LeuPay Rejecting Legal, Transparent Businesses

rowena

Building Trust
Entrepreneur
Hello,
I applied for LeuPay business account for my company which is UAE based company. I sent them all required documents and business plan also I completed video verification but today they wrote this:

Dear Sirs,

By this e-mail we inform you on the immediate suspension of the LeuPay Service and termination of the Agreement due to compliance reasons.

Please be advised that your LeuPay Business account is terminated.​

My business is very simple, legal and crystal clear(All documents and structure are legal and real). I make mobile applications for Apple App Store and Apple making payments from directly their official bank accounts. I only work with Apple. This business clean and legal also my source of money is the world biggest and most reputable company!

This is completely ridiculous. They rejected %100 legal and transparent business. I think LeuPay is dangerous company and don't use it for big amounts.

P.S.: I also applied for Transferwise Business account and they opened my account in 5 days...
 

rowena

Building Trust
Entrepreneur
Update: Paysera also accepted my application today. LeuPay creating problem without giving a reason...
 

blizz

Trusted Member
Business Angel
Mentor Group
Leupay so real banks have no obligations to give any reason for why they reject a business or private person! Your business looked shady to them and that's why they rejected it.
 

Old Spice

Active Member
My guess is it's better they rejected you before accepting any funds that might have been frozen after the fact. I'm more worried about banks that accept you as a client and then 3 months later start changing their payments policies to continue with you as a client. i.e. go from 0 to 100 Euros a month in maintenance fees or something similar. Which situation would you prefer?
 

rowena

Building Trust
Entrepreneur
Leupay so real banks have no obligations to give any reason for why they reject a business or private person! Your business looked shady to them and that's why they rejected it.
Not correct. My business is crystal clear and %100 legitimate also have same business relationship with Payoneer since 4 years. I have only one money source and it is the world most reputable and biggest company in the world(Apple Inc) and of course Apple Inc is not doing shady business.

How has Paysera been working for you?
Working with no issues also I am working with TransferWise and again no issues.
 

lookingforward

Building Trust
Entrepreneur
Had almost zero problems with LeuPay yet, was quite sad as they changed their ibans to Bulgarian from Maltese, had some of my money stolen from my account once, they were slow, but i got them back, their support is doing good job as well now. Using both personal and business accs there
 

K12AN

Active Member
This is not a rejection of your business. They have stopped accepting all applications in uae as well as many other countries now.
Very sad, as they were the best solution for me.
What did you do? Who did you move to?
 

rowena

Building Trust
Entrepreneur
This is not a rejection of your business. They have stopped accepting all applications in uae as well as many other countries now.
Very sad, as they were the best solution for me.
What did you do? Who did you move to?
I am using paysera and tw without issues. Which countries are still available for LeuPay business ?
 

rowena

Building Trust
Entrepreneur
Hello,
This is completely ridiculous. They rejected %100 legal and transparent business. I think LeuPay is dangerous company and don't use it for big amounts.
I warned before, they now started to suspend accounts because of compliance issues without giving notice. They closed thousands of customer accounts in one night and now you have to deal with customer service to recover your money.
 

negon

hannibal the cannibal
Business Angel
Commercial Service
They were a bad choice from the very beginning but promoted here by people that simple don't know what they are doing! Anyway, if you have all supporting documents for your company and your person it should still be possible to get your funds released and move to another EMI provider.
 
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