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
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
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)
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
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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