Emerald Financial Group is a UK-based full-service payment platform. It is registered in the UK (Emerald Financial Group (UK) Ltd that operates under license from the UK Financial Conduct Authority, and presents a digital neobank, which is a robust alternative to traditional banks. The payment platform offers the most comprehensive range of services for both small and medium-sized businesses. It is possible to open merchant accounts and e-commerce accounts. Companies are provided with individual direct account details.
Though a bank has global ambitions, it targets mainly the UK and European Union. The company’s priorities are reliability, accessibility, and safety of financial transactions that should be available for all under modern circumstances. EMERALD24 does not open accounts for partnerships and companies whose jurisdictions and activities are included in the sanctions lists. Also, the activities of financial intermediaries, crowdfunding services, and other collective investment schemes, as well as forex, crypto, and high-risk businesses are not serviced.
Benefits of using Emerald24
A licensed financial services provider operating has its own BIC (SWIFT) code, as well as a local sort code in the UK for issuing to its customers an individual international bank account number IBAN in GB format.
It doesn’t take long to open a merchant account. Emerald24 accepts VISA and Mastercard. The bank supports multi currency processing, easy payment integration with API, and low fees.
The company is flexible and doesn’t stick to standard solutions as the demands of clients vary considerably. Customization of payment processing makes the service convenient to use.
The payment system can boast of numerous features such as the convenience of remote account opening for corporate and private individuals. The company offers direct accounts in the IBAN “GB” format, integrated technological solutions for international settlements, and payments, and the use of such payment methods as SEPA, TARGET, and SWIFT. Merchants point out convenient access and account management via web and mobile interfaces.
The bank came up with payment solutions for small and medium-sized businesses along with services and technology solutions for e-commerce.The payment system preferably opens accounts for European and English companies (LTD). Opening an account for companies registered in other jurisdictions is agreed upon on an individual basis. Accounts are not opened for companies registered on the sanctions lists. Companies are provided with individual direct account details.
Financial details
It costs 200 EUR to open the account for legal entities registered in the EU and 500 EUR for legal entities from outside the EU. The fee for account maintenance varies from 25 to 100 EUR a month for legal entities depending on the structure of the company and the country of registration.
Incoming payments are free. Outgoing payments are free of charge for internal payments (in EMERALD) and cost from 2.5 to 50 EUR for SEPA payments. International payments cost from 45 to 100EUR per transaction.
Merchants connected to the system pay a fee of 2-6% per transaction depending on industry.
How to connect to the system
There is a form on the official website for merchants. Fill out its fields to connect to the service. A 24/7 support group is ready to deliver assistance if something’s not clear for you.
