UK LTD - Bank account to receive payouts?

[internationalgangster]

Hi Guys!

What bank / EMI can you recommend for a UK LTD to receive payouts from stripe / other payment processors?

Except Wise.
Needs to have EUR IBAN.

Expected volume: high 5, low 6 figure incoming per month.

Bonus: Needs to accept director living in China.

Thanks for all recommendations!

 

[JackAlabama]

internationalgangster said:
Hi Guys!

What bank / EMI can you recommend for a UK LTD to receive payouts from stripe / other payment processors?

Except Wise.
Needs to have EUR IBAN.

Expected volume: high 5, low 6 figure incoming per month.

Bonus: Needs to accept director living in China.

Thanks for all recommendations!
Click to expand...

what is your line of business? Gonna be the most determining factor.

 

[internationalgangster]

JackAlabama said:
what is your line of business? Gonna be the most determining factor.
Click to expand...

Ecommerce

 

[erni]

Did you try Revolut, Luna or Mister Tango ?

 

[internationalgangster]

not yet, will try

 

[ilke]

internationalgangster said:
Hi Guys!

What bank / EMI can you recommend for a UK LTD to receive payouts from stripe / other payment processors?

Except Wise.
Needs to have EUR IBAN.

Expected volume: high 5, low 6 figure incoming per month.

Bonus: Needs to accept director living in China.

Thanks for all recommendations!
Click to expand...

Worldfirst or Airwallex would be the best for this.

PingPongX or LianLian are also reasonable alternatives, but I do not have direct experience with them.

 

[montterio]

Is PayDo a good one ?

 

[ImKing]

montterio said:
Is PayDo a good one ?
Click to expand...

They look very interesting also with the many payment methods accepted
https://paydo.com/payment-methods/

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[Clearsky Network]

ImKing said:
They look very interesting also with the many payment methods accepted
https://paydo.com/payment-methods/
Click to expand...

Paydo is good, just onboarding takes time.

internationalgangster said:
Hi Guys!

What bank / EMI can you recommend for a UK LTD to receive payouts from stripe / other payment processors?

Except Wise.
Needs to have EUR IBAN.

Expected volume: high 5, low 6 figure incoming per month.

Bonus: Needs to accept director living in China.

Thanks for all recommendations!
Click to expand...

Payset, Payine, Airwallex

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TG: @ClearskyPayments
Join our payments channel https://t.me/PaymentSolutionsClearsky
Payment and Financial Licenses: https://t.me/FinLicense

 

[CoinMaster]

Clearsky Network said:
Paydo is good, just onboarding takes time.
Click to expand...

are they similar to Wise i.e. fast SEPA transfers, nice UI ?

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[Clearsky Network]

CoinMaster said:
are they similar to Wise i.e. fast SEPA transfers, nice UI ?
Click to expand...

Not at all...
Wise is cheap and relatively fast. On the other hand the account is opened and closed very fast without any specific reason. No one to talk with... (based on previous experience only)
Paydo is way more expensive and the onboarding takes longer, on the other hand you will get a dedicated account manager and very professional support.

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TG: @ClearskyPayments
Join our payments channel https://t.me/PaymentSolutionsClearsky
Payment and Financial Licenses: https://t.me/FinLicense

 

[montterio]

Clearsky Network said:
Not at all...
Wise is cheap and relatively fast. On the other hand the account is opened and closed very fast without any specific reason. No one to talk with... (based on previous experience only)
Paydo is way more expensive and the onboarding takes longer, on the other hand you will get a dedicated account manager and very professional support.
Click to expand...

Well my onboarding is very fast ... even at weekend they respond and approve account

 

[SoNewToAllShit]

Are you satisfied with the account with them @montterio ? I'm instantly looking for new EMI's and banks to put my money on.

 

[YoungLansk]

ImKing said:
They look very interesting also with the many payment methods accepted
https://paydo.com/payment-methods/
Click to expand...

The onboarding process is VERY VERY VERY long and complicated.

 

[fanban]

YoungLansk said:
The onboarding process is VERY VERY VERY long and complicated.
Click to expand...

What timeframe we look into?

 

[YoungLansk]

We tried twice, probably 2 weeks of back and furth asking all kind of papers and questions then we got rejected ( kosher Tech Business )

 

[brianK]

YoungLansk said:
We tried twice, probably 2 weeks of back and furth asking all kind of papers and questions then we got rejected ( kosher Tech Business )
Click to expand...

Reminds me of the time we had to apply for merchant accounts for card processing in the past, took ages to get the approval and final go live.

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[ImKing]

YoungLansk said:
We tried twice, probably 2 weeks of back and furth asking all kind of papers and questions then we got rejected ( kosher Tech Business )
Click to expand...

two weeks would be acceptable if they can approve the account at the end of the day.

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Do you want a total anonymous company with bank account? Get a step by step guide on how to do that here, it only requires mentor group gold.

 

[SoNewToAllShit]

YoungLansk said:
We tried twice, probably 2 weeks of back and furth asking all kind of papers and questions then we got rejected ( kosher Tech Business )
Click to expand...

What bank did you replace this choice with then ?