GSL / L-Pay

How to open a payment system account in L-Pay

Main characteristics and experience with the payment system
Cost
2750 USD
Beginning of cooperation
May, 2023
Last contact
June, 2023
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 registered in Lithuania;
  • Payment works with different jurisdictions - case by case;
  • Work with Russians if you have a residence permit of another country;
  • It is possible to open personal and corporate accounts + accounts on trusts / payments / crypto;
  • Cross-border multicurrency SWIFT payments in EUR, GBP;
  • Card issuance is possible;
  • Communication is in English
Cost
2750 USD
Beginning of cooperation
May, 2023
Last contact
June, 2023
Last update
November, 2023
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General information and GSL rating

2021
Year of foundation
Lithuania
Country of license issue
Central Bank of Lithuania
Regulator
GSL rating
Year of foundation
2021
History
Founded in 2021
Personnel
The staff speaks English
Compare payment systems
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    Minimum requirements

    No restrictions
    Minimal turnover, €
    0
    Minimal balance, €
    Yes
    Do they work with offshore companies
    No
    Do they require a substance
    Minimal turnover, €
    No restrictions

    Tariffs and services

    250
    Array
    0
    Array
    25
    Account maintenance, €/month
    Acquiring commission
    Account opening procedure, €
    Account opening fee for EU residents is 50-100 EUR (personal account) and 150-200 EUR (corporate account).
    Account opening fee for a non-EU resident - 150 EUR (personal account) and from 350 EUR (corporate account)
    Array
    The transfer fee for SEPA/SEPA INSTANT/GBP EU residents is 0.25% (minimum 3 EUR) for personal accounts, 0.25% (minimum 5 EUR) for corporate accounts;
    SWIFT/TARGET2 /EUR - 0.25% (min. 20 EUR) for personal accounts; 0.3% (min. 30 EUR) for corporate accounts.
    The transfer fee for non-EU residents SEPA/SEPA INSTANT/GBP is 0.25% (min 3 EUR) for personal accounts, 0.5% (min 5 EUR) for corporate accounts;
    SWIFT/TARGET2 /EUR - 0.25% (min 20 EUR) + correspondent bank commission (if any) for personal accounts, 0.5% (min 30 EUR) + correspondent bank commission (if any) for corporate accounts
    Array
    No charges for incoming payments
    Account maintenance, €/month
    The account maintenance fee is 5 EUR per month (personal account), 25-30 EUR per month (corporate account)

    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 pass identification remotely
    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
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