New EMI - Settlego

[Emily Rimlins]

Hi All!

I want to introduce a new EMI, Settlego.

Website: www.settlego.com
Currency: EUR
Banking Supplier: Deutsche Kontor Privatbank
Rates: MIXED! They seem to be pretty new and their rates vary from literally zero (just charges on currency exchanges) up to 2% inbound for "high risk". They define high risk as FX/BINARY/GAMING.

Looks like they won't accept Bitcoin "yet".

KYC - crazy simple! Just a utility bill and ID! They opened a test account in 1 hour!

I am guessing things will change once they get more mainstream but for now they seem very easy!

Hope this helps!

Em

 

[Okanda Fernando]

Thank you @Emily Rimlins

 

[negon]

Do you asked them when they will be accepting cryptocurrency?

 

[diablo]

Looks great so far I will have to open an account with them to check it out! thanks

 

[Emily Rimlins]

Do you asked them when they will be accepting cryptocurrency?

Yes I asked. No Cryptocurrencies allowed, currently...

 

[Emily Rimlins]

Looks great so far I will have to open an account with them to check it out! thanks

They do seem good. But new, which is good and bad

 

[negon]

Yes I asked. No Cryptocurrencies allowed, currently...

That's bad news, let's hope they get this done ASAP

They do seem good. But new, which is good and bad

bad news actually.. no one knows hoe much money they are backed with nor if they go out of business anytime soon.

BTW: you can reply to several replies in a thread in one post just by hitting the reply button as you may have seen now I have done

 

[jryan54]

Hi All!

I want to introduce a new EMI, Settlego.

Website: www.settlego.com
Currency: EUR
Banking Supplier: Deutsche Kontor Privatbank
Rates: MIXED! They seem to be pretty new and their rates vary from literally zero (just charges on currency exchanges) up to 2% inbound for "high risk". They define high risk as FX/BINARY/GAMING.

Looks like they won't accept Bitcoin "yet".

KYC - crazy simple! Just a utility bill and ID! They opened a test account in 1 hour!

I am guessing things will change once they get more mainstream but for now they seem very easy!

Hope this helps!

Em

Hi Emily,

nice post! It's going to be interesting to see what sort of businesses they will allow to use their service and what countries. I might have to shoot them a message to see if they are okay with certain jurisdictions.

Will report back

 

[Emily Rimlins]

Hi Emily,

nice post! It's going to be interesting to see what sort of businesses they will allow to use their service and what countries. I might have to shoot them a message to see if they are okay with certain jurisdictions.

Will report back

Hey!

They accept all business types! Their only stipulation is they may not accept funds from certain jurisdictions and also may only allow B2B deposits. Of course, they do not allow Bitcoin currently.

So, it looks like the list of blocked jurisdictions (for company accounts):

USA, Vanuatu, Syria, Afghanistan, Iraq, Iran, Somalia, DR Congo, North Korea and all other countries on the FATF blacklist. I registered a Marshall Islands FX Brokerage for a client and it was accepted but they said they will not process funds from the US, Canada, France, UK, Belgium, Germany, Cyprus or any other EU state where a license is required to perform FX operations!

Hope this helps!

Em

 

[aplusbangla]

your sign up page doesn't work "Parameter clientDTO.detail.industrySectorType cannot be null or empty." i got this error alot when I try to join the website.

 

[JohnK]

How do you open an account with this provider?

 

[icecold]

How do you open an account with this provider?

would like to know that too.. seems they shut down for new signups!

 

[jauser]

Does anyone know when they will finish their trial period to offer full register option?

 

[diablo]

Does anyone know when they will finish their trial period to offer full register option?

second tht.. if someone know please post. So far I tried to reach out to them by e-mail if they respond I will post here!

 

[MrTony]

Guys, maybe somebody already had business with them. I would be grateful for any responses or comments.

 

[moneyrequired]

anyone have fresh information about this EMI?
anyone have business account with them?

 

[JohnSeed]

They work fine for me, don't really had any issues but only used them with small amounts . 5K, 10K and so forth. They have not requested additional information after approval nor did they asked for anything else everything working smooth so far.

 

[rey skywalker]

would like to know that too.. seems they shut down for new signups!

so do you suggest them ?

 

[moneyrequired]

How long does it usually take to setup a business account?
Do you know fees?
do you know if they provide multicurrency account, cards etc?

Does they work as normal EMI(such as leopay, revolut) ?

 

[JohnSeed]

They work as a normal EMI i.e. Revolut and transferwise etc. It took me 3 days to get the account opened and I have one business account only, no card.