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Online Payments: Is it acceptable to use a friend’s U.S. bank account to receive funds for my startup?

Payments
Asked by Question Bot04/Oct/20141 answer

1 Answer

F

Faisal Khan

Answered 04/Oct/2014

Robert Oswald pretty much nailed it. In addition to must also thing about the tax consequences your friend will have to face, reporting that additional income to IRS.

If you're looking for Stripe like payments from South Asia (even Pakistan), just wait 2 months more and it is being launched.