Nexpay has developed from a small company to the next generation financial company supporting digital businesses throughout the globe. Being licensed in Lithuania, this payment institution provides secure solutions for funds and businesses in overall. It is a crypto-friendly institution!
- Website – paynexpay.com
- License from the Bank of Lithuania, license No 18
- Convenient online banking
- C2B and B2C solutions with powerful API
- Product integration with Nexpay account
- IBAN account and exchange
- High volume transaction
- Management of account operation from customer’s own system
Although some customers find that the onboarding process is lengthy and detailed here, this payment institution fully complies with all applicable AML and KYC procedures to ensure the safety of its business and other customers. All sign up process is conducted on paynexpay.com where customers submit information about the business and legal representatives in the form.
As a next step, customers are required to upload a clear picture of its passport or national ID card with all the visible information. Customers will also need to verify identity by taking a selfie.
The onboarding team reviews the documents and information. All information and decision on onboarding is exchanged online.
Depending on the nature of the business, the onboarding team may request additional details and documents.
With Nexpay customers can make transfers in EUR in 36 countries. Incoming and outgoing transfers in EUR are powered by SEPA that allows to make transfers without transmission delays.
Nexpay customers’ funds are secured by being kept in the European Central bank system. As a technical measures, Nexpay uses Saltedge’s Authenticator app for strong customer authentication compliance.
|Account opening||100 EUR||1,000 EUR||Free|
|Account maintenance||50 EUR/mo||150 EUR/mo||1,000 EUR/mo|
|Deposits to Globitex trading account from Nexpay||Prohibited||Free||Free|
|Withdrawals from Globitex trading account to Nexpay||Prohibited||Free||Free|
|Payments to other Nexpay accounts||Free||Free||Free|
|Payments from other Nexpay accounts||Free||Free||Free|
|Incoming payments (SEPA)||0.05% of payment amount, min. 1 EUR||0.15% of payment amount + 1.5 EUR||Free|
|Outgoing payments (SEPA)||0.05% of payment amount, min. 1 EUR||0.15% of payment amount + 1.5 EUR||Free|
|Account balance fee||0.05% per month on overnight balances charged daily, min. 0.01 EUR||0.1% per month on overnight balances charged daily, min. 0.01 EUR||Free|
|Received/sent cancellation requests/recalls processing||10% of payment amount, min. 100 EUR||10% of payment amount, min. 100 EUR||10% of payment amount, min. 100 EUR|
|Complex structure fee||1,000 EUR||1,000 EUR||1,000 EUR|
|Priority onboarding fee||1,000 EUR||1,000 EUR||1,000 EUR|
|Change of ownership processing fee||100 EUR||100 EUR||100 EUR|
|Reference letters||20-100 EUR||20-100 EUR||20-100 EUR|
|Late KYC submission fee||100 EUR per day||100 EUR per day||100 EUR per day|
Open your digital account with Nexpay here!