From which countries can I use Transpact ?

Bank Account Location

You can use Transpact if you have a bank account in the UK, any EU country or Australia, Canada, Hong Kong, India, Israel, Norway, Singapore, Switzerland or the United States.
If your bank account is in Brazil, China, Iceland, Japan, Mexico, South Africa, Andorra or Monaco, then on some occasions we will allow you to use Transpact.com, but we may ask for some of the additional checks set out below.
You can be almost anywhere in the world, but you must have a bank account in one of these countries.

What if I am receiving money/selling, and don't have a bank account in one of these countries ?

In some cases, we may allow you to use Transpact.com. However, we will make a decision on a transaction by transaction basis.

• We will ask you to provide proof of your identity and your address, and if you are a company we will ask who your beneficial owners are.
• For large transactions, we may ask for proof that the underlying transaction is as described to us before we make payment to you.
• For very large transactions, on occasion we may ask you to provide a lawyer or accountant in the UK who will confirm the details you provide.
• For your first transaction, if the transaction is structured so that you have no fees to pay, we may ask you to make a small payment (roughly $0.01) from your bank account to our bank account - this will be at your cost, and is a one-off payment.
• As with all transactions (regardless of country), we reserve the right to ask for extra information at your cost when we deem it necessary.

What if I am sending money/buying, and don't have a bank account in one of these countries ?

On request, we will consider allowing you to use Transpact.com, but we will make decisions on a transaction by transaction basis.

• We will ask you to provide proof of your identity and address, and if you are a company we will ask who your beneficial owners are.
• We may ask you to inform us of the origin of the money you are paying with.
• We may ask for proof that the underlying transaction is as described to us.
• We may ask you to provide a lawyer or accountant in the UK who will confirm the details you provide.
• As with all transactions (regardless of country), we reserve the right to ask for extra information at your cost when we deem it necessary.

Where is Transpact.com based, and where am I transacting when I deal with Transpact.com ?

Transpact.com is based in England. When you deal with Transpact.com, you are transacting in England under English law, regardless of your location.