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SWISSMONEY Iban Accounts with Sepa

LeuPay.EU - Review please is it a good offshore bank?

#221
What was the answer if I may ask? maybe you can copy / paste it here?
 
#223
Does both LeuPay private and corporate accounts report to beneficiaries / owners tax authorities?

Do they report incoming / outgoing sums or only end balance at end of the year?
 
#224
Depends what country you are in and does Malta have agreements with sharing info. Reporting is total annual in/out, not every single transaction, unless requested by your Tax Authorities.
 
#225
Educate said:
Does both LeuPay private and corporate accounts report to beneficiaries / owners tax authorities?

Do they report incoming / outgoing sums or only end balance at end of the year?
Click to expand...
Hello.
Leupay reports automatically clients and account information to the tax authorities.
Account balance as of the end of the previous year.thu&¤#
 
#227
As far as I can remember chatting to a staff there, its annual income/outgoings and balance, agree that balance looks like a joke, spend or remove it all on Dec 30, report 0 on Dec 31, return everything Jan 1.
 
#234
Internationaloff said:
I have personal and business account in Leupay.
Leupay (Satabank PLC platform for MT IBAN or UniCredit Bulbank for BG IBAN) is a very good service (SEPA, SWIFT, Mastercard, Merchant, Internal Transfer and other services). Leupay is based in Malta and reports automatically clients and account information to the tax authorities (CRS).
Leupay don't accept Panama as country.
Click to expand...

Hi my friend, your replies were extremelly helpful and thank you!

I need to ask you if you know, if they can block your money in case that you have issues with your countries tax office. For example, I have a debt for a car that I didn't pay Circulation taxes from 2012. This debt, along with the fines came up to a total of 8000€. And they started taking money from my bank account here in Greece.
So the only reason that I'm starting a Leupay account is to avoid loosing money that I send form Paypal to my account.
Will I be safe with Leupay or thay can also take my money on behalf of Greek tax authorities?

Thank you in advance!
 
#235
If your country issues a block request and asset seizure to LeuPay once they get a report form your account, of course LeuPay will block you, they have to comply, especially for a Gov. request, its part of a compliance Banking Law.
 
#236
HI there, interesting information. I am awaiting confirmation of account set up with LeuPay. I am not that concerned with hiding the money from my local tax authorities but am concerned about the withdrawal limits.

I read that these can be increased. I am expecting large sums to be deposited. Although initially I wouldn't withdraw, eventually I would want to. Let's say I have more than USD 1 million (ad it could be more) and I want to use it for a new business venture. I wouldn't want to wait 10 months to withdraw the funds. Is there a way around that?
 
#237
pug1 said:
HI there, interesting information. I am awaiting confirmation of account set up with LeuPay. I am not that concerned with hiding the money from my local tax authorities but am concerned about the withdrawal limits.

I read that these can be increased. I am expecting large sums to be deposited. Although initially I wouldn't withdraw, eventually I would want to. Let's say I have more than USD 1 million (ad it could be more) and I want to use it for a new business venture. I wouldn't want to wait 10 months to withdraw the funds. Is there a way around that?
Click to expand...

I wouldn't trust LeuPay with any significany amount of money. They were proven (in this and other forums) not to be reliable or trustworthy for that purpose (they are indeed great handling very small amounts). LeuPay is said to overnight freeze the accounts for any reason/allegation they want, do not reply e-mails or calls (while keeping the funds), then say that they will hold the money frozen for at least 6 months for "investigations", and after those (or more months) if you are lucky and aquitted from their accusation, they offer to return the funds only to an EU based account and only in your own name.
Be careful
 
#238
So what to do, where to go? I need merchant and bank services for a totally legit raffle. I'm selling artwork and with the purchase of art the purchaser is entered into a draw to win a prize valued at USD 1 million.

Who knows where to go for this? If Luepay doesn't work I'm wasting my time.

@mrau are you speaking from personal experience? Has anyone had similar experience? Has anyone dealt with them with higher amounts?
 
#239
If your business is clean and legit, you would go to a normal Bank with $1M turnover. You think LeuPay or any other EMI will not smell what you are doing? No one buys here the concepts of prizes, winnings, draws and other "dreams", let alone a Bank, get real.
 
#240
pug1 said:
So what to do, where to go? I need merchant and bank services for a totally legit raffle. I'm selling artwork and with the purchase of art the purchaser is entered into a draw to win a prize valued at USD 1 million.

Who knows where to go for this? If Luepay doesn't work I'm wasting my time.

@mrau are you speaking from personal experience? Has anyone had similar experience? Has anyone dealt with them with higher amounts?
Click to expand...
No, I'm not speaking from personal experience. After all the worrisome reviews I've read everywhere about "LeuPay + considerable amounts of money", I never trusted them more than a few bucks. As far as I see, most (if not all) EMIs are quite the same. Wonderful for paying your home utilities and tiny daily expenses but to fear for handling transactions over a very few thousands.
 
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