Overview
OpenPayd, at a glance.
OpenPayd is an e-money institution headquartered in the United Kingdom, regulated by FCA, MFSA, ACPR, FINTRAC. Pricing is agreed with each client. Opening an account takes 3–5 days.
Funds are safeguarded with a banking partner in separate accounts, or in secure liquid assets or insurance where permitted. No depositor protection scheme applies.
Why businesses pick OpenPayd
- Built for regulated and high-volume businesses: fintech, forex, digital assets, remittance and iGaming
- Virtual IBANs for reconciling payments from many customers
- Payments on SEPA, Faster Payments, SWIFT, ACH and other local networks
- Licensed in the UK and Malta, with a branch in France and registration in Canada
- A dedicated customer success manager
Watch out for
- All pricing is bespoke and not published
- Full onboarding of its services can take longer than a simple account
- Virtual IBANs are references to one account, not separate accounts in your name
- No business cards
- Trustpilot score of 1.8, from 17 reviews
Business fit
Will OpenPayd 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 OpenPayd's published rules
Needs review
OpenPayd works with Fintech, but does not publish the countries it accepts companies from.
OpenPayd 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 OpenPayd publishes about the businesses it takes on.
Who OpenPayd serves
- Financial institutions
- Forex
- Crypto
- iGaming
- Marketplaces
All 9 industries on OpenPayd's accepted list
- Fintech
- Forex & Online Brokerage
- Digital Assets
- Remittance
- Marketplaces & Platforms
- Insurtech
- Payroll
- iGaming
- Embedded Finance
Not supported
Industries and countries OpenPayd does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use OpenPayd?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
12 currencies
Payouts in more than 70 currencies. The currencies are not listed.
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Not publishedPricing
What does OpenPayd 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
Not published
Monthly fee
Not published
Bespoke pricing
Custom
Transaction fees
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Enquiry
Tell OpenPayd what your business does and which services it needs.
- 2
Proposal
OpenPayd sets out the accounts, payment networks and pricing for your case.
- 3
Documents
Send the documentation requested; what is needed depends on the business.
- 4
Onboarding
Timing depends on how quickly the documents arrive.
Documents you need
Not published
FAQ
Your questions, answered.
Is OpenPayd a bank?
No. In the UK, SettleGo Solutions Limited, trading as OpenPayd, is an e-money institution authorised by the FCA, reference 900483. The group is also licensed in Malta. No depositor protection scheme applies.
How much does OpenPayd cost?
All pricing is bespoke and is not published.
How long does it take to open an OpenPayd account?
Opening an account typically takes three to five business days once documents are complete. OpenPayd says the full onboarding of its services depends on how quickly documents are received.
Who is OpenPayd for?
Fintech companies, forex and online brokers, digital-asset businesses, remittance firms, marketplaces, payroll providers and iGaming operators.
What is an OpenPayd virtual IBAN?
A reference linked to your OpenPayd account that identifies incoming payments. It is not a separate bank account.
Does OpenPayd offer cards?
No business cards are published.
Alternatives
How OpenPayd compares.
If OpenPayd is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 OpenPaydThis pageE-money institution |     | Virtual IBANsFintech infrastructure |
 FinXPE-money institution | | Dedicated EUR IBANHigh-risk industries |
 xpateE-money institution |   | Named IBANOnline businesses |
 ConnectPayE-money institution |  | 80+ currenciesOnline businesses |
 NexpayE-money institution | | Dedicated IBANCrypto and gaming |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.