Opening an account with a payment system

Anyone who has tried to open a business account with a payment system abroad has in all likelihood encountered a number of certain problems and restrictions. The most common of these include:

  • illogical and often impossible requirements from the side of the non-bank;
  • long waiting period for application processing;
  • physical presence of the business in the country of registration;
  • high opening costs, which levelled all potential advantages.

Intelligent Solution Group specialists will help you to open an account in a reliable payment system quickly, affordably and without unnecessary bureaucracy.

Who will benefit from the service?

Opening an account in an electronic payment system abroad primarily attracts entrepreneurs with international business. The advantages of this solution include:

  • holding, exchanging and transacting currencies in over 190 countries;
  • a wide range of available neobanking services;
  • comfortable and functional Internet banking;
  • possibility to make settlements in USD, EUR and other currencies;
  • fast SWIFT, Target, SEPA payments.
  • no restrictions on the amount and number of transactions;
  • favourable conversion rate for most world currencies;
  • bank card issue.

The presented list is approximate and general for all payment systems. Each system has its own features and advantages.

Our company will study the sphere of business activity, analyse the counterparties, take into account the turnover, geography of the main markets and, based on this, offer a suitable payment system.

Types of payment systems

The main criterion for classifying all payment systems is their division into national and international. The systems of the first category operate only within one country, while the second operate worldwide. Entrepreneurs doing business in several countries at once should preferably choose international payment systems.

Depending on who is the subject of financial transactions, it is customary to distinguish banking (settlements are carried out between banks) and inter-business (settlements are carried out between companies) payment systems.

Another type is electronic payment systems (EPS). Their functionality is based on electronic wallets, and the main advantage is considered to be a simplified procedure of transactions. Despite this, EPS are still safe and guarantee the safety of the user's personal data.

Intelligent Solution Group assistance in opening an account

Regardless of the peculiarities and complexity of a particular case, every client of Intelligent Solution Group is guaranteed to recei

  • a personal manager who speaks Russian and English;
  • assistance with preparation and collection of necessary documents;
  • assistance in confirming the level of income and source of funds;
  • assistance in fulfilling the requirements for the economic presence of the business in the country of registration;
  • assistance in compliance control.

With our help you can quickly and without unnecessary problems open an account in the payment system (neobank) for business: small and medium.

Terms and conditions of co-operation

The procedure for opening an account is as follows:

  1. Selection of a suitable payment system taking into account the specifics of the business.
  2. Collection of documents. Our specialists will collect a package of necessary documents and will help to draw them up for sending the application. 
  3. Application submission. We are official partners of many payment systems, so we select several options for the client's request and contact their managers to get pre-approval and agreement that neobank is ready to consider the client's application. After that we send the application with the whole package of documents. 
  4. Document verification. During the application review, the neobank may request additional information. It is important to promptly prepare the documents and respond to the requests.
  5. Account activation and replenishment. After successful consideration of the application, the account is remotely opened and activated. From this moment you can start making transactions.
  6. Our specialists help to set up online banking, to understand the execution of payments.
  7. After successful case closure, we are always in touch with the client, he/she can contact his/her manager for assistance at any time if there are any compliance issues or other questions.

Our company is engaged in opening corporate and private accounts for individuals in payment systems.

For more than 12 years we have been providing comprehensive legal and tax support to businesses and are ready to help in resolving any issue.

What documents do I need to open an account?

The package of documents depends on the chosen payment system. In any case, you will need a passport, an application in the prescribed form and certificates confirming the origin of funds, statutory documents.

How long does it take to open an account?

Opening an account on your own can take months. With our help, you will be able to open a neobank account online in an accelerated mode.


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