Payswix review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Payswix suits business and freelance account holders who bill across borders, with 40 currencies and local IBAN details on the same account. It holds an e-money licence from the Bank of Lithuania with EU DGS up to EUR 100,000, but the monthly fee of €3 puts cost ahead of the fee-free norm.
Key facts
- Best for
- Business and freelance holders who need many currencies with a local IBAN.
- Monthly fee
- €3↗
- Licence type
- E money↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Currencies
- 40↗
- Local account details
- IBAN↗
- Transfer fee
- SEPA payments from EUR 0 (Individual EU/EEA)↗
- Legal entity
- Payswix, UAB↗
- Headquarters
- Lithuania↗
- Support channels
- Email, Phone, Help-centre↗
- Audience
- Business, Freelancers
- Official website
- payswix.com
Money transfer
- Delivery time
- SEPA same or next business day; SWIFT 2-5 business days↗
- Payout methods
- Bank, Wallet↗
- Fee to send 1,000
- €0↗
Facts checked September 26, 2026, 6 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
- Elsewhere
- LinkedInapps.apple.com
Pros and cons
Pros
- Eligible deposits are covered under EU DGS up to EUR 100,000, backed by an e-money licence from the Bank of Lithuania.
- SEPA payments cost €0 for individual EU/EEA account holders.
- Accounts come with iban details across 40 currencies.
- Support covers email, phone and help centre, and payouts go to bank and wallet.
Cons
- A monthly fee of €3 applies, above the site median of €0.
- The licence is e money, so the money side rests on EU DGS up to EUR 100,000 rather than a bank balance.
- Payouts run to SEPA same or next business day; SWIFT 2-5 business days, so SWIFT transfers are the slow route.
Who it suits
- Businesses and freelancers, the audiences Payswix names for its accounts.
- Anyone paid in 40 currencies who wants iban details.
- Individuals in the EU and EEA making SEPA payments at €0.
Who should look elsewhere
- Holders who want no monthly charge: XTB's monthly fee is €0.
- Card-led banking users: AXI Card Tarjeta y Credito charges €0 a month, while Payswix pays out to bank and wallet.
- Wallet-first users: Skrill charges €0 a month against Payswix's €3.
How Payswix compares
8.8 vs 8.7
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8.8 vs 9.1
8.8 vs 9.2
8.8 vs 8.7
8.8 vs 8.7
8.8 vs 8.7
8.8 vs 9.0Skrill's monthly fee is €0; Payswix pairs 40 currencies with iban details and cover of EU DGS up to EUR 100,000.
8.8 vs 8.7
8.8 vs 9.5
8.8 vs 9.4
8.8 vs 9.3
8.8 vs 9.2
8.8 vs 9.2
8.8 vs 9.2
8.8 vs 9.2
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8.8 vs 9.2
8.8 vs 9.1
8.8 vs 9.0
8.8 vs 9.0
8.8 vs 8.9
8.8 vs 8.9- 8.8 vs 8.9
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8.8 vs 8.1- 8.8 vs 8.1
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8.8 vs 8.0
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8.8 vs 9.1
Where Payswix is available
- Available
- Austria, Belgium, Bulgaria, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, Ukraine, United Kingdom
- Licence in Lithuania
- Bank of Lithuania (21), checked September 26, 2026
- Licence in Lithuania
- LT_BL (PSD_EMI LT_LT_BL_304604766), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does a Payswix account cost each month?+
The account carries a monthly fee of €3. That is above the site median of €0, and 91.7% of the brands compared charge no monthly fee, so holding cost is the trade-off. Payments are where the low cost sits: €0 for SEPA payments from individual EU/EEA accounts.
Who regulates Payswix and what licence does it hold?+
Payswix, UAB holds an e-money licence from the Bank of Lithuania, licence number 21. The licence type is e money, and eligible deposits are covered under EU DGS up to EUR 100,000. It is an e-money licence rather than a bank licence, so the cover comes from the deposit guarantee rather than a bank balance.
How many currencies can I hold, and can clients pay me locally?+
The accounts run 40 currencies and give you local details in the form of iban. Payswix ranks 24 out of 379 brands on currency range. Clients who hold the matching currency can pay a local IBAN instead of routing a wire.
What do transfers cost and how fast are payouts?+
SEPA payments cost €0 for individual EU/EEA account holders. Payout timing is SEPA same or next business day; SWIFT 2-5 business days, so SEPA transfers land faster than SWIFT ones. Money can be paid out to bank and wallet.
How do I reach support if something goes wrong?+
Support runs on email, phone and help centre only, with no branch network or live chat listed. That keeps the service digital, and most questions can be handled by email, phone or a walk through the help centre. Holders who want face-to-face service will not find it here.
Who is the account aimed at?+
Payswix lists business and freelance holders as its audience, and the features match that crowd: 40 currencies, iban details for receiving money and payouts to bank and wallet. Consumers shopping mainly on holding cost may find the monthly fee of €3 harder to justify.
Can I pay out to a wallet as well as a bank account?+
Payout methods are bank and wallet, so money can be sent to a bank account or a wallet. Card payouts are not among them, so users who need to move money to a card will have to rethink the route out of the account.
Sources
- euclid.eba.europa.eu/register/downloads/PSDMD/20260926/do... checked September 26, 2026
Backs: Headquarters, Legal entity, Licence type, Licences
“EntityCode=LT_LT_BL_304604766; EntityType=PSD_EMI; ENT_NAM=Payswix, UAB”
- payswix.com checked September 26, 2026
Backs: Monthly fee, Transfer fee
“EU/EEA ... Account Monthly fee - 3 € (Individual EU/EEA plan)”
- payswix.com/accounts checked September 26, 2026
Backs: Currencies, Local account details, Fee to send 1,000
“Send and receive international payments to and from more than 170 countries in 40+ currencies”
- payswix.com/support checked September 26, 2026
Backs: Delivery time, Support channels
“SEPA payments (within the EU zone) are usually received within the same or the next business day. Transfers outside of the EU and EEA zone (SWIFT payments) might take up to 2-5 business days to be...”
- payswix.com/terms-and-conditions checked September 26, 2026
Backs: Audience, Payout methods
“Business Client is (i) a legal person, (ii) a natural person operating under individual business / freelance certificate”
- lb.lt/en/enforcement-measures-1/view_license checked September 26, 2026
Backs: Deposit protection
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currency conversion fee.
Related by the facts
Payswix
Business and freelance holders who need many currencies with a local IBAN.