Emerald 24 - what is it?
Emerald 24 is a payment platform with the full name Emerald Financial Group Ltd. Registered in the UK in 2018. Despite the fact that Emerald 24 is a relatively young company in the market, it is not inferior in reliability and quality to such giants as Transferwise or PaySera.
Emerald 24 is a licensed financial services provider licensed by the UK-based FCA solver. EMERALD 24 has its own SWIFT code as well as a local UK sorting code for issuing unique IBANs to customers.
All EMERALD systems, transfers, transactions and infrastructure are protected by full stack firewalls, antivirus software, two-factor authentication and continuous penetration testing. In addition, both passive and active traffic monitoring, strict password policies and employee training are carried out in order to avoid unauthorized access.
Emerald 24 Culture
Emerald 24 is built on a culture of transparency, trustworthy corporate governance, customer communication and collaboration to achieve its goals and customer goals.
The transparency of the payment system is designed to take the necessary measures to detect fraud. Transactions are analyzed in real time based on a big data approach, when all aspects of the transfer, including the real sender and the final recipient, are compared with known fraud schemes. These pattern recognition techniques, supported by a robust technology infrastructure, offer a comprehensive approach to fraud detection and compliance.
Real-time reports on EMERALD products create accurate and transparent profiles of all customers and are used by risk management and compliance structures.
The reliability of EMERALD is manifested in the fact that when working with clients, the payment system applies recommendations according to the principles issued by the Basel Committee on Banking Supervision. BCBS is the main global standard-setting body for prudential regulation of banks and serves as a forum for regular cooperation on banking supervision. Therefore, the use of his recommendations is very important for banks and companies that supply financial services.
Who can open an account with Emerald 24?
An account with EMERALD payment system can be opened by both a legal entity and an individual, as well as residents and non-residents of the EU.
For example, the platform is available to companies both from the EU (with EU resident / non-resident partners in it) and companies registered outside the EU.
The platform is also available to individuals with and without EU residency.
Which documents are required to open an account with Emerald 24?
To open an account, you need the following documents:
COMPANY REGISTRATION DOCUMENTS
- Constituent (decision / agreement, charter) and registration documents (certificate from the register and / or document on registration of a legal entity);
- Up-to-date documents confirming the legal status (certificate from the register / Certificate of Good Standing) are provided if this information cannot be obtained from open sources;
- Documents confirming the actual officials of the enterprise (directors, board members) and owners of capital shares / shares (these may be the following documents: certificate of Incumbency / Minutes of Directors' Meeting / Share Certificate / Register of shareholders, etc.) ;
- Documents confirming the rights of the true beneficiary (Declaration of Trust / Deed of Trust / Agreement on the provision of nominee services, etc.). The documents must contain the exact details of the person;
- Document confirming the rights of the representative:
- if a participant represents an enterprise on the basis of the charter, as a member of the board, director, etc., a certificate of Incumbency is provided;
- if the company is represented on the basis of a power of attorney, a power of attorney is provided, which indicates the scope of powers of the authorized person The document must contain personal data, the document must be signed by the legal representative (director / member of the Board) and certified (notary for the EEA; notary and apostille for other countries).
* For companies registered in the UK (Ltd), Latvia, Estonia, due to the availability of an available official register in these countries, there is no need to submit the following legal documents for consideration (unless the Client's authorized representative represents the company on the basis of a power of attorney and / or status the true beneficiary, confirmed by the Declaration of Trust or a similar document - in this case, you must present a power of attorney and / or Declaration of Trust).
DOCUMENTS FOR THE REPRESENTATIVE OF THE CLIENT AND THE UBO
Copy of passport and proof of actual residential address (utility bill).
DOCUMENTS AND INFORMATION THAT CONFIRM THE ORIGIN OF FUNDS AND EXPERIENCE OF THE UBO IN BUSINESS
Various documents can serve as confirmation, such as:
- CV;
- Statements of personal accounts of the UBO in other financial institutions;
- Declaration of income;
- Bank recommendation for the beneficiary with an indication of the account balance;
- Tax certificate;
- Certificate from the auditing company describing the source of funds;
- A document confirming the ownership of real estate (or other assets) from which you can profit;
- Certificate from the place of work with an indication of salary, etc.
INFORMATION ABOUT BUSINESS ACTIVITIES OF THE COMPANY
- Detailed description of the company's economic activities (description of cash flows with an indication of the main business partners - name, country of registration, bank details, main lines of business, form of cooperation (seller / buyer, customer / contractor);
- The source of the company's funds (working capital, borrowed funds, etc.);
- Account statements of other financial institutions for the last 6 months;
- License / permission to carry out business activities, if required;
- Financial statements of the company for the last reporting year;
- Office lease agreement in the country of registration, if necessary.
Emerald 24 Account Opening Procedure
You can open an account with Emerald 24 via a remote procedure. In the process, it is necessary to provide the aforementioned documents and information of the company, after which our team will contact the manager of the payment system and start the process of opening an account for you or your company.
Tariffs of Emerald 24
BUSINESS ACCOUNT
| Tariffs | European Company / UBO and Account Representative - EU Residents, EU Partners (SEPA) |
| Account opening fee | 200 EUR |
| Monthly account maintenance fee | 25 EUR |
| Account closure fee | 100 EUR |
| Tariffs | EU company, account representative or UBO - non-EU residents, international partners |
| Account opening fee | 500 EUR |
| Monthly account maintenance fee | 50 EUR |
| Account closure fee | 200 EUR |
| Tariffs | An EU partnership or an EU resident company with a complex shareholder structure |
| Account opening fee | 800 EUR |
| Monthly account maintenance fee | 80 EUR |
| Account closure fee | 200 EUR |
| Tariffs | Company - non-EU resident |
| Account opening fee | 1000 EUR |
| Monthly account maintenance fee | 100 EUR |
| Account closure fee | 200 EUR |
Incoming SEPA payments (EUR) for all types of companies - without commissions!
The commission for outgoing SEPA payments (EUR) depends on the amount of the transfer and the structure of the company.
| Transfer amount | European Company / UBO and Account Representative - EU Residents, EU Partners (SEPA) |
| Up to 1 000 | 1 EUR |
| From 1 001 till 15 000 | 2.50 EUR |
| From 15 001 till 50 000 | 5 EUR |
| From 50 001 till 100 000 | 10 EUR |
| Over 100 000 | 20 EUR |
| Transfer amount | EU company, account representative or UBO - non-EU residents, international partners |
| Up to 1 000 | 5 EUR |
| From 1 001 till 15 000 | 10 EUR |
| From 15 001 till 50 000 | 15 EUR |
| From 50 001 till 100 000 | 20 EUR |
| Over 100 000 | 35 EUR |
| Transfer amount | An EU partnership or an EU resident company with a complex shareholder structure |
| Up to 1 000 | 15 EUR |
| From 1 001 till 15 000 | 20 EUR |
| From 15 001 till 50 000 | 30 EUR |
| From 50 001 till 100 000 | 40 EUR |
| Over 100 000 | 60 EUR |
| Transfer amount | Company - non-EU resident |
| Up to 1 000 | 20 EUR |
| From 1 001 till 15 000 | 30 EUR |
| From 15 001 till 50 000 | 40 EUR |
| From 50 001 till 100 000 | 60 EUR |
| Over 100 000 | 80 EUR |
International payments (cost per transaction)
| Transfer amount | European Company / UBO and Account Representative - EU Residents, EU Partners (SEPA) |
| Up to 1 000 | 30 EUR |
| From 1 001 till 15 000 | 40 EUR |
| From 15 001 till 50 000 | 50 EUR |
| From 50 001 till 100 000 | 60 EUR |
| Over 100 000 | 80 EUR |
| Transfer amount | EU company, account representative or UBO - non-EU residents, international partners |
| Up to 1 000 | 30 EUR |
| From 1 001 till 15 000 | 40 EUR |
| From 15 001 till 50 000 | 50 EUR |
| From 50 001 till 100 000 | 60 EUR |
| Over 100 000 | 80 EUR |
| Transfer amount | An EU partnership or an EU resident company with a complex shareholder structure |
| Up to 1 000 | 40 EUR |
| From 1 001 till 15 000 | 50 EUR |
| From 15 001 till 50 000 | 60 EUR |
| From 50 001 till 100 000 | 80 EUR |
| Over 100 000 | 120 EUR |
| Transfer amount | Company - non-EU resident |
| Up to 1 000 | 40 EUR |
| From 1 001 till 15 000 | 50 EUR |
| From 15 001 till 50 000 | 60 EUR |
| From 50 001 till 100 000 | 80 EUR |
| Over 100 000 | 120 EUR |
PERSONAL ACCOUNT
| Tariffs | EU residents |
| Account opening fee | 10 EUR |
| Monthly account maintenance fee | 5 EUR |
| Account closure fee | 20 EUR |
| Tariffs | Non-EU residents |
| Account opening fee | 100 EUR |
| Monthly account maintenance fee | 25 EUR |
| Account closure fee | 50 EUR |
Incoming SEPA payments (EUR) for all individuals - without commissions!
The commission for outgoing SEPA payments (EUR) depends on the amount of the transfer and the residence of the individual.
| Transfer amount | EU residents |
| Up to 1 000 | 1 EUR |
| From 1 001 till 15 000 | 2.50 EUR |
| From 15 001 till 50 000 | 5 EUR |
| From 50 001 till 100 000 | 10 EUR |
| Over 100 000 | 20 EUR |
| Transfer amount | Non-EU residents |
| Up to 1 000 | 2.50 EUR |
| From 1 001 till 15 000 | 5 EUR |
| From 15 001 till 50 000 | 15 EUR |
| From 50 001 till 100 000 | 20 EUR |
| Over 100 000 | 30 EUR |
International payments (cost per transaction)
| Transfer amount | EU residents |
| Up to 1 000 | 25 EUR |
| From 1 001 till 15 000 | 30 EUR |
| From 15 001 till 50 000 | 40 EUR |
| From 50 001 till 100 000 | 50 EUR |
| Over 100 000 | 60 EUR |
| Transfer amount | Non-EU residents |
| Up to 1 000 | 30 EUR |
| From 1 001 till 15 000 | 40 EUR |
| From 15 001 till 50 000 | 50 EUR |
| From 50 001 till 100 000 | 60 EUR |
| Over 100 000 | 80 EUR |
Benefits
EMERALD 24 has the status of a Payment Intermediary in sponsoring banks for e-commerce acquiring.
The following Internet acquiring services are provided:
- Secure payment gateway;
- Acceptance of VISA, Mastercard;
- Multicurrency processing;
- Periodic billing;
- Payment by link;
- ILT (initial loan transfer);
- Forms of payment for the Internet and mobile devices;
- API integration.
The payment system also provides an opportunity to open an account for low, medium and, especially, high risk clients.
Low risk (mostly):
Sales of material objects, clothing, hospitality, car rental, ticket sales, educational business, insurance and so on.
Medium / High Risk:
Gaming business, hosting, web design, dating sites, selling health and beauty products, betting, crypto projects and the like.
Also, the EMERALD 24 payment system can individually consider your case and find the most optimal solution!
In addition to the fact that EMERALD provides acquiring and processing services for individuals and business clients, the payment system also carries out registration of a merchant account and provides payment gateway services.
Opening an account in EMERALD 24 with TAXTERS
Our team will advise you on all issues: from filling out the required forms to the first successful payment on your new account. We will show and teach you how to take advantage of all the advantages of EMERALD, how to process payments quickly and conveniently and answer all your questions. We will contact the payment system and open an account on an individual basis. We will show you how to correctly answer EMERALD compliance questions during the opening process and during working with an account.
Just click on the "Quick consultation" button and we will answer all your questions!
