EasyPay AD (Bulgaria) is an electronic money institution authorized and regulated by the Bulgarian National Bank. EasyPay is focused on providing payment services. The company offers domestic money transfers, mass payments, e-wallet accounts, prepaid cards, IBAN accounts to individuals, legal entities.
Pay your bills in one place
Pay your utility bills in the EasyPay offices
Send and receive money instantly
EasyPay card completely free of charge
(*)as stated by the company itself
13 August 2024, by Anna Mileiko
TheBanks.eu has developed a proprietary methodology to assign ratings to payment institutions based on their operating environment, company background, business model, market niche, product range, transparency, customer support and customer sentiment. According to the methodology, EasyPay AD is assigned the overall rating 3.32 (average) which is explained in details below.
Operating Environment | Friendly | (3.58) |
Product Range | Average | (3.05) |
Market Niche | Average | (3.05) |
Company Background | Strong | (3.51) |
Customer Support | Good | (3.43) |
Customer Sentiment | n/a | |
Transparency | Average | (2.88) |
Overall Rating | Average | (3.32) |
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TheBanks.eu has also identified the following pros and cons of the company:
No account maintenance fees
No fees for making transfers to another account at EasyPay
Low fees for transfers to accounts in other banks or payment institution
No requirement to maintain a minimum balance in your account
Receive or make transfers in BGN
Receive your salary or pension, pay utility bills
(*)as stated by the company itself
Personal Payment Account is a single-currency account, allowing the account holder to have funds in BGN only.
A payment card can be ordered together with Personal Payment Account.
Dedicated IBANs assigned to Personal Payment Account belong to Bulgaria.
Personal Payment Account is offered to Based in Bulgaria.
Personal Payment Account is offered with a single pricing plan for all customers.
No account maintenance fees
No fees for making transfers to another account at EasyPay
Low fees for transfers to accounts in other banks or payment institution
No requirement to maintain a minimum balance in your account
Receive or make transfers in BGN
Bulk payments
(*)as stated by the company itself
Business Payment Account is a single-currency account, allowing the account holder to have funds in BGN only.
A payment card can be ordered together with Business Payment Account.
Dedicated IBANs assigned to Business Payment Account belong to Bulgaria.
Business Payment Account is offered to Based in Bulgaria.
Business Payment Account is offered with a single pricing plan for all customers.
EasyPay do not conduct operations with cryptocurrencies.
EasyPay AD is authorized by the Bulgarian National Bank as a e-money institution for issuance of electronic money, distribution and redemption of electronic money, placing cash to a payment account, withdrawing cash from a payment account, 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, money remittance, account information services, payment initiation services; the authorization was granted on 25 October 2018.
EasyPay AD is not a bank, it can't collect deposits from public or loan out its clients’ money. Hence, it does not have to participate in deposit guarantee schemes. However, EasyPay is required to safeguard its customers’ money.
Due to EEA passport rules EasyPay AD, can conduct its activities in any of the 30 EEA member states.
EasyPay AD is a SWIFT member and a SEPA (SCT) scheme participant.