Can we discuss payset.io ?

[Maitrey]

Wise no longer offers USD.

I still have USD details for my business account with Wise, seems works OK.

Zen.com also support USD payments for both private and business using SWIFT: TCCLGB3L

 

[Sols]

Wise no longer offers USD.

In some regions/for some customers.

 

[EUman]

I still have USD details for my business account with Wise, seems works OK.

Zen.com also support USD payments for both private and business using SWIFT: TCCLGB3L

Zen DOES NOT have ACH.

I need personal account that have ACH USD details.
I am EU citizen and can’t find an EMI that offer that.

 

[Forester]

Zen DOES NOT have ACH.

I need personal account that have ACH USD details.
I am EU citizen and can’t find an EMI that offer that.

There is a plenty offering business accounts; but for a personal account I can recall only Zenus (Zenus Bank | US Bank Personal Banking) at this moment... (But no personal experience with them.)

 

[Tarzanboy1]

0,4% SEPRA MAX 8,00 eur

 

[TheCryptoAnt]

hey just for you and others to know, Payset is cool with crypto so far you make it easy for them to understand your flow.

I have an account with them with an 'exotic jurisdiction' company, entirely crypto related (crypto trading own and clients funds) and ive had 0 issues with them. Their compliance team is surprisingly easy to work with.

Im here again to stand by my words.

A few millis already through them, all crypto related (trading), Ive been in a few calls with people from their compliance team and they were understanding of my business. Ive used the other usual suspects in the industry for my flow type and PaySet still wins by a long shot.

 

[dgullo]

Recently their SWIFT functionality has been disrupted. I have seen a business that cannot collect payments from clients because they only pay in WIRE and not Payset only supports SEPA for incoming payments. This might be different for different types of clients but regardless it is still a case where a service might degrade unpredictably. Another alternative I have seen with similar fees for business account is one.io, I need to explore it further. I would appreciate if anyone could suggest alternatives for Seychelles LTDs specifically doing consulting in the IT industry

 

[FreedomCalkus]

Do you still like Payset? Just checking if any new positives / negatives. Thanks!

 

[avalanche]

We approached Payset in OCT 2022 (not as DLS Dubai to get neutral and objective Feedback) based on there promising advertisment for Dubai Companies.

We figuered out that they run on a similar partner "bank" /EMI network like Emerald24 and Multipass - in the case of Dubai Companies it's Banking Circle.

They do work with Banking Circle, Currency Cloud and ClearBank - while Currency Cloud doesn't deal with Dubai Companies at all ClearBank would have been the Partner for GBP Faster/CHAPS Payment and Banking Circle for EUR/GBP/USD SWIFT payments.

However along the line it turned out that Banking Circle is in general fine with Dubai Companies - they are not fine with Consulting Companies which again they said they consider CSP's to be part of.

Call it unlucky but what was left from the initial impression was EUR/GBP SEPA/SWIFT/FASTER/CHAPS through ClearBank at a Account Opening of 1XX and 1XX per month pricing and a 0.X% pricing for INCOMING and OUGOING Transactions even for SEPA .

You get the same thing re-selled with other EMI's at NO Account opening cost, NO monthly cost and a fixed pricing SEPA 3-5 EUR per Transfer and SWIFT at 25 EUR per Transfer.

It comes down to USD again - not stable or not at all and therefore the same product like every UK EMI can provide you and most Lithuanian EMI's as well but with a generic high pricing like you would be a high risk gambling, casino, adult industry client.

They do a great job within there possibilities but are like every other EMI dependant on there underlaying Bank / EMI.

Its the worst thing about the current business account market: first glance and you see all the abundance of different EMIs, may think there are so many choices everywhere.

But in reality such fake abundance only creates an illusion that the market is large and there are many independent players. When you start digging deeper these EMIs are basically just user interface for the solution provided by the real owner of the license.

License owner tells EMIs to stop offering services to certain group of clients and bam, whole group of EMIs suddenly doesnt work with your business anymore.

 

[JackAlabama]

Its the worst thing about the current business account market: first glance and you see all the abundance of different EMIs, may think there are so many choices everywhere.

But in reality such fake abundance only creates an illusion that the market is large and there are many independent players. When you start digging deeper these EMIs are basically just user interface for the solution provided by the real owner of the license.

License owner tells EMIs to stop offering services to certain group of clients and bam, whole group of EMIs suddenly doesnt work with your business anymore.

this looks like modern dating apps or job applications

 

[EliasIT]

License owner tells EMIs to stop offering services to certain group of clients and bam, whole group of EMIs suddenly doesnt work with your business anymore.

ouch!