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Payment system Wallester (Estonia)

Wallester is an Estonian licensed fintech company that provides businesses with unlimited card service options. Entered the European market in 2018.

The main partner of Wallester Business is Visa, which allows you to quickly issue many types of cards for companies: from virtual to physical ones.

In addition to cards, the payment system allows customers to use a modern financial control system, keep records and optimize them, integrate them with bank accounts and other online services.

This solution is suitable for high-tech business, streaming platforms, advertising and trading platforms.

OPEN ACCOUNT IN WALLESTER

Account types

Corporate accounts.

Discusses only European and English companies.

Accounts are focused on advertising activities, online trading, trading platforms, marketing. They provide a unique European BIN, which ensures full compatibility with platforms such as Facebook, Google and others.

Wallester Business provides an opportunity to instantly issue an unlimited number of cards, up to 300 cards - for free.

Accounts are only available in euros.

Cost of opening an account (payment system tariff)

Opening an account is free.

Representative offices

Valbonne, France.

Account management

A mobile application that, in addition, allows you to keep financial and accounting records of the company.

Service tariffs

The cost of monthly service depends on the chosen tariff plan. Wallester Business plans:

Free plan:

  • for start-up business;
  • free issue of 300 virtual cards, over - 1 card/0.35 EUR/month;
  • issuance of physical cards is not limited.


Premium plan - 199 EUR/month:

  • for growing and medium-sized businesses;
  • issuance of up to 3000 virtual cards, over - 1 card/0.2 EUR/month;
  • issuance of physical cards is not limited.


Platinum plan - 999 EUR/month:

  • for large companies and holdings;
  • preimum functions are available;
  • issuance of 15 000 virtual cards, over - 1 card/0.1 EUR/month;
  • issuance of physical cards is not limited.
Terms of opening an account

The process of opening an account consists of two stages: preparatory and directly the stage of opening an account.

The preparatory stage includes the collection and submission of documents required to open an account. The term of the preparatory stage depends directly on you.

The account is opened within 5-10 business days from the date of submission of all necessary documents and information to the payment system. The consideration period may be extended at the discretion of the payment system.

Wallester adheres to the principle of "know your customer" and in each individual case reserves the right to request additional information or documents, which may lead to an increase in the time for opening an account, and may also refuse to open an account without giving reasons.

Staff

Working languages: English, Estonian, Russian, German, and others.

Provide 24/7 support and dedicated managers.

Credit/Debit Cards

Virtual/Physical; Debit/Credit, Prepaid, Free Corporate Cards, White-Label Cards.

All VISA cards.

Issuance of cards is not limited.

Documents for opening an account

Documents for the company - you must provide the originals of all statutory documents.

Documents for the account manager:

  • original internal passport;
  • original passport;
  • original identification code;
  • CV-resume;
  • original bank recommendation;
  • original utility bill (for gas, electricity) no older than 3 months (to confirm the address of residence).
     

Documents for the beneficiary of the company:

  • original internal passport;
  • original passport;
  • original identification code;
  • CV-resume;
  • original bank recommendation;
  • original utility bill (for gas, electricity) no older than 3 months (to confirm the address of residence).

Also, the payment system may request documents confirming the source of income (wealth) of the beneficiary. It can be:

- a certificate from the place of work indicating the salary and an extract from the personal account, which displays the payroll;

- tax returns;

- documents confirming the receipt of the inheritance;

- documents confirming the receipt of funds as a gift, as well as their presence in the accounts;

- documents confirming the sale of movable/immovable property;

- if the beneficiary is the founder of the company - documents for the company, statements from the company's accounts, tax returns, documents confirming the payment of dividends;

- if the beneficiary is a private entrepreneur - an extract from the register, tax returns for the entrepreneur, bank statements;

- a certificate from the bank on the presence of a deposit, as well as documents confirming the source of receipt of these funds;

- other documents showing sources of income.

 

Documents for the nominee director, shareholder and secretary (when the company uses the nominee service):

  • stitching documents under an apostille, including copies of: passport, receipts for utility bills no more than 3 months old and a bank recommendation (if the nominal head, shareholder and secretary are individuals);
  • stitching the company's statutory documents under an apostille, including: Certificate of incorporation, articles of association and memorandum of association, protocol on the appointment of a director (if the head is a legal entity). It is also possible that you will need a Certificate of Good Standing under an apostille, a Certificate of Incumbency under an apostille and documents for the director: stitching documents under an apostille, including a copy of the passport, a utility bill no more than 3 months old and a bank recommendation.
Account opening procedure

It is necessary to visit our office to fill out questionnaires, as well as provide documents on the company, directors and shareholders. Further, the documents are sent to the payment system and after approval, an account is opened.

For more detailed advice on the conditions for opening accounts with Wallester (Estonia), please contact our office. We will answer all your questions and help you open an account in the Estonian payment system Wallester or one of more than 70 foreign banks to choose from.

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