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Any experience with Electronic Money Institution | SEPAGA

They have a cyprus BIC/SWIFT so maybe it´s possible to get a cyprus iban for a cyprus company or maybe also offshore?
Why would you not just want to open a Cyprus bank account? If they are easier to open accounts with I admit it's a way better solution, but if they are the same in the procedure to open an account it makes no sense.
 
okay, just send them my application now I will sit back and see what happens, have my fingers crossed cig-:,
 
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Cyprus Company Bank Accounts are expensive and after 9 years hellenic bank canceled (!) the bank account with no real reason.

"
As part of Hellenic Bank Public Company Ltd (the Bank) ongoing review of its policies and procedures, several amendments regarding its mode of conduct have been implemented.


Due to the aforementioned alterations to the Banks policies and procedures, the Bank is no longer in a position to provide financial services to you. In line with the above and pursuant to the Banks Basic Terms and Conditions of Use of Hellenic Bank Services, you are kindly requested to cease any operations that are related to the above mentioned account(s) and/or which are executed by/through the said account(s) as the relevant account(s) will be closed with effect as of 23"
What´s a big bulls**t, f**k hellenic bank, damm idiots!

I am still waiting for bank opening form bank of cyprus, but it´s not very trustful if a cyprus bank canceling a bank account after 9 years with no real reason. If you have a internet business, the banks ask you 1000 questions and request 1000 documents, becuase of "high risk". The onkly high risk is to have money on a cyprus bank ..., however for google adsense we need a cyprus iban.

The biggest no go on cyprus banks is, they don´t like trading (bank of cyprus), bitcoin (all banks), adult, gambling, they don´t want anything.

If you know cheap and easy cyprus banks for online business, please write it ;).
 
The biggest no go on cyprus banks is, they don´t like trading (bank of cyprus), bitcoin (all banks), adult, gambling, they don´t want anything.
Isn't it the exact same with most of the banks! The listed business activities are prohibited by 97% of all banks world wide!

Just my 2cents hap¤#"
 
I had never problems in germany and spain with adult, but here ...
that's very interesting, what banks in Germany do allow Adult same for spain ? I think there are lots of people around this forum that would be interested to know.
 
Much has changed over the last decade!
 
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lol German banks and Adult? Man you may have lived under a rock ever since! List just a single bank in Germany that is please to take on Adult business ?? And we speak anno 2018!
 
Any experience with Electronic Money Institution | SEPAGA

They have a cyprus BIC/SWIFT so maybe it´s possible to get a cyprus iban for a cyprus company or maybe also offshore?
they are damn fucking slow or out of business. I send them my application Friday last week, so far no sign from them. Wonder how long it will take them to response to my application or if I ever will hear from them.
 
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Has anyoneone heard from them yet? I have just send them a reminder asking for a status of my application since I didn't hear anything for 3 days.
 
Have tried to open "Individual Account". Sent them documents like: Passport [certified] / Bank statement [certified] and got the answer by email.

Answer:
Dear Mr. *******,
Good morning!
Hope this e-mail finds you well!
Please note that we do not open individual accounts.

Question:
Hello.
It sounds strange. As I can see on your website you offer this service "Open Account --> Individual Accounts" (see the attached file, please).

Answer:
Dear *******,
We do open Individual accounts but only through a Law Firm.
 
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I contacted them and they respond with the following:

SEPAGA is an E.M.I. (Electronic Money Institution) licensed and regulated with the Central Bank of Cyprus. We offer to international clients a range of financial solutions for managing funds, collecting money and making global payments. We are connected with several banks, Payment Service Providers and card processing companies who complete the infrastructure for these services.

SEPAGA is providing its services on a global scale to clients from all over the world.

We can also provide tailor-made solutions to clients in various business sectors: MMORPG/ Social gaming, Forex / Binary Options, Licensed Online Gaming, Online retail, global management services, affiliate services, Software Technology, MLM, yacht management with the following services available:
  1. Accounts for holding funds (online banking available): corporate accounts/ clients’ accounts/ payments accounts/deposit accounts with available currencies EUR, GBP, USD, RUB, JYP and any other upon request.
  2. E-Commerce payments processing
  3. Issuing of prepaid cards
  4. Customer to Merchant wallet solutions
  5. E-wallet accessed through SEPAGAs account
  6. Currency Conversion
  7. Wire payments: SWIFT/SEPA
They don't require any introducer as it seems! So not sure why the guy above say so.

I will work further with this provider in order to see how the entire process of account opening is going and if it is possible at all despite the comments above!
 
I send them application today for corporate account opening. If that is the entire process it's way easier compared to any other Cyprus or International bank!
 
there is no introducer required if it is company account. I'm in touch with them, speedy replies and friendly service so far!
 
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