Edited by Alexander Malygin

•

Updated on: 25 May, 2022

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UAB SatchelPay

high

Mobile friendly

Trustpilot Rating

Reviews 3

Great

(3.9)

Editor’s review

Great

(4)

Entity type

Electronic Money Institution

Client type

Personal/Business

License

LB000448

Country

Lithuania

Year

"2018"

Employee Count

11-50

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Services

Agreggated Account Multi-currency Account SEPA Transactions SWIFT Transactions API integration B2C Accounts C2B Accounts Card Programs Debit cards Debit cards (virtual)Prepaid cards White label Dedicated SWIFT IBAN Two-Factor Authentication (2FA)Legal Advisory Crypto-friendly Account

Total Score

Editor’s review

Great

(4)

Pricing of the services

Social media presence

Popularity of the service

Onboarding difficulty

Support quality

About UAB SatchelPay

UAB SatchelPay is an electronic money institution focused on facilitating global payment transactions. UAB SatchelPay offers virtual personal IBAN accounts, virtual business IBAN accounts, merchant accounts with IBAN, physical prepaid cards, virtual prepaid cards, currency exchange, international payments, software development, white-label solutions, white-label card issuing to private individuals, international businesses, financial institutions, online merchants, legal entities, entrepreneurs.

Pricing

Setup Fee

375-1225 EUR

Monthly Maintenance Fee

35-50 EUR

SEPA Incoming

0 EUR

SEPA Outgoing

3 EUR

SWIFT Incoming

10-100 EUR

SWIFT Outgoing

15-350 EUR

FX Fee

Currency

EUR
(Euro)
USD
(United States dollar)
AUD
(Australian dollar)
GBP
(British pound)
BHD
(Bahraini dinar)
INR
(Indian rupee)
NOK
(Norwegian krone)
SGD
(Singapore dollar)
BGN
(Bulgarian lev)
CAD
(Canadian dollar)
CNY
(Chinese yuan)
NZD
(New Zealand dollar)
HRK
(Croatian kuna)
CZK
(Czech koruna)
DKK
(Danish krone)
HKD
(Hong Kong dollar)
HUF
(Hungarian forint)
IDR
(Indonesian rupiah)
ILS
(Israeli new sheqel)
JPY
(Japanese yen)
KES
(Kenyan shilling)
KWD
(Kuwaiti dinar)
ZAR
(South African rand)
CHF
(Swiss franc)
MYR
(Malaysian ringgit)
MXN
(Mexican peso)
OMR
(Omani rial)
PHP
(Philippine peso)
PLN
(Polish złoty)
QAR
(Qatari riyal)
RON
(Romanian leu)
RUB
(Russian ruble)
SAR
(Saudi riyal)
SEK
(Swedish krona)
THB
(Thai baht)
TRY
(Turkish lira)
UGX
(Ugandan shilling)
AED
(United Arab Emirates dirham)

Additional Requirements

Documents needed: 1. Application form (must be filled online).
High-quality colored scan copy of the business owner’s passport. The scan of the ID (front and back) will be accepted only for citizens or residents of the EU or the EEA.
Proof of address (any utility bill issued not earlier than 90 days prior to the application form submission)/ bank reference letter/ bank statement translated into English or Lithuanian.
Detailed business description: Source of funds; Website; The nature of incoming and outgoing transfers; Which countries are you going to work with? Marketing materials ( business cards, brochures, presentations etc.).
Corporate documents: Certificate of Incorporation; Memorandum and Articles of Association; Appointment of directors and shareholders; Certificate of Good Standing/Incumbency (for companies older than 1 year); Any other relevant corporate documents depending on the country of registration.
Supporting documents on clients/suppliers (invoices, contracts, draft contracts).
Documents with supporting information about initial funding (if the first transfer has been made from a bank, a bank statement is needed; if first transfer has been made from a partner, an invoice or a contract is needed).
Verification through the Onfido solution.

Additional Information

SWIFT transactions in 38 currencies
Banking as a service
Software as a service
White label cards
Fintech Consulting

Restricted industries

Adult Charitites & Non-profits Unlicensed Forex Unlicensed Gambling Unlicensed Pharmaceuticals Counterfeit Goods Arms Chemicals Tobacco Radioactive Materials Commercial Logging Mining Fur Trade Diamond Trading Collector's Items Cash Pooling Structure Bearer Shares Jewel Trading Derivative Trading

Restricted countries

AFG
(Afghanistan)
ASM
(American Samoa)
AGO
(Angola)
AIA
(Anguilla)
BHS
(Bahamas)
BGD
(Bangladesh)
BRB
(Barbados)
BEN
(Benin)
BOL
(Bolivia)
BWA
(Botswana)
IOT
(British Indian Ocean Territory)
UMI
(United States Minor Outlying Islands)
VIR
(Virgin Islands (U.S.))
BRN
(Brunei Darussalam)
BFA
(Burkina Faso)
BDI
(Burundi)
KHM
(Cambodia)
CMR
(Cameroon)
CPV
(Cabo Verde)
CYM
(Cayman Islands)
CAF
(Central African Republic)
TCD
(Chad)
CXR
(Christmas Island)
CCK
(Cocos (Keeling) Islands)
COM
(Comoros)
COG
(Congo)
COD
(Congo)
ERI
(Eritrea)
ETH
(Ethiopia)
FJI
(Fiji)
ATF
(French Southern Territories)
GAB
(Gabon)
GMB
(Gambia)
GHA
(Ghana)
GUM
(Guam)
GIN
(Guinea)
GNB
(Guinea-Bissau)
GUY
(Guyana)
HTI
(Haiti)
HMD
(Heard Island and McDonald Islands)
HND
(Honduras)
CIV
(Côte d'Ivoire)
IRN
(Iran)
IRQ
(Iraq)
JAM
(Jamaica)
KIR
(Kiribati)
KGZ
(Kyrgyzstan)
LAO
(Lao People's Democratic Republic)
LBN
(Lebanon)
LSO
(Lesotho)
LBR
(Liberia)
LBY
(Libya)
MDG
(Madagascar)
MWI
(Malawi)
MDV
(Maldives)
MLI
(Mali)
MRT
(Mauritania)
MUS
(Mauritius)
FSM
(Micronesia)
MNG
(Mongolia)
MSR
(Montserrat)
MOZ
(Mozambique)
MMR
(Myanmar)
NAM
(Namibia)
NRU
(Nauru)
NCL
(New Caledonia)
NIC
(Nicaragua)
NER
(Niger)
NGA
(Nigeria)
NIU
(Niue)
NFK
(Norfolk Island)
PRK
(North Korea (DPRK))
MNP
(Northern Mariana Islands)
PAK
(Pakistan)
PLW
(Palau)
PSE
(Palestine, State of)
PAN
(Panama)
PNG
(Papua New Guinea)
PCN
(Pitcairn)
KOS
(Republic of Kosovo)
RWA
(Rwanda)
BLM
(Saint Barthélemy)
SHN
(Saint Helena, Ascension and Tristan da Cunha)
SPM
(Saint Pierre and Miquelon)
WSM
(Samoa)
STP
(Sao Tome and Principe)
SEN
(Senegal)
SLE
(Sierra Leone)
SOM
(Somalia)
SGS
(South Georgia and the South Sandwich Islands)
SSD
(South Sudan)
LKA
(Sri Lanka)
SDN
(Sudan)
SJM
(Svalbard and Jan Mayen)
SWZ
(Swaziland)
SYR
(Syrian Arab Republic)
TJK
(Tajikistan)
TZA
(Tanzania)
TLS
(Timor-Leste)
TGO
(Togo)
TKL
(Tokelau)
TON
(Tonga)
TTO
(Trinidad and Tobago)
TKM
(Turkmenistan)
TCA
(Turks and Caicos Islands)
TUV
(Tuvalu)
UGA
(Uganda)
VUT
(Vanuatu)
VEN
(Venezuela)
WLF
(Wallis and Futuna)
ESH
(Western Sahara)
YEM
(Yemen)
ZMB
(Zambia)
ZWE
(Zimbabwe)

Trustpilot reviews

Emmanuel Durieux

May 10, 2022

very fast

very fast, very nice awesome communication. thanks Satchel

Tavas

Jan 30, 2020

This has finally happened

happy to see you bank in game

Mercader jacqueline

Jan 4, 2020

Merci a vous pour les services de…

Merci a vous pour les services de qualiter

Finscanner is an independent digital platform aiming to provide up-to-date access to worldwide financial services to improve customer experience and boost transactions.

On this page, you can see a detailed review of UAB SatchelPay Payment systems with reviews from real users and our experts. UAB SatchelPay provides the following services: Agreggated Account, Multi-currency Account, SEPA Transactions, SWIFT Transactions, API integration, B2C Accounts, C2B Accounts, Card Programs, Debit cards, Debit cards (virtual), Prepaid cards, White label, Dedicated SWIFT IBAN, Two-Factor Authentication (2FA), Legal Advisory, Crypto-friendly Account.

At the moment, UAB SatchelPay rating on Finscanner is 4 and on Trustpilot is 3.9.

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