ConnectPay UAB

Trustpilot Rating
Reviews 1 | Average
 (3.7)
Business Focus
banking alternative for online-focused businesses

ConnectPay UAB is an electronic money institution focused on banking alternative for online-focused businesses. ConnectPay UAB offers virtual personal accounts with IBAN, virtual business accounts with IBAN, virtual merchant accounts with IBAN to individuals, businesses, merchants. Incorporated in Lithuania, ConnectPay UAB is authorized and regulated by the Bank of Lithuania.

Products
  • virtual personal accounts with IBAN
  • virtual business accounts with IBAN
  • virtual merchant accounts with IBAN
Clients
  • individuals
  • businesses
  • merchants

Personal IBAN Account

Currency
EUR, USD, AED
and 28 more
Payment Cards
physical
virtual
Personal IBAN
available
UK Account Number
not available
Customer Groups
EU residents
non-EU residents
Pricing Plans
Category 1
Category 2
Currency
Personal IBAN Account is a multi-currency account, allowing the account holder to have funds in EUR, USD, AED, AUD, BGN, BHD, CAD, CHF, CNY, CZK, DKK, GBP, HKD, HRK, HUF, ILS, JPY, KES, KWD, MXN, NOK, NZD, PLN, QAR, RON, SAR, SEK, SGD, THB, TRY, ZAR.
Payment Cards
Payment cards are not offered together with Personal IBAN Account.
Personal IBAN
  • available for verified customers
  • appears automatically
Personal IBAN vs EMI Banking Details
While ConnectPay uses an account holder's personal IBAN for some operations, ConnectPay's own banking details are used for the others.
Personal IBAN Operations
  • sending EUR to a SEPA country
  • receiving EUR from a SEPA country
  • sending SWIFT transfers
Pricing Plans
Personal IBAN Account is offered with several pricing plans for different customer groups, namely Category 1, Category 2.
  • Category 1
  • offered to: EU residents
  • Initial Fee 0.00 EUR
  • Monthly Fee 50.00 EUR
  • SEPA Outgoing 0.25 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 40.00 EUR
  • Category 2
  • offered to: non-EU residents
  • Initial Fee 200.00 EUR
  • Monthly Fee 100.00 EUR
  • SEPA Outgoing 5.00 EUR
  • SEPA Incoming 5.00 EUR
  • SWIFT Outgoing 50.00 EUR

Alternatives to ConnectPay Personal IBAN Account

See Also

Business IBAN Account

Currency
EUR, USD, AED
and 28 more
Payment Cards
physical
virtual
Personal IBAN
available
Customer Groups
EEA based, low risk
EEA based, high risk; non-EEA based, low risk
non-EEA based, high risk
Pricing Plans
Category 1
Category 2
Category 3
Currency
Business IBAN Account is a multi-currency account, allowing the account holder to have funds in EUR, USD, AED, AUD, BGN, BHD, CAD, CHF, CNY, CZK, DKK, GBP, HKD, HRK, HUF, ILS, JPY, KES, KWD, MXN, NOK, NZD, PLN, QAR, RON, SAR, SEK, SGD, THB, TRY, ZAR.
Payment Cards
HERCUS Prepaid Card (MasterCard) can be ordered together with Business IBAN Account. Virtual cards are not available.
Personal IBAN
  • available for verified customers
  • appears automatically
Personal IBAN vs EMI Banking Details
While ConnectPay uses an account holder's personal IBAN for some operations, ConnectPay's own banking details are used for the others.
Personal IBAN Operations
  • sending EUR to a SEPA country
  • receiving EUR from a SEPA country
  • sending SWIFT transfers
Pricing Plans
Business IBAN Account is offered with several pricing plans for different customer groups, namely Category 1, Category 2, Category 3.
  • Category 1
  • offered to: EEA based, low risk
  • Initial Fee 250.00 EUR
  • Monthly Fee 50.00 EUR
  • SEPA Outgoing 1.00 EUR
  • SEPA Incoming 1.00 EUR
  • SWIFT Outgoing 35.00 EUR
  • Category 2
  • offered to: EEA based, high risk; non-EEA based, low risk
  • Initial Fee 500.00 EUR
  • Monthly Fee 150.00 EUR
  • SEPA Outgoing 3.00 EUR
  • SEPA Incoming 3.00 EUR
  • SWIFT Outgoing 40.00 EUR
  • Category 3
  • offered to: non-EEA based, high risk
  • Initial Fee 750.00 EUR
  • Monthly Fee 250.00 EUR
  • SEPA Outgoing 5.00 EUR
  • SEPA Incoming 5.00 EUR
  • SWIFT Outgoing 50.00 EUR

Alternatives to ConnectPay Business IBAN Account

See Also

HERCUS Prepaid Cards

Card Type
prepaid
physical
Currency
single currency
EUR
Card Provider
MasterCard
Card Type
ConnectPay cards are prepaid cards, rather than debit cards.

Debit vs Prepaid Cards. Debit cards do not have a separate balance and are connected to an account or e-wallet. Such cards are are loaded automatically when the account/e-wallet is being topped up. Prepaid cards have a separate balance from an account or e-wallet. These cards have to be loaded manually, usually from the account/e-wallet.

ConnectPay cards are issued only as physical (plastic) cards and are delivered to the customer's address.
Currency
HERCUS Prepaid Card is a single currency card, it can be issued in EUR only.
Card Loading
ConnectPay Card can be topped up from the cardholder's ConnectPay IBAN account
Card Issuer
Wirecard Card Solutions Ltd
Card Fees and Limits
ConnectPay Card
Card Issuing and Delivery Fee50.00 EUR
Monthly Fee25.00 EUR
Currency Exchange Fee2.00 %
Transaction Fee0.5%, min 1.00 EUR
ATM Withdrawal Fee2.5%, min 2.00 EUR
Card Load Limit per Day1,000 EUR
Card Load Limit per Year100,000 EUR
ATM Withdrawal per Day1,000 EUR
ATM Withdrawal per Month31,000 EUR

Alternatives to ConnectPay Business Payment Cards

See Also

Operations with Cryptocurrencies

No

ConnectPay do not conduct operations with cryptocurrencies.

See Also

Company Details

Country of Registration
Lithuania
Company Number
304696889
BIC
CNUALT21XXX
Authorized By
Bank of Lithuania
Authorization Number
LB000440
Authorization Granted
16 January 2018
Authorized Activities
  • execution of payment transactions on a payment account (not covered by a credit line)
  • execution of payment transactions on a payment account (using a credit line)
  • issuing payment instruments or acquiring payment transactions

ConnectPay UAB is authorized by the Bank of Lithuania (authorization number LB000440) for execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions. The authorization was granted on 16 January 2018.

EEA Passport
Yes
Deposit Guarantee
No

Due to EEA passport rules ConnectPay UAB, can conduct its activities in any of the 31 EEA member states. ConnectPay UAB do not participate in deposit guarantee schemes.

Membership
SWIFT
SEPA

ConnectPay UAB is a SWIFT member and a SEPA scheme participant.

See Also

Contacts

Gedimino pr 20, Vilnius, Lithuania
Website Languages
English
Lithuanian

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