ConnectPay Review 2026: Pricing, Features, Pros & Cons, Ratings & More

ConnectPay is a licensed Electronic Money Institution (EMI) and embedded finance provider that offers IBAN accounts, digital wallets, payment rails, card issuing, merchant services, and API-based financial infrastructure for online businesses, platforms, and marketplaces.. Through a developer-first REST API, ConnectPay—designed specifically for digital platforms, marketplaces, and online enterprises—enables organizations to integrate bank-grade payments, IBAN account creation, multi-currency wallets, and card issuing directly into their applications.

ConnectPay's value proposition is primarily justified by its Dedicated Multi-Currency IBAN Issuance and Embedded Native Compliance Framework. ConnectPay does the heavy lifting for KYC (Know Your Customer), AML (Anti-Money Laundering), and multi-jurisdictional compliance, in contrast to standard payment gateways that only accept credit cards or standalone BaaS systems that impose regulatory constraints on clients. This helps digital platforms provide native banking features, such as issuing specific European IBANs and facilitating seamless, fast SEPA payouts, without having to invest millions of dollars or spend years obtaining their own financial licenses.

What’s New in ConnectPay?

ConnectPay’s current product pages emphasize embedded finance, multi-currency IBAN accounts, SEPA and SWIFT payment rails, white-label VISA debit cards, automated currency exchange, merchant services, API integrations, and built-in compliance support:

• Developer API Suite: ConnectPay’s Business APIs support use cases such as accepting payments, initiating payouts, issuing refunds, creating recurring payments, checking account balances and transaction history, making SEPA Instant, SEPA CT, SWIFT, and FX payments, and receiving transaction-status notifications via webhooks.

• Multi-Currency FX Support: ConnectPay supports currency exchange and global payments in 80+ currencies, helping platforms manage cross-border payments and currency conversion through its payment infrastructure.

• Embedded Compliance Support: ConnectPay states that compliance is embedded into its offering and that it manages KYC, AML, and multi-jurisdictional adherence related to its embedded finance solutions.

• White-Label VISA Debit Cards and Digital Wallets: ConnectPay supports white-label VISA debit cards, digital wallets, IBAN accounts, and embedded card/payment services that can be integrated into platform workflows through its financial infrastructure.

ConnectPay offers Embedded Finance by quote and Daily Banking pricing through Tree, Forest, and Jungle categories. Exact pricing is determined during onboarding based on the business model, company profile, and risk assessment.

Embedded Finance - By quote

Daily banking ++

Embedded finance

Built-in compliance

Integration via a single set of APIs

Accounts

• Business IBAN
• Personal IBAN
• Segregated IBAN

Merchant services

• Wallets
• Accept bank payments
• Accept card payments
• Recurring payments
• Refunds

Payments

• Euro-zone payments
• Cross-border payments
• Multi-currency payments
• Bulk payments
• Payouts

Cards

• Business debit cards
• Personal debit cards
• White-label debit cards
• Virtual debit cards

Daily Banking

Tree

Payments

• Euro-zone pay-in – Free
• Euro-zone pay-out  – 0.25€
• Cross-border payments (IN/OUT) – 25€
• Internal payments  – Free
• Currency exchange – 0.75%
• Minimum monthly service fee – 0€

Cards

• Issuing – Free
• Monthly fee – 2€
• Withdrawal – 2% (min 3€)

Accounts

• Application processing – Free
• Additional fee for complex entities – 100€
• Segregated account opening fee – n/a
• Maintenance – Free

Forest

Payments

• Euro-zone pay-in  – 0.04% (1 - 200€)
• Euro-zone pay-out  – 0.04% (5 - 200€)
• Cross-border payments (IN/OUT) – 0.4% (min 50€)
• Internal payments – 3€
• Currency exchange – 1%
• Minimum monthly service fee – 500€

Cards

• Issuing – 25€
• Monthly fee – 25€
• Withdrawal – 2% (min 3€)

Accounts

• Application processing – Free
• Additional fee for complex entities – 500€
• Segregated account opening fee – 500€
• Maintenance – Free

Jungle

Payments

• Euro-zone pay-in – 0.1% (min 2€)
• Euro-zone pay-out – 0.1% (min 7€)
• Cross-border payments (IN/OUT) – 1% (min 50€)
• Internal payments – 5€
• Currency exchange – 3%
• Minimum monthly service fee – 750€

Cards

• Issuing – 25€
• Monthly fee – 25€
• Withdrawal – 2% (min 3€)

Accounts

• Application processing – Free
• Additional fee for complex entities – 700€
• Segregated account opening fee – 1.000€
• Maintenance – Free

Merchant Services 

Daily banking

Accept bank payments

• From LT banks – 0.07 €
• From the rest of the world – 0.27 €

Accept card payments

• Domestic + Intra MasterCard / Visa – 1% + 0.10 €
• International MasterCard / Visa – 2.5% + 0.10 €

Cards

• Issuing – Free
• Monthly fee – 2 €
• Withdrawal – 2% (min 3 €)

Accounts

• Application processing – Free
• Additional fee for complex entities – 100€
• Maintenance – Free

Payments

• Euro-zone pay-in – Free
• Euro-zone pay-out – 0.25€
• Cross-border payments (IN/OUT) – 25€
• Internal payments – Free
• Currency exchange – 0.75%
• Minimum monthly service fee – 0€

What Sets ConnectPay Apart?

By serving as both a fully integrated compliance engine and a licensed Electronic Money Institution (EMI), ConnectPay sets itself apart from pure-play BaaS providers and conventional payment gateways like Stripe and PayPal.

At the point of sale, most payment processors focus solely on card checkout processes. Within the client's application interface, ConnectPay offers a fully embedded banking infrastructure, allowing platforms to issue branded payment cards, manage sub-wallets, process bulk vendor payouts, and create dedicated IBANs. 

Importantly, ConnectPay states that compliance is natively embedded into its embedded finance offering, with ConnectPay managing KYC, AML, and multi-jurisdictional adherence related to its solutions under its EMI framework. This may reduce the regulatory and operational burden for platforms building financial features.

• Embedded Compliance Framework: ConnectPay states that it manages KYC, AML, and compliance procedures related to its embedded finance solutions, helping platforms reduce some operational complexity when adding regulated financial features.

• Dedicated Multi-Currency IBAN Generation: Facilitates collection and multi-currency segregation by enabling digital platforms to programmatically issue distinct European IBANs to their end customers.

• Developer-Friendly OAuth 2.0 REST APIs: Enables quick and predictable technical integration with clear, well-documented REST endpoints for accounts, payments, and FX with Webhook support.

• SEPA Instant, SEPA CT, SWIFT, and FX Payment Rails: ConnectPay’s Business APIs support SEPA Instant, SEPA credit transfer, SWIFT, and currency exchange payment workflows for platform payouts and payments.

• White-Label Branded VISA Card Infrastructure: Increases brand affinity and ecosystem retention by enabling platforms to issue consumers personalized virtual or physical VISA debit cards.

• Europe-Licensed EMI Focus: ConnectPay is licensed and regulated in Lithuania as an EMI, so platforms focused only on domestic U.S. or APAC banking infrastructure should verify whether ConnectPay’s European EMI framework, payment rails, and compliance coverage fit their market requirements.

• Strict Initial Business Onboarding: Businesses in high-risk industries must submit extensive initial documentation before approval, as ConnectPay assumes compliance responsibilities.

• No Out-of-the-Box Physical POS Hardware: ConnectPay does not provide hardware for brick-and-mortar retail checkouts, as it is focused solely on digital, API-first financial infrastructure.

• API-Led Financial Infrastructure: ConnectPay is primarily built for online businesses and platforms that need payment, account, card, and embedded-finance infrastructure. Some merchant workflows can use online banking, dashboards, or plugins, but deeper embedded-finance use cases generally require technical integration.

IBAN Wallets & Accounts in Multiple Currencies

Businesses and platforms can use ConnectPay’s embedded finance and API infrastructure to offer or manage multi-currency IBAN accounts, digital wallets, and segregated account structures, depending on the selected product scope and onboarding approval. This enables digital platforms to expedite intricate account reconciliations inside a single backend, track balances in real time, and separate buyer/seller funds.

Integrated Embedded AML/KYC Compliance Engine

The payment workflow is natively connected with compliance procedures. Without interfering with the user onboarding process, ConnectPay protects platforms from financial crime through identity verification, sanction checks, and ongoing transaction monitoring.

SWIFT and SEPA Instant Payment Rails

The platform facilitates SWIFT payments and SEPA Instant Transfers, bridging domestic and international banking rails. This allows platforms to support euro-zone and international payment workflows through SEPA Instant, SEPA CT, SWIFT, and FX payments, with timing depending on the payment rail, destination, eligibility, and correspondent-bank processes.

Issuing White-Label VISA Cards

Branded real or virtual VISA debit cards linked to user account balances can be issued by platforms. By enabling platform users to spend their account funds anywhere VISA is accepted, this feature increases customer retention.

Automated Currency and FX Exchange

ConnectPay supports currency exchange and global payments in 80+ currencies, including FX payment workflows through its Payments API. To reduce the risk of exchange-rate fluctuations, platforms can automate currency conversion during cross-border payouts.

Webhook Subscriptions & Business REST APIs

ConnectPay offers endpoints for account balances, transaction histories, and immediate payment initiation. It is based on a stateless REST architecture with OAuth 2.0 security. When the payment status changes, real-time Webhooks instantly alert client platforms.

Automated Payout Engine & Recurring Payments

Businesses can use APIs to automate planned bulk payouts or intricate recurring billing arrangements. For SaaS platforms and subscription-based service providers, this feature reduces the overhead of human treasury management. 

• Increased Time-to-Market with Native Regulatory Coverage: Developing financial features internally often requires obtaining local banking licenses or spending months building legal and compliance frameworks. Because ConnectPay functions as a licensed Electronic Money Institution (EMI) with integrated KYC, AML, and transaction monitoring, platform companies can incorporate comprehensive banking features into their apps without incurring significant startup costs or regulatory overhead.

• Simplified Multi-Currency & International Payout Operations: ConnectPay offers an automated FX engine supporting more than 80 currencies, along with access to SEPA, SEPA Instant, and SWIFT payment rails. This can simplify cross-border payout and currency-exchange workflows, although exchange-rate exposure, correspondent-bank fees, and payment timing may still vary depending on the currency, rail, destination, and eligibility.

• Flexible Multi-Currency IBAN Generation & Account Isolation: Platforms can programmatically provide end users or merchants with specific European IBANs and sub-wallets using ConnectPay's API. This enables companies to maintain real-time account reconciliation without complex manual bookkeeping, automate complex split payouts, and automatically separate buyer and seller funds.

• Developer-First API Integration: With comprehensive documentation, automated token refreshes, and real-time Webhook notifications, ConnectPay's REST APIs adhere to contemporary OAuth 2.0 standards. This can help engineering teams implement account, payment, payout, FX, recurring payment, refund, and webhook workflows using ConnectPay’s documented API set.

• Branded Card Issuing for User Retention: ConnectPay assists digital platforms in building a closed-loop financial ecosystem by enabling them to issue white-label virtual and physical VISA debit cards directly linked to user account balances. Users' platform earnings can be spent anywhere VISA is accepted, increasing brand value, consumer loyalty, and engagement.

Digital marketplaces and E-commerce platforms

• Use Case: Managing buyer payment acceptance, merchant or seller payouts, wallet/account structures, and segregated-account workflows where appropriate. 
• Why it fits: ConnectPay enables markets to give individual merchants distinct IBAN sub-accounts, automating split payouts and maintaining multi-currency balances with ease. 

SaaS subscriptions software companies

• Use Case: Managing cross-border currency conversions, automated recurring billing, and international user subscriptions. 
• Why it fits: SaaS companies can bill customers in local currencies while automatically settling back into core operating accounts thanks to the automated FX engine and OAuth 2.0 API. 

iGaming and digital entertainment operators

• Use Case: Automated withdrawal payouts, quick player deposits, and stringent regulatory compliance checks. 
• Why it fits: While integrated KYC solutions ensure compliance across European jurisdictions, fast SEPA rails enable gaming sites to offer players near-instant withdrawals. 

Gig economy and freelancer networks

• Use Case: Distributing large micro-payouts to contractors in several nations. 
• Why it fits: Freelance networks can use ConnectPay’s payment and payout infrastructure to send contractor payments through supported rails, but applicable SEPA, SWIFT, FX, card, or account fees may apply depending on the pricing category and transaction type.

Top 5 Alternatives to ConnectPay

Stripe Connect

Stripe Connect is a global leader in software developer adoption, checkout user interface components, and card processing. However, Stripe primarily focuses on credit/debit merchant processing and merchant account orchestration, while ConnectPay emphasizes comprehensive European EMI banking rails and direct IBAN architecture. 

Adyen

Adyen, which combines online payment processing with global omnichannel point-of-sale hardware, is primarily designed for enterprise-level unified commerce. ConnectPay is better suited to software-first businesses that don't need physical retail terminals, as it focuses on digital platforms and incorporates BaaS infrastructure. 

Swan

Swan is a European BaaS platform specializing in basic embedded cards, accounts, and credit tools for SaaS enterprises across Europe. For high-throughput sectors such as digital platforms and iGaming, ConnectPay offers a more comprehensive multi-currency payout infrastructure and expert assistance. 

Solaris (Solarisbank)

Solaris operates as a fully licensed German bank with a digital banking license, enabling a full range of loan products and sophisticated banking models. ConnectPay is authorized to operate under an EMI license dedicated exclusively to account infrastructure, payments, FX, and electronic money. This arrangement facilitates onboarding for platforms that do not require full credit-lending capabilities. 

Wise Business

Wise Business primarily focuses on providing low-cost international treasury management and multi-currency exchange services to individual companies. ConnectPay is a developer platform intended to integrate banking infrastructure into a client's customer-facing software, rather than function solely as a corporate bank account.