PaySera is an online money transfer service ideal for online businesses, individuals, and freelancers. It specializes in online global payments. PaySera offers multicurrency accounts, a payment gateway for online shops, a prepaid Visa debit card for daily payments, international bank transfers, SEPA Instant Transfer, IBAN number, and electronic payment services for POS. It offers both personal and business accounts.
What’s Special About PaySera
- SEPA transfers, including SEPA INSTANT, in Europe are free of charge for private clients and for business cost only 0,20 EUR.
- Contactless payment card, which can be linked to PayPal and other platforms that accept Visa.
- Real time currency exchange in 30 different currencies.
- SMS bank feature for making payments with SMS messages for small amounts of money.
- Payment gateway allowing you to accept payments in different countries and currencies by popular payment methods and free plugins for WooCommerce, Prestashop, Opencart, Magento, Shopify, Ecwid, etc.
Contents
- 1 Registering for a PaySera Account
- 2 PaySera Features
- 3 PaySera Financial Services
- 4 The PaySera Mobile App
- 5 PaySera Supported Countries
- 6 Paysera Supported Currencies
- 7 Customer Support and Reviews
- 8 PaySera Exchange Rates and PaySera Fees
- 9 PaySera Transfer Limits
- 10 Is PaySera Safe?
- 11 PaySera Alternatives
- 12 Final Thoughts on PaySera Review
Registering for a PaySera Account
To register for a PaySera account, go to their website and fill in your email address, personal password, and the type of account you want. Then, provide your name and contact details.
Verify your Identity
You will be required to verify your identity before you can use PaySera fully. You will need to confirm your email address, confirm your phone number and upload identification documents. The documents required are a proof of address document (bank statement or utility bill), mobile phone number, and a photo identification document such as a driver’s license, identity card, or passport.
PaySera Features
PaySera has the following key payment features:
- Spot Contract. A spot contract consists of a single payment from one currency to another at the currently available exchange rate.
PaySera Multi-currency Account. It allows you to send and receive funds in various currencies. If your transfers involve sending money to different countries, the PaySera multi-currency account can play the role of a foreign bank account.
Recurring payment. Recurring payments help you send money to the same recipient on a regular basis. With recurring payments, future payments are direct debited automatically, saving on time.
PaySera Financial Services
PaySera offers a wide range of electronic money services including the following:
PaySera Bank Account
PaySera offers its clients bank accounts within the SEPA system that have an IBAN number. You can use the PaySera bank account to make transfers to other EU countries free of charge. You will also get a PaySera multi-currency account with which you can receive many global currencies within your account.
PaySera Money Transfers
The types of transfers you can make with PaySera are bank transfers (SWIFT or SEPA), international transfers, mobile money transfers, and WebMoney transfers (only in USD and only to WMZ).
The PaySera Bank Card
The PaySera prepaid debit card allows you to make payments and withdraw money at ATMs worldwide. The card is available to users within the EEA and after making your order, it will be delivered within a month. Upon receiving your card, you will need to activate it within your PaySera account.
The PaySera Payment Gateway
The PaySera payment gateway adds to the efficiency of online businesses as it helps to process electronic payments. The PaySera payment gateway can be used with the following online shop systems: WordPress, Shopify, WIX, PrestaShop, WooCommerce, Laravel,Drupal, Magento, Joomla, Opencart, etc.
The PaySera Mobile App
The PaySera app is available for Android and iOS. You can manage your finances through the app since the e-wallet will show your account balance and payment history. You can also use the app to transfer money and manage your payment card.
PaySera Supported Countries
Customers in countries within the European Economic Area (EEA) can sign up for a PaySera account. These countries include Austria, Portugal, Lithuania, Malta, Slovakia, Cyprus, Latvia, Denmark, France, Estonia, the Netherlands, Romania, Spain, Luxembourg, Belgium, Croatia, Finland, Sweden, among others. You can make transfers worldwide, to about 184 countries.
Paysera Supported Currencies
Paysera supports 31 major currencies including GBP, USD, AUD, EUR, RON, CAD, BGN, CZK, HRK, RUB, NOK, PLN, CHF, GEL, TRY, and other major currencies.
Customer Support and Reviews
PaySera has a reliable customer support team that can be reached through PaySera phone +44 20 8099 6963 or PaySera email support@paysera.com. You can access PaySera’s site in eight languages; Lithuanian, German, Polish, Bulgarian, Latvian, Spanish, Russian, and English.
At the time of writing, PaySera had a rating of 3.6 out of 5 stars on Trustpilot. Most PaySera customers have given positive feedback concerning its services. They are satisfied with its well-designed mobile app, its convenience in managing business transfers, and how well it compares against traditional banks. The negative reviews were mainly on the fees being deducted from the account balance each month, freezing and closing of accounts without explanation, and the customer support team not being native English speakers (communication problems).
PaySera Exchange Rates and PaySera Fees
PaySera accumulates its revenue in two ways: it charges a fee for every transaction or it acquires a margin based on the exchange rate it provides to its users. PaySera fees are broken down on their website. However, the following is what you should expect:
| PaySera fee in Euros | |
|---|---|
| SEPA Transfers outside Europe | 7.00 |
| SEPA Transfers within Europe | Free for private users |
| 0.15 for business users | |
| Card issuance | 3.00 for private clients and 5.00 for business clients |
| Payment Cancellation due to user’s default | 10.00 |
| International SWIFT Transfers | Subject to a charge by the banks involved |
| ATM withdrawal within Europe | 1.00 |
| ATM withdrawal within Europe in other currencies other than the EUR | 1.00 +1.8% |
| ATM withdrawal outside Europe in local currencies | 1.50 +1.8% |
| Fund Deposits (Bank Transfer) |
PaySera Transfer Limits
PaySera limits depend with the type of verification you choose to undergo. If you verify your ID, you will be able to make transfers of up to €6, 990 per month. A second verification step (Skype call with a PaySera agent) will increase these limits. Your debit card can hold €10, 000 at one time (€10, 000 is also the maximum amount you can spend in a single transaction). The daily cash-out limit of PaySera’s debit card is €6oo.
Is PaySera Safe?
Yes. PaySera has a number of regulations and security features to ensure complete security of customer data and funds. It is regulated and authorized by the Bank of Lithuania to offer electronic money transfer services throughout the European Union. To protect customer funds, PaySera holds them in separate accounts and keeps them apart from the company’s operating accounts. In case the company goes bankrupt or experiences financial difficulty, customer funds will be safe. To add to its security, PaySera’s website is protected with TLS encryption which prevents sensitive data from being accessed any time you log in.
PaySera Alternatives
If PaySera does not meet your needs, the following alternatives are available for money transfer:
Final Thoughts on PaySera Review
PaySera is an ideal money transfer service for people who send and receive money internationally. While it serves individual customers, it is more suited towards business customers. PaySera’s key features such as its multi-currency accounts, spot contracts, and its prepaid debit card makes it a great option for online businesses and entrepreneurs.
