The Paysera payment system has already gained popularity with individuals and companies across Europe, including Bulgaria. What makes it good, and who should use it?
The Lithuanian payment system Paysera has been operating since 2004. Over that time it has become widely known for its reliability, ease of use and favourable rates.
Advantages of the payment system:
Registration is fairly simple: you need to download the app and follow the system’s instructions.
For several years now, foreign entrepreneurs in Bulgaria have been facing difficulties in opening and maintaining bank accounts. Ever since the country adopted the law on anti-money-laundering measures, banks have been required to carry out thorough checks on foreign clients. Bank security departments often decide that it is easier for them to refuse a foreigner an account than to monitor every transaction closely and counter potentially unlawful activity. For this reason, both private individuals from non-EU countries and companies with foreign directors frequently encounter refusals to open an account. And sometimes accounts are simply closed without warning.
In this situation, using a payment system becomes an excellent alternative to a traditional bank account. Unlike other payment systems, Paysera allows payments to be made to the state budget — for example, paying taxes and social security contributions. This is very important, because when taxes are paid from a bank that does not support the local currency, the payments do not reach the state budget. With Paysera no such problems arise, and the account fully replaces an ordinary one.
As a pleasant bonus, the system allows you to accept payments not only online but also at physical points of sale. POS terminals can be ordered through the support service.
The staff of Bulgarian Expert are ready to help you with registration and opening an account in the payment system. Contact us if you have any questions!
Opening accounts for foreigners. What is going on?
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