Connectpay!!

[aplusbangla]

Hey,
I was trying to make an account at Connectpay but it looks like it is harder than I thought, is there someone already have an account with them, I made manytime pro account with other websites but never got too many questions and ask for many papers! and I don't know what other benefits beside pro IBAN!.
please if someone can tell me if this worth to create an account here or not.

 

[negon]

WoW you mean ConnectPay | Banking made easy right ? That's a hell of a‌ lot of information they are asking for!

 

[aplusbangla]

yep ConnectPay | Banking made easy - I start to believe they work for the‌ CIA hh

 

[aplusbangla]

do you know‍ any alternative?

 

[negon]

Somewthing special with them that I can't say right now? let me know otherwise I‌ know a few others I can post here.

 

[Martin Everson]

50 euros a month service charge aka 600 euros a year just to have a‌ basic business or personal account with that no name Lithuanian EMI that has been in‍ business less than one year..lol.

 

[blizz]

Isn't it the same with most EMI's - they have not been in business long‌ time see LeoPay, MT etc.

There are lots of alternatives, question is, what makes this EMI special to you? Did⁠ they offer you something that you need?

 

[MrTony]

They do not accept offshore companies.
Very hard compliance.
But they responded very quickly.

 

[blizz]

So they are useless!

 

[Martin Everson]

Who is their target customer if they have hard compliance and high fees ns2. What‌ normal legit human being living in the EU is going to pay 50 euros a‍ month to have an EMI account? They are either drunk or think they are⁠ the only game in town. For a non-EU resident they want 100 euros a month⁤.🙁

For non-EU business accounts the fees are outrageous.ja334¤¤#. There business model is⁣ already dead on arrival I can tell you. They will have to step back from⁢ these fees or close their business down. Avoid this company like the plague nin%¤#.

https://account.connectpay.com/IBANAccountsForBusiness_PriceList.pdf

 

[Bmw850]

I approached them for a business account. When they told me the fees for the‌ application process, I laughed.
Since, every 2 days I receive a reminder by mail, I‍ think they need my 750 euros

 

[porkie]

Do they require video verification or selfie with id of any kind?

 

[aplusbangla]

i dnt think so but if you are all the papers you can‌ open account at better websites

 

[porkie]

What'd you recommend? I have papers in‍ place but I'm not able to pass video verification.

 

[Bmw850]

No they don't , but they have very expensive fees. It's not worth‌

 

[Tax Cow]

High fees are a motivator to have a little respect for the clients. Unlike MT‌ or LP and iCard that can afford to dump thousands of customers overnight.

With that‍ said, I think everyone's correct their fees are not adequately priced. CIM in Switzerland has⁠ about the same fees and corps registered in tier 1 offshore jurisdictions with reporting requirements⁤ are welcome.

At around willingness to pay EUR 1,000 - 1,500 a year for simple⁣ banking services, you can already prod well known banks to see if they will take⁢ you on. Including the ones who say they do not accept offshore corps.

 

[blizz]

As already said, they are useless and people that use this service are either drunk‌ or plain stupid as @martin already pointed out!

 

[profitbbb]

🙂) You can try to search introducer which‍ has a connection inside but it costs money. I am not sure it is worth⁠ to deal with connect pay