Phoenix Payments UAB

Business Focus
alternative banking and payment solutions

Phoenix Payments UAB is an electronic money institution focused on alternative banking and payment solutions. Phoenix Payments UAB offers payment processing, mobile point-of-sale, multi-currency IBAN accounts, e-wallet accounts, escrow accounts, debit cards, prepaid cards to escrow agents, individuals, businesses, online merchants. Incorporated in Lithuania, Phoenix Payments UAB is authorized and regulated by the Bank of Lithuania. Phoenix Payments UAB is doing business as Ibanera.

Solutions
  • payment processing
  • mobile point-of-sale
Products
  • multi-currency IBAN accounts
  • e-wallet accounts
  • escrow accounts
  • debit cards
  • prepaid cards
Clients
  • escrow agents
  • individuals
  • businesses
  • online merchants

Personal Account

Payment Cards
physical
virtual
Personal IBAN
available
UK Account Number
not available
Customer Groups
EU residents
non-EU residents
high risk
Pricing Plans
Group 1
Group 2
Group 3
Payment Cards
A payment card can be ordered together with Personal Account. Virtual cards are not available.
Personal IBAN vs EMI Banking Details
While Phoenix Payments uses an account holder's personal IBAN for some operations, Phoenix Payments's own banking details are used for the others.
Pricing Plans
Personal Account is offered with several pricing plans for different customer groups, namely Group 1, Group 2, Group 3.
  • Group 1
  • offered to: EU residents
  • Initial Fee 50.00 EUR
  • Monthly Fee 25.00 EUR
  • SEPA Outgoing 2.00 EUR
  • SEPA Incoming 1.00 EUR
  • SWIFT Outgoing 40.00 EUR
  • SWIFT Incoming 20.00 EUR
  • Group 2
  • offered to: non-EU residents
  • Initial Fee 150.00 EUR
  • Monthly Fee 50.00 EUR
  • SEPA Outgoing 5.00 EUR
  • SEPA Incoming 4.00 EUR
  • SWIFT Outgoing 50.00 EUR
  • SWIFT Incoming 25.00 EUR
  • Group 3
  • offered to: high risk
  • Initial Fee 200.00 EUR
  • Monthly Fee 100.00 EUR
  • SEPA Outgoing 5.00 EUR
  • SEPA Incoming 6.00 EUR
  • SWIFT Outgoing 50.00 EUR
  • SWIFT Incoming 30.00 EUR

Alternatives to Phoenix Payments Personal Account

See Also

Business Account

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
ICO activities
Pricing Plans
Group 1
Group 2
Group 3
Group 4
Payment Cards
A payment card can be ordered together with Business Account. Virtual cards are not available.
Personal IBAN vs EMI Banking Details
While Phoenix Payments uses an account holder's personal IBAN for some operations, Phoenix Payments's own banking details are used for the others.
Pricing Plans
Business Account is offered with several pricing plans for different customer groups, namely Group 1, Group 2, Group 3, Group 4.
  • Group 1
  • offered to: EEA based, low risk
  • Initial Fee 250.00 EUR
  • Monthly Fee 50.00 EUR
  • SEPA Outgoing 1.00 EUR
  • SEPA Incoming 4.00 EUR
  • SWIFT Outgoing 35.00 EUR
  • SWIFT Incoming 20.00 EUR
  • Group 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 6.00 EUR
  • SWIFT Outgoing 40.00 EUR
  • SWIFT Incoming 20.00 EUR
  • Group 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 10.00 EUR
  • SWIFT Outgoing 50.00 EUR
  • SWIFT Incoming 20.00 EUR
  • Group 4
  • offered to: ICO activities
  • Initial Fee 900.00 EUR
  • Monthly Fee 250.00 EUR
  • SEPA Outgoing 9.00 EUR
  • SEPA Incoming 10.00 EUR
  • SWIFT Outgoing 50.00 EUR
  • SWIFT Incoming 20.00 EUR

Alternatives to Phoenix Payments Business Account

See Also

Operations with Cryptocurrencies

No

Phoenix Payments do not conduct operations with cryptocurrencies.

See Also

Company Details

Country of Registration
Lithuania
Company Number
304920426
BIC
UAPPLT21XXX
Authorized By
Bank of Lithuania
Authorization Number
LB000477
Authorization Granted
20 November 2018
Authorized Activities
  • execution of payment transactions on a payment account (not covered by a credit line)
  • issuing payment instruments or acquiring payment transactions

Phoenix Payments UAB is authorized by the Bank of Lithuania (authorization number LB000477) for execution of payment transactions on a payment account (not covered by a credit line), issuing payment instruments or acquiring payment transactions. The authorization was granted on 20 November 2018.

EEA Passport
Yes
Deposit Guarantee
No

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

Membership
SWIFT
SEPA

Phoenix Payments UAB is a SWIFT member and a SEPA scheme participant.

See Also

Contacts

Mesiniu Str 5, Vilnius, Lithuania
(844) 369 – 2529
Website Languages
English

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See Also