Overview
PayDo, at a glance.
PayDo is an e-money institution headquartered in the United Kingdom, regulated by FCA, MFSA, FINTRAC. Business accounts cost from €100 a month. Opening an account takes 3–5 days. Non-residents are accepted: owners and directors do not need to live in the country where the company is registered.
Client funds are safeguarded in segregated accounts at European banks. Not covered by FSCS deposit insurance.
Why businesses pick PayDo
- Openly serves iGaming, forex and affiliate businesses
- Accepts non-residents: founders can live in a different country from the company
- Dedicated IBAN with SEPA Instant and Faster Payments
- Cards and payment acceptance on the same account
Watch out for
- At least €1,200 a year before transfer fees
- 1% on every currency conversion
- No deposit insurance; funds are safeguarded instead
- Setup fees reach €1,500 on the Starter plan
Business fit
Will PayDo 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 PayDo's published rules
Likely fit
PayDo works with iGaming and accepts non-residents.
PayDo 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 PayDo publishes about the businesses it takes on.
Who PayDo serves
- iGaming
- Forex
- Affiliate marketing
- E-commerce
- Marketplaces
- IT and software
- Video games
- Creative
Not supported
Industries and countries PayDo does not accept, from its own published lists.
Industries
- Adult
Countries
- United States · company or owners
- Taiwan · company or owners
From a third-party source, not yet confirmed by PayDo.
Coverage
Where can you use PayDo?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
13 currencies
- EUR
- GBP
- USD
- DKK
- CAD
- AUD
- CHF
- PLN
- NOK
- SEK
- CZK
- HUF
- RON
On dedicated IBANs. EUR also by SEPA and SEPA Instant, GBP by Faster Payments; the rest cross-border only.
Payment reach
170+ countries
Payments to and from any of them via SWIFT, SEPA, SEPA Instant and Faster Payments.
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Not publishedPricing
What does PayDo 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
From €0
depends on plan
Application fee
Not published
Monthly fee
€100–200
depends on plan
Premium
Lowest cost€100 per month
€0 setup · €1,200 in year one
Professional
€125 per month
€300 setup · €1,800 in year one
Starter
€200 per month
€1,500 setup · €3,900 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SEPA | 0.1–0.75%, min €3–15 | Percentage, with a minimum charge; varies by plan |
| SEPA Instant | 0.1–0.75%, min €3–15 | Percentage, with a minimum charge; varies by plan |
| Faster Payments (GBP) | 0.1–0.75%, min €2.5–10 | Percentage, with a minimum charge; varies by plan |
| SWIFT / international | 0.3–1% + €15–35 | Percentage plus a fixed fee; varies by plan |
| From another PayDo account | Free | No charge |
| Outgoing | ||
| SEPA | 0.1–0.3%, min €3–5 | Percentage, with a minimum charge; varies by plan |
| SEPA Instant | 0.1–0.3%, min €3–5 | Percentage, with a minimum charge; varies by plan |
| Faster Payments (GBP) | 0.1–0.2%, min €2.5–3 | Percentage, with a minimum charge; varies by plan |
| SWIFT / international | 0.1–0.3% + €15–25 | Percentage plus a fixed fee; varies by plan |
| To another PayDo account | 0.1–0.5% + €1 | Percentage plus a fixed fee; varies by plan |
Ranges span the plans; higher plans pay the lower end.
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | 1% | Percentage of the amount |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Virtual card issue | €1–10 | Fixed fee; varies by plan |
| Physical card issue | €10–20 | Fixed fee; varies by plan |
| Delivery | €10 | Fixed fee |
| Express delivery | €40 | Fixed fee |
Top-up by bank card
| Cost | Listed amount | How it is charged |
|---|---|---|
| EU/EEA cards | Not published | |
| UK cards | Not published | |
| Other countries' cards | Not published |
Finzil yearly estimate
Estimated yearly cost
≈ €5,880 a year
Premium plan: €1,200 in fees plus about €4,680 in transfers and FX. FX at 1% is the biggest single cost.
Assumes each month: 10 incoming SEPA of €3,000, 20 outgoing SEPA of €2,000, 5 SWIFT of €5,000 and €20,000 converted.
Onboarding
From application to live account.
PayDo states 3 to 5 business days from application to a live account.
- 1
Pre-verification form
Company details, activity and expected volumes.
- 2
Sign one contract
A single agreement covers the account and its services.
- 3
Verification
Checks on the company, its directors and owners.
- 4
Account live
Your IBAN is issued and ready to use.
Documents you need
Not published
FAQ
Your questions, answered.
Is PayDo regulated?
Yes. PayDo is authorised by the UK FCA as an e-money institution, licensed in Malta by the MFSA and registered with FINTRAC in Canada.
Can non-residents open a PayDo business account?
Yes. Founders and directors do not need to live in the country where the company is registered.
How much does a PayDo business account cost?
From €100 a month with no setup fee on the Premium plan, up to €200 a month plus a €1,500 setup fee on Starter. Transfer fees and 1% FX come on top.
How long does it take to open a PayDo account?
PayDo states 3 to 5 business days from application to a live account.
Does PayDo accept iGaming and forex companies?
Yes. Both are on PayDo's own list of industries it serves.
Alternatives
How PayDo compares.
If PayDo is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 PayDoThis pageE-money institution |    | Dedicated IBANNon-resident friendly |
 PaysetE-money institution | | Multi-currency IBANGlobal payouts |
 NexpayE-money institution |  | EUR IBANCrypto-friendly |
 Equals MoneyE-money institution | | Multi-currencyCards |
 Wise BusinessE-money institution |  | Low FX costsStandard businesses |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.