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Paynet review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Paynet suits Moldova based residents, businesses and freelancers who need an IBAN, free ATM withdrawals and cheap EU transfers. Its monthly fee is MDL 0 and the conversion fee is 0.5%, but 1 currency means it works for local money, not for holding several balances at once.

Key facts

Best for
Moldova based banking with an IBAN, free card ATM withdrawals and EU transfers by SEPA.
Monthly fee
MDL 0↗
Currency conversion fee
0.5%↗
Currencies
1↗
Local account details
IBAN↗
Free ATM withdrawals
MDL 5,000↗
Transfer fee
P2P between Paynet accounts free; to other Moldova bank accounts 2.0% min 5 MDL per transaction; to EU accounts via SEPA the MDL equivalent of 10 EUR per transaction; receiving from the EU 0.5% min 0.95 EUR↗
Legal entity
Paynet Services S.R.L.↗
Headquarters
Moldova↗
Founded
2015↗
Support channels
Phone, Email, Help-centre, Community↗
Audience
Expats, Travelers, Business, Freelancers
Pricing model
No monthly fee, Low FX fees
Features
Free ATM withdrawals
Official website
paynet.md

Money transfer

Delivery time
Within a few minutes, 24/7 (RIA Money Transfer received in the Paynet wallet)↗
Payout methods
Bank, Cash-pickup, Card↗
Fee to send 1,000
€10↗

Facts checked September 26, 2026, 8 sources

Apps and profiles

Get the app
Google Play
Elsewhere
LinkedIn

Pros and cons

Pros

  • No monthly charge: MDL 0 on the payment account
  • Currency conversion fee of 0.5% against a site median of 0.5%
  • Free ATM withdrawals up to MDL 5,000 on cards linked to the account
  • EU transfers cost €10 each under SEPA

Cons

  • Only 1 currency is held, so it does not suit multi currency balances
  • EU transfers cost €10 each, and a flat charge applies per transaction
  • Support runs on phone, email and help centre only, with no live chat listed
Paynet

Ready to try Paynet?

Scored 8.8 / 10 by VaultCue.

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Who it suits

  • Businesses in Moldova that need an IBAN for local and EU payments
  • Freelancers billing abroad who send to the EU through SEPA
  • Expats and travelers who want card access to a Moldova account

Who should look elsewhere

  • PayPal Colombia, if you need a wider currency spread and a mature international reach
  • Skrill, if you want an e money balance with a broader payout network
  • Plazo ES, if you want a card rather than an IBAN based Moldova account

How it compares on our data

On currency conversion fee, Paynet ranks 149 of 312 brands, with 0.5% against a site median of 0.5%. On number of currencies, it ranks 338 of 379 brands, since it holds 1 currency. The cost score is 5.3 and the offer score is 0.6, giving an overall 3.4.

Fees and FX

The monthly fee on the payment account is MDL 0 and the currency conversion fee is 0.5%. Transfers between Paynet accounts carry no charge. Sending to another Moldova bank account, or receiving from the EU, takes a percentage of the amount with a minimum per transaction, and an EU transfer through SEPA is charged at €10. Card withdrawals are free up to MDL 5,000.

How Paynet compares

Where Paynet is available

Available
Moldova
Licence in Moldova
National Bank of Moldova (000586), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does Paynet charge each month?+

The payment account has a monthly fee of MDL 0, so there is no standing charge to keep the account open. Card and ATM pricing is separate: withdrawals are free up to MDL 5,000 on cards attached to the account.

How much does Paynet charge to convert currency?+

The currency conversion fee is 0.5%, which sits at the site median of 0.5%. Conversion is therefore average on this site, and because the account holds 1 currency, frequent conversion is not the reason to pick it.

What does a transfer to the EU cost?+

Sending to EU accounts through SEPA is charged at €10 per transaction, and that charge is flat rather than a share of the amount. Transfers between Paynet accounts are free, while sending to other Moldova bank accounts and receiving from the EU take a percentage with a minimum per transaction.

Who regulates Paynet?+

Paynet Services S.R.L. is licensed by the National Bank of Moldova under reference 000586, in Moldova. The licence appears in the terms, so the account is covered by a national payment institution licence rather than a retail bank licence.

How many currencies can I hold?+

The account holds 1 currency, so it is built for money in Moldova rather than for a spread of balances. That ranks it 338 of 379 brands on this site, against a median of 9.

How do I get money out of the account?+

Payouts cover bank, cash pickup and card, so money can go to a bank account, be collected as cash or paid to a card. Domestic account details are provided as an IBAN, which is what most Moldova businesses need for local invoices.

How fast are transfers?+

Delivery is within a few minutes, around the clock, and RIA Money Transfer received money lands in the Paynet wallet. EU transfers run through SEPA, where each transaction carries a charge of €10.

What support can I reach?+

Support runs on phone, email and help centre, which includes a phone line, email, a help centre and a community. The licence is held in Moldova, so the team operates on Moldova working hours rather than around the clock.

Sources

Compiled from 9 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Deposit protection.

Paynet

Paynet

Moldova based banking with an IBAN, free card ATM withdrawals and EU transfers by SEPA.

8.8/10See alternatives