Feedback on wittix.com

Status
Not open for further replies.
Thanks for pointing in the direction of this EMI, I will try to apply for an account with them.

Toggle signature
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.
 
Wittix is licensed and regulated by the Supervision Service Department of the Central Bank of Lithuania and is granted Electronic Money Institution (EMI) licence No. 48, with a payment system participant code No. 33000, and conducts business under the laws of the Republic of Lithuania.

So i thnk it will reported likely ZEN
 
Please check their AUP before applying -

https://wittix.com/acceptable-use-policy

Lots of countries are not accepted, including the UAE.

I have read some reviews on their Trustpilot page regarding the corporate account, and it's not nice.

432432.webp


Toggle signature
I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
___
Business Bank Account for your US LLC Remotely
 
yngmind said:
yngmind said:
I have read some reviews on their Trustpilot page regarding the corporate account, and it's not nice.
Click to expand...
Click to expand...
really you consider Trustpilot to be trustworthy when it comes to services like this ?

Toggle signature
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.
 
EliasIT said:
EliasIT said:
really you consider Trustpilot to be trustworthy when it comes to services like this ?
Click to expand...
Click to expand...
Seems like a legit review, though.

So, to get the corporate account, you need to pay a fee for the account opening and provide a lot of documents.

Toggle signature
I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
___
Business Bank Account for your US LLC Remotely
 
DerAufklaerer said:
DerAufklaerer said:
Wittix is licensed and regulated by the Supervision Service Department of the Central Bank of Lithuania and is granted Electronic Money Institution (EMI) licence No. 48, with a payment system participant code No. 33000, and conducts business under the laws of the Republic of Lithuania.

So i thnk it will reported likely ZEN
Click to expand...
Click to expand...
For sure; and what's the problem?
(Be advised that you will be reported sooner or later by any institution from some AEOI/CRS country.)

EliasIT said:
EliasIT said:
really you consider Trustpilot to be trustworthy when it comes to services like this ?
Click to expand...
Click to expand...

yngmind said:
yngmind said:
Seems like a legit review, though.
Click to expand...
Click to expand...
Well, the validity and reliability of Trustpilot reviews is really close to zero in many cases. Keep in mind that these reviews are (mostly/very frequently) made by biased people who, in addition, lack the knowledge at the field of financial services.

yngmind said:
yngmind said:
So, to get the corporate account, you need to pay a fee for the account opening and provide a lot of documents.
Click to expand...
Click to expand...
It's not exceptional with LT EMIs.
Yet in general, as of the latest actions of the LT regulator, it is better to look elsewhere, I am afraid.

Toggle signature
--------------------------------------------------------------------------------------------------------------------------------------

I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
 
Forester said:
Forester said:
Well, the validity and reliability of Trustpilot reviews is really close to zero in many cases. Keep in mind that these reviews are (mostly/very frequently) made by biased people who, in addition, lack the knowledge at the field of financial services.
Click to expand...
Click to expand...
Well said, trust pilot in the financial industry is most often worthless.

Toggle signature
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.
 
DerAufklaerer said:
DerAufklaerer said:
So i thnk it will reported likely ZEN
Click to expand...
Click to expand...
Reporting is not the problem for my current business, to find reliable EMI's is the problem.

Toggle signature
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.
 
They're very expensive even for first-tier personal/business accounts, which are supposedly low-risk; they charge "€5 + 0.15%" for every sent/received transaction. Both a static fee and a percentage is criminal!

They also don't support SEPA Instant like most of the crappy EU banks/EMIs, so if someone sent you a payment Friday night, you'll get it Monday morning (hopefully).
 
Yes they really suck !!! I've opened with them, as soon as the first wire landed , my account under review asking thousands of irrelevant questions
 
Status
Not open for further replies.

JohnnyDoe.is is an uncensored discussion forum
focused on free speech,
independent thinking, and controversial ideas.
Everyone is responsible for their own words.

Quick Navigation

Forums

User Menu

Login
Community platform by JohnnyDoe © 2025 JohnnyDoe
  • Width
  • Queries
    12
  • Time
    0.5858s
  • Memory
    14.09MB
Top Bottom