Overview
Paynovate, at a glance.
Paynovate is an e-money institution headquartered in Belgium, regulated by National Bank of Belgium. Pricing is agreed with each client. Opening an account takes 3–5 days.
Client funds are safeguarded separately from the company's own money under Belgian e-money rules. No deposit guarantee applies.
Why businesses pick Paynovate
- A dedicated Belgian euro IBAN
- Several IBANs for one group, by entity, project or property
- SEPA Instant and direct debits
- Considers companies from outside Belgium and complex sectors case by case
- A dedicated account team
Watch out for
- Euro only, with no SWIFT payments
- Prices are not published; setup fees and a minimum commitment may apply
- No phone or chat support is published
- Accepted countries and refused industries are not published
- Trustpilot score of 2.7 from 25 reviews
Business fit
Will Paynovate 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 Paynovate's published rules
Needs review
Paynovate works with B2B businesses, but does not publish the countries it accepts companies from.
Paynovate 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 Paynovate publishes about the businesses it takes on.
Who Paynovate serves
- E-commerce
- Financial institutions
- Startups and SMEs
All 5 industries on Paynovate's accepted list
- B2B businesses
- E-commerce and online businesses
- Groups/projects/properties needing dedicated IBANs
- High-friction or complex sectors subject to review
- Resellers and payment partners
Not supported
Industries and countries Paynovate does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Paynovate?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
EUR
- EUR
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Not publishedPricing
What does Paynovate 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
IBAN account
Custom
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Outgoing | ||
| SWIFT / international | Not offered | Not available |
Other fees
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Enquiry
Contact Paynovate with your company and how you would use the account.
- 2
Application
Submit the corporate registration documents and details of directors and owners.
- 3
Compliance review
Paynovate assesses the company, its jurisdiction and its sector.
- 4
Account live
Most clients are live within days, depending on structure and documents.
Documents you need
- Company registration/KBO extract or equivalent
- Articles/constitutional documents
- UBO and shareholder registers
- Director/representative evidence
- Organisation chart
- Financial statements/business model/expected flows
- Licences/permits
FAQ
Your questions, answered.
Is Paynovate a bank?
No. Paynovate SA is an e-money institution authorised by the National Bank of Belgium. Client funds are safeguarded, and no deposit guarantee applies.
How much does a Paynovate account cost?
Prices are not published. Setup fees and a minimum commitment may apply.
Does Paynovate support SWIFT payments?
No. The account is euro only and works on SEPA and SEPA Instant; SWIFT is not available.
Can a company outside Belgium open a Paynovate account?
Companies from outside Belgium may be accepted case by case, and directors or owners living abroad may be possible subject to its compliance review.
What is the Paynovate IBAN?
A dedicated Belgian euro IBAN. A company can have several, for separate entities, projects or properties.
Alternatives
How Paynovate compares.
If Paynovate is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 PaynovateThis pageE-money institution |  | Dedicated EUR IBANSEPA only |
 NarviE-money institution |  | Dedicated EUR IBANNon-residents accepted |
 FinXPE-money institution |  | Dedicated EUR IBANHigh-risk industries |
 NexpayE-money institution |  | Dedicated IBANCrypto and gaming |
 VerifoE-money institution | | Named IBANSole traders |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.