Overview
Payswix, at a glance.
Payswix is an e-money institution headquartered in Lithuania, regulated by Bank of Lithuania. Business accounts cost from €3 a month. Opening an account takes 3–5 days.
Funds are electronic money, kept in a segregated bank account under Lithuanian rules.
Why businesses pick Payswix
- Named IBAN for receiving and sending payments
- Plans from €3 a month
- SEPA, SEPA Instant and SWIFT
- Support by phone and email, in English and Lithuanian
Watch out for
- Companies from 74 listed jurisdictions are not accepted
- SWIFT payments cost from €25
- Currency exchange costs 1% on major currencies and 3% on others
- No cards on the business account
Business fit
Will Payswix 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 Payswix's published rules
Likely fit
Payswix lists both United Kingdom companies and E-commerce as accepted.
Payswix 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 Payswix publishes about the businesses it takes on.
Who Payswix serves
- E-commerce
- Import and export
- Travel
- IT and software
Not supported
Industries and countries Payswix does not accept, from its own published lists.
Industries
- Unlicensed businesses where a licence is required by law
- NFT businesses
- Unregulated or unregistered charities/non-profits/NGOs incorporated outside the EU
- Oil and gas extraction/distribution
- Hazardous goods
- Replicas
- Adult services including pornography, nudity/webcam streaming and escort
- Alcohol and tobacco trade including online sales
- Weapons, firearms and ammunition
- Drug sales including marijuana or other illegal substances
- Religious organizations and NPOs
- Extractive industries including precious stones and minerals
- Art and antiques
Countries
- Afghanistan · company
- American Samoa · company
- Anguilla · company
- Angola · company
- Algeria · company
- Azerbaijan · company
- Bangladesh · company
- Barbados · company
- Belarus · company
- Burkina Faso · company
- Burundi · company
- Cambodia · company
- Cameroon · company
- Central African Republic · company
- Chad · company
- Comoros · company
- Congo - Brazzaville · company
- Côte d’Ivoire · company
- Croatia · company
- Congo - Kinshasa · company
- North Korea · company
- Equatorial Guinea · company
- Eritrea · company
- Fiji · company
- Guam · company
- Guatemala · company
- Guinea-Bissau · company
- Haiti · company
- Honduras · company
- Iran · company
- Iraq · company
- Jamaica · company
- Kazakhstan · company
- Kenya · company
- Kyrgyzstan · company
- Lebanon · company
- Liberia · company
- Libya · company
- Laos · company
- Madagascar · company
- Mali · company
- Monaco · company
- Mozambique · company
- Myanmar (Burma) · company
- Namibia · company
- Nicaragua · company
- Nigeria · company
- Nepal · company
- Palau · company
- Panama · company
- Philippines · company
- Palestinian Territories · company
- Paraguay · company
- Pakistan · company
- Russia · company
- Samoa · company
- Senegal · company
- Somalia · company
- South Africa · company
- South Sudan · company
- Sudan · company
- Syria · company
- Tajikistan · company
- Tanzania · company
- Trinidad & Tobago · company
- Turkmenistan · company
- Uganda · company
- U.S. Virgin Islands · company
- Vanuatu · company
- Venezuela · company
- Vietnam · company
- Yemen · company
- Zimbabwe · company
Coverage
Where can you use Payswix?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
27 currencies
Receive by SWIFT · 6 currencies
- EUR
- USD
- GBP
- AUD
- HKD
- SGD
Send by SWIFT · 27 currencies
- EUR
- GBP
- USD
- CHF
- AUD
- SGD
- CAD
- BGN
- NOK
- DKK
- HUF
- CNY
- NZD
- CZK
- ISK
- JPY
- MPF
- CFP
- RON
- SEK
- THB
- TND
- INR
- HKD
- PLN
- BRL
- MXN
Payment reach
Not published
Who can apply
Company incorporation countries177 countries · show list
- Åland Islands
- Albania
- Andorra
- Antarctica
- Antigua & Barbuda
- Argentina
- Armenia
- Aruba
- Australia
- Austria
- Bahamas
- Bahrain
- Belgium
- Belize
- Benin
- Bermuda
- Bhutan
- Bolivia
- Bosnia & Herzegovina
- Botswana
- Bouvet Island
- Brazil
- British Indian Ocean Territory
- British Virgin Islands
- Brunei
- Bulgaria
- Canada
- Cape Verde
- Caribbean Netherlands
- Cayman Islands
- Chile
- China
- Christmas Island
- Cocos (Keeling) Islands
- Colombia
- Cook Islands
- Costa Rica
- Cuba
- Curaçao
- Cyprus
- Czechia
- Denmark
- Djibouti
- Dominica
- Dominican Republic
- Ecuador
- Egypt
- El Salvador
- Estonia
- Eswatini
- Ethiopia
- Falkland Islands
- Faroe Islands
- Finland
- France
- French Guiana
- French Polynesia
- French Southern Territories
- Gabon
- Gambia
- Georgia
- Germany
- Ghana
- Gibraltar
- Greece
- Greenland
- Grenada
- Guadeloupe
- Guernsey
- Guinea
- Guyana
- Heard & McDonald Islands
- Hong Kong SAR China
- Hungary
- Iceland
- India
- Indonesia
- Ireland
- Isle of Man
- Israel
- Italy
- Japan
- Jersey
- Jordan
- Kiribati
- Kosovo
- Kuwait
- Latvia
- Lesotho
- Liechtenstein
- Lithuania
- Luxembourg
- Macao SAR China
- Malawi
- Malaysia
- Maldives
- Malta
- Marshall Islands
- Martinique
- Mauritania
- Mauritius
- Mayotte
- Mexico
- Micronesia
- Moldova
- Mongolia
- Montenegro
- Montserrat
- Morocco
- Nauru
- Netherlands
- New Caledonia
- New Zealand
- Niger
- Niue
- Norfolk Island
- North Macedonia
- Northern Mariana Islands
- Norway
- Oman
- Papua New Guinea
- Peru
- Pitcairn Islands
- Poland
- Portugal
- Puerto Rico
- Qatar
- Réunion
- Romania
- Rwanda
- San Marino
- São Tomé & Príncipe
- Saudi Arabia
- Serbia
- Seychelles
- Sierra Leone
- Singapore
- Sint Maarten
- Slovakia
- Slovenia
- Solomon Islands
- 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
- Thailand
- Timor-Leste
- Togo
- Tokelau
- Tonga
- Tunisia
- Türkiye
- Turks & Caicos Islands
- Tuvalu
- U.S. Outlying Islands
- Ukraine
- United Arab Emirates
- United Kingdom
- United States
- Uruguay
- Uzbekistan
- Vatican City
- Wallis & Futuna
- Western Sahara
- Zambia
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Not publishedPricing
What does Payswix 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
€399
Monthly fee
€3–99
depends on plan
Business
€9 per month
Setup fee not published
Business Plus
€59 per month
€399 setup · €1,107 in year one
Business Exclusive
€99 per month
Setup fee not published
EU/EEA
Lowest cost€3 per month
Setup fee not published
Transaction fees
| Cost | Business | Business Plus | Business Exclusive | EU/EEA | How it is charged |
|---|---|---|---|---|---|
| Incoming | |||||
| SEPA | From €1 | 0.1% + €3 | 0.2% + €3 | From €0 | Fixed fee |
| SWIFT / international | €25 | 0.2% + €25 | 1% + €30 | Not published | Fixed fee |
| Outgoing | |||||
| SEPA | From €1 | 0.1% + €3 | 0.2% + €3 | From €0 | Fixed fee |
| SWIFT / international | €25 | 0.2% + €25 | 1% + €30 | Not published | Fixed fee |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | 1–3% | Percentage of the amount; varies by plan · 1% on major currencies, 3% on others (Business Plus) |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Choose a plan
Pick the business account type.
- 2
Online form
Complete the registration and onboarding form.
- 3
Documents
Company, representative and owner documents.
- 4
Account live
You receive the named IBAN and activate the account.
Documents you need
- Company and registration details
- Representative/director/UBO identity documents
- Ownership and business-activity information
Sometimes requested
- Notarised/apostilled/legalised originals or copies where requested
- Translations into English or Lithuanian where requested
- Source-of-funds or payment-purpose evidence when requested
FAQ
Your questions, answered.
Is Payswix a bank?
No. Payswix UAB is an e-money institution licensed by the Bank of Lithuania, authorisation code LB000434. Funds are electronic money held in a segregated account.
How much does a Payswix business account cost?
The EU/EEA plan costs €3 a month, Business €9, Business Plus €59 and Business Exclusive €99. Business Plus costs €399 to open. SEPA payments cost from €1 on Business, and SWIFT payments from €25.
Which countries does Payswix accept companies from?
Payswix accepts companies registered anywhere except the 74 jurisdictions on its prohibited list, which includes Russia, Belarus, Iran, Nigeria, Pakistan, Panama, the Philippines, South Africa and Vietnam.
Which businesses does Payswix not accept?
Its prohibited list includes NFT businesses, oil and gas, adult services, alcohol and tobacco, weapons, drugs, religious organisations, precious stones and minerals, and art and antiques.
Which payment networks does Payswix use?
SEPA, SEPA Instant and SWIFT.
Alternatives
How Payswix compares.
If Payswix is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 PayswixThis pageE-money institution |  | Named IBANSEPA and SWIFT |
 GenomeE-money institution | | Published pricesVisa cards |
 SatchelE-money institution | | European IBANMastercard cards |
| ZEN.COME-money institution | | 28 currenciesFree plan |
 VialetE-money institution | | Dedicated IBANDigital businesses |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.