koalapay - what's about them, someone used them yet?

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uplana

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Apr 15, 2009
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Title says it all, I want to know if someone has been using KoalaPay for their business or personal need.

the website looks very professional and their support is very responsive, I'm seconds from signing up with them but would like to know your thoughts?
https://www.koalapays.com/

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Sols said:
UPayCard was a brand of Moorwand. Another keyword to include in your research is Kobenhavns Andelskasse, a bank they helped run into the ground.
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do you know any analog, please? I am interested exactly in fiat to crypto exchange
 
Myotra said:
How are they in operation? And do they really provide dedicated IBANs?
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According to their website it looks like they do...
 
Myotra said:
How are they in operation? And do they really provide dedicated IBANs?
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Yes they do but they have charge a decent setup fee for dedicated IBAN.

Fothermucker said:
Can someone elaborate what's the KYC procedure like with Koalapay?
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Don't know much about that but they have very nice customer support and respond pretty quickly.

However I heard complaints about them being very slow with wires. Perhaps somebody here has more information on that.
 
uplana said:
how much do they charge, so far I have not seen any fee from them?
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They charge onboarding 1000 EUR for SEPA dedicated IBAN, 1500 EUR - for common SWIFT IBAN. Incoming payments through SEPA are charged 1% + 10 EUR. SWIFT - 1,5% + 10. Outgoing payments are cheaper.
 
Any news about this company and their activity ?

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EliasIT said:
Any news about this company and their activity ?
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Theit website looks more than suspicious ”“ no real company information, no contacts, no licence information, no T&C's, no fee information, even no option to register 😉. And when browsing the Internet (as I was curious), you will find for example this KoalaPays ”“ PayRate42. For me it is completely enough to run away. (Yes, it would be possible to try to get some info from their regulator what is Czech National Bank but I do not consider it necessary.)

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