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eWallet solution for a South African company

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lrotter

lrotter

🗣️ Active Recruit
May 30, 2019
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Hello!

Maybe you could advise.
We need an EMI solution for a South African company, Business activity of the company is giving call center services to offshore company's that hold forex brands.

Would be very grateful for your recommendations.
Thanks.
 
Thank you for a quick reply and a tip.
We tried a lot of EMIs from this list, but was declined.
If so, could you⁤ please advise, what is the best way to represent such company to EMIs?
 
Why were you declined firstly? Was it because your clients are offshore forex‌ companies? Are they licensed and regulated.

You may perhaps consider omitting any mention of Forex‍ if you can.
 
In our case they (forex) are not licensed.
Okay, I understand that no details about‌ it shall we disclose to EMI, but we checked most of pisted in the EMI‍ lists here and still no one is will ing to deal with SA.
So any⁠ good experiences from members here to open account for SA call center?
 
You want a EMI account for a South African business receiving funds from an unlicensed forex broker and you hope to get an account? 🙄

Open a bank account with the‌ same bank the unlicensed forex broker uses ca#"!. Or perhaps erabanq.com.
 
It's not just that you're South African. You can probably find lots of EMIs which‌ work with South African businesses as it's not a blocked country and usually considered reasonably‍ safe. So while that is a bit of a drawback (limits your choices), it's your⁠ involvement/association with unlicensed forex that really nails the coffin shut.

You can try one of⁤ the dodgier EMIs/PIs like MoneyPolo, MoneyNetInt, or Payment-Execution. If not even they will take you,⁣ you're probably out of luck.
 
Moneypolo died ages ago it was a Russian laundromat naturally operated by‍ Sergey Mayzus. The U.S struck again over services it offered Btc-e exchange 🙄.
 
I see... That explains a couple of email threads from a few months ago.⁠ 😀
 
I keep telling people stay away from all Russian owned EMI's and that includes Revolut.‌ The below formulae can be scientifically proven over and over and over again

EMI +‍ Russian = Laundromat
 
Unlicensed forex operators don't have a lot of choice. They just have to hope they're‌ quick enough to jump ship before it sinks. One of many reasons acquirers are throwing‍ them all out.

The business described here isn't a traditional call center. They're calling customers⁠ up and convincing them to deposit money through deceptive and misleading marketing. Then the forex⁤ broker shuts down as the chargebacks start coming in.

I don't see OP having much⁣ luck getting an EMI account with anyone other than a laundromat looking for some "clean"⁢ volume to pad the money laundering.
 
I can hear already the conversation‍ you can have when you call them for this information:

"Hello Mr. unlicensed forex broker,⁠ could you tell me where you are banking? I am not asking to blackmail you⁤ next time we have trading error dispute to close your outfit down in seconds, I⁣ am only asking to make your life easier when you give me my money back."⁢ 🙂
 
Makes sense now....his running⁠ a boiler room operation for offshore unlicensed fx business 🙄.

That's pretty much⁢ the truth - for even satabank
 
OP you will not find what you are looking for. Your operation is unlicensed and‌ for that reason you will have to work around a lot to find anything. It's‍ going to be very time consuming and costly.
 
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