# Payhound: Business crypto payment account

> Crypto and stablecoin payments for businesses from Payhound, a Maltese company licensed by the MFSA under MiCA and as a financial institution. Accept crypto from customers or players and have it converted on arrival to euros, pounds or dollars, send payouts in crypto or fiat, and trade large volumes with its desk. Built first for iGaming. €400 to open and €100 every three months.

Finzil profile: https://finzil.com/providers/payhound · Provider website: https://payhound.com · Facts checked: 2026-10-23

## Key facts

- **Monthly fee:** €33.33 (€100 monitoring fee every 3 months)
- **Setup fee:** €400
- **Currencies:** 3 (EUR, GBP and USD; plus crypto and stablecoins)
- **Onboarding:** 3–5 days (typical)
- **Provider type:** Crypto payments provider
- **Payment rails:** Crypto networks; fiat deposits and withdrawals
- **Safeguarding:** Segregated client funds
- **Remote opening:** Yes
- **Headquarters:** Malta

## Who can apply

- **Non-resident owners** (owner or director living outside the company's country): Not published
- **Countries of incorporation accepted:** Not published
- **Countries of incorporation refused:** Not published
- **Owner residency accepted:** Not published
- **Owner residency refused:** Not published
- **Owner nationality refused:** Not published
- **Company types accepted:** Not published

## Industries

- **Industries served:** iGaming, Affiliate marketing, Forex, E-commerce, Financial institutions, Travel, Crypto
- **Prohibited industries (provider's own list):** Not published
- **Permitted industries (provider's own list):** iGaming; Fintech; E-commerce; Service providers; Affiliate marketing; Forex; Payment service providers; Luxury services; Travel; Real estate; Investment firms

## Licences

- Malta: Malta Financial Services Authority, Crypto-asset service provider (MiCA) and financial institution (e-money and payment services), PAYHOUND LIMITED, register no. MLIM17 (https://www.mfsa.mt/financial-services-register/)

Safeguarding: Payhound is not a bank. It is authorised by the Malta Financial Services Authority as a crypto-asset service provider under MiCA and as a financial institution for e-money and payment services, and says client funds are segregated. No IBAN or account details of its own are published: crypto received is converted to euros, pounds or dollars in your Payhound account. E-money and crypto are not covered by deposit insurance.

## Fees

Source: https://payhound.com/fees-and-pricing-policy (checked 2026-10-23)

### Plans

- **Business account:** 33.33 EUR a month, setup 400 EUR

### Crypto

- Off-ramp (crypto to fiat): Not published · Set case by case in the fee schedule shared at onboarding

## Opening an account

Opening an account typically takes three to five business days.

1. **Register.** Sign up on the Payhound platform or contact the sales team.
2. **Company and people.** Give the company's details and the basic information asked for.
3. **Verification.** Upload proof of identity, proof of address and the company's documents.
4. **Account live.** Once approved, the client portal and API open for crypto and fiat payments.

Documents: Proof of identity; Proof of address; Business documents

## Pros and cons

- Pro: Crypto and stablecoin deposits converted on arrival to EUR, GBP or USD, so you carry no price risk
- Pro: Licensed in Malta under MiCA and as a financial institution for e-money and payment services
- Pro: Built for iGaming: player deposits in crypto, payouts and winnings in the player's coin
- Pro: Mass payouts in crypto or fiat by CSV upload or API
- Pro: Account fees published: €400 to open, €100 every 3 months, nothing to close
- Con: No IBAN or account details of its own published: you still need a bank account
- Con: Transaction and conversion fees are set case by case in a schedule shared at onboarding
- Con: Prohibited countries and industries are kept in lists it does not publish
- Con: €100 a month if the account is dormant for more than 9 months
- Con: USDT is not available to clients in the EU or EEA

## Finzil's take (opinion)

Payhound suits an iGaming operator, affiliate or PSP that wants to take crypto from players or clients and see euros, pounds or dollars in the account, with a Maltese MiCA licence behind it. It is not a bank account: you still need one for the fiat, and the fees that matter are agreed at onboarding.

## Alternatives

- [Inxy](https://finzil.com/providers/inxy): Crypto payments · Cyprus
- [BVNK](https://finzil.com/providers/bvnk): E-money institution · UK
- [Keytom](https://finzil.com/providers/keytom): Money services business · Canada
- [Kea](https://finzil.com/providers/kea): Payment service provider · Canada

## FAQ

**Is Payhound a bank?**

No. Payhound Limited is authorised by the Malta Financial Services Authority as a crypto-asset service provider under MiCA (since 24 November 2025) and as a financial institution for e-money and payment services (since 2 March 2026), authorised person ID MLIM17.

**What does Payhound cost?**

€400 to open the account and a monitoring fee of €100 every 3 months; €100 a month once an account has been dormant for more than 9 months, and nothing to close it. Transaction and conversion fees are set case by case and shared at onboarding.

**Does Payhound give me an IBAN?**

No account details of its own are published. Crypto your customers pay is converted to euros, pounds or dollars in your Payhound account, from which you withdraw or pay out.

**Does Payhound work with iGaming operators?**

Yes. iGaming is the first industry it names: operators take player deposits in crypto, converted to fiat on arrival, and pay out winnings in the player's coin. Its terms refuse only illegal gambling.

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