Epayments for personal use

7889

Building Trust
Entrepreneur
Mentor Group
After initial verification was done, epayments is asking for description of provided services and supporting docs like agreement, invoice or screenshot. Are they not OK with just using their personal account as current account for everyday spending/online shopping and such? Will i need to provide supporting docs for all incoming transactions?
 

Admin

Forum Moderator
Staff member
Most often you will have to provide supporting documents. I got a personal account approved but as soon as I start using it they started to ask for additional docs.

But generally I have had only bad experience with ePayments I must say, so let's see if others will respond here.
 

7889

Building Trust
Entrepreneur
Mentor Group
Most often you will have to provide supporting documents. I got a personal account approved but as soon as I start using it they started to ask for additional docs.

But generally I have had only bad experience with ePayments I must say, so let's see if others will respond here.
May i ask, were you approved also after answering questions similar to mine or it was easier?
 

CaLViN

Building Trust
Entrepreneur
You have to pass the initial KYC.
Thenafter you will receive questions about your first or second incoming transfer.This is quite normal.You have to explain them the reason of the transfer.
Then you should be good to go.No more questions.
 

7889

Building Trust
Entrepreneur
Mentor Group
You have to pass the initial KYC.
Thenafter you will receive questions about your first or second incoming transfer.This is quite normal.You have to explain them the reason of the transfer.
Then you should be good to go.No more questions.
Are they OK with using account for personal spending and not for receiving payments?
 

CaLViN

Building Trust
Entrepreneur
I am receiving payments from 2-3 companies.
30-60 K some months.No transfers some months with no operations at all.But no questions.They never ask me about transfers or anything.It is like my local bank account. :)))
 

kroken

Active Member
I am receiving payments from 2-3 companies.
30-60 K some months.No transfers some months with no operations at all.But no questions.They never ask me about transfers or anything.It is like my local bank account. :)))
You receive to your personal account and the you spend the money or you withdraw it?
 

CaLViN

Building Trust
Entrepreneur
Spend and withdraw.
I havent had problems with atm withdrawals before.I have friends with personal accounts.They both spend and withdraw and no issues at all.
I have a friend who withdrawn 350K euro in one year from one personal account.
 

CaLViN

Building Trust
Entrepreneur
We also have TW accounts but they dont seem stable actually.They might ask tons of questions or even close your account.
They dont issue cards for Non-EU residents,too.
 

kroken

Active Member
We also have TW accounts but they dont seem stable actually.They might ask tons of questions or even close your account.
They dont issue cards for Non-EU residents,too.
thats good. you only use business account with epayments? what KYC questions do they ask?
 

Admin

Forum Moderator
Staff member
May i ask, were you approved also after answering questions similar to mine or it was easier?
Yes they didn't asked more questions after the 5th or the 10th document I send to them. I'm not using this service any longer, just to risky. My transaction was a small one so if they wouldn't have approved it I would not bother.
 

CaLViN

Building Trust
Entrepreneur
I both use personal and business accounts on ePayments.
Regular questions like where is the money coming from,going to/ where are you working / how do you earn your income..
 

CaLViN

Building Trust
Entrepreneur
I dont know about their CRS status but they are using Rietumu bank in Latvia.
We have accounts for UK LTDs.
 

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