Paydo Business Bank Account

[yngmind]

Has anyone had experience with PayDo business/personal IBAN accounts? https://paydo.com/

I had a bad experience with their payment gateway. They scammed me for around $5,000 through fake disputes.

Toggle signature
I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
___
Business Bank Account for your US LLC Remotely

 

[Martin Everson]

If they scammed you with their payment gateway why would you want to even know about them period?

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[yngmind]

Martin Everson said:
If they scammed you with their payment gateway why would you want to even know about them period?
Click to expand...

My friend desperately seeks an EMI and is ready to work even with such companies.

Toggle signature
I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
___
Business Bank Account for your US LLC Remotely

 

[daniels27]

yngmind said:
My friend desperately seeks an EMI and is ready to work even with such companies.
Click to expand...

Ok and why did the others not like him?

 

[yngmind]

daniels27 said:
Ok and why did the others not like him?
Click to expand...

Most of them just rejected the application.

Toggle signature
I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
___
Business Bank Account for your US LLC Remotely

 

[ilke]

Always had a positive experience with them; they are licensed as an EMI in the UK and Malta. Crypto and iGaming friendly.

Accounts are issued through Banking Circle so they have access to more unique clearing systems, e.g. BACS, Kronos2, better SWIFT processing.

 

[yngmind]

ilke said:
Always had a positive experience with them; they are licensed as an EMI in the UK and Malta. Crypto and iGaming friendly.

Accounts are issued through Banking Circle so they have access to more unique clearing systems, e.g. BACS, Kronos2, better SWIFT processing.
Click to expand...

Did you use their business account, or personal, or both?

Toggle signature
I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
___
Business Bank Account for your US LLC Remotely

 

[ilke]

yngmind said:
Did you use their business account, or personal, or both?
Click to expand...

Business

 

[Clearsky Network]

Very good EMI for high risk industries, especially gaming. Fees are a bit high though

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

 

[cckuhqilfownnfctux]

russian roots, $300/mo account fees

 

[Lincoln Burrows]

Lincoln Burrows said:
I had a similar experience with another EMI couple weeks ago where they informed me we can open a bank account for your business; they made me sign an agreement and pay €300 onboarding fee, afterwards they told me "Sorry your business is beyond our risk appetite". A total waste of time and money due to their sales lack of knowledge.
Click to expand...

This EMI I wrote about is Paydo, so avoid these clowns.

They also told me your business account is approved after supplying all documents then two days later telling me I got declined!!

 

[Martin Everson]

Lincoln Burrows said:
They also told me your business account is approved after supplying all documents then two days later telling me I got declined!!
Click to expand...

They just wanted the 300 euros from you sadly.

Sounds like an EMI to avoid.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[pipona]

naming your EMI "pedo"
these people really are clueless about branding...

 

[Phillip]

Great account for individuals. It works perfectly for SEPA and FPS transfers. It is not anything special, delivers similar services to other EMIs. On the other hand, I have nothing negative to say. The platform is stable and easy to interact with. Incoming transfers are usually questioned, but when I provide them with an answer, they review it in a few hours and all goes through. This is a very good step up for me from Bankera, where they consistently asked essay-level texts of me to explain why I got some money.

Recently, they have also been licenced in Malta, a positive reinforcement of adherence.

 

[bubbledouble]

For how long have you been using Paydo ?

They have Russian roots as we learned from above replies, so I rather avoid them.

 

[yngmind]

bubbledouble said:
They have Russian roots as we learned from above replies, so I rather avoid them.
Click to expand...

It can be beneficial actually ”” having Russian roots doesn't mean they're bad.

Look at the crooks from Bankera - how do you like Lithuanian roots?

Toggle signature
I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
___
Business Bank Account for your US LLC Remotely

 

[GF150]

bubbledouble said:
They have Russian roots as we learned from above replies, so I rather avoid them.
Click to expand...

How do you know they have Russian roots, given the fact that some of them rather have Ukrainian names ?

 

[ilke]

GF150 said:
How do you know they have Russian roots, given the fact that some of them rather have Ukrainian names ?
Click to expand...

I think it's just made up; the company is definitely fully Ukrainian owned

 

[myshufflemix]

ilke said:
Always had a positive experience with them; they are licensed as an EMI in the UK and Malta. Crypto and iGaming friendly.

Accounts are issued through Banking Circle so they have access to more unique clearing systems, e.g. BACS, Kronos2, better SWIFT processing.
Click to expand...

very nice, do they accept US LLC's or European companies only ?

 

[ilke]

myshufflemix said:
very nice, do they accept US LLC's or European companies only ?
Click to expand...

They accept many non-EU, e.g. some of the usual offshore like Curacao, Seychelles, BVI, etc.

I don't think they work with US LLCs though; most European companies tend to avoid due to added reporting risk (and large punishments for not reporting if the company is a US taxpayer)