
Hello, this is valid for TR resident USA companies that are new members of Wise, is it true? I opened a Wise account 2 months ago and I am currently using my dollar account. I created an invoice to be paid to my dollar account 1 day ago. Is it possible for Wise to close its existing dollar account or stop accepting payments?
They did not provide USd accounts for a temporary period, but now LLC company owners are providing USd accounts to TR citizens.
Hello, do we need to pay any taxes if we use our IBAN in Turkey to spend the balance in the Wise account in the name of our Usan company? Is there an exemption regarding this?
We recommend that you consult a competent consultant in Türkiye regarding this situation.
Hello, I once opened an individual Wise account for eBay from the UK. Now I opened an llc in Usa. My email number arrived. Mercuriy did not accept my application. I decided to open a Wise account. I tried to open an account with a different e-mail, separate from the Wise account I opened for the UK, but since my phone number is also in the individual account, It gives an error saying there is already an account for the number. What I want to ask is, should I get a new number and open an account, or should I open my company account with the email and information of the previous account?
It would be better to open a new account with a new email and a new phone.
Hello, is the store link section important when opening a wise account? I don't have a website right now, if that's important, should I create a store accordingly?
Hello,
Do not provide a store link or address, skip that part. Approval usually becomes more difficult when a store link is given. It will be enough to choose the category related to the work you do and write a description.
Hello,
Can I convert my Wise individual Türkiye account to a corporate account with an llc I opened in the US? And currently, TR does not allow money to be transferred to my account from US, and therefore routing numbers are not visible in my USD account. Will these accounts be opened automatically when I give the address of my company in the US? If anyone has information on this subject, please share it.
Hello,
Individual accounts cannot be converted into business accounts. You need to open a business account, to do this, log in to your individual account and confirm your account by opening a new business account using the method in the article. After you make your deposit payment, your USD balance will be active.
Hello, is it possible to get a (physical) debit card linked to the business account opened for Usan LLC at Wise? Will Wise deliver if Türkiye's address is used as the delivery address? If it doesn't ship, will using an Usan address (different from the company address) solve the delivery problem? Thank you in advance.
They ship to the US address. In some accounts, the card feature is sometimes active and sometimes not. You can check your card from the panel after opening an account. If it is activated, you can order it to your US address and have it shipped from there to your DS TR address for a fee. For your information, they do not ship to Türkiye addresses.
Thanks.
Hello, interestingly, after selecting the $31 paid option and continuing, “Incorrect response body in error response. Expected an object.” I got the error. Later, when I logged in to Wise again, I saw that the account was opened, but I did not receive fields such as ID information. I just stood there. Do I need to do something different?
1. No, you can only receive dollars by international transfer.
2. No need
Hello,
I do design work abroad.
A customer of mine wants to pay with “bank certified cheque”. It says, "I will send this as an e-mail, you can receive it via mobile banking."
I have Garanti Bank-Türkiye, Wise business account and personal Paypal account.
Can I collect with one of these? Does anyone have knowledge on the subject?
Need it urgently. Thanks.
We open wise business and pay $31. You said that this balance remains inside. Can we use this $31?
Unusable, you can write it off as an expense when filing your end-of-year tax return.
Hello,
Wise account has been activated. Is the 31 USD paid a one-time transaction fee or will the deducted fee be sent back again?
thank you
The balance remains inside
Mr. Nazmi, wise I think Papara does not accept virtual cards and gives script error. Has anyone had problems before? Regards
They do not accept prepaid cards due to their own policies. If you want, it may be better to create a deatek request and ask them.
Thank you for your help and support
Hello,
I reside in Turkey and I will start providing software services to a country other than the USA. How will my taxation be if I establish an LLC in one of the states mentioned here? Is it evaluated just like e-commerce companies? A contract and a monthly invoice are requested through the company.
Hello,
Yes, software companies are also classified as e-commerce businesses. Install in new mexico state, a state with annual report and anonymity with no state fees.
There is an article on taxation for foreign LLCs on our blog, read it thoroughly and you will probably find answers to all your questions.
Hello Mr. Nazmi, I hope you are well.
We have a C-corp company in the USA. What we want to do is this:
When we advertise on Facebook or Google in Turkey, we face a serious VAT - 2 burden because these companies do not have services in Turkey.
To solve this problem, we formed a C-corp company in the USA and our aim is to transfer this $1000 from the account in Turkey to the USA account at the beginning of the month, if we have a marketing budget of $1000 that we will spend that month with the US bank account and spend that amount in that month. In order to avoid the burden of 2, in this process we need a debit card that we can upload to Google or Facebook as a bank account, which will automatically withdraw from there when the time comes and continue to withdraw from the account there when we send the limit.
I wonder if Wise Corporate solves this problem or should we do it through Mercury?
Or if you have an external suggestion, we would be happy to hear it.
Best regards
, Hasan
Hello,
If you have a passport and a website that complies with Mercurybank's policies, you can submit your project to Mercurybank. They provide you with a debit card as soon as your account is approved.
You can also do this with Wise corporate. After your account is approved, they will provide you with virtual cards, with which you can make payments for advertisements etc.
Hello,
wise for the e-commerce company I founded in England; “Proof of income. For example, bank statements, invoices, service contracts for the last 6 months or annual statements for the last 12 months.” It requires such documents. Since the company is newly established, what should we install at this stage?
Thanks,
Hello,
Wise only verifies accounts for Usan companies with ID. We do not have information about UK companies. If you want, get support from the company you formed your company with.
Okay, thank you, I just received a message from wise and I asked them the same question for the second time. Well, I have a question: I opened a Payoneer account as a business account a few days ago and it was approved. Are the only differences between Wise and payooner business accounts the fees charged when we want to make a transfer? So, does it make a difference if we use a payoneer corporate account instead of a wise corporate account?
Wise allows translation between more than 120 currencies in seconds. This is not the case with Payoneer, and Payoneer commissions are quite high and you cannot receive money from personal accounts to your own account, you can only receive payments from companies. There is no such limit in Wise
I understand, Mr. Nazmi. Thanks again.
Mr. Kadir Cebel, I request you to please contact me on Instagram immediately.
Instagram: Zzenarda.
Unfortunately, I do not use Instagram. My e-mail address: kadircebel@gmail.com
Hello, did you solve the problem because I have the same problem?
Hello, will Wise stop receiving payments and withdrawing money for the corporate account after August 30?
We do not have information for corporate, but Wise does not stop its individual activities in Turkey and changes its multi-account policy.
Wise usage will continue after August 30. You can look at the following news:
https://www.dunya.com/amp/sirketler/wise-turkiyeden-cekiiyor-iddialarina-yalanlama-haberi-696899
If we can't get money for our Wise, what's the point? It's the same as stopping.
You ask a question, we answer, you ask another strange question without reading or understanding the answer and act as if Wise is our company.
Wise did not stop the service or anything, you can ask them or research it instead of reproaching them here.
Wise usage will continue after August 30. Look at this news first:
https://www.dunya.com/amp/sirketler/wise-turkiyeden-cekiiyor-iddialarina-yalanlama-haberi-696899
Thank you for your answer. I asked the first question, but I did not ask the second.
Hello, you have given information about the companies opened as LLCs for both Mercury Bank and Wise. Is it possible to use these banks if we open our company as a C-Corp? Thanks a lot
Hello,
accounts can also be opened with Corp companies. Since the most commonly used company type is LLC, the explanations are as follows. When opening an account, it will be sufficient to select Corp instead of LLC as the company type.
Hello, when we talked before, you said that we could transfer our dollar money from the wise business account to Turkey in dollars. But when I talked to Wise, he said I couldn't buy it in dollars. If I had bought it in dollars, I could have benefited from asset peace. Did Wise give incorrect information or is there a way to transfer it in dollars?
You can buy it in dollars. It must support shipping with USD to USD, unless they have made a new policy change. In order to benefit from asset peace, you do not necessarily need to transfer your balance in dollars. There is no such requirement. You can also send the amount abroad in TL at the current exchange rate and benefit from it. There are videos about this on the Gib website, and you can also get support by calling the revenue administration.
Hello Sir, thanks to you, I formed my company and received my EIN number, and now my Wise account has been approved. I just applied and received the approval email within an hour. I can't thank you enough. Your site, your explanations, your devoted responses to comments, you are doing a very successful and useful job. If I had not met you, I would either have spent days wondering where I was and reading useless sources wondering how I could do it, or I would have been dependent on people who victimized people for high fees with very little knowledge. I wish we had met much earlier, it's hard to believe, but I've been trying to do these for 2 years and I'm still surprised how I haven't met you. I met you and within 1 month, I accomplished everything smoothly and easily with your guidance.
It was a long message but I wanted to thank you again.
Now, the first thing to do is to get a paypal account, then open a store on etsy, get a mercurybank account with the reference to the store link, and then get a stripe account.
By the way, teacher, I wonder this; I have read the content of the PayPal topic, you said that we can get our application approved without any problems by requesting help without ITIN, but in this wise topic content, in the question section of the content, you answered a friend with the current date and said that PayPal can now request ITIN after a while. Should I get an ITIN and apply for Paypal? Or if there is a problem in the future, will there be a problem with our Paypal account if we get an ITIN?
Hello Mr. Ahmet, thank you very much for your motivating comment. We are happy if we could be of help to you in setting up your business. It is very valuable for you to obtain accurate information, even if it is late. We wish you success in your new job.
Paypal is very sensitive about Türkiye and has started to require you to enter your SSN or ID number even if you open an account through the company. It may even be necessary to request support while entering the itin number.
Also, after $600 in turnover, paypal reports you to the IRS and you get a 1099k and you have to tax the income. We can say that Stripe is more reasonable in this regard.
We have also seen that even if the account is approved without authorization, the accounts are suspended after a few checkouts.
For this reason, it is better not to take risks regarding such a critical payment instrument. If you have the opportunity, try to get your account approved with itin number, otherwise if I were you I would just continue with stripe. Because after a certain period of time, the account will probably be suspended and the balance inside will be put on hold.
Although it is said that Paypal negatively affects sales on most platforms, I personally do not believe this because if a buyer is going to buy a product or service he wants to buy, he will buy it anyway without worrying about Paypal or Stripe. There is no measurement for this, it is thought that only PayPal will be effective.
In summary, if e-commerce is to be done with a risky payment system, I think there is no need for this, instead it would be best to continue with a working and reliable system.
Hello again, teacher. Well, let's say we got our ITIN number and we are Turkish citizens and we live in Turkey, we also have our LLC company and EIN number in Usa, so everything is OK. Doesn't Paypal approve our account in such a situation? Will we have any problems?
Many of our followers use their accounts without any problems, but it is of course very difficult to predict how they will react in the future.
Hello,
I applied as a corporate to my company in the USA.
I entered my Türkiye address in my personal information as residence.
If the account is approved, can I use it via Paypal?
Mercurybank did not approve my account, so I opened it via wise.
Thanks.
Hello, can you explain a little more? What exactly is a corporate application for your company in the USA?
Hello
. So, I opened a business account from the link you provided, selected USA as you stated in the instructions, and entered my address information in America.
I paid 31 USD.
In the personal information, I entered my Türkiye address.
If my account is approved, can I use the approved account in PayPal?
Thank you.
They form your company, deliver your documents to you, and at this stage, they assign you a US business address free of charge. Your Turkish residence address is for communication purposes. Do not use your Turkish address when opening an account. Use the address in the company formation documents that will be given to you. You should try to get ticket support to confirm your Paypal account, but now without a push number, Paypal accounts can be restricted after a certain period of time. You can take a look at our Paypal article
Hello, when you open an account with Wise, can we create a virtual card and shop from wholesalers in Usa? I heard that this service has been terminated, but if it is in 2023, it is meaningless to open an account.
There are still card buyers, try your luck if you want. In some accounts, card ordering is active on the panel, sometimes not, unfortunately Wise did not give a clear answer to this.
Hello,
do you think it makes sense to open mercury and wise at the same time for an LLC company opened for Amazon purposes? Would just one be enough?
If you have the opportunity, open an account on both platforms. Having it on hand is not a minus for you. You can even open a Payoneer business account as an alternative, but we can say that Mercurybank is the most reasonable among these options due to its commission rates.
By the way, before opening a Mercurybank account, it is definitely beneficial to have an active Amazon store or a serious e-commerce site, otherwise there is a high probability of rejection. Because Mercurybank's approval mechanism requires submitting a project, whether it be an Amazon store or a website. This situation has been confirmed by the experiences we have had as a result of the applications we have made for our customers.
Before opening a Mercurybank account, we recommend that you review the checklist below and fulfill all the items. These clauses speed up your approval and even greatly prevent rejection;
1. When applying via the website, the login page must be in English
. 2. At the first stage, there should not be any statement, banner or title stating that services are provided outside the USA.
3. Products or services must be clearly listed on the site
4. About | Terms of Use | Privacy | Contact pages must be completed
. 5. An active LinkedIn or social media account belonging to the company owner can speed up approval
. 6. The owner of the website you are applying for must have the same name as the company owner. In rare cases, it may be necessary to verify domain ownership
. 7. Passport approval is made by the bank with the link sent to mobile devices with the face scanning system. Have the passport scanned into the system at the face scanning stage. If you do it in a bright place, it will be easily approved.
8. When applying through the Amazon store, it is very important that the store is active and contains products. It would be useful to write a few lines of detailed description about the products to be sold during the application stage.
These items emerged as a result of our experiences after opening accounts many times. You cannot find such valuable information anywhere.
Please take note.
I hope it was useful
Thank you very much. It was a very informative explanation. Thank you for your hard work.
I don't know if this has been asked before. I have an existing wise personal account. I opened an LLC. Do I need to open a new account for Wise corporate or can I convert my personal account to Wise corporate without any problems (without being banned later due to duplicate user IDs)? Thanks.
After logging in to Wise with your personal account, select your business location in the USA using the open a new business account menu at the top right and start opening a business account.
Personal accounts remain active as they are and a new account is opened for the company. Individual accounts cannot be converted into company accounts because completely new balances are opened for you with your company's EIN number.
Can we open a corporate wise account through our European company? Do we have to be a US company?
When opening a Businesses account, you can open the company country by selecting the location where your company is located. Supports every country, not just the USA
Hello,
I made a software agreement with an overseas company. They told me that I needed to establish a company and that they would make payment when the invoice was issued. When I talked to the accountant, he said that the tax rate would be around 50 percent. With this tax rate, my earnings in return for what I do are not very meaningful. The company said that it would not send the money to my personal account, but would only transfer it to the corporate account. If I open a corporate account from Wise (normal TR LTD, not America LLC), can I transfer the money coming from abroad on behalf of the company to my personal account in Turkey?
Under these conditions, by forming an LLC company, you can benefit from the ongoing asset peace and bring your money to your country by paying 1 to 3% tax.
In the USA, you pay around 8-10% income tax (may vary depending on your turnover). This way will probably be more advantageous for you.
I created an account through my LLC as mentioned here. My account was closed before I could pay the 31 USD membership fee. There is no explanation. It is said that there is a way to appeal, but it is also closed.
In such cases, a suspension problem may occur at the first stage due to accounts opened in the name of the same person, e-mail or phone number that was previously filtered problematically or illegally.
By the way, it should be noted as a footnote. Entering a website into the optional section when opening a Wise business account may cause possible opening problems.
We provided a high number of Wise account opening services for our followers and existing customers, and we experienced this type of problem once or twice, because we learned that the accounts previously opened by the same person, phone or e-mail were accounts suspended by Wise.
If you want, you can contact support for a solution. If you have not used Wise before and there is no association, they will probably open your account, but if you have had any problems in the past, there is a possibility that it will not be opened. At this stage, you can consider the mercurybank alternative.
I created a membership for the first time with my e-mail address (company e-mail address) and phone number.
I wrote my website in the optional section.
When I wanted to pay only 31 USD, I made 1-2 attempts with my credit card and the bank rejected it. They said that the bank withdrawal appeared to be a "betting or gambling transaction" and did not accept it. Afterwards my account was closed.
I'm trying to appeal right now, but it gives me the warning "After reviewing your situation, we have decided to keep your account closed." You cannot contact me without logging in with your username, but I cannot contact you because my account is closed.
My account is active at Mercury Bank. I already wanted to use wise to pay there.
I hope my account will be opened in a few days.
So, have you ever opened a Wise personal account with your personal ID?
If you opened it and there was a problem with your account, they may have criticized you by name. Even if you open an llc account, they also record your personal information as the company owner.
I hope your problem is solved, good luck.
Hello, I have a sole proprietorship in Turkey. Would that be enough to open a corporate account or do I need to be an LLC in Usa?
You can probably open a corporate account for your sole proprietorship, but we do not know if you will have the same benefits as for an LLC company. For example, Wise corporate accounts opened inward to LLCs have many advantages such as working with multiple currencies, digital cards, teamwork and receiving payments from marketplaces.
I read that they close the account after a certain period of time for payments coming from foreign marketplaces without a corporate account, so I was thinking of switching to a corporate account. Thank you for your answer.
Wise corporate account announced that it cannot make marketplace payments received commercially to individual accounts. Wise exists for individual money transfers and sending money to people you know. If a business is being carried out, a corporate account must be opened.
Hello,
I have a question. If we want to withdraw the money coming to our Wise account in euros from Turkey, can we withdraw it in TL? Or can we transfer it directly to our bank in euros?
You can receive it directly in Euros to your EURO account in TR, but this time you will need to send it via SWIFT. Since money passes through more than one bank in transfers via the Swift network, interbank deductions may or may not be made. To avoid this uncertainty, it would be better to send it to your TR account in TR currency. Wise will convert your foreign currency at the exchange rate it guarantees, so you will not incur any losses.
You can send a request to Wise support regarding transfer fees, there are also Turkish-speaking support teams there.
Hello,
we need a credit card to open an Amazon Turkey and Wise account. But we can't get it out of Turkey. Because we are EU citizens. Can we use a credit card in another country to open an Amazon Türkiye account and Wise?
Hello, what are the Wise alternatives for a personal account? (providing IBAN facility)
Thanks.
En money, ykb, guarantee etc. that provide iban as a personal account. 😀
What is the need for a Wise alternative? Don't you live in TR?
Hello,
I will open an Amazon Turkey seller account. The thing that comes to my mind is, while banks such as Wise and Payoneer are used in America, can they be used in Turkey as well? Do I have to open Wise in Turkey? Or is any bank in Turkey sufficient? Also, the company address is entered as the residence address in some videos. So, can we enter company address information into the residence address? I am definitely waiting for your feedback.
TR bank would make sense. Enter an address that you can prove with an invoice.
Hello, I have an llc company. Can I open a wise account and define a virtual card? If I can create a virtual card, can't I make my YURTDISI wholesale payments with this card?
Hello,
Wise does not provide cards, if a debit card or virtual card is required, use platforms such as Mercurybank and relay bank. They give cards.
I couldn't understand what advantage the corporate account has over the individual account. I reside in Turkey and let's say I founded an llc in Turkey. I receive payments in USD from Usa every month. If I open a USD account, I can receive USD payments, is that correct? But I think Wise makes a deduction even for this. I think I need to open a TRY account to spend this money in Turkey. I think there is still a deduction when I transfer from my USD account to my TRY account. If I don't have business with Stripe or Amazon, how would using Wise Enterprise benefit me in this scenario? Since I have not formed an llc yet, I am not familiar with the subject, but I think a bank account is mandatory for the formed company. If I use Wise corporate, will it be recognized as a legal company account in TR?
If you are going to receive payments on behalf of your company via Stripe, Wise will ask you to open a corporate account. You cannot receive payments after a certain period of time with an individual account. You can refer to Wise instructions.
You can receive payments in Turkish lira to your TR account via Wise. Of course, you will pay a transfer fee as a result of these transactions.
You can use the calculation tool on the Wise website for transfer fees.
Hello,
I live in another country. Is there any problem in writing the country I am in?
Write down the country you live in, because during the identity verification phase, you will need to upload the identity document given to you by the country you are in for verification purposes.
I am a Turkish citizen. Do I not need to enter Turkish ID information? Will my application be approved if I enter the Turkish ID information and realize that I am in a different country from my IP address?
Provide whatever information is requested accurately. No problem.
With the account I opened, can I send money to my wholesalers abroad and my own individual account in Turkey, and pay my expenses in the USA, such as Amazon?
You can send money to anyone who has an account, but it does not provide credit cards.
There is a solution that provides credit cards and funding for wholesaler payments, expenses, and payments for Amazon and Shopify platforms. I will share a guide about it soon.
Hello;
The same applies to the individual. You change your address to any residence address in England and request an individual card. You pay $5 for the physical card. After the card is approved, you apply for a virtual card and define it to Apple Pay. Then you load the balance to the virtual card and use it. You turn off features such as withdrawing money on your physical card. If the card sent to the address is not delivered, it is not valid. This is how it is used. I plan to apply the same method in commercial business.
Thanks for the information.
Hello;
They say the same for the individual card, but the card works in Türkiye. I'm using it right now.
The card works and is valid at ATMs, but since Türkiye is compulsory chosen as the residence address when opening a corporate account, a card request cannot be made.
Can we get a card from Wise on behalf of our company? Can we mail the card we have purchased to ourselves from our virtual office and use it in Türkiye? I took out a personal card 1 month ago, then converted it to a virtual card and I am currently using it in Turkey via Apple Pay. Can this be done on a corporate card as well?
Hello,
Wise does not send cards to Turkey. They state on their website that there is no card support for TR.