Overview
Sepaga, at a glance.
Sepaga is an e-money institution headquartered in Cyprus, regulated by Central Bank of Cyprus. Pricing is agreed with each client. Opening an account takes up to 7 days.
Why businesses pick Sepaga
- IBAN in your company's name, linked directly to the account
- Account opening guaranteed within seven business days, or the next day on fast track
- Mass payments for payroll, suppliers and contractors
- Works with platforms, marketplaces, escrow and payment companies
- Support in English and Greek
Watch out for
- Prices are set for each client and not published
- Pays out in EUR, USD and GBP only
- SEPA Instant is not yet available
- Companies with no real activity are refused under its shell-company policy
- Only six Trustpilot reviews
Business fit
Will Sepaga 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 Sepaga's published rules
Needs review
Sepaga works with B2B platforms, but does not publish the countries it accepts companies from.
Sepaga 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 Sepaga publishes about the businesses it takes on.
Who Sepaga serves
- Marketplaces
- Professional services
- Financial institutions
- Startups and SMEs
All 9 industries on Sepaga's accepted list
- B2B platforms
- B2C/C2B/C2C platforms
- Marketplaces and escrow
- Real estate
- Legal transactions
- Freelancing platforms
- Payroll/vendor/contractor payouts
- Startups and multinationals
- Payment service providers
Not supported
Industries and countries Sepaga does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Sepaga?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
6 currencies
Hold and receive · 6 currencies
- EUR
- USD
- GBP
- CHF
- CAD
- CZK
Pay out · 3 currencies
- EUR
- USD
- GBP
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Not publishedPricing
What does Sepaga 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
Client price list
Custom
Transaction fees
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Onboarding
From application to live account.
- 1
Enquiry
Contact Sepaga with your company and what it needs.
- 2
Onboarding
Complete the risk-based onboarding and provide the documents requested.
- 3
Price list
You receive the price list for your account.
- 4
Account live
Opening is guaranteed within seven business days of completing the procedure, or the next business day on fast track.
Documents you need
Not published
FAQ
Your questions, answered.
Is Sepaga a bank?
No. SEPAGA E.M.I. LIMITED is an e-money institution licensed by the Central Bank of Cyprus, licence 115.1.3.18/2018.
How much does a Sepaga account cost?
Prices are set out in a price list for each client and are not published.
How long does it take to open a Sepaga account?
Sepaga guarantees opening within seven business days of completing its procedure, and offers a fast track for the next business day.
Is the Sepaga IBAN in my company's name?
Yes. Each company receives a unique IBAN under its own legal name.
Which currencies does Sepaga support?
The account holds EUR, USD, GBP, CHF, CZK and CAD, and pays out in EUR, USD and GBP.
Alternatives
How Sepaga compares.
If Sepaga is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 SepagaThis pageE-money institution |  | Named IBANMass payments |
 ECOMMBXE-money institution | | Named IBANInternational companies |
 payabl.E-money institution |  | 30 currenciesMastercard cards |
 ConnectPayE-money institution |  | 80+ currenciesOnline businesses |
 WittixE-money institution | | Local IBANsBulk payments |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.