Suggestions for a reputable EMI like Wise, Paysera...

[newNomad]

What other EMIs beside those two (Wise and Paysera) have good reputation, are not blacklisted anywhere and have a reasonable operational process (i.e. not micromanaging every transaction, not bugging with docs all the time if sending 1k to a friend...) and a comparable cost to TransferWise?
Revolut for instance seems blacklisted at some places; my friend has it and could not pay even the road toll at some places in EU, some gas stations POS also would not accept Revolut card due to some generic error messages, even some ATMs

Also when looking into an EMI, what is the best jurisdiction to look for? All these small startup emis seem to sit all in Lithuania or Estonia...

 

[Hincapie]

Following

 

[JohnLocke]

Personally I did this, created the account, contacted their support to ask who I have to contact at Wise (TW) to get a opinion of my business and if it is accepted by Wise! It took them 2 weeks to reply the first time just with a standard answer, so I contacted their live chat and asked the same question again, the operator just gave me a standard answer.

After a week I send Wise another ticket from inside my account explaining my frustration and why I'm asking for an official approval by Wise for my business. It took them again 1 week to answer, this time they asked me for a lot of details about the business etc. after only 2 days they got back with a official statement that they accept the business and they will have no issues except from that they had to comply with AML regulations as any other bank too.

So far so good, no issues with any transfers.

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[Sadhu]

Admin said:
Personally I did this, created the account, contacted their support to ask who I have to contact at Wise (TW) to get a opinion of my business and if it is accepted by Wise! It took them 2 weeks to reply the first time just with a standard answer, so I contacted their live chat and asked the same question again, the operator just gave me a standard answer.

After a week I send Wise another ticket from inside my account explaining my frustration and why I'm asking for an official approval by Wise for my business. It took them again 1 week to answer, this time they asked me for a lot of details about the business etc. after only 2 days they got back with a official statement that they accept the business and they will have no issues except from that they had to comply with AML regulations as any other bank too.

So far so good, no issues with any transfers.
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Be aware of TW- they have an easy onboarding policy, but then they shut many accounts without explanation. It takes ages to get found back and customer service is appalling. I had many legitimate businesses who experienced it, even with the most vanilla transactions.

 

[uplana]

Sadhu said:
Be aware of TW- they have an easy onboarding policy, but then they shut many accounts without explanation. It takes ages to get found back and customer service is appalling.
Click to expand...

I'm not sure if I agree to that. You have to approach their support first before you start doing business with them. Speak with someone there that want to learn about your business and that can give you in written that Wise / Transferwise is fine with it.

@Admin posted about it in some guide inside mentor group gold, I followed that advise and had until today not a single issue.

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[sonato]

uplana said:
@Admin posted about it in some guide inside mentor group gold, I followed that advise and had until today not a single issue.
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it's wise to have a look at what others do before just go ahead and make mistakes.

 

[DavidS]

Are there any EMIs that accept 6-7 figure sum from US broker and then allow transferring to crypto broker?

 

[ZeroEx]

DavidS said:
Are there any EMIs that accept 6-7 figure sum from US broker and then allow transferring to crypto broker?
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Now a days, I guess would be impossible to find one for 6-7 figure sum. Intensive checks would be there for you!