alternative banking and payment services Via Payments UAB is an electronic money institution authorized and regulated by the Bank of Lithuania. Via Payments is focused on card acquiring services, alternative banking and payment services. Via Payments offers business accounts with IBAN, merchant accounts, virtual business cards, international transfers, currency exchange to businesses. In 2023 Via Payments UAB total safeguarded customer funds were 30.98 mln EUR and revenue was 16.10 mln EUR. Via Payments is doing business as VIALET.
Business account and free payments for e-commerce
Easy Onboarding
Tailored for European eCommerce and SME businesses
Money transfers and instant SEPA payments with no fees
(*)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, Via Payments UAB is assigned the overall rating 4.21 (excellent) which is explained in details below.
| Operating Environment | Very Friendly | (4.96) |
| Product Range | Broad | (3.81) |
| Market Niche | Average | (2.86) |
| Company Background | Strong | (3.90) |
| Customer Support | Good | (4.18) |
| Customer Sentiment | Average | (3.12) |
| Transparency | High | (4.08) |
| Overall Rating | Excellent | (4.21) |
|---|
TheBanks.eu has also identified the following pros and cons of the company:
Get a free IBAN account with EUR as the default account currency
SEPA and SEPA Instant payments
Add multiple companies and team members to a single business account
Business virtual cards & online payment processing
Review all transaction history, outgoing expenses, money transfers, and invoice payments
Download and share statements of your online payments and completed transactions for invoices or accounting purposes
Set monthly and annual spending limits to have more control over your corporate expenditures
Mass payouts
(*)as stated by the company itself
Business Account is a single-currency account, allowing the account holder to have funds in EUR only.
EUR (Euro)Virtual payment cards (Visa) can be ordered together with VIALET Business Account.
Business Account is offered to all countries.
Business Account is offered with a single pricing plan for all customers.
Card acquiring and Instant settlements
As a Principal Member of MasterCard and Visa VIALET offers merchant accounts to EU legal entities, providing a secure and efficient way to accept payments and manage transactions. With VIALET's merchant account, businesses can streamline their payment processes and enhance their financial operations. VIALET offers different settlement options, for example to your bank account anywhere, to your VIALET corporate account or Instant settlements.
Merchant accounts offered by Via Payments allow to accept the following payment methods:
AUD (Australian dollar)EUR (Euro)
CAD (Canadian dollar)
USD (US dollar)
CLP (Chilean peso)
RUB (Russian ruble)
CZK (Czech koruna)
UZS (Uzbekistani Som)
HUF (Hungarian forint)
AZN (Azerbaijani Minat)
IDR (Indonesian rupiah)
UAH (Ukrainian hryvnia)
JPY (Japanese yen)
PLN (Polish złoty)
KZT (Kazakhstani tenge)
PEN (Peruvian Nuevo Sol)
NZD (New Zealand dollar)
NOK (Norwegian krone)Other currencies can be considered upon request.
Merchant Account is assigned a dedicated IBAN which belongs to Lithuania.
Via Payments is neither registered with the Financial Crime Investigation Service (FCIS) as a virtual asset services provider, nor offers any crypto assets services. Via Payments UAB does not conducts any crypto-related activities.
The FCIS is responsible for supervision of the activities of Virtual currency exchange operators and (or) Depository virtual currency wallet operators related to the prevention of money laundering and/or terrorist financing.
Via Payments UAB is not registered with the FCIS as a virtual asset services provider.
Via Payments do not offer crypto assets services.
Via Payments do not conduct any crypto-related acitivities.
| thn EUR | 2022 | 2023 | change (%) |
|---|---|---|---|
| Customer Funds | 25,086.00 | 30,975.00 | +23.48% |
| Total Equity | 3,621.00 | 4,822.00 | +33.17% |
| Revenue | 13,704.00 | 16,104.00 | +17.51% |
According to the Electronic Money Directive of the European Union, an electronic money institution must safeguard customer funds in a separate account in a credit institution or invested in secure, liquid low-risk assets. Via Payments keeps its customer funds as follows:
| thn EUR | 2023 | share (%) |
|---|---|---|
| Customer Funds In Central Banks | 22,724.00 | 62.56% |
| Customer Funds In Credit Institutions | 2,099.00 | 5.78% |
| Customer Funds In Low-Risk Liquid Assets | 11,500.00 | 31.66% |
According to the Electronic Money Directive of the European Union, an electronic money institution must maintain a certain level of own funds which is calculated as a maximum of the initial capital required and 2.00 % of its customer's funds. Via Payments own funds adequacy calculation is shown below:
| thn EUR | |
|---|---|
| Initial Capital Requirement | 350.00 |
| Customer Funds | 30,975.00 |
| Customer Funds Requirement (2%) | 619.50 |
| Own Funds Requirement | 619.50 |
| Own Funds | 4,822.00 |
| Rank | Name | Market % | Customer Funds |
|---|---|---|---|
| 17 (-10) |  UAB "NexPay" | 1.66 % | 32.08 mln EUR (-53.92%) |
| 18 () | Via Payments UAB | 1.60 % | 30.98 mln EUR (+23.48%) |
| 19 (+15) |  UAB Monavate | 1.19 % | 23.02 mln EUR (+334.79%) |
Lithuania
Via Payments UAB is authorized by the Bank of Lithuania as a e-money institution (authorization number LB000421) 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; the authorization was granted on 10 October 2017.
Via Payments UAB 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, Via Payments is required to safeguard its customers’ money.
Due to EEA passport rules Via Payments UAB, can conduct its activities in any of the 30 EEA member states.
Via Payments UAB is a SWIFT member and a SEPA (SCT, SCT Inst) scheme participant.
Via Payments UAB is connected to MasterCard payment card scheme.
Konstitucijos ave. 7, 09308, Vilnius, Lithuania
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