GBO has developed a special corporate package for affiliates, which includes a range of services designed to support their affiliate business needs.

The package includes comprehensive banking solutions, as well as the formation and registration of a new company. This package is designed to provide affiliates with a cost-effective and efficient way to establish an affiliate business in a new jurisdiction, while ensuring compliance with all relevant requirements.


With GBO’s expertise and experience in the corporate industry, affiliates can be confident that they will receive the best possible support and advice throughout the entire process.

Find out how we can help you with setting up your affiliate business

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    Banking needs of an online affiliate business:

    You will need to pay suppliers including sites that bring you traffic and generate leads like Google or Facebook. As an affiliate business you also need to pay for your IT network, operational costs, social media accounts, content writers, domain, servers and website maintenance. Affiliate businesses will need to pay employees, office staff, lawyers and other service providers.


    Affiliate companies need to be able to receive funds from sales through their affiliate programs and from direct customers (B2B). If your affiliate business sells media or traffic to a third party, you may need to receive funds from media brokers. Perhaps your company has digital marketing agencies that pay for your online assets.


    New – Gaming Affiliates License in the US


    What are the Financial and Banking Needs of an Affiliate Marketing Businesses

    • Business bank account at a local brick-and-mortar bank
    • E-Money account
    • Debit card
    • E-wallet (PayPal, Skrill)

    With the above list of payment options your affiliate business will be able to send and receive funds. You could use several banking services or a single financial institution that covers all your banking needs.


    Opening a Bank Account in Europe for an Affiliate Business

    EMIs in Europe offer full-service banking where you can send and receive funds; make wire transfers (SEPA and SWIFT) and have an international debit card for online and in-store payments plus cash withdrawals from ATMs. For affiliate businesses an EMI can be the perfect banking solution. You can get a dedicated IBAN from the EMI; perform currency exchange and manage your business finances from the comfort of your own mobile, laptop or desktop. EMI accounts are a simple, efficient and reliable way of running the finances of an affiliate business.


    Where and how to open your affiliate business bank account

    For companies with most of their affiliate programs, customers and suppliers in Europe it is best to open your affiliate business bank account in Europe. This will reduce banking costs and allow for speedy SEPA and SWIFT Euro transactions. You can open an account in Europe remotely but will need to visit the physical bank to finalize the account. Affiliate companies often encounter difficulties when trying to open a business bank account with a traditional bank. Without understanding your business model or the affiliate industry traditional banks find it hard to evaluate an affiliate company’s risk level when complying with AML and KYC regulations during the onboarding process. For this reason, many affiliate companies turn to EMIs which are usually more technically advanced, flexible and willing to consider new clients from the affiliate business while still upholding the required standards of compliance.

    Affiliate businesses in the high-risk industry require a bank account to facilitate their financial transactions and manage their day-to-day operations. However, affiliates often face unique banking challenges due to the high-risk nature of their business, which includes receiving high-risk payments from companies around the globe and operating in high-risk countries.


    Affiliates require a banking partner that understands the intricacies of the marketing and the online industries and can provide them with the necessary support and infrastructure to operate effectively. This may include access to global payment networks, multi-currency accounts, and secure online banking services. Furthermore, affiliates may face challenges in opening and maintaining bank accounts due to the perceived high-risk nature of their business. Many banks are hesitant to work with affiliates due to concerns around money laundering and other financial crimes. This can make it difficult for affiliates to find a banking partner that is willing to provide them with the necessary services and support.


    Affiliates and high risk business

    Affiliates that engage with high-risk payment processors and operate in high-risk countries should consider opening numerous bank accounts as a risk management approach for their affiliate operations. Any potential delays to a company’s payment processing or banking services can be mitigated by maintaining multiple bank accounts.


    Banks and other payment processors in the affiliate industry may be unwilling to do business with companies they view as high risk due to their concerns about money laundering, fraud, and other financial crimes. This can lead to accounts being frozen or closed, which has dire repercussions for a company’s liquidity and productivity.


    A company’s ability to accept and process payments in a variety of currencies and through a variety of banking channels is bolstered when it maintains many bank accounts. This can assist protect the company’s financial stability by reducing its reliance on any one payment processor or bank and increasing the likelihood that operations will continue normally in the event of a temporary interruption caused by the closure of a single account.


    In addition to bolstering the company’s legitimacy and reputation, maintaining many bank accounts can facilitate easier and more efficient transactions. Businesses may prove they are functioning in a responsible and transparent manner by using numerous banking partners and payment processing choices.


    In conclusion, affiliates working with high-risk payment processors and operating in high-risk nations should consider opening two bank accounts to spread their financial risk. Financially, this can help by reducing the company’s reliance on any one payment processor or bank and increasing the likelihood that operations will continue normally in the event that one account is closed or frozen.


    GBO understands the unique banking needs of affiliates in the cryptocurrency industry and has developed a range of banking solutions to meet their specific needs. This includes access to banking partners that specialize in working with high-risk industries, as well as a range of customized banking services designed to support affiliates in their day-to-day operations. With GBO’s banking solutions, affiliates can be confident that they have the necessary banking infrastructure to operate their business effectively and efficiently, while ensuring compliance with all relevant regulations and requirements.


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