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Opening an account in Walletto payment system (Lithuania)
- Price:500 EUR
- Term:from 2 days
Walletto is a Lithuanian payment system operating on the market since 2017, specializing in payment processing for digital merchants. UAB "Walletto" is authorized by the Bank of Lithuania as an electronic money institution (authorization number LB000452) with the right to issue, distribute and redeem electronic money.
Walletto's list of services includes opening payment accounts, withdrawing and crediting funds, making payments, money transfers, issuing payment instruments and acquiring. The company received permission to carry out these operations in 2018 and today actively provides financial solutions for businesses and individuals.
- You can issue virtual and physical VISA/Mastercard cards.
- Several types of cards are available to clients: prepaid cards, debit cards, co-branded cards, white branded cards, as well as BIN sponsorship services.
- Walletto offers personal IBAN accounts, business IBAN accounts, merchant accounts, card processing, payment acquiring.
- Single-currency current accounts, only in euros.
- Work with SWIFT and SEPA transfer systems.
- API integration is available for seamless connection of payment services in e-commerce, fintech and cryptocurrency platforms.
- Provide personal managers, communicate in Lithuanian and English.
- Urgent account opening is possible within 48 hours (urgency fee is paid).
- Pricing depends on the client's risk level, standard prices may apply, or extended ones.
- The company takes on servicing legal high-risk activities, but does not service ultra-high risk.
Serves individuals, companies, digital merchants, banks, e-money institutions, FinTech companies, travel companies, credit providers and other areas. The main clients are e-commerce.
Settlement and trading accounts.
Accounts in the Walletto payment system can be opened remotely, without the need for special contact with the office.
Please note that according to international standards for opening accounts, each payment system is required to adhere to the KYC procedure, therefore it will require documents and data confirming identity, business and wealth for identification. Also, a financial institution may, based on its internal rules, refuse to cooperate without explanation.
In order to avoid such negative consequences, contact specialized lawyers for preliminary advice on opening foreign accounts, and we will tell you all the nuances of how to open an account in the Walletto payment system.
To open an account with Walletto, you will need standard documents, including:
1. Company documents: Articles of Association, Certificate of Incorporation, and Certificate of Beneficiaries.
2. Representative documents: Passport or ID, and proof of address (e.g. utility bill or bank statement).
3. Financial information: Bank statements or financial reports may be required to verify the source of funds and financial activity.
The exact list may vary depending on the type of business.