Payment systems

Payment systems, or EMI (electronic money institution) are some kind of bank, but without a physical branch, having the appropriate right to operate as a financial instrument, similar to a classic bank, but more digitalized, has an exclusive online format.

In simple words, this is an electronic bank that will not give you a loan, with a smaller external burden from the relevant government agencies and having its own minor limitations. Easier verification procedure, more intuitive, more convenient to use, personal account interface and functions, provide more opportunities for work. These financial instruments have the ability to work with a large number of different currencies, thanks to a large network of agreements with other financial institutions.

The payment system is a great alternative to a bank, which has a lower commission, easier compliance and is aimed at maximum user convenience.

At the moment, more and more companies are switching to the use of payment systems in their business activities.

Advantages of payment systems:

• Remote account opening;
• a minimum package of documents and a simplified identification procedure;
• Relative loyalty to the activities of High risk companies;
• high data confidentiality, since most payments do not participate in the automatic data exchange system (CRS);

The most popular representatives of payment systems:

• paypal;
• payoneer;
• Wise;
• Paysera;
• AdvCash;
• Neteller;
• Revolut;
• Bilderlings;

Our team of professionals will help you choose the most suitable payment system for your needs.

If you have any questions or would like to order a service, contact the specialists of White and Partners for a detailed consultation or an individual calculation of the service by following this Link.