One of the more unusual services that Porat Group provides is collection services for blocked or unreleased funds in Electronic Money Institutes (EMIs) or with Payment Service Providers (PSPs). These services are vital to any client who:
Some reasons that funds may be blocked or unreleased in a bank, PSP or EMI include:
It is important to note that EMI/BANKS/PSP are required to follow strict regulations to ensure the safety and security of their customers’ funds and as a result, the process of releasing blocked funds may take some time and may also be frustrating due to the bureaucracy and the regulations involved. However, if you have concerns about the handling of your funds or if you feel that your funds are being blocked unfairly, you should seek legal advice.
Porat Group offers a tailor made solution for each client facing these obstacles, and the compensation for the services are based on success only.
Our legal team has vast expertise and experience with the global payments industry in general, and with releasing large amounts of blocked funds from EMIs, banks and PSPs in particular. As such, we have an impressive amount of verified successful cases and satisfied clients, including a case where one of our client had over 1,000,000 euros that had been blocked by an EMI released with our help.
Porat Group’s forte includes banking, finance, knowledge related to both the commercial and regulatory fields, creative thinking, as well as access to a broad network of connections with EMIs, banks, PSPs and others across the globe, which gives us a crucial added value.
Porat Group offers to represent our clients/merchants and take responsibility for management, communications and negotiations involved in releasing the funds that are held by acquiring banks, financial institutions or payments service providers, whether the funds are being held due to ongoing and/or previous processing services.
The client starts by sharing their case with us, and the Porat Group legal team then reviews and investigates the details of each particular case. Using our robust and far reaching network, we then start working tirelessly in order to return the funds to the client as quickly and efficiently as possible.
During this process we send regular updates to the client, and believe in complete transparency at all stages, so that the client can be aware of each step that is being taken.
Contact us today in order to get the process started.