Hawex is the trading name of the UK-registered Hawex Group Ltd, an FCA-regulated AMD agent authorized to distribute or redeem electronic money (e-money) and provide certain payment services on behalf of an e-money institution.
Hawex is the agent for the FCA-regulated EMI PayTrees (PC42 profile) and offers IBAN-based bank accounts to individuals and businesses. Additionally, it provides acquiring solutions to merchants, including the high-risk segment and Russian merchants.
Hawex demands a one-time set-up and onboarding fees of up to €100 for individuals and up to €2,500 for businesses.
For its acquiring services in the high-risk segment, Hawex demands an onboarding fee of €750 and a rolling reserve of 10% over 180 days.
We have not found any complaints and thus include Hawex in our “Green Compliance” list.