Anybody tried DTS Money? Crypto friendly EMI

[RobertNozick]

DTS Money DTS Money - is operated by (i) Xward Pay Inc. (hereinafter "Xward", "we" or "us"), a Canadian incorporated company with incorporation number BC1332850, located at Suite 2500, Park Place 666, Burrard St., Vancouver, BC, V6C 2X8, Canada, regulated by FINTRAC as a Money Service Business (MSB) with registration number M21791680 and (ii) its partners from time to time.

 

[diatessaron]

Looks like a scam to me. Is this an ad?

 

[JohnLocke]

Is it your site ? the website has no information⁣ only a login? Please reply within the next 24 hours or your thread will be⁢ removed!

 

[RobertNozick]

Wtf guys how am I supposed to ask info about a service without making it‌ sound like an ad?

I just copy-pasted the whole first paragraph from their T&C, and‍ I realised only now that it contains the direct login link instead of the official⁠ website, but it's not my fault.

 

[ilke]

Canadian MSB + European company without a license that is involved for no reason.

According to the register, the company is owned by an Italian living in Monaco.

DTS Money‌ prides itself in offering dedicated IBANs although Canadian MSBs do not have the ability to‍ connect to payment systems or issue IBANs. The MSB is a much less regulated license,⁠ and even lower level than an SPI (although it is not completely value-less).

The website⁤ here does not contain much info. The pricing is vague - and bank transfers are⁣ all free when paying 15 EUR monthly? It makes no sense.

I wouldn't necessarily say⁢ this company is a scam. The owner and CEO publicizes himself, which is already a︀ decent sign. They may have an EMI / PI partner that issues IBANs for them︁ - or maybe even work with a bank to do such. It is possible. I︂ just think the site is slightly unprofessional and the license may be inadequate for some︃ purposes.

Cards and crypto exchange are definitely a cool feature, and I'd like to see︄ how this platform goes on.

 

[semas2]

they are legit

they will provide you an IBAN from Clear Junction ( GB )‌ iban which supports sepa instant.

They will spam you to provide with SoF documents after‍ a threshold of 1500-2000€ and also lock your whole acc meanwhile.

They asking for alot⁠ of documents.

Not recommended,

 

[JackAlabama]

that is def not recommended.

 

[JohnLocke]

You better stay away from them⁤ to avoid troubles and potential los.

 

[Fouche]

Any updates fellow travellers?

 

[Houdini]

Does it need an update if you look at some of the comments.

They use‌ your money as leverage to pressure you into providing as many documents about yourself and‍ your business as possible.

They’re playing a shady game, and I’m sure they do it⁠ this way because they know that 90% of people will give up. If 100 people⁤ walk away and they keep $2,000 from each, that’s a net profit of $200,000, harassing⁣ people and stealing their money while laughing in their faces, knowing there’s nothing they can⁢ do.

STAY AWAY FROM THEM!

 

[ilke]

Is there any evidence for︀ this?

 

[Houdini]

If they’re holding your money like described above, then that’s just how it is. I’m‌ not about to throw $2,000 into the pot to disprove this. Maybe you’d like to?‍