List of EMI that are/aren't related to the Russian mafia

[Igemon]

If you are talking about topic starter, the problem is that EU-based Russian-controlled EMIs have a‌ tendency to be permanently closed for various reasons 🙂
If you were asking about me, Russian-based‍ EMIs are not suitable since they will report all activity to Russian government, and that's⁠ what I'm trying to avoid.

 

[rey skywalker]

paysera satchelpay koalapay moorwand , for sure these belongs to russians

 

[minotari]

1) US- and EU-based EMIs report to the US and EU respectevely. Is‍ this a news?
2) What's Russian-based EMI? Based in Russia or related to Russia? If⁠ based in Russia, and you live in Russia, what else would you expect from such⁤ a EMI? Any EMI in any country will do the same.

 

[Igemon]

1) No, that's not a news and I totally don't care about US and EU, let⁤ them know everything.
2) I mean based in Russia, of course. They report everything by⁣ default. But Russia doesn't have CRS agreements even with every EEA country, all the more⁢ so non-EEA.
For example, if US, UK or Lithuania based EMI agrees to send a︀ card to Russia, that would be what I'm looking for.

 

[PaulKruger]

That's a good⁤ point. As someone above said, he never has more money in his wallet then what⁣ he would spend in the nearest future. If that is the case, risk may be⁢ very low.

 

[alexor424]

Don't you think it is bit racist post? Not all Russians are criminals.

 

[Martin Everson]

Russia has many races btw but I get the gist of what‍ you mean.

I would say no not all Russians are criminals but in terms of⁠ EMI's feel free to post some clean Russian controlled EMI's we can use that are⁤ not mafia related. Look forward to your list.

 

[rey skywalker]

bank of lithuania has stopped issuing licence to s russians by the way , but‌ uk is still very happy with it

 

[JohnLocke]

where did‍ you read about it?

 

[Willblack]

Tell me an EMI...hell⁤ tell me a bank that isn't mafia-related...

 

[Martin Everson]

Transferwise
Bunq
etc

 

[Paper Chaser]

I just enjoy your posts, dude.‌ rof/%

99% of people in here claiming to have problems with TW.

Regarding bunq...

Honestly, is‍ there any of the more advanced users in here using ANY EMI around the globe⁠ on a daily basis? Not talking about small summs, talking about real business accounts and⁤ activities.

The more I get into this whole topic, because I can‘t seem to find⁣ a real bank for my business yet, the more I lose hope in the digital⁢ banking sector.

 

[Igemon]

Depends on your definition of "small".⁠ Some business just don't have any alternative.

 

[LisaSimpson]

I use Wirex, Revolut, Epayments, Epayservice, Payoneer, Paxum
As a business I use TransferWise and N26⁢
Usually, when you open an account as a business, there aren't as many problems as︀ if you would have an individual bank account. It is like they didn't implement all︁ the algorithms to block you or maybe I flew under the radar.
I had problems︂ with epayments and paxum.

I don't trust also the horror stories about EMIs. I just︃ created this thread to mention that we should diversify our portfolio. It does not make︄ sense to apply this approach to banks. EMI facilitates this diversification. It is important to︅ put all eggs in the same basket.

In fact, I had more problems with real︆ banks than EMIs. In France, Credit Mutuel blocked 10000 euros. In the UK, LLoyds blocked︇ 20000£, I lost a lot of money because of Deutsche bank.

 

[Igemon]

Especially Epayments‌ 😉

 

[Paper Chaser]

Holy moly, 8 banking accounts... I would be fine‍ with using a combination of 2 accounts, but that‘s just way too much.
May I ask how y‘all are losing money⁢ with them? Darks/shady business? Don‘t want to dig any deeper, I just wonder why would︀ you lose any money you legally put there. 😉

 

[Martin Everson]

Issue most people have with EMI's that complain is because they fall into high risk‌ category personally. You often get a guy living in an EU country with a Iraq,‍ Iranian, Lebanese, Russian or Nigerian citizenship but use there EU ID card to open a⁠ business account with an EMI. He does for example a large transaction or multiple payments⁤ outside EU to i.e Serbia, Lebanon or has unverifiable clients outside the EU. He may⁣ also visit these and strange countries and access the service while there. Then EMI closes⁢ his account. He comes on here screaming that his account was closed for no reason︀ and his activity is legit. In his mind he doesn't think of himself as high︁ risk i.e by looking at his business account balance on his mobile from an IP︂ address in Iran...lol.

 

[burden]

99% okay I'm part of the 1% that does not have problems with‌ TW yet 😀

I agree, using AdvCash + TW and Paysera every day.⁠

 

[Paper Chaser]

Ohhhhh.... Do you really think most︃ of these complaining people fall into this category?

Edit: I always thought it's the shady︄ people having something to hide.

 

[12345]

Maybe I am missing something but why wouldn't⁤ you use mail forwarding service? For example have a company receive the card for you⁣ in Germany and then ship it to you in Russia?