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Opening an account in PaySet payment system (UK)
- Price:500 EUR
- Term:up to 10 days
Pay Set Limited is an electronic money institution founded in 2020 in the UK. The company specializes in providing multi-currency IBAN accounts and offers a wide range of payment solutions for individuals, freelancers, entrepreneurs, SMEs, enterprises, financial institutions, startups and marketplaces. The company also provides prepaid cards, payment gateways, international and local money transfers, and currency exchange services. Connected to the MasterCard payment card scheme and is a member of SWIFT.
PaySet leads the EMI rankings in the UK, occupying the first position, and deservedly holds second place in this ranking at the European level.
- Prepaid multicurrency MasterCard cards (plastic and virtual). Can be in more than 30 currencies.
- Provide a dedicated multi-currency account with individual details in IBAN (GB) format.
- International payments are available via SWIFT, SEPA, TARGET2, Faster Payments, CHAPS and others.
- The payment system works with dollars for outgoing and incoming transfers.
- Transfers in dollars, euros, Canadian dollars and pounds sterling are processed through local payment networks.
- Transfers are available to more than 180 countries, there are no transaction limits.
- Transfers to/from Ukraine are not available.
- You can store funds in your account in 34 currencies and send money in 38 currencies.
- Friendly to high-risk companies and crypto-related activities.
- For each client, tariffs are formed individually during a compliance check.
PaySet opens accounts for clients all over the world, except of sanctioned countries and the USA. They work with different types of businesses, including import and export, IT, freelancers, and crypto activities.
Open personal and business accounts to receive and transfer funds.
A personal visit is not required. An account is opened through account registration, to which all the necessary documents for the client are attached. Next, the documents and all data are checked by compliance managers. If there are no additional questions, after passing the verification, the account is considered open and can be used.
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 Pay Set.