Any feedback on Stratrys?
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It is called Statrys, not StRatrys – Statrys | Payment Services for SMEs. There is some information searchable here on forums but not so much.
Just a remark – according to their FAQ (see webpage), companies registered in Hong Kong, Singapore and the BVI can apply for a Business Account with STATRYS, IBAN Accounts are reserved for companies that have first opened a Multi-Currency Account with Statrys and are incorporated in Hong Kong only (so not for UK companies, if you had in mind this).
Just a remark – according to their FAQ (see webpage), companies registered in Hong Kong, Singapore and the BVI can apply for a Business Account with STATRYS, IBAN Accounts are reserved for companies that have first opened a Multi-Currency Account with Statrys and are incorporated in Hong Kong only (so not for UK companies, if you had in mind this).
They are ok and nice, but the fees for big turnover/transaction are high. Also they have internal compliance to review your transactions regularly. You will get Zoom interview to verify your business when opening account but it is quite straightforward
Just an update re: supported jurisdictions:
The situation apparently have changed in the meantime, now their FAQ claims
“...we accept applications for companies incorporated in many different jurisdictions.
You can apply online if your company is incorporated in the following︀ jurisdictions: • Hong Kong • Singapore • British Virgin Islands
This list will be extended︁ in the near future.
For other jurisdictions, our Support Team will assist you in the︂ application process.”
I understand the above quoted as the issue is open to negatiations 🙂
So IMO worth checking, if someone is interested in HK EMI...
Could you please explain? The webpage claims︄
----
Monthly fee
HKD 88
Minimum deposit
No
Maximum transaction amount
No
Incoming payments
Funds received in HKD – HKD 0
Funds received in other currencies – HKD 70 Max︅
Outgoing payments
Funds sent in HKD – HKD 5
Funds sent in other currencies –︆ HKD 115
FX Fee
as low as 0.2%
-----
(Pricing & Fees)
This I definitely do not consider to be high....
The situation apparently have changed in the meantime, now their FAQ claims
“...we accept applications for companies incorporated in many different jurisdictions.
You can apply online if your company is incorporated in the following︀ jurisdictions: • Hong Kong • Singapore • British Virgin Islands
This list will be extended︁ in the near future.
For other jurisdictions, our Support Team will assist you in the︂ application process.”
I understand the above quoted as the issue is open to negatiations 🙂
So IMO worth checking, if someone is interested in HK EMI...
Could you please explain? The webpage claims︄
----
Monthly fee
HKD 88
Minimum deposit
No
Maximum transaction amount
No
Incoming payments
Funds received in HKD – HKD 0
Funds received in other currencies – HKD 70 Max︅
Outgoing payments
Funds sent in HKD – HKD 5
Funds sent in other currencies –︆ HKD 115
FX Fee
as low as 0.2%
-----
(Pricing & Fees)
This I definitely do not consider to be high....
@Forester for the first 50k of the month, the transaction fee is ok (about 14$ for SHA and 64$ for OUR). But if you remit more than 50k then every 10k you have to pay something. This fee will be high if your monthly transaction up to some hundred thousand USD. The exchange rate is ok but Wise or Currenxie give better rates
Yes, it corresponds to amount that is claimed at webpage.
Oh, well;
– I perhaps understand the background;
– it is true that Statrys presents itself as payment services for SMEs and for many SMEs (or rather SEs) $50k / month is enough;
– but it should be definitely mentioned at pricelist. 🙁
Thanks for sharing, I did︀ not know about it as the persons I know who use Statrys do not reach︁ the limit mentioned...
I agree. 🙁
True. I do not like Wise (so I do not use) but Currenxie gives really good︃ rates, I use it myself.
Oh, well;
– I perhaps understand the background;
– it is true that Statrys presents itself as payment services for SMEs and for many SMEs (or rather SEs) $50k / month is enough;
– but it should be definitely mentioned at pricelist. 🙁
Thanks for sharing, I did︀ not know about it as the persons I know who use Statrys do not reach︁ the limit mentioned...
I agree. 🙁
True. I do not like Wise (so I do not use) but Currenxie gives really good︃ rates, I use it myself.
Yes, of course.
Well, really a lot
– see here https://help.currenxie.com/hc/en-us/articles/4406160191001-Who-can-apply-
(like from anywhere, except U.S. and jurisdictions that are currently under international sanctions or deemed high risk; list of sanctioned and deemed high risk here https://help.currenxie.com/hc/en-us...-can-I-send-and-receive-payments-to-and-from- (valid for onboarding, too).
(But it's OT here, for evt. further discussion it's better go to the thread devoted to Currenxie, there is such one at forum.)
Well, really a lot
– see here https://help.currenxie.com/hc/en-us/articles/4406160191001-Who-can-apply-
(like from anywhere, except U.S. and jurisdictions that are currently under international sanctions or deemed high risk; list of sanctioned and deemed high risk here https://help.currenxie.com/hc/en-us...-can-I-send-and-receive-payments-to-and-from- (valid for onboarding, too).
(But it's OT here, for evt. further discussion it's better go to the thread devoted to Currenxie, there is such one at forum.)
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