Opening Accounts in Payment Systems
Payment systems have become a real lifesaver, offering more flexible and faster solutions compared to traditional banks. They allow international payments with lower fees and faster processing times.
Many companies in e-commerce, IT startups, and even individuals who regularly send or receive international transfers increasingly choose payment systems. This not only accelerates transactions but also helps save on fees and currency exchange rates.
Our company provides comprehensive legal support at all stages of opening an account in international payment systems. We assist in choosing the right system, preparing all necessary documents, and ensuring compliance with legal requirements.
Opening a V Plus Pay Account
V Plus Pay is a convenient payment solution for businesses and individuals, enabling international transfers, financial management, and multi-currency accounts. The system offers an easy verification process and fast payment processing. We fully support the account opening process: assisting with document preparation, liaising with the payment system, and ensuring quick resolution of any issues.
Jurisdiction Russia
Opening a Payoneer Account
Payoneer is one of the most popular payment services for managing international financial transactions. With a wide range of functions, including receiving and sending payments, currency conversion, and access to global markets, Payoneer is an indispensable tool for freelancers, online stores, and businesses engaged in international activities.
Jurisdiction Russia
Opening a Wise Account
Wise (formerly TransferWise) is one of the leading services for international money transfers and managing multi-currency accounts. The uniqueness of Wise lies in using the real exchange rate and minimal fees, making it the ideal choice for freelancers, businesses, and individuals working with global financial flows.
Jurisdiction Russia
Opening a Collect&Pay Account
Collect&Pay is an innovative payment service offering a wide range of solutions for managing international transfers and multi-currency settlements. The platform is particularly popular among e-commerce businesses, freelancers, and companies targeting global markets due to its flexibility, convenience, and transparent fees.
Jurisdiction Russia
Opening a PayPal Account
PayPal is one of the largest and most popular payment systems in the world, ensuring secure and convenient international transfers. The service is widely used by freelancers, online stores, and companies operating globally, due to its ease of use, fast transactions, and reliable data protection.
Jurisdiction Russia
Opening a Revolut Account
Revolut is a modern financial platform offering a wide range of services for managing personal and corporate finances. With multi-currency accounts, favorable exchange rates, and the ability to make international transfers, Revolut has become a popular choice among individuals and businesses seeking convenience, security, and transparency in financial operations.
Jurisdiction Russia
Contact us
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More about our services
- Advantages
- What is Needed to Open an Account?
- Account Opening Process
- Possible Risks and Challenges
- Legal Support
Advantages
Payment systems offer numerous advantages, especially for those working internationally:
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Fast and convenient international transfers without complex banking procedures. Services like PayPal, Wise, and Revolut allow sending and receiving money in different currencies without needing to open accounts in foreign banks.
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Fees for international transfers in payment systems are significantly lower than in banks, and payment processing is much faster.
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Many modern payment systems support cryptocurrency transactions, opening new opportunities for blockchain businesses and digital asset investors.
Types of Accounts
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Corporate Accounts: For business operations, settlements with partners and clients, receiving and sending payments, including in foreign currencies and cryptocurrencies.
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Personal Accounts: For individuals conducting international transfers and payments for goods and services.
What is Needed to Open an Account?
Required Documents
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For individuals: passport, proof of residence, proof of income.
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For legal entities: company formation documents (charter, registration certificate), tax documents, information about company owners. In some cases, a business plan may be required.
Verification and Compliance Requirements
All payment systems perform customer verification in accordance with AML requirements. The process may include:
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Identity confirmation using biometric data or video calls.
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Check against sanctions lists.
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Verification of compliance with local and international financial regulations.
Account Opening Process
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Choosing a Payment System: Popular options include Payoneer, Wise, Collect&Pay, PayPal, Revolut.
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Registration: Creating a personal account on the payment system's website.
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Document Preparation and Submission: Providing necessary documents for verification (passport, proof of address, company formation documents, etc.).
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Verification: Identity confirmation and document verification.
Possible Risks and Challenges
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Refusal to open an account due to incorrect documents or failure to meet requirements.
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Restrictions on transfers in certain currencies or to certain countries.
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Incorrect document preparation or violation of tax legislation.
Legal Support
The law firm "Kadyrov, Drokonov & Partners" provides full legal support at all stages of opening an account in a payment system:
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Choosing a system and jurisdiction.
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Document preparation and review.
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Compliance with KYC and AML requirements.
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Taxation consultations.
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Client representation in case of disputes.
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Ensuring transaction security.
For consultation and to discuss cooperation, you can contact us via the form on our website or the contact details provided.
We will help you save time, resources, and ensure reliable legal support.
Why Choose Us?
20+
Jurisdictions
800+
Satisfied Clients
Long-term Results
Our expert legal strategies streamline business processes and ensure desirable outcomes, even in complex litigation cases
Unique Legal Solutions for Every Jurisdiction
Our deep international expertise allows us to offer customized solutions beyond standard legal service packages
Industry Expertise & Recognition
Our specialists publish in leading legal journals, shaping industry trends and reinforcing their authority in the legal field
Collaboration with Market Leaders
We work with major corporations and key market players
46 years
Of Combined Experience
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