Countingup vs Paynetics

Bottom line, net annual cost favours Paynetics (€0), while Countingup comes to €36. For spending abroad FX markup matters, and Paynetics does better (0% vs 3%). In our editorial rating Paynetics leads (4.4 vs 3.9). Neither wins across the board: weigh the points above against your use case before choosing between Countingup and Paynetics.

Countingup Paynetics
Tier B A
Rating ★ 3.9 ★ 4.4
Estimated net annual cost €36 €0
Account fee €3 Free
IBAN dedicato · GB condiviso · BG, UK
Multi-currency No (single currency) Yes · 5 currencies
Outbound transfers to third-party IBANs No No
Utility direct billing No No
SEPA direct debit (SDD) No No
On-chain crypto withdrawal No No
ATM withdrawal not declared not declared
Fund custody Custodial (platform holds funds) Custodial (platform holds funds)
KYC Full Full
Supported countries UK · 1+ countries EEA, UK · 31+ countries
Regulator FCA BNB (Bulgaria) + FCA (UK)
OAM Italy registration No No
SEPA transfer — Free
Interest on balance — 0%
Segment — B2B
Regions UK EU/EEA, UK
Licences & safety EMI EMI
Countingup 3.9/5 · Tier B
Numbers Open ↗
Paynetics 4.4/5 · Tier A
Numbers Open ↗

Frequently asked questions

Countingup vs Paynetics: which is better?

Bottom line, net annual cost favours Paynetics (€0), while Countingup comes to €36. For spending abroad FX markup matters, and Paynetics does better (0% vs 3%). In our editorial rating Paynetics leads (4.4 vs 3.9). Neither wins across the board: weigh the points above against your use case before choosing between Countingup and Paynetics.

Which is cheaper, Countingup or Paynetics?

On the standard spending profile Paynetics has the lowest net annual cost: €0 versus €36 for Countingup.

Is Countingup custodial or self-custody?

Countingup is custodial: funds are held by the platform, while Paynetics is custodial.

Which is better for spending abroad?

For foreign-currency spending Paynetics wins, with the lowest FX markup: 0%.