How to open a payment system account in PayperPort
Main characteristics and experience with the payment system
Cost
2750 USD
Beginning of cooperation
April, 2020
Last contact
September, 2023
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.
- Regulated by the FCA (UK);
- Current account opening and internet acquiring of bank cards is possible (preference);
- Offshore account opening is possible (each case is considered individually);
- Corporate account can be opened in GBP only;
- Offer opening of UK companies;
- IBAN;
- Communication is in English
Cost
2750 USD
Beginning of cooperation
April, 2020
Last contact
September, 2023
Last update
September, 2023
General information and GSL rating
2017
Year of foundation
UK
Country of license issue
FCA
Regulator
GSL rating
Year of foundation
2017
History
Founded in 2017
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
Offshore account opening is possible
Tariffs and services
N/A
Array
N/A
Array
175
Account maintenance, €/month
—
Acquiring commission
Account opening procedure, €
Opening a corporate account from GBP 250 to GBP 1 250. Personal account - no fee
Account maintenance, €/month
Fixed monthly fee - from GBP 150 to GBP 500 (for corporate account)
Account opening procedure
Account opening terms
Case by case
Possibility of remote account opening
—
Business description
Exhaustive
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)
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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