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Opening an account in PaysWix payment system (Lithuania)
- Price:500 EUR
- Term:10-15 days
Payswix, UAB is an organization that issues electronic funds and is authorized by the Central Bank of Lithuania. Founded in 2017, the company is based in the Republic of Lithuania and provides its services to clients worldwide through an online platform.
Offering a variety of local and international payment services, Payswix operates through various systems such as SEPA, SWIFT, CHAPS, BACS and Faster, and also provides services for working with IBAN, prepaid cards, mass payments and regularly expands its range of services with adding new features.
Targets companies in a variety of industries, including e-commerce, retail, taxis, restaurants and bars, import and export, as well as manufacturing and high-risk activities. The company offers its customers flexible rates and services tailored to their specific needs.
- Prepaid Mastercards are available (transaction limits apply).
- Open multi-currency accounts and electronic IBAN wallets in euros.
- More than 70 currencies are available, the main ones: EUR, AUD, CAD, CHF, GBP, JPY, NOK, NZD, USD.
- Payment methods for transfers for 170 countries: SEPA, SWIFT, CHAPS, BACS, Target 2.
- Transfers to USD are not available for clients who are engaged in licensed activities, such as cryptocurrency, gambling.
- They work with different businesses, including those with high risks: EU-regulated crypto, forex, and gaming/gambling companies.
- Russian-speaking managers and app in Russian.
- Business rates of the payment system depend on the type of activity and risk of the company.
PaysWix works with business and individuals primarily from the European Economic Area. They consider different types of service activities, including high risk ones.
Current accounts for personal and business needs. A payment service for online stores is expected.
An account with PaysWix is opening online. After processing the preliminary application for opening an account, the payment system sends the required list of documents for full compliance. Proof of the client's welfare will be required.
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 PaysWix.