Anyone heard or experienced with Guru Pay?
- Thread starter Dreamwalker
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There are a lot new popping up each day. It must be very cheap to setup an EMI in Lithuania.
Check Google for reviews they may be the best help you can get. With all the new EMI's showing up everyday they can't manage to cheat people already.
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Check Google for reviews they may be the best help you can get. With all the new EMI's showing up everyday they can't manage to cheat people already.
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Guru Pay were sanctioned on August 3rd 2020 for violating article 24(3) of the Lithuanian EMI law (Lithuania's implementation of PSD2).
So it sounds like they almost ran out of money at some point or weren't handling the funds correctly. It's not that big of a deal if they have improved since then but with so many options and Guru Pay not offering anything unique, I'd take my money elsewhere.
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This is the probably the answer to your question.
So it sounds like they almost ran out of money at some point or weren't handling the funds correctly. It's not that big of a deal if they have improved since then but with so many options and Guru Pay not offering anything unique, I'd take my money elsewhere.
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This is the probably the answer to your question.
The requirements are the same within the EU. Licensing is only faster in Lithuania between 3-6 months and other EU countries up to 12 months.
I know a guy who actaully opens their IBAN account even the guy company is in SVG.
It not only surprising me but also they say to open a client account for him so I should really know who they are and who's back there.
Not many reviews on Google, but the news they were sanctioned is quite bad and see more what was that.
It not only surprising me but also they say to open a client account for him so I should really know who they are and who's back there.
Not many reviews on Google, but the news they were sanctioned is quite bad and see more what was that.
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