We are a licensed electronic money institution under the close supervision of the Bank of Lithuania. Following the strict client fund separation requirements, we are obliged to keep all of our client’s funds in a separate deposit account at the Bank of Lithuania, at the national banks of the other European Union member states or commercial banks of the EU – member states.
We do not charge any additional fees to freelance (self-employed) professionals based in the EEA if you use your personal Paylar account for business purposes.