In this article I will present you Paysera, the lithuanian online bank which will make more nightmares to PayPal in the near future .

What's Paysera ?

Paysera LT is a licensed electronic money institution providing online payment services globally. It has established since 2004 , and has developed Paysera system which offers simple and convenient methods to perform payments at lower rates and faster than at a bank. Due to a wide network of partners all over the world, all international payments in the system are performed at local rates. This way they cost up to 100 times less than international transfers at banks. The multi-currency Paysera account is free and offers low exchange rates. Paysera offers payment solutions for private and business clients all over the world. Payments can be collected via Paysera, different banks, bank link, payment cards, SMS and other payment systems. Paysera presents a modern approach to banking services. Registration to the system is easily performed online. Clients can also use a handy Paysera mobile wallet. It allows to make instant payments via QR codes and transfers to friends by phone numbers or e-mails.
Paysera is specialized in :
psp, e-payment, mobile payment, premium SMS, SMS payment, international payments, money transfers, payment gateway, banklink services, currency exchange, online banking, payment card.

Website www.paysera.com
Sector Banks
Headquarter Mėnulio str. 7 Vilnius, LT 04326Lituanie·
Staff 51-200 employees

Historical :

2004 :

The company under the name "Elektroniniai verslo projektai" (Electronic business projects) is opened with first 3 employees working.

2006 :

They are launching our new project in payment collection

2008 :
The company name is changed to "EVP International".

2011 :
receive the payment institution license issued by the Bank of Lithuania

2012 :
are granted the electronic money institution license by the Bank of Lithuania

2013 :
The company is growing and already counts 50 employees.

2014 :
-An office in Alytus is opened with 5 employees working.
- Project name is changed from www.mokejimai.lt to www.paysera.lt.
- An office in Kaunas is opened with 3 employees working.

2015 :
A debit payment card is issued.

2016 :
-They start providing IBAN accounts to clients
- The company name is changed to "Paysera LT"..

Now :
Paysera is providing services in 184 countries, have a network of 50 partner banks, more than 100 hard-working and talented employees and all it thanks to 300 000 clients.

How can we open a personal account?

Paysera account is free of charge and can be opened in a few minutes. By filling in the registration form and performing the identification process you will be able to use all Paysera benefits.

How can we open a business account?

Business account can be opened only by the head of a company who completes identification. The account can be easily opened by logging in to the personal account, selecting "Company account" and entering company's registration data.

How can we add funds to the account?

Funds to your Paysera account can be added from any bank in the world or by cashing in at Paysera partner POS. Having logged in to Paysera account and selected "Add funds", you have to choose the method of replenishment. Detailed instructions will be provided after selecting a specific account replenishment method.

How can we transfer money to banks and other payment systems?

Transfers from Paysera account to other banks are performed just like at banks. You have to fill in the recipient data, indicate the account number and purpose/details. In order to transfer money from Paysera to other payment systems, you will have to indicate the client number in the system or other data in dependence on the payment system.

How much can we save by using Paysera?

Commercial banks and other financial institutions charge several times bigger commission fees than Paysera. Some services are even free at Paysera, whereas other financial institution charge money for them.

How much do 10 transfers in EUR ?

Transfers at banks to European countries where the national currency is EUR cost on average about 0,15 EUR. Compare prices for 10 transfers in EUR from certain banks, when the transfer type is SEPA.

Transfers to countries where the national currency is not EUR may cost from 1 EUR to even 100 EUR. Compare prices for 10 transfers in EUR to other countries from certain banks.

Where should I exchange money when performing a transfer?

You would like to transfer 1000 USD to the recipient who has a bank account at a bank in the EU. The recipient would like to receive money in EUR.

You would like to transfer 1000 GBP to the recipient who has a bank account at a bank in the EU. The recipient would like to receive money in EUR.

You would like to transfer 1000 PLN to the recipient who has a bank account at a bank in the EU. The recipient would like to receive money in EUR.

You would like to transfer 1000 EUR to the recipient who has a bank account at a US bank. The recipient would like to receive money in USD.

Highest-level Security

Round the clock monitoring

Paysera uses a variety of systems which help to monitor both operation of the system itself and operations performed by clients.

Data are encrypted

Client's communication channel with Paysera is coded, so that no one could intercept transferred data. Client's login and other data is stored separately from Paysera system.

Periodical scanning and audit

Periodically, Paysera system is scanned using most advanced instruments, while the programming code is checked with the help of external safety specialists.

Additional safety instrument

You also can contribute to safety of your account. You can easily set several safety measures for login to the system and execution of transfers.

Buyer identification

When purchasing at e-shops labelled with "Verified by VISA", each online purchase is confirmed additionally. This way, the system identifies the buyer and confirms that s/he is authorized to use the payment card.

Compliance with VISA safety requirements

Paysera VISA payment card complies with the highest safety requirements. The card is protected with the "3-D Secure" (Verified by VISA) technology which makes online purchases even safer.

Benefits & possibilities

Free account

Having opened a free Paysera account, you can fast and easily manage everyday financial operations. You will be able to set limits and authorize other persons to manage the account free of charge.

Free transfers between Paysera users

Transfers between Paysera users are free of charge. It is the easiest way to transfer money, as you can indicate only the email address, phone number or Paysera account number of the recipient. Money reaches the recipient immediately.

Currency rates and exchange

Use favorable exchange rates and convert currency on Paysera account. On your Paysera account you can keep money in different currencies and use them to perform international transfers or settle online.

Transfer around the world

Cheap transfers to banks in your country and international Webmoney and Payza systems. Transfers to more than 10 000 banks, in more than 180 countries around the world at a very attractive price. Usually money reaches a recipient within 30 minutes.

Payment at e-shops

More than 5000 e-shops with Paysera Checkout payment method installed. Choose this payment method to pay faster and also get a chargeback of up to 1% from the purchase.

For accountants

Move payment templates from another bank within several minutes. Perform automated mass payments, generate detailed reports and export data for accounting.

Debit card

The Paysera contactless payment card allows to settle in all electronic and physical shops or withdraw funds at ATMs, where VISA cards are acceptable. You can order a payment card by signing in to your account or read more.

Paysera payment card

A contactless Paysera payment card allows you to pay in all electronic and physical stores that serve VISA payment cards

Benefits & possibilities

Secure online shopping

The Paysera payment card is protected by 3D Secure technology, which gives the card holder free additional protection when paying online. 3D Secure helps protect you from unauthorized card transactions, as each online purchase must be verified additionally.

Quick payments in stores

When you pay a small amount at points of sale that have NFC card readers, you no longer need to enter a PIN, just place the card next to the reader.

Cash operations and currencies

The main currency of the card is euro, but there is also a possibility to make payments or cash out in other currencies. Cash withdrawals are possible at all ATMs which service VISA payment cards.
Fees for cash operations can be found here.

Separate IBAN account for card

When issuing a Paysera card, an additional, billing-only account is opened. It is separated from the main Paysera account, so it's convenient to control your funds and keep it safe for card payments only.

Monitor your money flows on the phone

With Paysera mobile application you can see the balance on your main and card accounts and form statements. Perform transfers to banks or make instant money transfers between Paysera accounts free of any charges or limits.

Card ordering
Order the card by logging into your account

Paysera vs PayPal

Alternative to PayPal

One more reason of why PayPal is not that popular in Europe is that this market offers a growing number of alternatives to PayPal.
There are plenty of various payments systems all around the world which, like, for example, Paysera, offer not only a wider spectrum of services, but also lower prices.
Paysera offers its clients a variety of different payment collection methods – from Paysera bank link, which costs less than bank transfers, to payments via SMS messages. Meanwhile, PayPal users do not have any other choice – they can collect payments and pay only via the PayPal system itself.
The advantage of the systems like Paysera is that they gradually penetrate into various markets by offering payment methods which are usual and most convenient to local users. Also, such companies service clients in their native language, which makes them even more attractive than PayPal.