How to open a payment system account in Mixit Pay
Main characteristics and experience with the payment system
Cost
2750 USD
Beginning of cooperation
September, 2018
Last contact
September, 2023
Last update
September, 2023
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- Regulated by MFSA (Malta);
- It is possible to open a current account;
- It is possible to open an offshore account (considered individually);
- Currently accounts are only opened in EUR, so all incoming payments must be made in EUR, however outgoing payments can be made in different currencies;
- Medium risk companies are charged an account opening fee of 500 EUR including 240 EUR for account maintenance for 1 year; High risk companies are charged an account opening fee of 1,500 EUR including 600 EUR for account maintenance for 1 year;
- IBAN;
- Communication is in English
Cost
2750 USD
Beginning of cooperation
September, 2018
Last contact
September, 2023
Last update
September, 2023
General information and GSL rating
2015
Year of foundation
Malta
Country of license issue
MFSA
Regulator
GSL rating
Year of foundation
2015
History
Founded in 2015
Personnel
Communication is in English
Payment system owners
Private company
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
It is possible to open an offshore account (considered individually)
Tariffs and services
125
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125
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20
Account maintenance, €/month
—
Acquiring commission
Account opening procedure, €
For companies with medium risk level an account opening fee of 260 EUR is charged; for companies with high risk level an account opening fee of 900 EUR is charged
Array
Outcoming transfer fee is 0.25% (minimum 1 EUR - maximum 5,000 EUR)
Array
Incoming transfer fee is 0.25% (minimum 1 EUR - maximum 5,000 EUR)
Account maintenance, €/month
For companies with medium risk level a fee of 240 EUR for account maintenance is charged; for companies with high risk level a fee of 600 EUR for account maintenance is charged
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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