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TeslaPay

Business account

2.7on Trustpilot· 6 reviews

Lithuanian e-money institution with a euro IBAN business account, SEPA and SWIFT payments, invoicing and Mastercard cards, with separate prices for European, international and higher-risk companies.

  • Lithuania
  • EMI
  • Business account
  • Mastercard cards
  • International companies

Regulated by

  • Bank of Lithuania · LithuaniaNo. LB000463
Provider type
E-money institution
IBAN
EUR IBAN
Payment rails
SEPA, SWIFT
Cards
Virtual and physical Mastercard
Safeguarding
Segregated accounts
Non-residents
Not published
Support languages
Not published
Support channels
EmailSupport tickets

Overview

TeslaPay, at a glance.

TeslaPay is an e-money institution headquartered in Lithuania, regulated by Bank of Lithuania. Business accounts cost from €50 a month. Opening an account takes 3–5 days.

Electronic money is held in segregated bank accounts, separate from TeslaPay's own funds, and is not covered by the Lithuanian deposit guarantee.

Why businesses pick TeslaPay

  • Takes international and higher-risk companies, each reviewed individually
  • SEPA payments cost €0.50
  • Mastercard cards from €2 to €10
  • Urgent opening within three working days is available

Watch out for

  • International companies pay €500 to open and higher-risk ones €1,500 to €3,000
  • Costs €50 to €100 a month
  • SWIFT payments cost €30 or more
  • Limited partnerships and LLPs are not accepted
  • Companies and owners from more than 40 countries are refused
  • Its website carries conflicting price lists

Business fit

Will TeslaPay 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 TeslaPay's published rules

Likely fit

TeslaPay lists both United Kingdom companies and Corporate businesses as accepted.

TeslaPay 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
See all my matches

Who it works with

Accepted and not accepted.

What TeslaPay publishes about the businesses it takes on.

Who TeslaPay serves

  • Startups and SMEs
  • Import and export
  • E-commerce
All 5 industries on TeslaPay's accepted list
  • Corporate businesses
  • Companies needing IBAN accounts
  • Cross-border businesses
  • Businesses needing invoicing
  • Businesses needing payment/expense cards

Not supported

Industries and countries TeslaPay does not accept, from its own published lists.

Industries

  • Adult industry: dating and escort services, pornography
  • Binary options services
  • Casinos and auction houses
  • Charity incorporation type
  • Retail banking
  • Private banking / wealth management
  • Commercial banking
  • Transactional banking
  • Investment banking
  • Financial markets trading
  • Securities services / custody
  • Broker/dealer
  • Debt collection
  • Cashback services
  • Multilateral development bank
  • Offshore banks
  • Foreign exchange (FX/Forex) services
  • LP and LLP incorporation type
  • Non-profit
  • Precious metals or stones
  • Shell and shelf companies
  • Shipping industry
  • Vehicle sellers
  • Weapons, chemicals, and related products

Countries

  • Afghanistan · owners
  • Albania · owners
  • American Samoa · owners
  • Anguilla · owners
  • Bahamas · owners
  • Barbados · owners
  • Belarus · owners
  • Burundi · owners
  • Cambodia · owners
  • Cayman Islands · owners
  • Central African Republic · owners
  • Congo - Kinshasa · owners
  • Fiji · owners
  • Gibraltar · owners
  • Guam · owners
  • Guinea · owners
  • Guinea-Bissau · owners
  • Haiti · owners
  • Iran · owners
  • Iraq · owners
  • Jamaica · owners
  • Jordan · owners
  • Libya · owners
  • Mali · owners
  • Morocco · owners
  • Mozambique · owners
  • Myanmar (Burma) · owners
  • Nauru · owners
  • Nicaragua · owners
  • North Korea · owners
  • Pakistan · owners
  • Palau · owners
  • Panama · owners
  • Philippines · owners
  • Russia · owners
  • Samoa · owners
  • Senegal · owners
  • Seychelles · owners
  • Somalia · owners
  • South Sudan · owners
  • Sudan · owners
  • Syria · owners
  • Tanzania · owners
  • Trinidad & Tobago · owners
  • Turks & Caicos Islands · owners
  • Uganda · owners
  • United Arab Emirates · owners
  • Vanuatu · owners
  • Venezuela · owners
  • Yemen · owners
  • Zimbabwe · owners
  • Afghanistan · company or owners
  • Albania · company or owners
  • American Samoa · company or owners
  • Anguilla · company or owners
  • Bahamas · company or owners
  • Barbados · company or owners
  • Belarus · company or owners
  • Burundi · company or owners
  • Cambodia · company or owners
  • Cayman Islands · company or owners
  • Central African Republic · company or owners
  • Congo - Kinshasa · company or owners
  • Fiji · company or owners
  • Gibraltar · company or owners
  • Guam · company or owners
  • Guinea · company or owners
  • Guinea-Bissau · company or owners
  • Haiti · company or owners
  • Iran · company or owners
  • Iraq · company or owners
  • Jamaica · company or owners
  • Jordan · company or owners
  • Libya · company or owners
  • Mali · company or owners
  • Morocco · company or owners
  • Mozambique · company or owners
  • Myanmar (Burma) · company or owners
  • Nauru · company or owners
  • Nicaragua · company or owners
  • North Korea · company or owners
  • Pakistan · company or owners
  • Palau · company or owners
  • Panama · company or owners
  • Philippines · company or owners
  • Russia · company or owners
  • Samoa · company or owners
  • Senegal · company or owners
  • Seychelles · company or owners
  • Somalia · company or owners
  • South Sudan · company or owners
  • Sudan · company or owners
  • Syria · company or owners
  • Tanzania · company or owners
  • Trinidad & Tobago · company or owners
  • Turks & Caicos Islands · company or owners
  • Uganda · company or owners
  • United Arab Emirates · company or owners
  • Vanuatu · company or owners
  • Venezuela · company or owners
  • Yemen · company or owners
  • Zimbabwe · company or owners

Coverage

Where can you use TeslaPay?

Coverage is a starting point. It does not confirm that every business in these markets is eligible.

Supported currencies

EUR account

Pay out · 6 currencies
  • EUR
  • USD
  • GBP
  • CHF
  • PLN
  • RUB

Payment reach

Not published

Who can apply

Company incorporation countries199 countries · show list
  • Åland Islands
  • Algeria
  • Andorra
  • Angola
  • Antarctica
  • Antigua & Barbuda
  • Argentina
  • Armenia
  • Aruba
  • Australia
  • Austria
  • Azerbaijan
  • Bahrain
  • Bangladesh
  • Belgium
  • Belize
  • Benin
  • Bermuda
  • Bhutan
  • Bolivia
  • Bosnia & Herzegovina
  • Botswana
  • Bouvet Island
  • Brazil
  • British Indian Ocean Territory
  • British Virgin Islands
  • Brunei
  • Bulgaria
  • Burkina Faso
  • Cameroon
  • Canada
  • Cape Verde
  • Caribbean Netherlands
  • Chad
  • Chile
  • China
  • Christmas Island
  • Cocos (Keeling) Islands
  • Colombia
  • Comoros
  • Congo - Brazzaville
  • Cook Islands
  • Costa Rica
  • Côte d’Ivoire
  • Croatia
  • Cuba
  • Curaçao
  • Cyprus
  • Czechia
  • Denmark
  • Djibouti
  • Dominica
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Equatorial Guinea
  • Eritrea
  • Estonia
  • Eswatini
  • Ethiopia
  • Falkland Islands
  • Faroe Islands
  • Finland
  • France
  • French Guiana
  • French Polynesia
  • French Southern Territories
  • Gabon
  • Gambia
  • Georgia
  • Germany
  • Ghana
  • Greece
  • Greenland
  • Grenada
  • Guadeloupe
  • Guatemala
  • Guernsey
  • Guyana
  • Heard & McDonald Islands
  • Honduras
  • Hong Kong SAR China
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Ireland
  • Isle of Man
  • Israel
  • Italy
  • Japan
  • Jersey
  • Kazakhstan
  • Kenya
  • Kiribati
  • Kosovo
  • Kuwait
  • Kyrgyzstan
  • Laos
  • Latvia
  • Lebanon
  • Lesotho
  • Liberia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macao SAR China
  • Madagascar
  • Malawi
  • Malaysia
  • Maldives
  • Malta
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mauritius
  • Mayotte
  • Mexico
  • Micronesia
  • Moldova
  • Monaco
  • Mongolia
  • Montenegro
  • Montserrat
  • Namibia
  • Nepal
  • Netherlands
  • New Caledonia
  • New Zealand
  • Niger
  • Nigeria
  • Niue
  • Norfolk Island
  • North Macedonia
  • Northern Mariana Islands
  • Norway
  • Oman
  • Palestinian Territories
  • Papua New Guinea
  • Paraguay
  • Peru
  • Pitcairn Islands
  • Poland
  • Portugal
  • Puerto Rico
  • Qatar
  • Réunion
  • Romania
  • Rwanda
  • San Marino
  • São Tomé & Príncipe
  • Saudi Arabia
  • Serbia
  • Sierra Leone
  • Singapore
  • Sint Maarten
  • Slovakia
  • Slovenia
  • Solomon Islands
  • South Africa
  • 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
  • Tajikistan
  • Thailand
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Tunisia
  • Türkiye
  • Turkmenistan
  • Tuvalu
  • U.S. Outlying Islands
  • U.S. Virgin Islands
  • Ukraine
  • United Kingdom
  • United States
  • Uruguay
  • Uzbekistan
  • Vatican City
  • Vietnam
  • Wallis & Futuna
  • Western Sahara
  • Zambia
Owner nationality and residency199 countries · show list
  • Åland Islands
  • Algeria
  • Andorra
  • Angola
  • Antarctica
  • Antigua & Barbuda
  • Argentina
  • Armenia
  • Aruba
  • Australia
  • Austria
  • Azerbaijan
  • Bahrain
  • Bangladesh
  • Belgium
  • Belize
  • Benin
  • Bermuda
  • Bhutan
  • Bolivia
  • Bosnia & Herzegovina
  • Botswana
  • Bouvet Island
  • Brazil
  • British Indian Ocean Territory
  • British Virgin Islands
  • Brunei
  • Bulgaria
  • Burkina Faso
  • Cameroon
  • Canada
  • Cape Verde
  • Caribbean Netherlands
  • Chad
  • Chile
  • China
  • Christmas Island
  • Cocos (Keeling) Islands
  • Colombia
  • Comoros
  • Congo - Brazzaville
  • Cook Islands
  • Costa Rica
  • Côte d’Ivoire
  • Croatia
  • Cuba
  • Curaçao
  • Cyprus
  • Czechia
  • Denmark
  • Djibouti
  • Dominica
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Equatorial Guinea
  • Eritrea
  • Estonia
  • Eswatini
  • Ethiopia
  • Falkland Islands
  • Faroe Islands
  • Finland
  • France
  • French Guiana
  • French Polynesia
  • French Southern Territories
  • Gabon
  • Gambia
  • Georgia
  • Germany
  • Ghana
  • Greece
  • Greenland
  • Grenada
  • Guadeloupe
  • Guatemala
  • Guernsey
  • Guyana
  • Heard & McDonald Islands
  • Honduras
  • Hong Kong SAR China
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Ireland
  • Isle of Man
  • Israel
  • Italy
  • Japan
  • Jersey
  • Kazakhstan
  • Kenya
  • Kiribati
  • Kosovo
  • Kuwait
  • Kyrgyzstan
  • Laos
  • Latvia
  • Lebanon
  • Lesotho
  • Liberia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macao SAR China
  • Madagascar
  • Malawi
  • Malaysia
  • Maldives
  • Malta
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mauritius
  • Mayotte
  • Mexico
  • Micronesia
  • Moldova
  • Monaco
  • Mongolia
  • Montenegro
  • Montserrat
  • Namibia
  • Nepal
  • Netherlands
  • New Caledonia
  • New Zealand
  • Niger
  • Nigeria
  • Niue
  • Norfolk Island
  • North Macedonia
  • Northern Mariana Islands
  • Norway
  • Oman
  • Palestinian Territories
  • Papua New Guinea
  • Paraguay
  • Peru
  • Pitcairn Islands
  • Poland
  • Portugal
  • Puerto Rico
  • Qatar
  • Réunion
  • Romania
  • Rwanda
  • San Marino
  • São Tomé & Príncipe
  • Saudi Arabia
  • Serbia
  • Sierra Leone
  • Singapore
  • Sint Maarten
  • Slovakia
  • Slovenia
  • Solomon Islands
  • South Africa
  • 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
  • Tajikistan
  • Thailand
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Tunisia
  • Türkiye
  • Turkmenistan
  • Tuvalu
  • U.S. Outlying Islands
  • U.S. Virgin Islands
  • Ukraine
  • United Kingdom
  • United States
  • Uruguay
  • Uzbekistan
  • Vatican City
  • Vietnam
  • Wallis & Futuna
  • Western Sahara
  • Zambia

Company types

Not published

Pricing

What does TeslaPay 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

From €150

Monthly fee

€50

  • Business account

    €50 per month

    €150 setup · €750 in year one

Transaction fees

Transaction fees
CostListed amountHow it is charged
Outgoing
SEPA€0.5Fixed fee
SWIFT / internationalFrom €30Fixed fee

Other fees

Cards

Cards
CostListed amountHow it is charged
Virtual card issue€2Fixed fee
Physical card issue€10Fixed fee
Monthly card fee€2Fixed fee
Card FX2.5%Percentage of the amount
ATM withdrawal1.5%, min €3Percentage, with a minimum charge

Onboarding

From application to live account.

Opening an account typically takes three to five business days.

  1. 1

    Apply

    Start the application online or through the sales team.

  2. 2

    Company and people

    Give the company's registration details, directors and owners.

  3. 3

    Checks

    Upload the documents requested and complete identity verification.

  4. 4

    Account live

    Once approved, the account is opened and you receive its details.

Documents you need

Not published

FAQ

Your questions, answered.

Is TeslaPay a bank?

No. UAB TeslaPay is an e-money institution licensed by the Bank of Lithuania, register code LB000463. Funds are safeguarded, not covered by the deposit guarantee.

How much does a TeslaPay business account cost?

Opening costs €150 for European companies, €500 for international ones and €1,500 to €3,000 for higher-risk businesses. The account costs €50 a month, or €100 when more than €100,000 a month comes in.

Which companies does TeslaPay not accept?

Limited partnerships and LLPs, charities, banks and brokers, casinos, binary options, adult services and debt collection, among others, and companies from the countries on its refused list.

Does TeslaPay offer cards?

Yes. Mastercard cards: €10 for a physical card, €2 for a virtual one and €2 a month.

Alternatives

How TeslaPay compares.

If TeslaPay is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.

TeslaPay and similar providers
ProviderLicensed inKnown for
TeslaPayThis pageE-money institutionMastercard cardsInternational companies
Guru PayE-money institutionDedicated EUR IBANHigh-risk industries
WallterE-money institutionHigh-risk industriesCrypto-friendly
ConnectPayE-money institution80+ currenciesOnline businesses
VerifoE-money institutionNamed IBANSole traders

Not sure which one fits? Your profile ranks them for your business, with the reason behind each.

See my matches Browse all providers

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Already decided on TeslaPay? Open a TeslaPay account

  1. 1

    Describe your business once

    Country, industry, owners and what you need. One profile, saved, instead of a new form for every provider.

  2. 2

    See who fits, and why

    Your matches, each with the reason behind it, so you know who would turn you down before you apply.

  3. 3

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    Send it to the providers you choose, without starting from scratch each time.