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Ecommerce Technologies LTD (PayDo)
Ecommerce Technologies LTD (PayDo)
(3.5)
Great
(3.6)
Entity type
Electronic Money Institution
Client type
Personal/Business
License
900916
Country
United Kingdom
Year
"2019"
Employee Count
51-200
Services
Total Score
Great
(3.6)
About Ecommerce Technologies LTD (PayDo)
Ecommerce Technologies LTD is an electronic money institution focused on providing IBAN accounts. Ecommerce Technologies LTD offers personal accounts with IBAN, business accounts with IBAN, merchant accounts, money transfers. In 2019 Ecommerce Technologies LTD had total assets of 519,924.00 GBP. Incorporated in the United Kingdom, Ecommerce Technologies LTD is authorized and regulated by the Financial Conduct Authority. Ecommerce Technologies LTD is doing business as PayDo. The company's offices are located in the UK and Ukraine.
Pricing
Setup Fee
100 EUR
Monthly Maintenance Fee
0 EUR
SEPA Incoming
1 EUR
SEPA Outgoing
0.2% + 20 EUR
SWIFT Incoming
1 EUR
SWIFT Outgoing
0.3% + 25 EUR
FX Fee
3.5%
Internal Fee
0.5%
Transfer to Visa, MasterCard
3.5% + 4 EUR
Top up Fee (Visa/Mastercard)
3.4% + 0.3 EUR
MDR Rate (Visa/Mastercard)
2.9-4% + 0.3 EUR
Negative Interest Fee
1%
Currency
EUR
(Euro)
USD
(United States dollar)
GBP
(British pound)
RUB
(Russian ruble)
Additional Requirements
To verify a Business account it is required to offer:
A document, confirming the state registration of the company, that indicates:Company name; Company registration number; Registration date; Company address.
A document confirming ownership, that indicates:
Company name; The owner(s) of the company; The number of shares in the authorized capital of the company. Document/protocol on the appointment of the director Memorandum & Articles of Association/Constitution/Statute/other statutory documents Certificate of Good Standing/Certificate of Incumbency/extract from register/issued within three months Company structure of ownership signed by the beneficiary If the company is registered in a country where there is a requirement for the payment of the authorized capital, it is necessary to provide a document confirming its payment. If the company’s business type is subject to compulsory licensing, you must provide a license. If the founders of the company include a legal entity, it is also necessary to provide registration documents of the founder and the ownership structure signed by the company’s beneficiary. Suppose the company or the beneficiary (director/manager) is not located in the European Economic Area. In that case, it is also necessary to provide a document confirming the origin of the beneficiary’s funds before the company’s opening. Suppose the company at some stage has a nominee director, beneficiary or shareholder. In that case, it is necessary to submit a trust declaration or an agreement on the provision of nominee services.
Each beneficiary, as well as executives/general managers, must provide: Identity document; proof of residence (POR) not older than 3 months from the issuing date; CV or links to social media profiles.
If the registration (place of residence) of the beneficiary is not in the European Economic Area, in addition, it is necessary to provide a source of funds – a document that discloses the sources of funds and their legality for the period before the formation of the company. The sources of funds can be:
bank statement; statement of wages at the previous place of work; agreements, beneficiary accounts with counterparties, concluded before the date of formation of the company, or any other documents declaring income with an indication of their origin.
Restricted industries
Restricted countries
AFG
(Afghanistan)
ALB
(Albania)
ASM
(American Samoa)
AGO
(Angola)
AIA
(Anguilla)
BGD
(Bangladesh)
BEN
(Benin)
BOL
(Bolivia)
BWA
(Botswana)
UMI
(United States Minor Outlying Islands)
VIR
(Virgin Islands (U.S.))
BFA
(Burkina Faso)
BDI
(Burundi)
KHM
(Cambodia)
CMR
(Cameroon)
CPV
(Cabo Verde)
CAF
(Central African Republic)
TCD
(Chad)
COM
(Comoros)
COG
(Congo)
COD
(Congo)
DJI
(Djibouti)
GNQ
(Equatorial Guinea)
ERI
(Eritrea)
GAB
(Gabon)
GMB
(Gambia)
GHA
(Ghana)
GUM
(Guam)
GIN
(Guinea)
GNB
(Guinea-Bissau)
GUY
(Guyana)
HTI
(Haiti)
CIV
(Côte d'Ivoire)
IRN
(Iran)
IRQ
(Iraq)
JOR
(Jordan)
KIR
(Kiribati)
LAO
(Lao People's Democratic Republic)
LBN
(Lebanon)
LBR
(Liberia)
LBY
(Libya)
MAC
(Macao)
MWI
(Malawi)
MLI
(Mali)
MRT
(Mauritania)
FSM
(Micronesia)
MNG
(Mongolia)
MOZ
(Mozambique)
MMR
(Myanmar)
NAM
(Namibia)
NIC
(Nicaragua)
NER
(Niger)
PRK
(North Korea (DPRK))
MNP
(Northern Mariana Islands)
PAK
(Pakistan)
PLW
(Palau)
PSE
(Palestine, State of)
PNG
(Papua New Guinea)
REU
(Réunion)
WSM
(Samoa)
STP
(Sao Tome and Principe)
SRB
(Serbia)
SLE
(Sierra Leone)
SOM
(Somalia)
SSD
(South Sudan)
LKA
(Sri Lanka)
SDN
(Sudan)
SWZ
(Swaziland)
SYR
(Syrian Arab Republic)
TZA
(Tanzania)
TLS
(Timor-Leste)
TGO
(Togo)
TON
(Tonga)
TTO
(Trinidad and Tobago)
TUN
(Tunisia)
TUR
(Turkey)
TKM
(Turkmenistan)
TUV
(Tuvalu)
UGA
(Uganda)
VEN
(Venezuela)
ESH
(Western Sahara)
YEM
(Yemen)
ZMB
(Zambia)
ZWE
(Zimbabwe)
RUS
(Abkhazia)
Trustpilot reviews
Never use this crappy service
Never use this crappy service. They dont reply, take your money from the account and you show proof and they just keep cut and pasting the same response. They are nothing but lying thieves. DO NOT USE THEM
Paydo is good BUT THERE IS PROBLEM !
I use paydo.com since a long time ago but for the first time i have problem with them. I have deposit on 19 May 2022 31.10EUROS by credit card i was debited but the money is not on my paydo account ! I have create tickets service answer me to wait beceause there is technical issue but i don't like to wait !
Terrible policy of verification
Terrible policy of verification. Just wanted to make digital payment wallet, but it asks everything about me. They first tip my money, then only asks for verification. That's a scam. Asked to return my money to my bank, they declined. Do not use this. It is scam.
Used Paydo for a number of years
Used Paydo for a number of years for one of my side projects. Maybe I got lucky with my manager but she is also quick to answer my questions and no real issues have appeared. I recommend Paydo 100%
Real you in and then move the goal…
Real you in and then move the goal post!!!
I don’t really understand the negative reviews for the Paydo here.
My business provides online services all over the world. We settled on PayDo because it offers a large number of payment methods worldwide. It took only 1 day to collect the documents for verification and another 3 days for verification by the service. It is very convenient that the funds go directly to the bank account and we can pay salaries and payments to counterparties directly from it. Integration of Quick Checkout (hosted payment page) took less than 1 day. PayDo supports SEPA, SWIFT and Target2 transfers. I really like the fact that the product is constantly evolving and improvements are very frequent.
Totally recommend
We switched to PayDo after another financial partner and are very happy with it. Over the past year, the service has significantly increased the range of services and the quality of service. We have integrated the system with our CRM and everything works like clockwork!!
Finscanner is an independent digital platform aiming to provide up-to-date access to worldwide financial services to improve customer experience and boost transactions.
On this page, you can see a detailed review of Ecommerce Technologies LTD (PayDo) Payment systems with reviews from real users and our experts. Ecommerce Technologies LTD (PayDo) provides the following services: Dedicated IBAN, Merchant Accounts, SEPA Transactions, SWIFT Transactions, Wallets, Wire Transfer Acceptance, Card processing solutions.
At the moment, Ecommerce Technologies LTD (PayDo) rating on Finscanner is 3.6 and on Trustpilot is 3.5.
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