banking.TOP

Our valued sponsor

EmiratesSetup
SWISSMONEY Iban Accounts with Sepa
EmiratesSetup

How long does it usually take to get verified with EMI?

Butcher82

Butcher82

Active Member
Mar 22, 2018
69
18
8
42
Visit site
#1
Hello!

Anyone has a hint on how long it usually takes to get verified with the major EMIs like LeuPay, TransferWise, Paysera and Revolut?

I created the Business profiles there about a week ago and they are still under review, not asking any additional docs or anything. I wrote to their supports and they told me just to wait.

I'm guessing how long this all verification process takes. And maybe someone has some tips on how to get verified there more easily? I am going with UK LP company, e-commerce business :)

Thanks!
 
  • Like
Reactions: Spinat
#2
A week is not really much time for a corporate account opening wait at least two weeks. There is no shortcuts in compliance I am afraid.

Not sure if e-commerce companies is their target client base either. They are not a merchant account service provider and there is no defined client base that comes with e-commernce. Unless you say customers come via apple or android store or a third-party merchant processor it would be high risk for Transferwise to accept wires directly from strangers.

Let us know how you get on. I am sure everything will be ok. It's just my personal thoughts.
 
#3
Thanks a lot for your thoughts, Martin. They write everywhere "get IBAN same day" and this is never true :)

I have an online billing provider and need to get the funds from the billing to this account. And chose EMI to the normal banks as I thought it works faster :)

I will be getting wires only from the billing, nobody else. Hope this is fine for them.
 
#4
Butcher82 said:
Thanks a lot for your thoughts, Martin. They write everywhere "get IBAN same day" and this is never true :)

I have an online billing provider and need to get the funds from the billing to this account. And chose EMI to the normal banks as I thought it works faster :)

I will be getting wires only from the billing, nobody else. Hope this is fine for them.
Click to expand...

Ok that's a tidy setup and how a EMI or bank would expect it to be done.

Keep us updated :)
 
#12
GCE said:
Yes, i have been using them on everyday basis for around 2 years. Great service!
Click to expand...
Thanks for the feedback, going to try them out. They look like the daughter company of LeuPay.
There's a message inside that they are changing IBANs since next week to the other bank or something. Do you have the same? :)
And are you receiving and sending wires without problems? Or they ask for supporting documents or anything?
 
#14
Butcher82 said:
Thanks for the feedback, going to try them out. They look like the daughter company of LeuPay.
There's a message inside that they are changing IBANs since next week to the other bank or something. Do you have the same? :)
And are you receiving and sending wires without problems? Or they ask for supporting documents or anything?
Click to expand...
if that is the case and from what I read then it's a no go - or did you try them already ?
 
#18
Took me less than 1 day to get verified with MT!
 
You must log in or register to reply here.
The Kingdom Bank

Forum Announcement

Latest Threads

SWISSMONEY Iban Accounts with Sepa
Offshore Bank Accounts
The KingDom Bank
Top Bottom
Back