Question 1

Are you a PSP or an EMI?

Accepted Answer

We are not a Payment Service Provider (PSP) or an Electronic Money Institution (EMI). Instead, we function as an introductory company. We build a network of payment providers specializing in high-risk industries, catering to clients in sectors like forex, crypto, gaming, and other financial institutions. We assist these companies in finding suitable banking and payment solutions.

Question 2

How long does onboarding to a high-risk banking provider take?

Accepted Answer

The onboarding timeframe for a high-risk banking provider can vary significantly depending on several factors:
Complexity of the Request: The more intricate your financial activities and needs are, the longer the review process might take.
Organizational Structure: Complex company structures with multiple subsidiaries or ownership layers may require additional verification.
Document Availability: Having all necessary documentation readily available for review can significantly expedite the process.
Provider Policies and Procedures: Different banks have varying internal procedures that can impact processing times.
Client Communication: Prompt responses and clear communication from your side will help keep the process moving smoothly.

Question 3

How does ifindbanks.com process look like?

Accepted Answer

Free Consultation: We begin with a quick online meeting to discuss your business needs and understand your specific requirements for a payment solution.

Pre-Vetted Network: Based on your needs, we leverage our network of pre-vetted providers specializing in high-risk industries. If a good fit is identified, we contact them and request competitive offers from top players, saving you time and effort.

Custom Proposal: You'll receive a personalized proposal outlining the recommended payment solution tailored to your business. This proposal will clearly detail fees, features, and any other relevant information.

Seamless Onboarding: Once you choose a provider, we'll facilitate a smooth integration process. We'll connect you directly with the provider and guide you through each step.

Dedicated Account Management: Our dedicated account management team remains by your side throughout your entire journey. We provide ongoing support and expert guidance whenever you need it.

Question 4

What are the requirements for opening a high-risk bank account?

Accepted Answer

Opening a high-risk bank account typically requires providing detailed information about your business, such as the nature of your activities, licenses (if available), expected transaction volumes, and compliance with regulations.

Additionally, you may need to undergo enhanced due diligence procedures to assess the risk level associated with your account, but this will be determined after reviewing the basic information first.

Question 5

Which industries are considered high-risk for banking purposes?

Accepted Answer

Certain industries, such as forex/CFDs, gambling, adult entertainment, cryptocurrency, payment institutions, affiliate marketing, ecommerce of certail products like CBD or nutritional suplements (nutra) are often classified as high-risk by banks due to factors like regulatory scrutiny, potential for chargebacks / refunds, and higher fraud risks.

Question 6

Have another question?

Accepted Answer

If you have questions regarding high risk banking or hight risk payment solutions, you are very welcome to reach out via email of LInkedIn and we will be happy to assist the best we can.