Overview
Paywiser, at a glance.
Paywiser is a suspended e-money institution headquartered in the United Kingdom, regulated by FCA, Bank of Slovenia. Business accounts cost €150 a month. Opening an account takes 3–5 days.
Paywiser's terms say client funds are held in segregated safeguarding accounts at partner banks, and that FSCS protection does not apply. Its suspension notice does not say what happens to customer funds.
Why businesses pick Paywiser
- One multi-currency IBAN covering GBP, EUR, USD and 20 other currencies
- SEPA payments from €0.50 and SEPA Instant from €1, as last published
- Mastercard and UnionPay business cards
Watch out for
- UK e-money and payment services are suspended on the FCA's instruction, with immediate effect and until further notice
- Its Slovenian e-money company was renamed DINARO on 8 June 2026
- The suspension notice does not say what happens to customer funds
- Do not apply or send money until Paywiser confirms which company would hold your account and under which licence
- Costs at least €150 a month, with €200 to open
Business fit
Will Paywiser 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 Paywiser's published rules
Needs review
Paywiser works with Startups and SMEs, but does not publish the countries it accepts companies from.
Paywiser 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 Paywiser publishes about the businesses it takes on.
Who Paywiser serves
- Startups and SMEs
Not supported
Industries and countries Paywiser does not accept, from its own published lists.
Industries
- Unofficial charities
- Cryptocurrency mining
- Political organizations
- Pornography
- Prescription drugs
- Religious organizations
- Replicas
- Arms trade and defense
- MLM (recruitment of new members)
- Unlawful transactions
- Sanctioned countries/persons
- Fraudulent activity, money laundering or terrorist financing
- Peer-to-peer/personal transactions through acquiring
- Activities prohibited by card-scheme standards
Countries
- Not published
Coverage
Where can you use Paywiser?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
20+ currencies
GBP, EUR, USD and more than 20 others.
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Not publishedPricing
What does Paywiser 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
€200
Monthly fee
€150
Business account
€150 per month
€200 setup · €2,000 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SWIFT / international | €25 | Fixed fee |
| Outgoing | ||
| SEPA | €0.5 | Fixed fee |
| SEPA Instant | €1 | Fixed fee |
| Faster Payments (GBP) | €1.5 | Fixed fee |
| CHAPS (GBP) | €10 | Fixed fee |
| SWIFT / international | €25 | Fixed fee |
Other fees
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Check the status first
Paywiser's UK services are suspended. Read its suspension notice before anything else.
- 2
Ask which company
Ask Paywiser in writing which company would open the account and under which licence.
- 3
Application
When services were running, applications were made online with company and identity documents.
- 4
Consider an alternative
Compare the alternatives listed below, which are operating normally.
Documents you need
- Identity document and selfie/liveness check
- Company registration details
- Registered office/contact information
- Business/activity description
- Expected turnover and transaction currencies
- Possible financial accounts, invoices/contracts, certified or translated documents
FAQ
Your questions, answered.
Is Paywiser still operating?
In the UK, no. Paywiser Limited's services, including issuing e-money and providing payment services, are suspended on the instruction of the Financial Conduct Authority, with immediate effect and until further notice. Its Slovenian e-money company was renamed DINARO on 8 June 2026.
Has Paywiser lost its licence?
Paywiser's notice says its UK activities are suspended unless and until the FCA varies or cancels the instruction. It does not say the licence has been cancelled.
What happens to money held with Paywiser?
Paywiser's suspension notice does not say. Its terms state that client funds are held in segregated safeguarding accounts at partner banks. Customers should contact Paywiser and, if needed, the FCA.
Can I open a Paywiser business account now?
Not in the UK while the suspension lasts. Before applying anywhere, ask Paywiser which company would hold the account and under which licence.
What did a Paywiser business account cost?
As last published: €200 to open, a minimum of €150 a month, SEPA payments from €0.50 and SWIFT payments €25.
Alternatives
How Paywiser compares.
If Paywiser is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 PaywiserThis pageSuspended e-money institution |   | UK services suspendedMulti-currency IBAN |
 PayseraE-money institution |   | Low fees16 support languages |
 Wise BusinessE-money institution |  | Low FX costsStandard businesses |
 ConnectPayE-money institution | | 80+ currenciesOnline businesses |
 GenomeE-money institution | | Published pricesVisa cards |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.