Paysera Conto Paysera
A plan byPaysera · Visa
Paysera is a Lithuanian electronic money institution (Bank of Lithuania licence) offering a multi-currency account with a free Lithuanian IBAN, fee-free SEPA and SEPA Instant transfers and a Visa card at a near-symbolic fee. It is designed as a very low-cost back-up IBAN for holding and converting several currencies: FX is among the cheapest in the segment (0.10 EUR + 0.70% on EU purchases). The limit is not price but protection: funds have no bank deposit guarantee, only safeguarding of segregated funds.
Conto Paysera
- Price
- Free
- Issuance fee
- Free
- FX markup
- 0.7%
- Cashback
- 0%
- Cashback currency
- Nessuno
- Required staking
- Nessuno
- ATM fee
- 1%
- ATM limit
- Prelievi ATM: 1 € nell'eurozona UE; 1 € + 1,80% fuori eurozona/altra valuta; 1,50 € + 1,80% fuori UE
- Net annual cost
- Free
What's included
- Free LT IBAN and multi-currency account
- 30 free SEPA / SEPA Instant transfers/month
- Physical and digital Visa card (~0.45–1 EUR/month, verify)
- FX 0.10 EUR + 0.70% (EU) / + 1.20% (non-EU)
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Account fee | Free |
|---|---|
| IBAN | dedicato · LT · LT |
| Deposit guarantee | None (e-money account) |
| Multi-currency | Yes · 20 currencies |
| Outbound transfers to third-party IBANs | Yes |
| Utility direct billing | No |
| SEPA direct debit (SDD) | No |
| SEPA transfer | Free |
| Card included | Carta Visa opzionale a canone ridotto |
| Network | Visa |
| ATM withdrawal | 1% |
| Free ATM limit | EUR 1 in the EU eurozone; EUR 1 + 1.80% outside the eurozone; EUR 1.50 + 1.80% outside the EU |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA · 1+ countries |
| Regulator | Bank of Lithuania |
| OAM Italy registration | No |
| Segment | B2C |
| Funding / solidity | Lithuanian electronic money institution · multi-currency account with LT IBAN |
| MiCA / License status | Istituto di moneta elettronica (IMEL) — Bank of Lithuania Lithuanian EMI (Bank of Lithuania) |
Strengths
- Multi-currency account with a free Lithuanian IBAN and no-cost online opening
- Free SEPA and SEPA Instant transfers (30/month included) and cheap FX (0.10 EUR + 0.70% on EU purchases)
- Low-fee Visa card (about 0.45–1 EUR/month, check the tariff) physical and digital
- No notable sovereignty advantage documented.
Weaknesses
- No deposit guarantee: only safeguarding (segregated funds), no FITD or protection up to EUR 100,000
- Foreign (LT) IBAN: possible friction on salary credits, direct debits and Italian utility billing
- No local commercial presence in Italy; support and contracts not tailored to the IT market
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Lithuanian EMI (Bank of Lithuania)): reporting to authorities and freezes on order.
Verdict
The B rating reflects an excellent cost-critical profile but weak protection. On cost Paysera is hard to beat: free LT IBAN, multi-currency account, fee-free SEPA and SEPA Instant, cheap FX and a near-symbolic Visa card fee. The brake is protection: as an EMI, funds enjoy no deposit guarantee (no FITD, no EUR 100,000 cover) but only safeguarding, and the foreign IBAN can create friction on Italian salaries and direct debits. Great as a secondary account and multi-currency back-up IBAN, not as a primary deposit.
Paysera stays custodial with full KYC: funds are held by the institution, every operation is tracked and the account can be frozen or closed on court order or for AML, like any European EMI. Safeguarding protects against issuer failure but grants no sovereignty over funds: no self-custody, no permissionless use. The Lithuanian jurisdiction and EU supervision are guarantees of compliance, not of autonomy.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is Paysera a bank?
No: it is a Lithuanian electronic money institution (EMI) supervised by the Bank of Lithuania. It is not a bank and balances are not covered by a deposit guarantee, only by safeguarding (funds kept segregated at third-party banks).
How much does the Paysera Visa card cost?
The account and the LT IBAN are free. The Visa card carries a low fee (quoted around 0.45–1 EUR/month for the first card depending on the tariff): check the current price on the official fee page before signing up.
Are SEPA transfers free?
Yes: Paysera includes 30 free SEPA or SEPA Instant transfers per month for private clients. FX on purchases is among the cheapest (0.10 EUR + 0.70% in the EU, 0.10 EUR + 1.20% outside the EU).
Sources
- Official service page Emissione Data verified on Jul 12, 2026
- lb.lt Data verified on Jul 12, 2026