UK LTD - Bank account to receive payouts?

[internationalgangster]

Hi Guys!

What bank / EMI can you recommend for a UK LTD to receive payouts from stripe / other payment processors?

Except Wise.
Needs to have EUR IBAN.

Expected volume: high 5, low 6 figure incoming per month.

Bonus: Needs to accept director living in China.

Thanks for all recommendations!

 

[JackAlabama]

Hi Guys!

What bank / EMI can you recommend for a UK LTD to receive payouts from stripe / other payment processors?

Except Wise.
Needs to have EUR IBAN.

Expected volume: high 5, low 6 figure incoming per month.

Bonus: Needs to accept director living in China.

Thanks for all recommendations!

what is your line of business? Gonna be the most determining factor.

 

[internationalgangster]

what is your line of business? Gonna be the most determining factor.

Ecommerce

 

[erni]

Did you try Revolut, Luna or Mister Tango ?

 

[internationalgangster]

not yet, will try

 

[ilke]

Hi Guys!

What bank / EMI can you recommend for a UK LTD to receive payouts from stripe / other payment processors?

Except Wise.
Needs to have EUR IBAN.

Expected volume: high 5, low 6 figure incoming per month.

Bonus: Needs to accept director living in China.

Thanks for all recommendations!

Worldfirst or Airwallex would be the best for this.

PingPongX or LianLian are also reasonable alternatives, but I do not have direct experience with them.

 

[montterio]

Is PayDo a good one ?

 

[ImKing]

Is PayDo a good one ?

They look very interesting also with the many payment methods accepted
https://paydo.com/payment-methods/

 

[Clearsky Network]

They look very interesting also with the many payment methods accepted
https://paydo.com/payment-methods/

Paydo is good, just onboarding takes time.

Hi Guys!

What bank / EMI can you recommend for a UK LTD to receive payouts from stripe / other payment processors?

Except Wise.
Needs to have EUR IBAN.

Expected volume: high 5, low 6 figure incoming per month.

Bonus: Needs to accept director living in China.

Thanks for all recommendations!

Payset, Payine, Airwallex

 

[CoinMaster]

Paydo is good, just onboarding takes time.

are they similar to Wise i.e. fast SEPA transfers, nice UI ?

 

[Clearsky Network]

are they similar to Wise i.e. fast SEPA transfers, nice UI ?

Not at all...
Wise is cheap and relatively fast. On the other hand the account is opened and closed very fast without any specific reason. No one to talk with... (based on previous experience only)
Paydo is way more expensive and the onboarding takes longer, on the other hand you will get a dedicated account manager and very professional support.

 

[montterio]

Not at all...
Wise is cheap and relatively fast. On the other hand the account is opened and closed very fast without any specific reason. No one to talk with... (based on previous experience only)
Paydo is way more expensive and the onboarding takes longer, on the other hand you will get a dedicated account manager and very professional support.

Well my onboarding is very fast ... even at weekend they respond and approve account

 

[SoNewToAllShit]

Are you satisfied with the account with them @montterio ? I'm instantly looking for new EMI's and banks to put my money on.

 

[YoungLansk]

They look very interesting also with the many payment methods accepted
https://paydo.com/payment-methods/

The onboarding process is VERY VERY VERY long and complicated.

 

[fanban]

The onboarding process is VERY VERY VERY long and complicated.

What timeframe we look into?

 

[YoungLansk]

We tried twice, probably 2 weeks of back and furth asking all kind of papers and questions then we got rejected ( kosher Tech Business )

 

[brianK]

We tried twice, probably 2 weeks of back and furth asking all kind of papers and questions then we got rejected ( kosher Tech Business )

Reminds me of the time we had to apply for merchant accounts for card processing in the past, took ages to get the approval and final go live.

 

[ImKing]

We tried twice, probably 2 weeks of back and furth asking all kind of papers and questions then we got rejected ( kosher Tech Business )

two weeks would be acceptable if they can approve the account at the end of the day.

 

[SoNewToAllShit]

We tried twice, probably 2 weeks of back and furth asking all kind of papers and questions then we got rejected ( kosher Tech Business )

What bank did you replace this choice with then ?