Bitcoin Forum

Disclaimer
I don't work for Leupay in anyway.
I don't get anything from them by writing this here.
"Nothing"
I just think that this service is good and can be useful for the Bitcoin community ;)


https://www.leupay.eu/

Their old domain is https://www.ipay.eu, they have change it few weeks ago. (they are probably still migrating accounts)
They are these also: https://www.icard.com / https://www.icard.bg


You can open and verify the account for free.
They will be even sent you a debitcard (mc) for free.
You can even deposit with credit/debit cards. (max 5 cards currently)
You will have a sepa iban for every currency that you will enable on your account.
The IBAN is assigned at "your name", so you can use to receive and send to exchanges that need verification

Here are the "actual" fees with a verified account:
https://i.imgur.com/Oow14xDt.png (https://i.imgur.com/Oow14xD.png)https://i.imgur.com/hdZ7dSIt.png (https://i.imgur.com/hdZ7dSI.png)


I can just say that it works well, but I haven't used it for large amount of money, so be careful as always ;)

Maybe, it will be interesting if an exchange will integrate their iPay system ...

Do they supply an account number to deposit with credit/debit cards?

I'm not sure about the question.
You must be registered and logged to deposit  "on your account" with credit/debit cards.
You can't deposit to other user directly with credit/debit cards.
If you want to send money to other people through leupay (they also must be registered), you have to deposit money on your account before, and then send money to them after.

Do you need to be an EU resident to open an account ?

I don't see any telephone numbers on their site.. only email contacts.

Sorry but I don't know this :)

It's an interesting question, if you find the answer, can you even report it here?

I live in South Korea, and it looks like I can create account there. (If I cannot join, they wouldn't allow me to fill the forms)

I stopped the process when I was requested to put "ID number", though. So not sure if they reject for not being EU citizen.

They support all these currencies (they will give a different iban for all of them)
https://www.leupay.eu/isl/en/exchangerates
You can even exchange them internally.

If you make a business account, the leupay debit card will have the name of your company (or else)

Well, the domain is less then 6 months old, and there are no phone numbers.

When searching google about them I find zero information or discussion about them..  :-\

I would stay away for now..

I linked their new domain, because they've moved from ipay.eu few weeks ago. (they are probably still migrating accounts)
They are these: https://www.icard.com / https://www.icard.bg

So it's better if you search ipay and icard if you want to read/find more feedback about them ;)

Also, I've already spoken with their customer support by phone, they called me at the number that I used on registration.
Maybe you should add your phone number on the contact request, and say that you would like to have a direct phone call.

This can be usefull to accept Paysafecard as Bitcoin reseller.
Paysafecard voucher -> My Paysafecard account -> PSC Mastercard (fee 4%) -> Laupay (fee 1%) -> SEPA to exchange (fee 3€)
It's cheaper than Skrill (5.5%, 0.5% of difference) and you can sent to exchanges.

With Ukash vouchers is even cheaper (less fees)

I already opened a free account with ING Luxembourg (not sure if this offer is still active).

So this seems to be fairly common in that little rich country.

There are other banks offering online accounts for non-residents with minimal ID and trouble?

It seems not :(
https://www.ing.lu/web/ucmintercons/groups/public/documents/web_content_files/tarif_pb_en.pdf

Do you more free or easy to open SEPA accounts?

I don't work for them, and I'm not sure that I have understood correctly what you are asking.

doing a little bit of research , they have a fake/virtual office in Sofia :
https://www.leupay.eu/rom/en/contact

see this :
http://www.braintrust.bg/en/virtual-office/

Hmm, I'll ask to the support to see their response about it.

I received this answer:

This seems to be a nice service, but also too good to be true... I'll wait for feedback on this :)

- It can be useful for people that want a full bank account easly outside his own country
- For people that live abroud europe
- The corporate account can be even opened from companies outside europe and more ...
- You can ask many cards with different names, both private and corporate account.
- It gives a different IBAN for every currency, and you can exchange them internally.

Anyway, it kind of free to test, without risking much money.

Ive been working with Leupay and they are ok, they have other product that is more interesting for me called myPOS, its a TPV with an anonymous Masterdcard linked. The cool thing is that you have acces to the money instanly after process a transaction. PLUS they have something called virtualmyPOS where you can request payments online.

Thats the website www.mypos.eu

http://www.oecd.org/ctp/exchange-of-tax-information/automatic-exchange-financial-account-information-common-reporting-standard.pdf

Anyway, it's better if you ask to more expert people :)

Is this legit?

Don't mean to sound harsh but newbies reviews have very limited credibility.

After a little research about them i found out they have been known to launch the project "ipay" before. I found a LOT of bad reviews about identety theft and credit card fraud connected to them.
I do not know them personally but i just wanted you to be warned!

http://www.ripoffreport.com/r/IPAYEU/internet/IPAYEU-Intercard-services-ipaybg-Credit-card-missing-OVER-700-EURO-NOT-REFUNDED-Inter-1001407

any updates on this one? maybe someone who tried the service and can give a review?

New dedicated app for 2FA:
https://play.google.com/store/apps/details?id=ipay.gatekeeper.gate.keeper

Well I did a research and I was in their office and they tend to seem very professional and reliable. I even use them and got my prepaid card in just 3 biz days from their office in Luxembourg. So far so good. Have to test and valuate this VALUABLE SERVICE as it seems alike. Love the low fees, SEPA, iPhone app and all of it. Just do not like the fact that they do not do much promoting and it is not that popular so the BTC community cannot benefit from it and forget the shitty PayPal or Skrill or even Neteller with their freezing and stealing funds...

My appeal to all here is to test and explore - not much to loose but much to gain...I hope/guess...

Hi i have a leupay account since April 2015 and my experience has been good with them, i order the mastercard and send me to my adress quickly, i use it to buy a airline ticket in Avianca by 650 usd via internet and all good, the app in the play store is excellent, you can block the transactions online, pos, etc.  I recomend 100%

Another free IBAN account

Nemeabank - "Free" online SEPA account in Malta
https://bitcointalk.org/index.php?topic=1176846

Would like to put money away out of the Country in case things go a little weird. Hope more people review this service and get back to this thread.

It can seems obvious, but I just confirm that it is possible to withdraw from Skrill to Leupay as a common SEPA transit.
Than you can transfer these money to any exchange.

Skrill -> SEPA -> Leupay -> SEPA -> Bitcoin Exchange

Can somebody tell me how long the verification takes time?

Woah guys you discover stuff I would never imagined it was possible,keep it updated!

i've been using leupay since Jan 2015. Its very reliable and very easy to use. they have also created a chat where all leupay clients can transfer eachother funds while chatting and use smartphones NFC capabilty for payments.

check it out at: www.leupost.com

Confuses me a little bit that most positive reviews about the service come from members with 1-3 posts ;)

Hello,

Do you know how many days it takes the tranfer from skrill to leupay ? and how long does it take the verificaion proccess ?

Thnak you

Maybe 5/7 days.

This looks too good to be true..  Like a global paypal, only better.   I have researched Leupay extensively and they are for real.   I have been looking to find a way to simply have a account with IBAN and a debit card.  I am US citizen and resident.  Just having an IBAN as a means for EU customers to pay me would be huge!

I am in the process of signing up and everything looks good.  Apparently they even accept customers from the US.  I have already gotten an account number, registered a credit card for funding..   i'll report back how it all goes.

The IBAN is now from Malta.

But there is no more unique Iban for every account now, right!?
Instead theres a reference message needet for every account now as i was told.

Hello!

I would like to revisit the LeuPay topic. Well, one year after the start of this thread they still seem to be trading, which I reckon is good news.

I wonder if anyone knows about the difference between LeuPay and iCard? The former seems to be - at least formally - based in Malta, while the latter is based in Bulgaria and would likely issue Bulgarian IBANs.

LeuPay offer a business bank account, which I suspect can be used to not merely make payments but also receive funds. What about iCard? Can the iCard account be used as a de-facto business bank account? Does anyone know what their SEPA payment charges are? I could not find them online.

I generally have an affection for off-piste providers, yet I suspect having a Bulgarian IBAN on stationery could put some clients off or at least lead to unnecessary questions.


Thanks!

I got a leupay account when i read this thread about a year ago.   No complaints, in fact I love it!  i send and receive SEPA payments, use my mastercard everywhere,  I have a unique IBAN for every currency in my account (no reference needed, its a unique iban that belongs to me).

I am from the US and we are usually banned from using any type of financial site outside the US.  It was a non-issue with Leupay.  I had been looking for a way to have an IBAN for while.  Leupay far exceeds what i expected.

Interesting!

Did you get Maltese or Bulgarian IBANs allocated? Are those individual IBANs still being issued though? One of the earlier posts seems to suggest that this practice was stopped.

What do we know about the practical differences between LeuPay and iCard?

I advice anyone who has something serious to do do with his money to stay away from leupaysnake until they have been proven to be a reputable online financial agency.

they still hold my fund uptil date without any communication. the last msg i recieved from leupay support team is that my fund has been transfered/kept in a separate account" until after the  verification process.

Paypal is 10x better & reliable compare to leupaysnake!

How long have they been keeping your funds?

Clause 19.8 of the Legal Agreement for LeuPay Services states:

To be fair to LeuPay: Did you complain to their Complaints Officer under the listed e-mail address? Did you appeal to the Malta Financial Services Authority?

What worries me is Clause 1.3 of the Legal Agreement for LeuPay Services which states:

Thus, if Satabank p.l.c. were to hit the rocks - unless the Maltese government comes to their rescue - expect significant losses! This seems to be the major disadvantage of their product.

I got Maltese IBAN's.  I saw that earlier post also and it is incorrect.  Leupay issues unique IBANs, no reference needed.  I dont know about icard, leupay is perfect for me. 

Leupay has extremely sensitive anti-fraud measures.  When i first got my account, i had some difficulty getting it verified.   I linked a credit card to my leupay account as a funding source.  The name on my card did not match the name on my leupay account (i have 3 names fist, middle and last name.  i go by my middle name, so some cards say Mark and others say william).  This triggered a fraud flag on my account and they froze it for a couple days.   They required that I send them a color notarized copy of my passport AND i was required to wire a deposit (any amount) from my personal bank account in the US.  Im with Bank of America and they charge $45 for an international wire which i really did not want to pay.  I ask leupay to give me another , less costly verification method and they refused. 

So, i complied and paid the $45 wire fee and got my account fully verified.  It was a pain in the ass, but worth the effort.  They are great now, treat me like family.  I can pickup the phone and talk to a live person anytime i have a question.  Their customer service is very strict and secure because they have to be.  Issuing accounts globally is a dream come true for money launderers and scammers.

does anyone know whether it is possible to receive money directly to the Leupay Mastercard using the card details?

It is called "Peer to Peer" transactions. P2P transactions are available for LeuPay card?

if iam outside europa land
iam can register or not, and i can use SEPA account or not
thank you

try to register and see whether your country is in the list

Leupay is completely legit, i have had an account by Leupay for now 1,5 year and my account turnover has been 180.000 eur , and no problems at all.  They provide you with a prepaid mastercard that is issued by SATA BANK in Malta and can be used for withdrawel of money in ATM or you can pay with in shops etc.

Very friendly costumer service.

Please be aware of the CRS ( Common reporting Standard) and AEOI ( Automatic Exhange of Information) as Malta has joined this agreement the bank has to report foreign private account holders  and entities who are taxpayers to another eu country to the respective counterpart tax authorities.

I am also very sad to close my account with Leupay due to above.

I anyone knows about a similar service as Leupay wich is operating outside the AEOI compleint countries, please share.

Leupay service is great. But due to the CRS( common reporting standard) and AEOI ( automatic exhange of information) that many Eu countries has signed and participating in it is now extremely difficult to have an account with Leupay which is handled by sata bank in malta, if you dont want to get in trouble with your local tax authorities.

If anyone know about a loophole or a similar service as Leupay please share.

Can I transfer my bitcoin to leupay anytime ?

Hi,

You may also be interested in this thread (https://bitcointalk.org/index.php?topic=1810594.20).
Looks like the bank is legit but not bitcoin-friendly at all.  :(


Regards

Why Skype video chat not available for verification?

You don't have to be an EU resident to open an account. On the LeuPay's official page you can see the list of the countries whose citizens are allowed to have a LeuPay account and get the cards. https://www.leupay.eu/en/faq/new-client/getting-started Here you can see the list of those countries in the PDF format (FAQ- First steps- What countries is LeuPay  available in?)

Hi!

Is someone know what is the conversion fees on cards, if you are withdrawing money in different currency than your card issued. Thanks.

This Leupay (later rebranded as Leopay) has been giving out some smelly practices. It seems that their group bank Satabank in Malta has gone into public administration in October 2018. Since Leopay used Satabank as their correspondent bank, a lot of their money has been tied up at Satabank and cannot be accessed.  Since then, Leopay has been kicked out of SEPA transfers and alredy was not included in USD transfers. Anybody who want to work with Leopay, be warned.