Is SatchelPay reliable?

[katalizator]

I've just created a business account on SatchelPay. I want to use it for my business. Next week I need to receive 50K USD. Do you think it's safe to receive such payments on this emi? As far as I know they don't have good reputation but it's licensed emi.
Will you rely on this emi?

 

[Gediminas]

Hey, 50k isn't a high amount for the business account. You should be fine.⁣

I don't have any experience with this EMI, though.

 

[CaLViN]

Have an account with them but havent started using.
They dont have cards.
I dont‌ trust them.I just feel that.

 

[Martin Everson]

Have a good read‌ through these threads below. You need mentor group access to read the first one so‍ worth getting if you plan on receiving 50k via them.

https://www.offshorecorptalk.com/threads/satchelpay-any-feedback.25119/
https://www.offshorecorptalk.com/th...ia-restricted-activities-of-satchelpay.26681/

 

[JohnLocke]

Was just to post the link that @Martin Everson posted. You want to have a‌ good read there and reconsider your options.

 

[dvm]

Hi guys, for those who don't have access to the mentor group, what is the‌ bottom line in regards to SatchelPay - is it trustworthy or not?

 

[alexor424]

I'm working with them for around 2 years- i haven't had any problems with them.‌
Support is quite nice russian-speaking girls.

 

[bluehorseshoe007]

Does anyone know how I can get funds back from my business account with Satchel‌ that were sent (allegedly) from my account to a UK bank. Satchel claim it was‍ sent correctly, but the funds have gone missing. I have requested a recall of the⁠ payment, but it was issued weeks ago and they have not given any timeframe for⁤ resolution or even proof that a recall was issued. I have raised a formal complaint⁣ and have had no response. I contacted the Central Bank of Lithuania and they have⁢ said because it is a business account, they won't do anything. It seems to me︀ that they have just stolen the funds.

 

[Martin Everson]

Did you instruct the transfer from business account?

If I understand correctly⁤ that Satchel sent it correctly following your instruction to do so then why should they⁣ care after it left their system successfully unless you want further action? They can't control⁢ what receiver or even certain intermediaries do with the funds unless they guarantee delivery of︀ funds in their terms and conditions.

If Satchel initiated︃ a recall then it can take sometime depending on where funds actually are.

What currency︄ and amount did you send?

I wouldn't assume that although my views about the︆ company are not positive.