ConnectPay review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
ConnectPay is a business account for companies paying and receiving across borders, holding 80 currencies and issuing local IBAN details, with balances held inside the EU deposit guarantee scheme. Costs are the trade-off, since conversion runs at fees of 0.75% to 1.5% where the multi-currency median runs at 0.3%.
Key facts
- Best for
- A euro business account holding 80 currencies, giving local IBAN details and paying out to bank, card and wallet with a no monthly fee option.
- Monthly fee
- €0 to €100↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Currency conversion fee
- 0.75% to 1.5%↗
- Currencies
- 80↗
- Local account details
- IBAN↗
- Transfer fee
- 25 EUR (Personal Tree), 25 EUR (Personal Forest), 35 EUR (Personal Jungle) per cross-border payment in/out↗
- Legal entity
- UAB ConnectPay↗
- Headquarters
- Lithuania↗
- Founded
- 2017↗
- Support channels
- Email, Phone, Help-centre↗
- Audience
- Business
- Pricing model
- No monthly fee
- Features
- Digital-only
- Official website
- connectpay.com
Money transfer
- Exchange rate markup
- 0.75%↗
- Delivery time
- 90% of payments credited within 24 hours; SEPA Instant in seconds, same day for most SEPA↗
- Payout methods
- Bank, Card, Wallet↗
- Fee to send 1,000
- €25↗
Facts checked September 26, 2026, 8 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
- Elsewhere
Pros and cons
Pros
- Covers 80 currencies and issues local account details, well above where the multi-currency median sits on the site at 5
- Balances sit inside the EU deposit guarantee scheme, with cover stated as EU DGS up to EUR 100,000 on the account
- Most payments are credited within a day, and SEPA Instant transfers land in seconds, with same day settlement on most SEPA
- Payouts reach bank, card and wallet for remittances, and help runs on email, phone and help centre for day to day questions
Cons
- Monthly fees run €0 to €100 on the paid plans, where PayPal Colombia charges $0 a month and Plazo ES charges €0
- Currency conversion costs 0.75% to 1.5% with a rate markup of 0.75%, above the multi-currency median, which runs at 0.3%
- The account is digital only (digital only), so no branch or cash network sits behind it and everyday banking runs through the app
Who it suits
- Businesses paying suppliers and staff abroad, since the account targets a business audience and holds 80 currencies at once
- Euro companies that want staff and suppliers paid from a familiar account format rather than a foreign wire, since local details cover iban
- Finance teams that need payouts to bank, card and wallet and help on email, phone and help centre when a payment needs tracing
Who should look elsewhere
- Plazo ES users wanting simple euro costs, since Plazo ES has a monthly fee of €0 while cross-border payments here cost €25 each way
- Skrill users, whose monthly fee is €0, who do not need local account details under iban for paying suppliers
- PayPal Colombia users, whose monthly fee is $0, who are not paying and receiving as a business across many currencies
How ConnectPay compares
8.9 vs 8.7
8.9 vs 8.6
8.9 vs 8.0
8.9 vs 8.9
8.9 vs 9.1
8.9 vs 9.2
8.9 vs 8.7
8.9 vs 8.7
8.9 vs 8.7
8.9 vs 9.0Skrill charges €0 a month, a wallet choice for readers who want a single balance rather than 80 currencies.
8.9 vs 8.7
8.9 vs 9.5
8.9 vs 9.4
8.9 vs 9.3
8.9 vs 9.2
8.9 vs 9.2
8.9 vs 9.2
8.9 vs 9.2
8.9 vs 9.2
8.9 vs 9.2
8.9 vs 9.1
8.9 vs 9.0
8.9 vs 9.0
8.9 vs 8.9
8.9 vs 8.9- 8.9 vs 8.9
8.9 vs 8.7
8.9 vs 8.5
8.9 vs 8.5
8.9 vs 8.5
8.9 vs 8.4
8.9 vs 8.3
8.9 vs 8.2
8.9 vs 8.1- 8.9 vs 8.1
8.9 vs 8.0
8.9 vs 8.0
8.9 vs 8.0
8.9 vs 9.1
Where ConnectPay is available
- Available
- Lithuania
- Licence in Lithuania
- Central Bank of Lithuania (EMI license No. 24), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much is the monthly fee?+
Monthly fees run €0 to €100, with the lower end of the range on the basic plans and the higher end adding services. ConnectPay runs a no monthly fee tier, so a simple business account can be free, and cross-border payments are charged at €25 on top.
What does it cost to convert currency?+
Conversion fees run 0.75% to 1.5%, and ConnectPay adds a rate markup of 0.75%. The multi-currency median runs at 0.3%, so this sits above the middle of the field. For a business paying in several currencies, that cost returns on every conversion, which makes it the number to weigh first.
Is my money protected?+
Balances are covered by EU DGS up to EUR 100,000, the EU deposit guarantee scheme. UAB ConnectPay holds EMI license No. 24 in Lithuania, so the cover named there applies to money held on the account. The service is digital only (digital only), so the balance and its protection both live in the app.
Who regulates ConnectPay?+
ConnectPay trades as UAB ConnectPay, is based in Lithuania and holds EMI license No. 24. The Central Bank of Lithuania is the regulator named on that licence, and the company was founded in 2017, so it has a multi-year record of operating under it.
How many currencies can I hold, and are there local account details?+
The account supports 80 currencies, ranking 15 of 379 brands on that measure. Local details cover iban, so suppliers and staff in the euro area can be paid from a familiar account format instead of a foreign wire.
How fast do payments arrive?+
Most payments are credited within a day, SEPA Instant transfers land in seconds, and same day settlement applies to most SEPA payments. The account is digital only (digital only), so the flow runs through the app, with support on email, phone and help centre to trace a stalled payment.
What does a cross-border payment cost?+
A cross-border payment costs €25 on the Personal Tree and Personal Forest plans, and more on the Personal Jungle plan, charged for payments in and out. Conversion sits on top at 0.75% to 1.5%, so the cost of moving money abroad depends on how much you convert.
Who is the account for?+
The account targets a business audience rather than personal banking, holds 80 currencies and pays out to bank, card and wallet, with monthly fees running €0 to €100. Support runs on email, phone and help centre, so help comes by phone, email and the help centre.
Sources
- connectpay.com checked September 26, 2026
Backs: Headquarters, Local account details
“a company registered in Lithuania (a European Union member state) with company code 304696889 and with a registered address at Algirdo str. 38, Vilnius, Lithuania”
- connectpay.com/about-us checked September 26, 2026
Backs: Audience, Founded
“ConnectPay, an Electronic Money Institution, is an all-in-one financial platform for online business”
- connectpay.com/payments/cross-border-payments checked September 26, 2026
Backs: Delivery time
“90% of payments sent via our network are credited within 24 hours”
- connectpay.com/payments/multi-currency-payments checked September 26, 2026
Backs: Currencies
“Enjoy the benefits of being able to receive cross-border transfers in 80+ currencies: AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, JPY, NOK, PLN, RON, SEK, SGD, USD, and more.”
- connectpay.com/pricing checked September 26, 2026
Backs: Currency conversion fee, Exchange rate markup, Pricing model, Monthly fee, Transfer fee, Fee to send 1,000
“Currency exchange 0.75 % / 1 % / 1.5 % (Personal IBAN account, Personal Tree / Forest / Jungle)”
- connectpay.com/remittance checked September 26, 2026
Backs: Payout methods
“Collect money using SEPA Instant & SCT, Payment Initiation & Card Acquiring Services; Unlock digital wallets”
- connectpay.com/support checked September 26, 2026
Backs: Features, Legal entity, Support channels
“New ConnectPay customers can open a business account by completing the online application here”
- lb.lt/en/sfi-financial-market-participants/uab-connectpay checked September 26, 2026
Backs: Deposit protection, Licences
Compiled from 8 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type.
Related by the facts
Guides
ConnectPay
A euro business account holding 80 currencies, giving local IBAN details and paying out to bank, card and wallet with a no monthly fee option.