How to open a payment system account in FG Pay
Main characteristics and experience with the payment system
Cost
2750 USD
Beginning of cooperation
October, 2022
Last contact
September, 2023
Last update
September, 2023
Being professional intermediaries, we are limited in giving public opinion about some financial institutions. Please contact us directly to obtain more detailed feedback.
- Regulated by the FCA (UK);
- It is possible to open a current account;
- Do not work with the Russian Federation and the Republic of Belarus; Ukraine is ready to consider case by case;
- Payment Service Providers, MSB's, Forex and Gaming clients, Oil and Gas companies, Financial Institutions, Media companies, etc. can open accounts;
- Minimum account balance - 2 000 EUR/GBP;
- Individual IBAN;
- Cards are not issued yet;
- Communication is in English
Cost
2750 USD
Beginning of cooperation
October, 2022
Last contact
September, 2023
Last update
September, 2023
General information and GSL rating
2008
Year of foundation
UK
Country of license issue
FCA
Regulator
GSL rating
Year of foundation
2008
History
It was founded in 2008
Personnel
Communication is in English
Payment system owners
Private company
Compare payment systems
Minimum requirements
No restrictions
Minimal turnover, €
2 000
Minimal balance, €
No
Do they work with offshore companies
—
Do they require a substance
Minimal turnover, €
No restrictions
Minimal balance, €
2 000
Restrictions by jurisdiction
Do not work with the Russian Federation and the Republic of Belarus; Ukraine is ready to consider case by case
Restrictions by activity
Payment Service Providers, MSB's, Forex and Gaming clients, Oil and Gas companies, Financial Institutions, Media companies, etc. can open accounts
Tariffs and services
N/A
Array
N/A
Array
N/A
Account maintenance, €/month
—
Acquiring commission
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 undergo identification remotely. If you wish, you can organise a personal meeting with a manager
Types of accounts
Current
Chances to open an account
Predictable
Business description (text description)
The requirements to the description of the activity are standard: a story about the current state of the business and its formation, disclosure of the source of origin of funds, biography of the account beneficiary and contact information
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