We are working hard to bring you international payments and currency exchange as soon as possible directly from the GoSolo app, but these features are not available yet.
In the meantime, you can use alternative services such as Payoneer or Paysend or Wise to send payments abroad.
Limit on making payments using online banking is £50,000 per transaction. Inbound payments are limited to under £50,000 per transaction.
Before opening a business account with GoSolo, please check that you match the following criteria:
Card limit is £1000 per transaction, £5000 per day.
You cannot deposit cash into your GoSolo Business Banking account. We are constantly making changes to GoSolo and, if cash deposit is an important feature to you, please let us know here.
GoSolo only opens business accounts, not personal ones. Please bear this in mind, this is not a personal account.
We recommend that you consult with your accountant on ways how you as an owner or director can get paid from a GoSolo business account.
What follows may not, under any circumstances, be treated as official advice from us, we do not accept any liabilities.
As a general rule, there are several ways a company can pay its individual owner:
Each option requires careful consideration from the tax and legal points of view, especially if the individual is not a UK resident. There is no general rule that can cover all possible scenarios.
You can connect any service or platform that uses a GBP account & sort code or payment card, but NOT DIRECT DEBITS.
You can connect GoSolo account to PayPal and Amazon
At the moment, you can NOT connect a GoSolo account to Stripe.
With GoSolo you can open a business account online as well as register an LTD company. Actually, you get everything you need to start your business and even more. We have web, iOS and Android mobile apps to manage your business account. As an additional free service we provide multi-company access, you can send invoices and get paid directly in the GoSolo app, EFT payments, GoSolo partner offers and other useful services.
You do not have to live in the UK to register as a Limited Company and open a business account. There are no legal restrictions that stop non-UK residents from opening a UK business bank account.
Direct Debit is not part of the initial GoSolo offering. We are constantly making changes to GoSolo and are going to deliver Direct Debit soon.
Yes. You don't need to figure out what information to include and how the invoice looks. In GoSolo you can issue and email invoices within a simple, guided 3-step process.
You can configure email reminders and GoSolo will send them automatically. You can adjust the date and frequency of reminders for due and overdue invoices.