How to open a payment system account in Money PayPoint
Main characteristics and experience with the payment system
Cost
2750 USD
Beginning of cooperation
November, 2020
Last contact
September, 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.
- Regulated by FCA (Great Britain);
- It is possible to open a current account;
- It is possible to open an offshore account (case by case);
- NOT work with forex and crypto;
- Work with citizens of the Russian Federation (individually discussed);
- IBAN;
- Communication is conducted in English
Cost
2750 USD
Beginning of cooperation
November, 2020
Last contact
September, 2023
Last update
November, 2023
General information and GSL rating
2018
Year of foundation
UK
Country of license issue
FCA
Regulator
GSL rating
Year of foundation
2018
History
Founded in 2018
Personnel
Communication is conducted in English
Payment system owners
Private company
Compare payment systems
Minimum requirements
No restrictions
Minimal turnover, €
300
Minimal balance, €
Yes
Do they work with offshore companies
Yes
Do they require a substance
Minimal turnover, €
No restrictions
Minimal balance, €
300
Restrictions by jurisdiction
It is possible to open an offshore account
Restrictions by activity
NOT work with forex and crypto
Tariffs and services
500
Array
150
Array
100
Account maintenance, €/month
—
Acquiring commission
Array
Outcoming transfer fee - 1 USD / 1% (depending on the country)
Array
Incoming transfer fee - 1 USD / 1% (depending on the country)
Account maintenance, €/month
Monthly commission - 100 USD
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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