 1.svg)
Opening an account in Paydo payment system (England)
- Price:500 EUR
- Term:from 5-10 days
PayDo is an Electronic Money Institution (EMI) and Money Services Business (MSB) that offers virtual banking services to companies of all risk levels. Headquartered in the UK, PayDo is regulated by EMR 2011 and PSR 2017.
Moreover, PayDo is authorised by the Financial Conduct Authority (FCA) and FINTRAC. As a SEPA Member, SWIFT Direct Participant, and Mastercard Principal Member PayDo adheres to strict financial standards.
PayDo is a PCI DSS level 1 compliant Visa and Mastercard authorised payment intermediary. All card payments are secured by 3DS.
The platform’s services include: multicurrency IBANs in 18 currencies and 9 payment schemes, merchant solution with more than 350 payment methods and mass payments.
- Physical and virtual VISA EUR cards for corporate purposes.
- PayDo works with more than 25 industries, including high-risk industries like iGaming, Forex, and Crypto.
- 12 currencies for personal account: USD, Euro, British Pounds, Swiss Franc, Danish kroner, Canadian dollar, Czech koruna, Romanian leu, Hungarian forint, Polish zloty, Norwegian krone, Swedish krona.
- Paydo offers IBANs with 18 currencies and 9 payment schemes for international and local transfers: SWIFT, SEPA, SEPA Instant, Target2, FasterPayments, CHAPS, Bacs, Fedwire, Kronos2.
- With PayDo, clients sign only one contact.
- All the features are available within one dashboard.
- PayDo provides Merchant Solution with Mass Payments.
- The pricing is personalised for both personal and business accounts.
- PayDo employs various safety measures, including 3DS, anti-fraud, and 2FA.
PayDo opens accounts for individuals, SMEs, and large enterprises alike. The scope covers more than 25 industries. PayDo doesn’t work with prohibited jurisdictions.
Personal and business account.
PayDo makes it easy to open an account. The process is 100-percent remote. It is designed to be accessible from anywhere. After submitting an account opening request, PayDo starts by reviewing all the relevant documents to make sure its services are a good fit for the client's business. Once everything is confirmed, PayDo takes care of all the necessary compliance steps and finalises your account setup.
Please note that according to the international standards for opening accounts, each payment system is required to adhere to the KYC procedure, and therefore will require documents and data confirming identity, business and wealth for identification. Also, a financial institution may, based on its internal rules, refuse cooperation without giving reasons.
In order to avoid such negative consequences, contact specialized lawyers for preliminary consultation on opening foreign accounts, and we will tell you all the nuances of how to open an account in PayDo.