How to open a payment system account in LetPay
Main characteristics and experience with the payment system
Cost
2750 USD
Beginning of cooperation
February, 2021
Last contact
July, 2022
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.
- It is possible to open a current account and Internet acquiring bank cards only for European companies;
- Payments in EUR, USD and other currencies are possible;
- No minimum balance requirements;
- Provide unique IBAN;
- Active Internet Banking;
- It is possible to issue cards (VISA);
- There is a Russian-speaking staff
Cost
2750 USD
Beginning of cooperation
February, 2021
Last contact
July, 2022
Last update
September, 2023
General information and GSL rating
2007
Year of foundation
Lithuania
Country of license issue
Central Bank of Lithuania
Regulator
GSL rating
Year of foundation
2007
History
Founded in 2007
Personnel
There are Russian-speaking staff
Compare payment systems
Minimum requirements
No restrictions
Minimal turnover, €
0
Minimal balance, €
Yes
Do they work with offshore companies
Yes
Do they require a substance
Minimal turnover, €
No restrictions
Restrictions by jurisdiction
Opening an account is only possible for European companies
Tariffs and services
20
Array
5
Array
120
Account maintenance, €/month
0
Acquiring commission
Account opening procedure, €
The fee for opening an account is 1000 EUR, urgent account opening - 2000 EUR
Array
SEPA transfer fee - 20 EUR, non-SEPA transfer fee - 60 EUR
Array
Fee for incoming SEPA transfer - 5 EUR, fee for incoming non-SEPA transfer - 10 EUR
Account maintenance, €/month
Monthly account monitoring - from 10 EUR
Other services
It is possible to issue cards (VISA)
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
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