New EMI - Settlego

[Emily Rimlins]

Hi All!

I want to introduce a new EMI, Settlego.

Website: www.settlego.com
Currency: EUR
Banking Supplier: Deutsche Kontor Privatbank
Rates: MIXED! They seem to be pretty new and their rates vary from literally zero (just charges on currency exchanges) up to 2% inbound for "high risk". They define high risk as FX/BINARY/GAMING.

Looks like they won't accept Bitcoin "yet".

KYC - crazy simple! Just a utility bill and ID! They opened a test account in 1 hour!

I am guessing things will change once they get more mainstream but for now they seem very easy!

Hope this helps!

Em

 

[Okanda Fernando]

Thank you @Emily Rimlins

 

[negon]

Do you asked them when they will be accepting cryptocurrency?

 

[diablo]

Looks great so far I will have to open an account with them to check‌ it out! thanks thu&¤#

 

[Emily Rimlins]

Yes I asked. No Cryptocurrencies allowed, currently...

 

[Emily Rimlins]

They do seem good. But new, which‍ is good and bad 🙂

 

[negon]

That's bad‌ news, let's hope they get this done ASAP

bad news actually.. no one⁠ knows hoe much money they are backed with nor if they go out of business⁤ anytime soon.

BTW: you can reply to several replies in a thread in one post⁣ just by hitting the reply button as you may have seen now I have done⁢ 😛

 

[jryan54]

Hi Emily,

nice post! It's going to be interesting to see what sort of businesses︀ they will allow to use their service and what countries. I might have to shoot︁ them a message to see if they are okay with certain jurisdictions.

Will report back︂ 😉

 

[Emily Rimlins]

Hey!

They accept all business types! Their only stipulation is⁠ they may not accept funds from certain jurisdictions and also may only allow B2B deposits.⁤ Of course, they do not allow Bitcoin currently.

So, it looks like the list of⁣ blocked jurisdictions (for company accounts):

USA, Vanuatu, Syria, Afghanistan, Iraq, Iran, Somalia, DR Congo, North⁢ Korea and all other countries on the FATF blacklist. I registered a Marshall Islands FX︀ Brokerage for a client and it was accepted but they said they will not process︁ funds from the US, Canada, France, UK, Belgium, Germany, Cyprus or any other EU state︂ where a license is required to perform FX operations!

Hope this helps!

Em

 

[aplusbangla]

your sign up page doesn't work "Parameter clientDTO.detail.industrySectorType cannot be null or empty." i got‌ this error alot when I try to join the website.

 

[JohnK]

How do you open an account with this provider?

 

[icecold]

would like to know that too.. seems they shut down for new signups!

 

[jauser]

Does anyone know when they will finish their trial period to offer full register option?‌

 

[diablo]

second tht.. if someone know please post. So far I‍ tried to reach out to them by e-mail if they respond I will post here!⁠

 

[MrTony]

Guys, maybe somebody already had business with them. I would be grateful for any responses‌ or comments.

 

[moneyrequired]

anyone have fresh information about this EMI?
anyone have business account with them?

 

[JohnSeed]

They work fine for me, don't really had any issues but only used them with‌ small amounts . 5K, 10K and so forth. They have not requested additional information after‍ approval nor did they asked for anything else everything working smooth so far.

 

[rey skywalker]

so do you suggest them ?

 

[moneyrequired]

How long does it usually take to setup a business account?
Do you know fees?‌
do you know if they provide multicurrency account, cards etc?

Does they work as normal‍ EMI(such as leopay, revolut) ?

 

[JohnSeed]

They work as a normal EMI i.e. Revolut and transferwise etc. It took me 3‌ days to get the account opened and I have one business account only, no card.‍