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Opening accounts in payment systems
- the ability to remotely and quickly open a foreign account;
- it is possible to open an account in the payment system for high-risk business;
- provision of a complex of banking services online;
- a more budget option for opening an account compared to banks;
- convenient international transfers (SWIFT and SEPA), settlements and transactions;
- payments connect merchant and procession accounts;
- suitable for salary projects of freelancers and digital nomads;
- loyal tariffs for service and transfers;
- simplified compliance requirements compared to foreign banks.
For those who need an online account for settlement activities (numerous transactions), there is no way to visit bank branches to open accounts, or banks have refused to cooperate at all, it is worth considering payment systems. These are financial companies with licensed activities for the implementation of foreign exchange transactions. Today, such companies are so developed that they are absolutely in no way inferior to banks, and sometimes even surpass them. Payment systems offer their customers work with online payments, virtual and physical cards, low service fees, instant transfers, direct and indirect details of international IBAN accounts.
Opening accounts in payment systems is suitable for various types of business, including high-risk activities. Many payment systems also open accounts for companies registered in tax-free zones. Unlike banks, accounts are opened in a matter of days with a minimum set of documents and remote verification. In addition, payment systems are very developed in providing acquiring and processing services, which makes them in demand among businesses in the field of E-commerce.
If the purpose of opening a foreign account is savings or investment purposes, in this case we do not recommend opening an account in the payment system. They do not participate in deposit guarantee programs and are not targeted at clients with such needs.
Below is a list of technologically advanced payment systems of the world with which Azola cooperates and recommends its customers to consider opening accounts in them. For individual selection of a payment system, assistance in opening an account and preparing documents, please contact our company for legal support.
Payment systems have such advantages as:
- remote account opening;
- simplified customer identification process;
- modern calculation technologies;
- low service rates;
- lack of strict requirements for the presence of a real office and company employees;
- the possibility of opening accounts for offshore companies or for high-risk activities;
- payment cards can be linked to PayPal and other systems.