Opening a business account in Payswix, UAB

Banks

Solutions

Blog

Contacts

Opening a business account in Payswix, UAB.

About

BankSpace

Payswix, UAB founded in 2017, is an Electronic Money Institution, authorized by the Central Bank of Lithuania (No. 21) for the issuing of Electronic money.

Payswix offers local and international payment services to and from more than 170 countries in 70+ currencies, with the range of services constantly growing.

Payswix supports wide range of business activities from e-commerce, logistics and travel agencies to forex, money transfer services, PSP, casino games etc.

Sign up here

How to benefit?

SPECIAL OFFER for our clients:

ZERO maintenance fee for the first two months!

until 31.10.2023

Payswix provides the following solutions for your business:

Account

Designated IBAN account
Multiple IBANs
Faster Transfers
BATCH payments

Cards

Prepaid Mastercard® card
Separate IBAN (if required)
EUR card with multiple currencies payments

Payments

SEPA transfers
SWIFT transfers
Internal transfers
Currency exchange

…and e-shop payments are coming soon

Features:

Flexible pricing

Accepts wide range of jurisdictions

Crypto friendly

Online KYC Process and account opening speed — Easy and Fast

Submit Online Registration Form

Proceed with Identity Verification process

Provide required set of Corporate Documentation

* Depends on clients well cooperation and documents are in order

Due Diligence process by compliance team, providing additional information if required

Receive a notice of the payment system account open

How long does it take?

Approximately 14 days*.

Required documents*:

Deed of Establishment/Incorporation document (not older than 3 months) – certified/apostille

Articles of Association/Memorandum – certified/apostille

Shareholders & Directors Register (not older than 3 months) – certified/apostille

Power of Attorney (when applicable) – certified/apostille

Signed and dated company structure chart

The latest annual (audited if required) financial statement of the company (when applicable)

Company's account bank statement if present (not older than 3 months)

Signed agreements with business partners + 2 invoices per each (when applicable)

Signed agreements with clients + 2 invoices per each (when applicable)

UBO(s), Director(s), Shareholder(s), Authorized signatory identity documents (valid passport or ID card)

Nominee and Trustee agreements (when applicable)

Proof of address (POA)** of authorized person(s), shareholders, and beneficial owner(s), not older than 3 months

Proof of website domain ownership (invoice) (when applicable)

Company's utility bill (when applicable) - not older than 3 months

*All documents provided to payswix must be in English or Lithuanian languages.

** Acceptable forms of POA: water, gas, phone, internet, council tax

Open your business account with NO maintenance fee for 2 months!

Sign up here

Swipe right -->

Transfers to/from Crypto Exchanges

Supported

Multicurrency e-wallet opening (plus one EUR IBAN included)

Free of charge

399 €

599 €

E-wallet monthly fee (1st month F.O.C)

Free of charge

59 €

99 €

Incoming SEPA transfers

Free of charge

3 € + 0.1 %

3 € + 0.2 %

Outgoing SEPA transfers

1.00 €

3 € + 0.1 %

3 € + 0.2 %

Incoming SWIFT, CHAPS

25 € + 0.1 %

25 € + 0.2 %

25 € + 0.3 %

Incoming Faster Payments

3 €

3 € + 0.1 %

5 € + 0.2 %

Outgoing SWIFT, CHAPS

25 € + 0.1 %

25 € + 0.2 %

Outgoing Faster transfers

3 €

3 € + 0.1 %

5 € + 0.2 %

Foreign Exchange for Major currencies AUD, CAD, CHF, EUR, GBP, JPY, NOK, NZD, USD

1.00%

Foreign Exchange for Minor currencies RUB, ZAR, THB, SGD, HKD, HUF, ILS, MXN, PLN, AED, KRW, RWF, BBD, BDT, BGN, BHD, CZK, DKK, FJD, GHS, HRK, INR, JOD, KWD, LKR, MAD, MUR, MWK, OMR, QAR, RON, SAR, TRY, TWD, TZS, UGX

1.50%

1.5%

Foreign Exchange for Exotic currencies BRL, CLP, COP, BWP, JMD, KES, LSL, MGA, CNY, ARS, IDR, MYR, MZN, NAD, NPR, PEN, PGK, PHP, PKR, SLL, TND

2.00%

Transfers to/from Crypto Exchanges

Supported

Multicurrency e-wallet opening (plus one EUR IBAN included)

Free of charge

399 €

599 €

E-wallet monthly fee (1st month F.O.C)

Free of charge

59 €

99 €

Incoming SEPA transfers

Free of charge

3 € + 0.1 %

3 € + 0.2 %

Outgoing SEPA transfers

1.00 €

3 € + 0.1 %

3 € + 0.2 %

Incoming SWIFT, CHAPS

25 € + 0.1 %

25 € + 0.2 %

25 € + 0.3 %

Incoming Faster Payments

3 €

3 € + 0.1 %

5 € + 0.2 %

Outgoing SWIFT, CHAPS

25 € + 0.1 %

25 € + 0.2 %

Outgoing Faster transfers

3 €

3 € + 0.1 %

5 € + 0.2 %

Foreign Exchange for Major currencies AUD, CAD, CHF, EUR, GBP, JPY, NOK, NZD, USD

1.00%

Foreign Exchange for Minor currencies RUB, ZAR, THB, SGD, HKD, HUF, ILS, MXN, PLN, AED, KRW, RWF, BBD, BDT, BGN, BHD, CZK, DKK, FJD, GHS, HRK, INR, JOD, KWD, LKR, MAD, MUR, MWK, OMR, QAR, RON, SAR, TRY, TWD, TZS, UGX

1.50%

1.5%

Foreign Exchange for Exotic currencies BRL, CLP, COP, BWP, JMD, KES, LSL, MGA, CNY, ARS, IDR, MYR, MZN, NAD, NPR, PEN, PGK, PHP, PKR, SLL, TND

2.00%

Prohibited Jurisdictions:

Afghanistan, Albania, American Samoa, Anguilla, Azerbaijan, Bahamas, Bangladesh, Barbados, Belarus, Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cambodja, Cameroon, Cayman Islands, Central African Republic, Chad, Christmas Island, Cocos Islands, Comoros, Congo, Costa Rica, Croatia, Cuba, Equatorial Guinea, Eritrea, Falkland Islands, Fiji Islands, Guam, Guatemala, Guinea, Guinea-Bissau, Haiti, Heard Islands, Honduras, Iran, Iraq, Jamaica, Jordan, Lebanon, Libyan Arab Jamahiriya, Mali, Marshall Islands, Mayotte, Morocco, Mozambique, Myanmar, Netherland Antilles, Nicaragua, Nigeria, Norfolk Islands, North Korea, Pakistan, Palau, Panama, Philippines, Pitcairn, Russian Federation, Samoa, Senegal, Somalia, South Africa, South Georgia and the South Sandwich Islands, Sudan, Svalbard and Jan Mayen, Syria, Tajikistan, Tanzania, Trinidad and Tobago, Turkmenistan, Turks and Caicos Islands, Uganda, United States Minor Outlying Islands, Vanuatu, Venezuela, Vietnam, British Virgin Islands, Virgin Islands, Wallis and Futuna, Yemen, Zimbabwe

Prohibited business activities:

Providing services that are prohibited by the law or contradict public order and moral principles.

The process of opening an account with Payswix usually goes smoothly, but if you don´t want to waste your time or don't like to deal with the paperwork, we will gladly provide you with professional support in opening an account.

LITE

(simple structure)

EUR 750

PRO

(complex structure)

EUR 1000

Get in touch

Includes:

documents review and analysis, compliance and sanctions check, KYC and KYB compliance reports, profile setup;
pre-approval of your business profile with the payment system;
assistance with the preparation of necessary documents and information;
follow up until the payment system account is opened and activate

Our fees:

PRE-CHECK*

EUR 200

(non-refundable)

It's a good starting point of setting up an account, cost effective and time saving.

If your profile is approved by Payswix, you can complete the application yourself or continue with our assistance.

If you order our assistance, EUR 200 will be deducted from the opening service fee.

Contact us for further information and order:

Book a call

Email