Paydo Business Bank Account

[yngmind]

Has anyone had experience with PayDo business/personal IBAN accounts? https://paydo.com/

I had a bad experience with their payment gateway. They scammed me for around $5,000 through fake disputes.

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Business Bank Account for your US LLC Remotely

 

[Martin Everson]

If they scammed you with their payment gateway why would you want to even know‌ about them period?

 

[yngmind]

My friend desperately seeks an EMI‍ and is ready to work even with such companies.

 

[daniels27]

Ok and why did the others not like him?

 

[yngmind]

Most of them just rejected the application.

 

[ilke]

Always had a positive experience with them; they are licensed as an EMI in the‌ UK and Malta. Crypto and iGaming friendly.

Accounts are issued through Banking Circle so they‍ have access to more unique clearing systems, e.g. BACS, Kronos2, better SWIFT processing.

 

[yngmind]

Did you use their business account, or personal, or both?

 

[ilke]

Business

 

[Clearsky Network]

Very good EMI for high risk industries, especially gaming. Fees are a bit high though‌

 

[cckuhqilfownnfctux]

russian roots, $300/mo account fees

 

[Lincoln Burrows]

This EMI I wrote about is Paydo, so⁣ avoid these clowns.

They also told me your business account is approved after supplying all⁢ documents then two days later telling me I got declined!!

 

[Martin Everson]

They just‍ wanted the 300 euros from you sadly.

Sounds like an EMI to avoid.

 

[pipona]

naming your EMI "pedo"
these people really are clueless about branding...

 

[Phillip]

Great account for individuals. It works perfectly for SEPA and FPS transfers. It is not‌ anything special, delivers similar services to other EMIs. On the other hand, I have nothing‍ negative to say. The platform is stable and easy to interact with. Incoming transfers are⁠ usually questioned, but when I provide them with an answer, they review it in a⁤ few hours and all goes through. This is a very good step up for me⁣ from Bankera, where they consistently asked essay-level texts of me to explain why I got⁢ some money.

Recently, they have also been licenced in Malta, a positive reinforcement of adherence.︀

 

[bubbledouble]

For how long have you been using Paydo ?

They have Russian roots as we‌ learned from above replies, so I rather avoid them.

 

[yngmind]

It can be beneficial actually , having Russian roots doesn't‍ mean they're bad.

Look at the crooks from Bankera - how do you like Lithuanian⁠ roots?

 

[GF150]

How do you know they have Russian roots, given the‍ fact that some of them rather have Ukrainian names ?

 

[ilke]

I think it's just made‍ up; the company is definitely fully Ukrainian owned

 

[myshufflemix]

very nice, do they accept US LLC's or European companies only ?⁤

 

[ilke]

They accept many non-EU, e.g. some of the usual offshore like Curacao, Seychelles,‌ BVI, etc.

I don't think they work with US LLCs though; most European companies tend‍ to avoid due to added reporting risk (and large punishments for not reporting if the⁠ company is a US taxpayer)