ConnectPay
ConnectPay is an Electronic Money Institution offering an all-in-one financial platform for online businesses, providing IBAN accounts, payments, debit cards, and merchant services via APIs.
Account Types
Personal Plans
| Feature | ConnectPay Personal Account |
|---|---|
| Monthly Fee | Free |
| Annual Fee | - |
| Minimum Balance | - |
| Fee Currency | EUR |
| Free ATM Withdrawals | - |
| Card Type | Standard PhysicalStandard Virtual |
| Billing Model | Pay As You Go |
| Free Tier | Available Account maintenance and application processing are free. No minimum monthly commitment (MMC is 0€). Fees apply per transaction (e.g. 0.25€ pay-out, 25€ cross-border, 0.75% FX). |
| Description | Personal IBAN account for individuals. Free maintenance, pay-as-you-go transaction fees. Includes card issuance, SEPA pay-ins/pay-outs, and currency exchange. |
Business Plans
| Feature | ConnectPay Business Account |
|---|---|
| Monthly Fee | Free |
| Annual Fee | - |
| Minimum Balance | - |
| Fee Currency | EUR |
| Free ATM Withdrawals | - |
| Card Type | Standard PhysicalStandard Virtual |
| Billing Model | Pay As You Go |
| Free Tier | Available Account maintenance is free. Application processing is free (100€ additional fee for complex entities). No MMC (0€). Fees apply per transaction (0.25€ SEPA pay-out, 25€ cross-border, 0.75% FX). Segregated account opening fee is n/a. |
| Description | Business IBAN account for legal entities. Free maintenance and application processing (100€ surcharge for complex entities). Pay-as-you-go transaction fees, AML/KYC compliant. |
Visit the provider website for detailed plan comparisons and features
Business Features
ConnectPay offers a well-documented API platform (confirmed via connectpay.com/omni-channel/apis/ and dev.connectpay.com developer portal) with a single set of APIs for banking and payment integrations, including real-time data exchange, notifications, authentication/security, and a sandbox/stage environment for testing. API fee not mentioned — assumed free or contract-based. Corporate/business debit cards are confirmed: VISA debit cards (both physical and virtual), with 'limitless card issuance' explicitly stated — max_corporate_cards set to 0 (unlimited). Cards link to a single IBAN account and support global ATM withdrawals and contactless payments. Multi-user access is implied by the business card page referencing team members and clients using cards, and 'limitless card issuance for your team'. Expense management is confirmed via real-time expense oversight, real-time monitoring, and unified account structure for treasury management mentioned on the business cards page. Payment gateway is confirmed: the Accept Payments product supports merchant e-commerce checkout integration via APIs and plug-ins (WooCommerce, PrestaShop, OpenCart, Magento, Verskis.lt), supporting PIS (Payment Initiation Service via banks) and CARD (Mastercard/Visa debit/credit) payment methods, EUR currency only. Recurring/scheduled payments are confirmed via the 'Recurring payments' use case on the Accept Payments page (subscriptions). Receipt scanning not mentioned. Invoicing not mentioned. Approval/maker-checker workflows not mentioned. Bulk/batch payments not mentioned. Accounting software integrations (Xero, QuickBooks, etc.) not mentioned. Additional URL signals: /payment-gateway and /virtual-cards URLs found, further supporting payment_gateway and corporate_cards_available as true.
Fees & Limits
| Fee | Details | Amount |
|---|---|---|
| Account Fees | ||
| Minimum Monthly Commitment Fee | -Monthly | Free |
| Account Application Processing Fee | -One-time | Free |
| Account Maintenance Fee | -Monthly | Free |
| Segregated Account Opening Fee | -One-time | Free |
| Transfer Fees | ||
| Inbound Sepa Payment Fee | -Per transaction | Free |
| Outbound Sepa Payment Fee | -Per transaction | €0.25 |
| Cross Border Payment Fee | -Per transaction | €25.00 |
| Internal Transfer Fee | -Per transaction | Free |
| Card Fees | ||
| Card Issuance Fee | -One-time | Free |
| Card Monthly Fee | -Monthly | €2.00 |
| Card Atm Withdrawal Fee | -Per transaction | €3.00 + 0.02% |
| Other Fees | ||
| Currency Exchange Fee | -Per transaction | 0.01% |
| Other Fees | ||
| Complex Entity Additional Fee | -One-time | €100.00 |
Cards
Security & Compliance
Regulation
- Bank of Lithuania (Lietuvos bankas)License: LB000440. Licensed in Lithuania. Safeguarding: segregated_accounts.
- Compliance CertificationsPCI DSS
App Security
- Instant FreezeFreeze and unfreeze your card instantly from the app if lost or stolen.
- Two-Factor AuthenticationOTP via SMS, OTP via mobile app (ConnectPay App), biometric authentication
ConnectPay is an Electronic Money Institution licensed by the Bank of Lithuania (authorization code LB000440, company code 304696889). Online banking portal secured via HTTPS/TLS encryption with lock icon verification. Strong Customer Authentication (SCA) implemented via OTP through either ConnectPay mobile app or SMS; mobile app preferred over SMS. Has received regulatory sanctions: fined €110,000 in May 2020 and €98,000 in January 2026 for AML/CFT violations under Lithuanian anti-money laundering and terrorist financing prevention law. A public disclosure sanction was also issued in October 2020 for violations of the Electronic Money Institutions Act. Security guidance advises against saving credentials in browsers, avoiding public WiFi for banking, and verifying HTTPS connections. Official communication channels restricted to the online banking platform, @connectpay.com email addresses, and specific phone numbers (+370 666 44600, +356 279 22875). No explicit mentions of AES-256, PCI DSS certification, SOC 2, GDPR statement, bug bounty, or penetration testing in available page content.
Support & Platforms
Customer Support
- Phone24/7
Avg response: ~1 min
Emergency phone lines: +370 666 44600 or +356 279 22875
- Email24/7
Email support available via contact page
- Help Center24/7
FAQ help center available on site; also indicated by https://connectpay.com/support/ and docs at https://docs.connectpay.com/
- Contact Form24/7Priority
Business-oriented contact sales form for marketplaces, platforms, fintech etc. ConnectPay will reach out with a tailored solution.
Available Platforms
Eligibility
Supported Currencies
Local Account Details16 accounts
LT-prefixed dedicated IBAN issued by ConnectPay, a licensed Lithuanian EMI. Supports instant euro-zone transfers (SEPA Instant) and cross-border SWIFT. Virtual IBANs also available (pooled) for reconciliation purposes. Business and personal account tiers available. ISO/IEC 27001 and ISO 22301:2019 certified.
LT-prefixed IBAN account denominated in GBP. No UK sort code or domestic FPS/BACS/CHAPS schemes explicitly mentioned; cross-border SWIFT supported. Account held at ConnectPay (Lithuanian EMI).
LT-prefixed IBAN account denominated in USD. No US routing number or ACH scheme mentioned; SWIFT used for cross-border USD transfers. Account held at ConnectPay (Lithuanian EMI).
LT-prefixed IBAN account denominated in AUD. No BSB or NPP scheme mentioned; SWIFT used for cross-border transfers. Account held at ConnectPay (Lithuanian EMI).
LT-prefixed IBAN account denominated in CAD. No EFT scheme mentioned; SWIFT used for cross-border transfers. Account held at ConnectPay (Lithuanian EMI).
LT-prefixed IBAN account denominated in CHF. SWIFT used for cross-border transfers. Account held at ConnectPay (Lithuanian EMI).
LT-prefixed IBAN account denominated in CZK. SWIFT used for cross-border transfers. Account held at ConnectPay (Lithuanian EMI).
LT-prefixed IBAN account denominated in DKK. SWIFT used for cross-border transfers. Account held at ConnectPay (Lithuanian EMI).
LT-prefixed IBAN account denominated in HKD. SWIFT used for cross-border transfers. Account held at ConnectPay (Lithuanian EMI).
LT-prefixed IBAN account denominated in HUF. SWIFT used for cross-border transfers. Account held at ConnectPay (Lithuanian EMI).
LT-prefixed IBAN account denominated in JPY. SWIFT used for cross-border transfers. Account held at ConnectPay (Lithuanian EMI).
LT-prefixed IBAN account denominated in NOK. SWIFT used for cross-border transfers. Account held at ConnectPay (Lithuanian EMI).
LT-prefixed IBAN account denominated in PLN. SWIFT used for cross-border transfers. Account held at ConnectPay (Lithuanian EMI).
LT-prefixed IBAN account denominated in RON. SWIFT used for cross-border transfers. Account held at ConnectPay (Lithuanian EMI).
LT-prefixed IBAN account denominated in SEK. SWIFT used for cross-border transfers. Account held at ConnectPay (Lithuanian EMI).
LT-prefixed IBAN account denominated in SGD. SWIFT used for cross-border transfers. Account held at ConnectPay (Lithuanian EMI).