1/11/2021 ConnectPay UAB

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ConnectPay UAB

Trustpilot Rating
Reviews 9 | Good
 (4.1)
Business Focus
banking alternative for online-focused businesses

ConnectPay UAB is an electronic money institution focused on banking alternative for online-focused businesses. ConnectPay UAB o ers virtual personal accounts
with IBAN, virtual business accounts with IBAN, virtual merchant accounts with IBAN to individuals, businesses, merchants. In 2019 ConnectPay UAB had total
customer funds to be safeguarded (https://thebanks.eu/emis/connectpay-354711# nancials) of 46.54 mln EUR, ConnectPay UAB generated gross pro t of 1.54
mln EUR. Incorporated in Lithuania, ConnectPay UAB is authorized and regulated by the Bank of Lithuania.

Products
• virtual personal accounts with IBAN
• virtual business accounts with IBAN
• virtual merchant accounts with IBAN

Clients
• individuals
• businesses
• merchants

Free Debit Card for Pakistan

Free Debit Card for Pakistan, Free sign up, Card &
Digital Wallet with zero free

Free Promotion Open

Personal IBAN Account

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Currency EUR, USD, AED and 28 more

Payment Cards physical

virtual

Dedicated IBAN available

UK Account Number not available

Customer Groups EU residents
non-EU residents
Pricing Plans • Category 1
• Category 2

Currency

Personal IBAN Account is a multi-currency account, allowing the account holder to have funds in EUR, USD, AED, AUD, BGN, BHD, CAD, CHF, CNY, CZK, DKK, GBP, HKD,
HRK, HUF, ILS, JPY, KES, KWD, MXN, NOK, NZD, PLN, QAR, RON, SAR, SEK, SGD, THB, TRY, ZAR.

Payment Cards

Payment cards are not o ered together with Personal IBAN Account.

International Transfers
• SWIFT Transfers
• SEPA Credit Transfers

Dedicated IBAN
• available for veri ed customers
• appears automatically
Dedicated IBAN vs EMI Banking Details
While ConnectPay uses an account holder's personal IBAN for some operations, ConnectPay's own banking details are used for the others.

Dedicated IBAN Operations

• sending EUR to a SEPA country
• receiving EUR from a SEPA country
• sending SWIFT transfers

Pricing Plans

Personal IBAN Account is o ered with several pricing plans for di erent customer groups, namely Category 1, Category 2.

Category 1 Category 2

o ered to: EU residents o ered to: non-EU residents

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Initial Fee 0.00 EUR Initial Fee 200.00 EUR

Monthly Fee 50.00 EUR Monthly Fee 100.00 EUR

SEPA Outgoing 0.25 EUR SEPA Outgoing 5.00 EUR

SEPA Incoming 0.00 EUR SEPA Incoming 5.00 EUR

SWIFT Outgoing 40.00 EUR SWIFT Outgoing 50.00 EUR

Alternatives to ConnectPay Personal IBAN Account

(https://thebanks.eu/emis/satchelpay-354722#personal_accounts)

SatchelPay (https://thebanks.eu/emis/satchelpay-354722#personal_accounts)

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1/11/2021 ConnectPay UAB

(https://thebanks.eu/emis/transferwise-354848#personal_accounts)

TransferWise (https://thebanks.eu/emis/transferwise-354848#personal_accounts)

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1/11/2021 ConnectPay UAB

(https://thebanks.eu/emis/via-payments-354733#personal_accounts)

Via Payments (https://thebanks.eu/emis/via-payments-354733#personal_accounts)

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1/11/2021 ConnectPay UAB

(https://thebanks.eu/emis/ibs-lithuania-354726#personal_accounts)

IBS Lithuania (https://thebanks.eu/emis/ibs-lithuania-354726#personal_accounts)

See Also
EMI Personal Accounts with IBAN (/emis/personal-accounts-with-iban)

Business IBAN Account

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1/11/2021 ConnectPay UAB

Currency EUR, USD, AED and 28 more

Payment Cards physical

virtual

Customer Groups EEA based, low risk

EEA based, high risk; non-EEA based, low risk
non-EEA based, high risk
Pricing Plans • Category 1
• Category 2
• Category 3

Currency

Business IBAN Account is a multi-currency account, allowing the account holder to have funds in EUR, USD, AED, AUD, BGN, BHD, CAD, CHF, CNY, CZK, DKK, GBP, HKD,
HRK, HUF, ILS, JPY, KES, KWD, MXN, NOK, NZD, PLN, QAR, RON, SAR, SEK, SGD, THB, TRY, ZAR.

Payment Cards

HERCUS Prepaid Card (MasterCard) can be ordered together with Business IBAN Account. Virtual cards are not available.

International Transfers
• SWIFT Transfers
• SEPA Credit Transfers

Dedicated IBAN
• available for veri ed customers
• appears automatically

Dedicated IBAN vs EMI Banking Details

While ConnectPay uses an account holder's personal IBAN for some operations, ConnectPay's own banking details are used for the others.

Dedicated IBAN Operations

• sending EUR to a SEPA country
• receiving EUR from a SEPA country
• sending SWIFT transfers
Pricing Plans

Business IBAN Account is o ered with several pricing plans for di erent customer groups, namely Category 1, Category 2, Category 3.

Category 1 Category 2 Category 3

o ered to: EEA based, low risk o ered to: EEA based, high risk; non-EEA based, low risk o ered to: non-EEA based, high risk

Initial Fee 250.00 EUR Initial Fee 500.00 EUR Initial Fee 750.00 EUR

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Monthly Fee 50.00 EUR Monthly Fee 150.00 EUR Monthly Fee 250.00 EUR

SEPA Outgoing 1.00 EUR SEPA Outgoing 3.00 EUR SEPA Outgoing 5.00 EUR

SEPA Incoming 1.00 EUR SEPA Incoming 3.00 EUR SEPA Incoming 5.00 EUR

SWIFT Outgoing 35.00 EUR SWIFT Outgoing 40.00 EUR SWIFT Outgoing 50.00 EUR

Alternatives to ConnectPay Business IBAN Account

(https://thebanks.eu/emis/satchelpay-354722#business_accounts)

SatchelPay (https://thebanks.eu/emis/satchelpay-354722#business_accounts)

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1/11/2021 ConnectPay UAB

(https://thebanks.eu/emis/transferwise-354848#business_accounts)

TransferWise (https://thebanks.eu/emis/transferwise-354848#business_accounts)

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1/11/2021 ConnectPay UAB

(https://thebanks.eu/emis/via-payments-354733#business_accounts)

Via Payments (https://thebanks.eu/emis/via-payments-354733#business_accounts)

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1/11/2021 ConnectPay UAB

(https://thebanks.eu/emis/ibs-lithuania-354726#business_accounts)

IBS Lithuania (https://thebanks.eu/emis/ibs-lithuania-354726#business_accounts)

See Also
EMI Business Accounts with IBAN (/emis/business-accounts-with-iban)

HERCUS Prepaid Cards

Card Type prepaid

physical
Currency single currency
EUR
Card Provider MasterCard

Card Type

ConnectPay cards are prepaid cards, rather than debit cards.

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1/11/2021 ConnectPay UAB

Debit vs Prepaid Cards. Debit cards do not have a separate balance and are connected to an account or e-wallet. Such cards are are loaded automatically when the

account/e-wallet is being topped up. Prepaid cards have a separate balance from an account or e-wallet. These cards have to be loaded manually, usually from the
account/e-wallet.

ConnectPay cards are issued only as physical (plastic) cards and are delivered to the customer's address.

Currency

HERCUS Prepaid Card is a single currency card, it can be issued in EUR only.

Card Loading

ConnectPay Card can be topped up from the cardholder's ConnectPay IBAN account

Card Issuer

Wirecard Card Solutions Ltd

Card Fees and Limits

ConnectPay Card

Card Issuing and Delivery Fee 50.00 EUR

Monthly Fee 25.00 EUR

Currency Exchange Fee 2.00 %

Transaction Fee 0.5%, min 1.00 EUR

ATM Withdrawal Fee 2.5%, min 2.00 EUR

Card Load Limit per Day 1,000 EUR

Card Load Limit per Year 100,000 EUR

ATM Withdrawal per Day 1,000 EUR

ATM Withdrawal per Month 31,000 EUR

Alternatives to ConnectPay Business Payment Cards

(https://thebanks.eu/emis/satchelpay-354722#corporate_payment_cards) (https://thebanks.eu/emis/transferwise-354848#corporate_payment_cards)

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1/11/2021 ConnectPay UAB

(https://thebanks.eu/emis/via-payments-354733#corporate_payment_cards)

See Also
EMI Payment Cards (/emis/payment-cards)

Operations with Cryptocurrencies

No

ConnectPay do not conduct operations with cryptocurrencies.

See Also
Crypto-Friendly EMIs (/emis/crypto-friendly)

Financial Highlights

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1/11/2021 ConnectPay UAB

thn EUR 2018 2019 change (%)

Customer Funds 4,850.00 46,543.00 +859.65% 

Total Equity 478.00 703.00 +47.07% 

Gross Pro t 205.00 1,536.00 +649.27% 

See Also
• E-Money Institutions in The Fintech Ecosystem of Lithuania (/articles/e-money-institutions-in-the- ntech-ecosystem-of-Lithuania)

Market Share

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1/11/2021 ConnectPay UAB

(https://thebanks.eu/emis/paysera-lt-354718) "Paysera LT", UAB (https://thebanks.eu/emis/paysera-lt-354718)

Rank 1 (−)

Market Share 47.29 %

Customer Funds 201.92 mln EUR  (+73.29%)

(https://thebanks.eu/emis/connectpay-354711) ConnectPay UAB (https://thebanks.eu/emis/connectpay-354711)

Rank 2 (+6)

Market Share 10.90 %

Customer Funds 46.54 mln EUR  (+859.65%)

(https://thebanks.eu/emis/via-payments-354733) Via Payments UAB (https://thebanks.eu/emis/via-payments-354733)

Rank 3 (−)

Market Share 6.01 %

Customer Funds 25.67 mln EUR  (+86.11%)

See Also
• E-Money Institutions in The Fintech Ecosystem of Lithuania (/articles/e-money-institutions-in-the- ntech-ecosystem-of-Lithuania)

Mobile Applications
Mobile Application: ConnectPay
 5.0, 1 Ratings

ConnectPay Supported Languages

English

Company Details
Country of Registration
Lithuania

Company Number
304696889

BIC
CNUALT21XXX

Authorized By

Authorization Number
LB000440

Authorization Granted
16 January 2018
Authorized Activities
• 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

ConnectPay UAB is authorized by the Bank of Lithuania (authorization number LB000440) for 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 16 January 2018.

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EEA Passport
Yes

Deposit Guarantee
No

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

schemes.

Membership

ConnectPay UAB is a SWIFT member and a SEPA (SCT) scheme participant.

See Also
• List of EMIs in Lithuania (/list-of-emis/Lithuania)

Contacts
 Vilniaus m. sav. Vilniaus m. Gedimino pr. 20, 01103, Vilnius, Lithuania

Website Languages
English Lithuanian

Similar EMIs
UAB "Argentum mobile" (Lithuania) (https://thebanks.eu/emis/argentum-mobile-355026)
providing multicurrency IBAN accounts

Bilderlings Pay Ltd (United Kingdom) (https://thebanks.eu/emis/bilderlings-pay-354764)

o ering banking services

Clear Junction Ltd (United Kingdom) (https://thebanks.eu/emis/clear-junction-354776)

providing payment infrastructure services

DynaPay Ltd (United Kingdom) (https://thebanks.eu/emis/dynapay-354783)

banking services, payments processing solutions

Dzing Finance Ltd (United Kingdom) (https://thebanks.eu/emis/dzing- nance-354963)

providing payment cards and IBAN accounts

Ecommbx ltd (Cyprus) (https://thebanks.eu/emis/ecommbx-354683)

providing seamless payment platform

See Also
• Electronic Money Institutions (/emis)

• List of EMIs (/list-of-emis)

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1/11/2021 ConnectPay UAB

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