Question about EMI

[countryfree]

I have a question. I have no experience with any EMI, but I've read that some don't provide IBANs, and that when a client makes a transfer, from his EMI account, to a third party, the name of the client doesn't appear. This could be interesting to me... But what does the third party see? Just that a bank transfer has arrived from some unknown company in Lithuania or elsewhere?

 

[Samuel Newman]

Just that a bank transfer has arrived from some unknown company in Lithuania or elsewhere?

exactly, from Paysera LT, Epayments Ltd etc.
but your name or name of your company may appear in the payment reference

 

[MrTony]

exactly, from Paysera LT, Epayments Ltd etc.
but your name or name of your company may appear in the payment reference

Absolutely right.

But such situation usually appears when you transfer funds outside SEPA.

 

[countryfree]

Thanks a lot for the reply! I could use that. I've said Lithuania because I believe there are several EMIs which are based there, so it works like this with Paysera, good to know. I could use that to make payments in the UK or Italy, with an order number as a reference, so the recipient would identify me as the source, but without my name actually appearing. Of course, I understand my name would be recorded by the EMI, but it's still nice.

 

[Samuel Newman]

Thanks a lot for the reply! I could use that. I've said Lithuania because I believe there are several EMIs which are based there, so it works like this with Paysera, good to know. I could use that to make payments in the UK or Italy, with an order number as a reference, so the recipient would identify me as the source, but without my name actually appearing. Of course, I understand my name would be recorded by the EMI, but it's still nice.

I am afraid it will not work for UK and Italy, because both countries are in SEPA zone
And most of EMIs have direct SEPA

 

[countryfree]

Hmm, I guess this was expected. Things cannot be so easy in the EU.
I'm doing less and less business within the EU, and I guess that someday I will forget it completely.