How to open a payment system account in TREEPAY
Main characteristics and experience with the payment system
Cost
2750 USD
Beginning of cooperation
December, 2019
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 FCA (UK);
- Internet acquiring of bank cards is possible (discussed individually);
- Do not work with USD;
- Fee for account opening for non-residents of EU - from 1 500 EUR;
- IBAN - LU (Luxembourg);
- Communication is in English
Cost
2750 USD
Beginning of cooperation
December, 2019
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, €
1 000
Minimal balance, €
No
Do they work with offshore companies
—
Do they require a substance
Minimal turnover, €
No restrictions
Minimal balance, €
1 000
Tariffs and services
75
Array
25
Array
100
Account maintenance, €/month
—
Acquiring commission
Account opening procedure, €
The account opening fee for EU residents is EUR 250, for non-EU residents - from EUR 1 500
Array
Transfer fee (SEPA) - EUR 75
Array
Incoming fee (SEPA) - EUR 25
Account maintenance, €/month
Monthly fee - EUR 50 (for EU residents), EUR 100 (for non-EU residents)
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)
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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