Simple and inexpensive EMI for business account

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I understand this as‍ when you receive payment from 3rd party via local payment system which they support, i.e.⁠ CHF via SIC, EUR via SEPA, GBP via Faster Payments, USD via ACH/Fedwire, CAD via⁤ EFT. This is a flat fee, every single collection is free then. (Probably there is⁣ no such fee when you do not use these payment systems but SWIFT only.)

Currenxie does not issue cards to EU⁢ (non-HK, in general) companies, unfortunately.
(As it is known here, I personally do not recommend︀ Wise: https://www.offshorecorptalk.com/th...est-how-diversify-the-money.43188/post-282826)
 
well I don't have any issues with Wise.

I think that one‌ should separate their own personal opinion from others' opinions; just because one doesn't share the‍ same opinion, it doesn't mean that one is more right or wrong than the other.⁠

I am sure that if one delved into many of the accounts that Wise closes,⁤ in 99% of cases, there would be very good reasons for why the account was⁣ closed. It’s just that nobody talks about that.
 
I believe,‌ competely 🙂. I am aware that Wise works for many. And good for you!

Of course.

In general, I share this opinion of︀ yours. Just as far as I have witnessed, it's not 99% of cases. I do︁ not dare to say what % it is; but definitely a remarkable one. Yet simply,︂ as I elaborated in the referenced post: the chances not to have problems are too︃ unpredictable and too uncertain, especially for more complicated business cases. FMPOV.
 
The word "collections" makes me think of⁣ a direct debit type scenario where the payment is actioned by the receiver (collected). So⁢ just receiving funds that a 3rd party credited (sent) to your account wouldn't trigger the︀ management fee.
 
Yes, I understand your‍ perspective – and frankly, it sounds reasonably. Yet it is true that accounts (often pooled⁠ ones) that EMIs use for receiving payments in various local payment systems are commonly called⁤ “collection accounts“ (honestly, I do not know the background; but it is so). Hence my⁣ hypothesis.

Of course the best way how to check what does it all mean is⁢ to ask Amnis support 🙂
 
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