How to open a payment system account in ChePay
Main characteristics and experience with the payment system
Cost
2750 USD
Beginning of cooperation
January, 2020
Last contact
July, 2022
Last update
November, 2023
Being professional intermediaries, we are limited in giving public opinion about some financial institutions. Please contact us directly to obtain more detailed feedback.
- It is possible to open a current account and Internet acquiring bank cards;
- It is possible to make payments in EUR, USD and other currencies;
- Preference is given to business accounts for companies from European Economic Area (EEA) or Switzerland;
- Accounts are not opened for offshore companies (there is a black list of countries and territories);
- Payments in EUR, USD and other currencies are possible;
- No minimum balance requirements;
- Provide EUR SEPA IBANs and SWIFT shared accounts;
- Active online banking;
- It is possible to issue cards (Mastercard);
- Communication is in English
Cost
2750 USD
Beginning of cooperation
January, 2020
Last contact
July, 2022
Last update
November, 2023
General information and GSL rating
2018
Year of foundation
Lithuania
Country of license issue
Central Bank of Lithuania
Regulator
GSL rating
Year of foundation
2018
History
SatchelPay began operations in 2018
Personnel
English speaking staff
Compare payment systems
Minimum requirements
No restrictions
Minimal turnover, €
750
Minimal balance, €
No
Do they work with offshore companies
No
Do they require a substance
Minimal turnover, €
No restrictions
Minimal balance, €
750
Restrictions by jurisdiction
Preference is given to business accounts for companies from the European Economic Area (EEA) or Switzerland. Do not open accounts for offshore companies
Restrictions by substance
No
Tariffs and services
15-350
Array
10-100
Array
600
Account maintenance, €/month
0
Acquiring commission
Account opening procedure, €
The fee for opening an account is 1075 EUR
Array
Outgoing SEPA payments - free of charge. Outgoing SWIFT payments - 0.5% (min 15 EUR, max 350 EUR)
Array
Incoming SEPA payments - free of charge. Incoming SWIFT payments - 0.2% (min 10 EUR, max 100 EUR)
Account maintenance, €/month
The account maintenance fee is 50 EUR monthly
Other services
It is possible to issue cards (Mastercard)
Account opening procedure
Account opening terms
Case by case
Possibility of remote account opening
Yes
Business description
Detailed
Types of accounts
Current
Document requirements
Completed bank forms; copy of client's passport; proof of address; standard set of corporate documents
Possibility of remote account opening
It is possible to open an account and be identified remotely. If you wish, you can arrange a personal meeting with the manager
Types of accounts
Current
Chances to open an account
Predictable
Business description (text description)
Requirements for the description of standard activities: a story about the current state of the business and its formation, disclosure of the source of funds, biography of the beneficiary of the account and contact information
Add a comment