Overview
ConnectPay, at a glance.
ConnectPay is an e-money institution headquartered in Lithuania, regulated by Bank of Lithuania. Business accounts cost from €9.50 a month. Opening an account takes 3–5 days.
Client funds are held in separate accounts at credit institutions in Lithuania and the EU, or in safe, liquid assets. This is safeguarding, not a deposit guarantee.
Why businesses pick ConnectPay
- Free to apply and open
- From €9.50 a month, with SEPA payments at €0.25
- 80+ currencies on one business IBAN
- Works with fintech, marketplaces, remittance and crowdfunding businesses
- Phone support, in English and Lithuanian
Watch out for
- The higher plans cost €295 and €490 a month, with percentage fees on every payment
- Currency exchange costs 0.75% to 3% depending on the plan
- Companies and owners from 27 countries are refused, including Ukraine, Russia and Tunisia
- Crypto businesses need specific approval; companies funded by token offerings are refused
- Card spending in other currencies costs 2.94%
Business fit
Will ConnectPay accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on ConnectPay's published rules
Likely fit
ConnectPay lists both United Kingdom companies and Fintech as accepted.
ConnectPay does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What ConnectPay publishes about the businesses it takes on.
Who ConnectPay serves
- E-commerce
- Marketplaces
- Financial institutions
- Startups and SMEs
All 10 industries on ConnectPay's accepted list
- Fintech
- E-commerce
- Marketplace
- Remittance
- Platforms
- Startups
- Crowdfunding
- Sports club
- Retail
- Wealth management
Not supported
Industries and countries ConnectPay does not accept, from its own published lists.
Industries
- Any customer industry where the customer is suspected to be conducting illegal activity, including money laundering, terrorist financing, fraud, human trafficking, political corruption, blackmailing, environmental crime and/or illegal wildlife trafficking
- Virtual Asset Tumblers and Mixers
- Shell banks
- Companies suspected of counterfeit or pirated goods
- Adult Entertainment and/or prostitution, including support/services to that industry except toys/clothing/personal items
- Companies formed by bearer shares
- Manufacturing, sale, repair or distribution of dual-use goods, military equipment, military technology, arms and/or munitions, or armed/overseas mercenary/security services
- Binary options
- Selling or reselling religious content, products or services
- Illegal drugs and medicine, and chemicals used to manufacture synthetic drugs
- Production or trade in radioactive materials
- Production, trade, storage or transport of hazardous chemicals, or commercial-scale usage of hazardous chemicals
- Trade in gas and oil (petroleum)
- Quarries, mining, or processing of metal ores or coal
- Trading of animal fur, bones, ivory and other protected species
- Cultural objects including sculptures, statues, antiques, collector items, archaeological pieces and other historically/culturally/religiously significant or rare scientific pieces
- Auctions organization and performance
- Human body parts and pathogens
- Financial pyramid, Ponzi and other schemes
- Debt restructuring, debt factoring, credit repair, debt settlement, debt collection
- Unlicensed/unregulated remittance agents, exchange houses, bureau de change or money transfer agents
- Diamond trade
- Embassies/consulates
- Companies funded through ICO, STO, ISPO and other virtual-asset offerings
- Financial institutions using ConnectPay to process end-user transactions without prior KYC of those end users
Countries
- Afghanistan · owners
- Belarus · owners
- Burundi · owners
- Central African Republic · owners
- Congo - Kinshasa · owners
- Cuba · owners
- Guinea · owners
- Guinea-Bissau · owners
- Iran · owners
- Iraq · owners
- Lebanon · owners
- Libya · owners
- Mali · owners
- Myanmar (Burma) · owners
- North Korea · owners
- Palestinian Territories · owners
- Russia · owners
- Somalia · owners
- South Sudan · owners
- Sudan · owners
- Syria · owners
- Tunisia · owners
- Ukraine · owners
- Venezuela · owners
- Western Sahara · owners
- Yemen · owners
- Zimbabwe · owners
- Afghanistan · company or owners
- Belarus · company or owners
- Burundi · company or owners
- Central African Republic · company or owners
- Congo - Kinshasa · company or owners
- Cuba · company or owners
- Guinea · company or owners
- Guinea-Bissau · company or owners
- Iran · company or owners
- Iraq · company or owners
- Lebanon · company or owners
- Libya · company or owners
- Mali · company or owners
- Myanmar (Burma) · company or owners
- North Korea · company or owners
- Palestinian Territories · company or owners
- Russia · company or owners
- Somalia · company or owners
- South Sudan · company or owners
- Sudan · company or owners
- Syria · company or owners
- Tunisia · company or owners
- Ukraine · company or owners
- Venezuela · company or owners
- Western Sahara · company or owners
- Yemen · company or owners
- Zimbabwe · company or owners
Coverage
Where can you use ConnectPay?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
80+ currencies
Including EUR, USD, GBP, CHF, AUD, CAD, JPY, SGD, HKD, PLN, SEK, NOK, DKK, CZK, HUF and RON.
Payment reach
Not published
Who can apply
Company incorporation countries223 countries · show list
- Åland Islands
- Albania
- Algeria
- American Samoa
- Andorra
- Angola
- Anguilla
- Antarctica
- Antigua & Barbuda
- Argentina
- Armenia
- Aruba
- Australia
- Austria
- Azerbaijan
- Bahamas
- Bahrain
- Bangladesh
- Barbados
- Belgium
- Belize
- Benin
- Bermuda
- Bhutan
- Bolivia
- Bosnia & Herzegovina
- Botswana
- Bouvet Island
- Brazil
- British Indian Ocean Territory
- British Virgin Islands
- Brunei
- Bulgaria
- Burkina Faso
- Cambodia
- Cameroon
- Canada
- Cape Verde
- Caribbean Netherlands
- Cayman Islands
- Chad
- Chile
- China
- Christmas Island
- Cocos (Keeling) Islands
- Colombia
- Comoros
- Congo - Brazzaville
- Cook Islands
- Costa Rica
- Côte d’Ivoire
- Croatia
- Curaçao
- Cyprus
- Czechia
- Denmark
- Djibouti
- Dominica
- Dominican Republic
- Ecuador
- Egypt
- El Salvador
- Equatorial Guinea
- Eritrea
- Estonia
- Eswatini
- Ethiopia
- Falkland Islands
- Faroe Islands
- Fiji
- Finland
- France
- French Guiana
- French Polynesia
- French Southern Territories
- Gabon
- Gambia
- Georgia
- Germany
- Ghana
- Gibraltar
- Greece
- Greenland
- Grenada
- Guadeloupe
- Guam
- Guatemala
- Guernsey
- Guyana
- Haiti
- Heard & McDonald Islands
- Honduras
- Hong Kong SAR China
- Hungary
- Iceland
- India
- Indonesia
- Ireland
- Isle of Man
- Israel
- Italy
- Jamaica
- Japan
- Jersey
- Jordan
- Kazakhstan
- Kenya
- Kiribati
- Kosovo
- Kuwait
- Kyrgyzstan
- Laos
- Latvia
- Lesotho
- Liberia
- Liechtenstein
- Lithuania
- Luxembourg
- Macao SAR China
- Madagascar
- Malawi
- Malaysia
- Maldives
- Malta
- Marshall Islands
- Martinique
- Mauritania
- Mauritius
- Mayotte
- Mexico
- Micronesia
- Moldova
- Monaco
- Mongolia
- Montenegro
- Montserrat
- Morocco
- Mozambique
- Namibia
- Nauru
- Nepal
- Netherlands
- New Caledonia
- New Zealand
- Nicaragua
- Niger
- Nigeria
- Niue
- Norfolk Island
- North Macedonia
- Northern Mariana Islands
- Norway
- Oman
- Pakistan
- Palau
- Panama
- Papua New Guinea
- Paraguay
- Peru
- Philippines
- Pitcairn Islands
- Poland
- Portugal
- Puerto Rico
- Qatar
- Réunion
- Romania
- Rwanda
- Samoa
- San Marino
- São Tomé & Príncipe
- Saudi Arabia
- Senegal
- Serbia
- Seychelles
- Sierra Leone
- Singapore
- Sint Maarten
- Slovakia
- Slovenia
- Solomon Islands
- South Africa
- South Georgia & South Sandwich Islands
- South Korea
- Spain
- Sri Lanka
- St. Barthélemy
- St. Helena
- St. Kitts & Nevis
- St. Lucia
- St. Martin
- St. Pierre & Miquelon
- St. Vincent & Grenadines
- Suriname
- Svalbard & Jan Mayen
- Sweden
- Switzerland
- Taiwan
- Tajikistan
- Tanzania
- Thailand
- Timor-Leste
- Togo
- Tokelau
- Tonga
- Trinidad & Tobago
- Türkiye
- Turkmenistan
- Turks & Caicos Islands
- Tuvalu
- U.S. Outlying Islands
- U.S. Virgin Islands
- Uganda
- United Arab Emirates
- United Kingdom
- United States
- Uruguay
- Uzbekistan
- Vanuatu
- Vatican City
- Vietnam
- Wallis & Futuna
- Zambia
Owner nationality and residency223 countries · show list
- Åland Islands
- Albania
- Algeria
- American Samoa
- Andorra
- Angola
- Anguilla
- Antarctica
- Antigua & Barbuda
- Argentina
- Armenia
- Aruba
- Australia
- Austria
- Azerbaijan
- Bahamas
- Bahrain
- Bangladesh
- Barbados
- Belgium
- Belize
- Benin
- Bermuda
- Bhutan
- Bolivia
- Bosnia & Herzegovina
- Botswana
- Bouvet Island
- Brazil
- British Indian Ocean Territory
- British Virgin Islands
- Brunei
- Bulgaria
- Burkina Faso
- Cambodia
- Cameroon
- Canada
- Cape Verde
- Caribbean Netherlands
- Cayman Islands
- Chad
- Chile
- China
- Christmas Island
- Cocos (Keeling) Islands
- Colombia
- Comoros
- Congo - Brazzaville
- Cook Islands
- Costa Rica
- Côte d’Ivoire
- Croatia
- Curaçao
- Cyprus
- Czechia
- Denmark
- Djibouti
- Dominica
- Dominican Republic
- Ecuador
- Egypt
- El Salvador
- Equatorial Guinea
- Eritrea
- Estonia
- Eswatini
- Ethiopia
- Falkland Islands
- Faroe Islands
- Fiji
- Finland
- France
- French Guiana
- French Polynesia
- French Southern Territories
- Gabon
- Gambia
- Georgia
- Germany
- Ghana
- Gibraltar
- Greece
- Greenland
- Grenada
- Guadeloupe
- Guam
- Guatemala
- Guernsey
- Guyana
- Haiti
- Heard & McDonald Islands
- Honduras
- Hong Kong SAR China
- Hungary
- Iceland
- India
- Indonesia
- Ireland
- Isle of Man
- Israel
- Italy
- Jamaica
- Japan
- Jersey
- Jordan
- Kazakhstan
- Kenya
- Kiribati
- Kosovo
- Kuwait
- Kyrgyzstan
- Laos
- Latvia
- Lesotho
- Liberia
- Liechtenstein
- Lithuania
- Luxembourg
- Macao SAR China
- Madagascar
- Malawi
- Malaysia
- Maldives
- Malta
- Marshall Islands
- Martinique
- Mauritania
- Mauritius
- Mayotte
- Mexico
- Micronesia
- Moldova
- Monaco
- Mongolia
- Montenegro
- Montserrat
- Morocco
- Mozambique
- Namibia
- Nauru
- Nepal
- Netherlands
- New Caledonia
- New Zealand
- Nicaragua
- Niger
- Nigeria
- Niue
- Norfolk Island
- North Macedonia
- Northern Mariana Islands
- Norway
- Oman
- Pakistan
- Palau
- Panama
- Papua New Guinea
- Paraguay
- Peru
- Philippines
- Pitcairn Islands
- Poland
- Portugal
- Puerto Rico
- Qatar
- Réunion
- Romania
- Rwanda
- Samoa
- San Marino
- São Tomé & Príncipe
- Saudi Arabia
- Senegal
- Serbia
- Seychelles
- Sierra Leone
- Singapore
- Sint Maarten
- Slovakia
- Slovenia
- Solomon Islands
- South Africa
- South Georgia & South Sandwich Islands
- South Korea
- Spain
- Sri Lanka
- St. Barthélemy
- St. Helena
- St. Kitts & Nevis
- St. Lucia
- St. Martin
- St. Pierre & Miquelon
- St. Vincent & Grenadines
- Suriname
- Svalbard & Jan Mayen
- Sweden
- Switzerland
- Taiwan
- Tajikistan
- Tanzania
- Thailand
- Timor-Leste
- Togo
- Tokelau
- Tonga
- Trinidad & Tobago
- Türkiye
- Turkmenistan
- Turks & Caicos Islands
- Tuvalu
- U.S. Outlying Islands
- U.S. Virgin Islands
- Uganda
- United Arab Emirates
- United Kingdom
- United States
- Uruguay
- Uzbekistan
- Vanuatu
- Vatican City
- Vietnam
- Wallis & Futuna
- Zambia
Company types
Not publishedPricing
What does ConnectPay cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
€9.5–490
depends on plan
Corporate Tree
Lowest cost€9.5 per month
€0 setup · €114 in year one
Corporate Forest
€295 per month
€0 setup · €3,540 in year one
Corporate Jungle
€490 per month
€0 setup · €5,880 in year one
Transaction fees
| Cost | Corporate Tree | Corporate Forest | Corporate Jungle | How it is charged |
|---|---|---|---|---|
| Incoming | ||||
| SEPA | Free | 0.04%, min €1 | 0.1%, min €2 | No charge |
| SWIFT / international | €20 | 0.4%, min €50 | 1%, min €50 | Fixed fee |
| Outgoing | ||||
| SEPA | €0.25 | 0.04%, min €1 | 0.1%, min €2 | Fixed fee |
| SWIFT / international | €20 | 0.4%, min €50 | 1%, min €50 | Fixed fee |
Other fees
Currency exchange (FX)
| Cost | Corporate Tree | Corporate Forest | Corporate Jungle | How it is charged |
|---|---|---|---|---|
| FX markup | 0.75% | 1% | 3% | Percentage of the amount |
Cards
| Cost | Corporate Tree | Corporate Forest | Corporate Jungle | How it is charged |
|---|---|---|---|---|
| Physical card issue | Free | €25 | €25 | No charge |
| Monthly card fee | €2 | €25 | €25 | Fixed fee |
| Card FX | 2.94% | 2.94% | 2.94% | Percentage of the amount |
| ATM withdrawal | 2%, min €3 | 2%, min €3 | 2%, min €3 | Percentage, with a minimum charge |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Online application
Complete the application; applying is free.
- 2
Know-your-customer form
The company's authorised representative signs the form.
- 3
Identity check
Verify remotely with a passport or an EEA identity card.
- 4
Company documents
Send the corporate documents in English or Lithuanian, or translated.
Documents you need
- Certificate of Incorporation
- Memorandum and Articles
- Dated Enterprise Register extract
- Internal share registry
- Certificate of Incumbency or Registered Agent certificate
- Certificate of Good Standing
- Trust deed where applicable
- POA where applicable
Sometimes requested
- Directors Resolution where applicable
- Licence if not verifiable online
- Valid passport or EEA ID
- Ownership chart, business-activity evidence and Source-of-Wealth evidence if requested
FAQ
Your questions, answered.
Is ConnectPay a bank?
No. UAB ConnectPay is an e-money institution licensed by the Bank of Lithuania, register code LB000440. Client funds are safeguarded, not covered by a deposit guarantee.
How much does a ConnectPay business account cost?
Applying and opening are free. The Corporate Tree plan costs from €9.50 a month, Corporate Forest €295 and Corporate Jungle €490. On Tree, a SEPA payment costs €0.25 and an international payment €20.
Which countries does ConnectPay not accept?
Its prohibited list has 27 countries, including Afghanistan, Belarus, Cuba, Iran, Iraq, Lebanon, Libya, North Korea, Russia, Syria, Tunisia, Ukraine, Venezuela and Yemen.
Which businesses does ConnectPay not accept?
Its prohibited list includes adult entertainment, binary options, arms and dual-use goods, trade in oil and gas, mining, diamond trade, auctions, debt collection, unlicensed money transfer, and companies funded through token offerings.
Does ConnectPay accept crypto businesses?
Crypto exchanges, brokers, custodians and similar businesses are restricted and need specific approval. Mixers and companies funded through token offerings are refused.
Does ConnectPay offer cards?
Yes. Virtual and physical Visa business cards. The card is free on the Tree plan and costs €2 a month.
Alternatives
How ConnectPay compares.
If ConnectPay is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 ConnectPayThis pageE-money institution |  | Online businesses80+ currencies |
 BankeraPayment account provider | Not published | Crypto-friendlyHigh-risk industries |
 MistertangoE-money institution | | Non-residents acceptedHigh-risk industries |
 GenomeE-money institution | | Published pricesVisa cards |
 SatchelE-money institution | | European IBANMastercard cards |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.