How to open a payment system account in X Pay
Main characteristics and experience with the payment system
Cost
2750 USD
Beginning of cooperation
February, 2022
Last contact
July, 2022
Last update
May, 2024
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 multicurrency current account with conversion in 39 currencies;
- No minimum balance requirements;
- Open accounts for offshore companies (case by case), but do not give them online banking - instructions are given by email, phone;
- Provide unique IBAN;
- It is possible to open an account for Forex clients;
- Do not open accounts for Money Service Businesses (MSB), Shell companies, Offshore Banking, Cash Businesses, Correspondent Banking, Cryptocurrency firms, Non-registered Charities or Non profit Organizations, Unregulated Financial service entities;
- KYC documents must be certified by an attorney (solicitor) or notary;
- Active Internet Banking;
- Card issuance is possible;
- There are offices in UK, Poland, UAE
Cost
2750 USD
Beginning of cooperation
February, 2022
Last contact
July, 2022
Last update
May, 2024
General information and GSL rating
2018
Year of foundation
UK
Country of license issue
FCA
Regulator
GSL rating
Year of foundation
2018
Personnel
The staff speaks English
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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
Open accounts for offshore companies (case by case), but do not provide them with online banking - instructions are given by email, phone
Restrictions by activity
Do not open accounts for Money Service Businesses (MSB), Shell company, Offshore Banking, Cash Businesses, Correspondent Banking, Cryptocurrency firms, Non-registered Charities или Non profit Organizations, Unregulated Financial services entities
Tariffs and services
N/A
Array
N/A
Array
N/A
Account maintenance, €/month
0
Acquiring commission
Array
The transfer fee is set individually
Array
Fee for incoming payments is set individually
Account maintenance, €/month
The account maintenance fee is set individually
Other services
It is possible to issue cards
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. KYC documents must be certified by a lawyer (solicitor) or notary
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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