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Paydo Business Bank Account

yngmind

yngmind

Mentor Group Lifetime
Apr 26, 2020
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#1
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Has anyone had experience with PayDo business/personal IBAN accounts? https://paydo.com/

I had a bad experience with their payment gateway. They scammed me for around $5,000 through fake disputes.
 
#2
If they scammed you with their payment gateway why would you want to even know about them period?
 
#6
Always had a positive experience with them; they are licensed as an EMI in the UK and Malta. Crypto and iGaming friendly.

Accounts are issued through Banking Circle so they have access to more unique clearing systems, e.g. BACS, Kronos2, better SWIFT processing.
 
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#7
ilke said:
Always had a positive experience with them; they are licensed as an EMI in the UK and Malta. Crypto and iGaming friendly.

Accounts are issued through Banking Circle so they have access to more unique clearing systems, e.g. BACS, Kronos2, better SWIFT processing.
Click to expand...
Did you use their business account, or personal, or both?
 
#11
Lincoln Burrows said:
I had a similar experience with another EMI couple weeks ago where they informed me we can open a bank account for your business; they made me sign an agreement and pay €300 onboarding fee, afterwards they told me "Sorry your business is beyond our risk appetite". A total waste of time and money due to their sales lack of knowledge.
Click to expand...

This EMI I wrote about is Paydo, so avoid these clowns.

They also told me your business account is approved after supplying all documents then two days later telling me I got declined!!
 
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#12
Lincoln Burrows said:
They also told me your business account is approved after supplying all documents then two days later telling me I got declined!!
Click to expand...

They just wanted the 300 euros from you sadly.

Sounds like an EMI to avoid.
 
#14
Great account for individuals. It works perfectly for SEPA and FPS transfers. It is not anything special, delivers similar services to other EMIs. On the other hand, I have nothing negative to say. The platform is stable and easy to interact with. Incoming transfers are usually questioned, but when I provide them with an answer, they review it in a few hours and all goes through. This is a very good step up for me from Bankera, where they consistently asked essay-level texts of me to explain why I got some money.

Recently, they have also been licenced in Malta, a positive reinforcement of adherence.
 
#16
bubbledouble said:
They have Russian roots as we learned from above replies, so I rather avoid them.
Click to expand...
It can be beneficial actually — having Russian roots doesn't mean they're bad.

Look at the crooks from Bankera - how do you like Lithuanian roots?
 
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