EMI solution to transfer 6figs from Epayments

[mepi78]

Hi everyone.

I have a Maltese company with 6figs stucked at Epayments Systems Limited (currently has its services suspended by the FCA as you probably already know) atm. Only reason this company is still open is because it needs the money to pay taxes. After that I'll just close the structure.

With this said, which EMI would you guys advise me to use to transfer this money to and not risking getting it locked again? I have a wise and payoneer account currently. Had Revolut too, but for some reason they just closed the account without giving any explanation.

Thank you

 

[Sols]

As long as the funds are clean (provable origin, legit business, activities fit within the new EMI's acceptance policy), running it through a Wise or Payoneer business account should be fine. There's probably no need to open another account for the company.

If you plan to liquidate the company, you could look into placing the funds in an escrow or trustee account with a lawyer while you go through the dissolution process. The account wouldn't be in your name, which could make transferring out difficult if the sender (Epayments) requires that the beneficiary names match.

 

[Gediminas]

With this said, which EMI would you guys advise me to use to transfer this money to and not risking getting it locked again?

Wise could lock your account for no reason. It happens to many. Eventually, they will unblock it if there are no issues but expect to receive generic support while dealing with it.

I would recommend Bankera if you want to feel safe.

 

[mepi78]

I contacted wise support to make sure everything goes smoothly before transferring any money there. So far they seem very responsive, they asked me for the source of funds, bank statements, financial statements etc. Let's see what they say.

 

[Alex Fr]

Is Epayments going back to operation?