Do you know PaySend a swiss neobank?

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burden

Mentor Group Gold

JohnnyDoe

Mentor Group Gold
As the title say, do you know Paysend ?

They are Swiss based neobank. They can send international transfers for just 2 CHF - I don't know if that's only for personal use and no company use?
Paysend is a UK (Scotland) company. They offer pure money transfer and currency exchange services, like xe.com.
Depending on where you visit them from, they appear to be based in that country (typical marketing trick).
I never used them, but I have an account, so I will try. Thanks for reminding me that they exist :D
 

Sols

Staff member
Mentor Group Gold
They are not Swiss. It's a UK EMI.
Paysend plc is authorised and regulated by the Financial Conduct Authority in the United Kingdom, reference number 900004. Company number SC376020. Global HQ: 20 Garrick Street, London, WC2E 9BT, United Kingdom

It's a little strange that their claimed UBO (PSC) to the UK Companies House shares surname with another person, who claims to be the company's founder. It does not seem like a stretch to imagine that the real UBO is the founder but they have presented the founder's spouse as UBO for some reason.

They occasionally run aggressive marketing campaigns. Their focus is more on sending money than keeping a balance on an account.
 

lostguy

Mentor Group Gold
Regular EMI bank, not useful for much
 

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