Question about EMI

[countryfree]

I have a question. I have no experience with any EMI, but I've read that some don't provide IBANs, and that when a client makes a transfer, from his EMI account, to a third party, the name of the client doesn't appear. This could be interesting to me... But what does the third party see? Just that a bank transfer has arrived from some unknown company in Lithuania or elsewhere?

 

[Samuel Newman]

exactly, from Paysera LT, Epayments Ltd etc.
but your name‍ or name of your company may appear in the payment reference

 

[MrTony]

Absolutely right.

But such situation usually appears when you transfer funds outside SEPA.

 

[countryfree]

Thanks a lot for the reply! I could use that. I've said Lithuania because I‌ believe there are several EMIs which are based there, so it works like this with‍ Paysera, good to know. I could use that to make payments in the UK or⁠ Italy, with an order number as a reference, so the recipient would identify me as⁤ the source, but without my name actually appearing. Of course, I understand my name would⁣ be recorded by the EMI, but it's still nice.

 

[Samuel Newman]

I am afraid it will not work for UK and Italy, because both countries are in⁢ SEPA zone
And most of EMIs have direct SEPA

 

[countryfree]

Hmm, I guess this was expected. Things cannot be so easy in the EU.
I'm doing less and less business within the EU, and I guess that someday I will‌ forget it completely.