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This is bulls**t. Every financial institution and bank is committed to CRS! With German customers they do not ask for TIN, because the customer is taxable in Germany anyway and the tax office has access to the bank data. For foreign customers, everyone can check here whether the TIN is correct...

And as already written, in Germany, you can only open an account with Post-Ident or video-ident. NO other option - whether at a bank or EMI.

But why DE IBAN is required?

Online account opening only possible via Post-Ident oder Video-Ident. Most banks in Germany only accept customers who are resident in Germany. What do you need a German bank account for?

Ok.. but where are the accounts opened offered by B2Bpay?

Then I don't understand why you're promoting a company if you don't know them.

I registered with scotran several weeks ago, completed all data and uploaded KYC documents - NOTHING HAPPENED! Account still under review. It is also not clear which bank or EMI manage the account, as Scotran Pte. Ltd. is just an SVF. The CEO Neil is very unreliable. All inquiries about B2B are...

That depends on the customer, the amount, the origin, etc. What many still haven't understood, banks and EMI have to follow certain AML rules!

That`s BS! Wirecard is a Bank and not EMI. And banks don't go bankrupt? Furthermore, EMI are safer than banks. At the bank (at least in the EU) the deposits are only secured up to 100k, at EMI 100% !!!

If someone thinks he can make an EMI quickly, he's a dreamer. In addition to at least min. 2 million+ capital and sufficiently qualified staff, there is a lot of work. So good luck!

Correct, e. g. you have a Irish oder UK Ltd. (EU company) and this is also registered as branch in German Commercial Register.

Sometimes its help, if you check the website content before, see here: Business account with dedicated IBAN for entrepreneur ”“ YuroPay We primarily target companies domiciled within the EU with entry in German Commercial Register.

Before I spend 25k on opening an account, I fly there for 2-3k to check the bank on site. That being said, a Comoros bank can be set up for little investment.

No EMI block account without reason. That doesn't mean that the EMI is equal to SCAM.

Exactly because of such people the EMI get trouble! Only scammers and money launderers.

New member and so cheeky. Good night!

We already have experience in the field of finance and also an idea of what we are looking for.

I had written 500 per month. Indeed, that would be a lot of work to onbard 500 clients per day, currently only N26 and Revolut with a few thousand employees and millions of investments can do that

I don't know how satchelpay can find customers at all with these extremely high fees and so much competitors.

500 are nothing compared to others fintechs who do it per day. Of course, dedicated IBAN is absolutely necessary