Paylar Prices and Tariffs
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Business account for the EEA – based companies

What is EEA – based company?

An EEA – based company must meet the following criteria:

1. Is registered in one of the EEA – member states (See the full list here).
2. All Ultimate Beneficial Owners are citizens of an EEA – member states.
3. All shareholders, holding more than 20% of the ownership of the company, are either EEA-member states residents or citizens of an EEA – member states.
4. The General Manager of the Company is a resident of EEA – member state.

* Members of the EEA – European Economic Area are all 28 member states of the European Union plus Iceland, Liechtenstein, Norway, and Switzerland.

 

Type of fee Group A Group B Group C
Account opening one-time €99 €299 price negotiable
Customer due diligence one-time €100 €300 €600
Monthly account maintenance monthly €19 €49 €199
Yearly account maintenance yearly €24 €149 €299
Internal transfer per transfer €0 €0 €0
SEPA transfer (Out) per transfer €2 from €10 from €15
SEPA transfer (In) per transfer €2.00 from €5 from €9
Worldwide euro transfer (Out, SHA) per transfer from  €15 from €20 from €30
Worldwide euro transfer (In, SHA) per transfer from €7 from €10 from €20
Currency exchange per transfer 0,5% 0,5% 0,5%
Balance fee (up to 50,000.00 EUR) daily €0 €0 €0
Balance fee (from  50,000.00 EUR to 1M EUR) daily 1%/360 1%/360 1%/360
Balance fee (over 1M EUR) daily 2%/360 2%/360 2%/360
Administration per request €15 €50 €100
Inactive account maintenance monthly €50 €50 €50
Closing of the account one-time €100 €150 €300
Company data change per request €50 €150 €300
Signed account statement per request €15 €50 €100

 

USD account fees Group A Group B Group C
Account opening one-time $50 $100 $100
Customer due diligence one-time $0 $0 $0
Monthly account maintenance monthly $25 $50 $100
Yearly account maintenance yearly $50 $100 $200
Internal transfer per transfer $0 $0 $0
Worldwide USD transfer (Out, SHA) per transfer min $60, 0.2%, max $300 min $60, 0.2%, max $300 min $60, 0.3%, max $300
Worldwide USD transfer (In, SHA) per transfer $50 $50 $50
Balance fee (up $50.000) daily $0 $0 $0
Balance fee (from  $50,000.00 to $1 million) daily 1% 1% 1%
Balance fee (over $1 million) daily 2% 2% 2%

 

Create your business account now!
Business account for the companies from the Rest of the world**
Non-EEA based – companies

** What is the Rest of the World?

We welcome our clients from the majority of countries around the globe, however, following the international regulations, we cannot accept customers from the following jurisdictions:

American Samoa; Yemen; Nigeria; Saint Vincent and the Grenadines; Antigua and Barbuda; Iran; Netherlands Antilles; Saint Kitts and Nevis; Aruba; Islamic Federal Republic of Comoros: Anjouan Islands; New Zealand: Cook Islands, Niue; Saint Lucia; Barbados; Cape Verde; Palestine; Syria; Belize; Congo; Panama; Commonwealth of the Bahamas; Bonaire, Sint Eustatius and Saba; Kingdom of Tonga; Republic of Vanuatu; Commonwealth of Dominica; Botswana; Crimea; Republic of Ghana; Somalia; Brunei Darussalam; Cuba; Republic of Liberia; Sudan; Venezuela; Curacao (Dutch part); Republic of Mauritius; USA: US Virgin Islands, Wyoming, Delaware; Guinea-Bissau; Libya; Republic of the Marshall Islands; Trinidad and Tobago; Grenada; Luhansk People’s Republic (LPR or LNR); Republic of Nauru; Uganda; Guam; Macau (Macau), PRC; Republic of Palau; Fiji; Djibouti Republic; Labuan Island (Malaysia); Republic of Seychelles; Equatorial Guinea; Donetsk People’s Republic (DPR or DNR); Maldives; North Korea (DPRK); Eritrea; Territories dependent on the United Kingdom of Great Britain and Northern Ireland: Anguilla, Bermuda, British Virgin Islands, Montserrat, Turks and Caicos Islands, Cayman Islands; Myanmar (Burma); North Macedonia; Eswatini; Zimbabwe; Namibia; Saint Martin (Dutch part).

PAYLAR  is acting in accordance with sanctions announced by the European Union (hereinafter – EU). Sanctions to the specified entities are applied within the limits established by the organisations announcing them.

Information on EU sanctions programs, entities subject to financial sanctions of the EU is available here: https://www.treasury.gov/ofac/downloads/sdnlist.pdf

 

Type of fee Group D Group E
Account opening one-time €299 price negotiable
Customer due diligence one-time €300 price negotiable
Monthly account maintenance monthly €49 €199
Yearly account maintenance yearly €149 €299
Internal transfer per transfer €0 €0
SEPA transfer (Out) per transfer from €10 from €15
SEPA transfer (In) per transfer from €5 from €9
Worldwide euro transfer (Out, SHA) per transfer from €20 from €30
Worldwide euro transfer (In, SHA) per transfer from €10 from €20
Currency exchange per transfer 0,5% 0,5%
Balance fee (up to 50,000.00 EUR) daily €0 €0
Balance fee (from  50,000.00 EUR to 1M EUR) daily 1%/360 1%/360
Balance fee (over 1M EUR) daily 2%/360 2%/360
Administration per request €50 €100
Inactive account maintenance monthly €50 €50
Closing of the account one-time €150 €300
Company data change per request €150 €300
Signed account statement per request €50 €100

 

USD account fees Group D Group E
Account opening one-time $0 $0
Customer due diligence one-time $0 $0
Monthly account maintenance monthly $50 $100
Yearly account maintenance yearly $100 $200
Internal transfer per transfer $0 $0
Worldwide USD transfer (Out, SHA) per transfer min $60, 0.2%, max $300 min $60, 0.3%, max $300
Worldwide USD transfer (In, SHA) per transfer $50 $50
Currency exchange (up $50,000.00) per transfer 0,5% 0,5%
Balance fee (up $50,000.00) daily $0 $0
Balance fee (from  $50,000.00 to $1 million) daily 1% 1%
Balance fee (over $1 million) daily 2% 2%
Create your business account now!

Professional account for Freelance professionals
Tarriffs for non-EEA resident freelance professionals

If you are a private businessman, we can offer you competitive tariffs for business payment services. For additional information, Please contact our support team directly and order your business account now!

Terms and definitions

Account opening fee – a fee for opening an account. Paid upon a successful account opening. The fee shall be paid to Paylar’s account once the customer due-diligence procedure is completed and is required for Paylar services further use.  

Customer due diligence fee – a one-time and non-refundable payment which must be paid towards a Paylar account eligibility check. Payment does not guarantee the establishment of any business relations. The fee is payable to your Paylar’s account after the initial registration and before the commencement of the due-diligence procedure.

Monthly account maintenance fee is automatically deducted from a client’s account for the previous month at 01:00 CET on the first calendar day of every month. If the account balance is lower than the maintenance fee, the remainder amount is deducted from the future balance. The monthly incurred fee accumulates if not paid.

Yearly account maintenance fee is automatically deducted from a client’s account for the previous year at 01:00 CET on the first calendar day of every year. If the account balance is lower than the yearly account maintenance fee, the remainder amount is deducted from the future balance. The yearly incurred fee accumulates if not paid.

Internal transfer is a free of charge fund transfer to other Paylar users accounts

SEPA transfer is a euro currency transfer to and from other accounts in the SEPA area.

SEPA Outgoing transfer fee is paid by the client in addition to the amount transferred. 

SEPA Incoming transfer fee is deducted from the client account after a SEPA payment is credited to the client’s account. 

SHA – Shared payment commission means you only pay Paylar‘s outgoing transfer charge. The intermediary banks (correspondent banks) may additionally charge their fees. The recipient will receive less than original payment amount.

International Transfer is any transfer of funds other than the Internal and SEPA transfers. 

Currency exchange fee is a fee paid by the client for any currency conversion within the Paylar payment system. 

Balance fee is paid if the account balance exceeds one million euros. The Balance fee is calculated and paid on a daily basis. The daily rate is 0,005556%, which is 2% per annum calculated using the 30/360 method.

Administration fee is deducted from the client’s account for performing various administrative tasks upon request of the client or authorized third parties, including but not limited to state and municipal authorities, courts, and bailiffs. 

Inactive account maintenance fee is deducted from the client account at the last business day of the month if the account was not accessed by the client for at least six consecutive months.

Closing account fee is deducted from the client’s account or paid separately by the client for closing the account regardless of the reason. 

Company data change fee is deducted from the client’s account or paid separately by the client if the client company information requires an amendment on the Paylar payment system. The company information includes but is not limited to: company name, registration and/or business address, general manager, board members, shareholders, the ultimate beneficial owner. 

Signed account statement fee is deducted from the client’s account or paid separately by the client upon request for a signed paper account statement sent to the client by post or courier.

Low-risk business entity is a business entity assigned to a Low-risk Group by the Paylar team at its discretion during onboarding and can be changed over the course of the business relationship. If The Paylar team decides to assign the client to a Low-risk Group, it shall inform the client using the contact details provided. 

A Medium-risk business entity is a business entity assigned to a Medium-risk Group by the Paylar team at its discretion during onboarding and can be changed over the course of the business relationship. If The Paylar team decides to assign the client to a Medium-risk Group, it shall inform the client using the contact details provided. 

High-risk business entity is a business entity assigned to a High-risk Group by the Paylar team at its discretion during onboarding and can be changed over the course of the business relationship. If The Paylar team decides to assign the client to a High-risk Group, it shall inform the client using the contact details provided. 

EU member states are: Austria Italy Belgium Latvia Bulgaria Lithuania Croatia Luxembourg Cyprus Malta Czechia Netherlands Denmark Poland Estonia Portugal Finland Romania France Slovakia Germany Slovenia Greece Spain Hungary Sweden Ireland. Clients from the United Kingdom are considered as clients from EU member – state until December 31, 2020. 

EEA – member states are EU member states plus Norway, Lichtenstein, Switzerland and Iceland. 

Paylar is a trademark registered in the name of UAB “UPLATA EU”, which is a licenced electronic money institution. 

Paylar payment system is a software owned and operated by UAB “UPLATA EU” under Paylar trademark, designed for clients to access their payment accounts, make and receive payments and other services provided therein.

 

The prices presented here are effective for all new clients from 01/11/2020.

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