נקודות מפתח
- PayDo is a payments company that serves individuals and businesses.
- It aims to solve payment fragmentation with comprehensive services, including multi-currency IBANs, payment cards, and checkout tools.
- In our view, PayDo has certain weaknesses, including sizable monthly fees for business accounts (100 EUR) and variable merchant fees.
- At Payset, we aim to compete on affordability and access alike.
PayDo is a comprehensive payment service aimed at individual and business users, operating with the tagline “Online Payment Solutions in One Platform.”
Founder and CEO Serhii Zakharov launched the company around 2017, intending to address payment fragmentation, or the need to use multiple services.
Zakharov’s experience extends beyond PayDo. He became one of the youngest fintech CEOs at 25, and apart from PayDo, he’s the founder and executive at other technology firms, including WhiteTech, KYCB, and OwnCompare.
That background makes PayDo a youth‑driven, tech‑native payments option — but is it right for you? Let’s take a closer look at the company’s offerings.
Why Choose PayDo?
PayDo began with one focused offering, a digital wallet, but soon branched out to offer business-to-business (B2B) and business-to-consumer (B2C) services.
Today, its product line includes personal accounts, business accounts, merchant accounts (i.e. checkout tools), mass payment tools, and corporate payment cards.
The company says that it is set apart from traditional banks because it offers digital-first solutions, including neo-banking, international money transfers, merchant services, and mass payments, all in one platform.
PayDo appears to have a strong user base: on-site statistics say it covers 100 business customers, 150 countries, and over 50,000 regular payers.
That makes it a strong payment option, especially for business users. But it’s important to take into account whether its services meet your needs.
Core Products and Offerings
PayDo offers various services and features, including:
- Global service coverage: PayDo supports payments in over 150 countries and serves a wide range of regions, except prohibited jurisdictions, which include some restrictions in the United States.
- Multi-currency IBAN accounts: PayDo offers multi-currency IBAN accounts with international and local account details, supporting 19 to 35 currencies or more across nine different payment schemes.
- Payment schemes: PayDo supports cross-border payments, SEPA and SEPA Instant, TARGET 2, Fedwire, FPS, BACS, CHAPS, and Kronos2.
- Payment cards: PayDo offers Visa-powered payment cards for businesses and individuals, including physical and virtual cards, plus support for ATM withdrawals and integration with Apple Pay and Google Pay.
- Checkout: PayDo provides an online checkout platform for merchants, tied closely to its multi-currency account infrastructure.
- Personal accounts: PayDo offers individual accounts that may vary from the above in fees, regions, payment schemes, and supported currencies.
Pricing and Fees
PayDo has multiple pricing models and displays its minimum pricing on-site. As of March 2026, the minimum fees are as follows:
חשבונות עסקיים
- Opening: Free setup and 100 EUR monthly maintenance fee
- Incoming bank transfers: 0.1% plus flat fees; varies by method
- Outgoing bank transfers: 0.1-0.2% plus flat fees; varies by method
- Currency conversion fees: 1%
- Transfers from other PayDo accounts: חינם
- Transfers to other PayDo accounts: 0.1% + 1 EUR
- Other card fees and checkout pricing
חשבונות אישיים
- Free transfers to and from PayDo users
- Opening: Free opening and no monthly IBAN fee
- Incoming transfers: Free on non-card payment methods
- Outgoing transactions: 0.1-0.5%; varies by method
- Incoming/outgoing transfers via Visa/Mastercard: 3.4%+0.2 EUR
- Currency conversion fees: 1%
Target Audiences
PayDo targets several sectors with its payment solutions. Below, we’ll look at key features and case studies across a few of those industries.
IT & Software
PayDo says that IT companies can benefit from its offerings, highlighting its use in contractor settlements and team payouts, secure payments, and online billing.
One recent case study features Payperless, a digital finance hub linking cryptocurrency and traditional finance. By adopting PayDo, Payperless has reportedly improved operational efficiency through automation, created a smoother user experience, and scaled up its compliance capabilities.
iGaming and Gambling
PayDo also caters to the iGaming sector, emphasizing settlements and momentary payouts, chargeback prevention, and rolling reserves.
Recent case studies include uPlatform, SOFTSWISS, ו Melbet. These iGaming companies have variously claimed improvements in transaction speed, better user experience, and greater system stability.
Marketplaces and E-commerce
For marketplaces and e-commerce, PayDo advertises a comprehensive merchant solution with checkout tools and mass payment features.
One case study is Difmark, a marketplace for game keys, gift cards, and software licenses. Thanks to PayDo, Difmark now supports 350 payment methods, offers real-time currency conversion, and reports more completed transactions.
Other Industries
PayDo also caters to numerous other industries, including affiliate marketers, advertising agencies,forex, imports and exports, holding companies, professional services, legal consultants, and others listed on its website.
Compliance and Supported Countries
PayDo is regulated in three locations: the UK, Canada, and Malta.
That includes authorisation under the United Kingdom’s Financial Conduct Authority (FCA) as an Electronic Money Institution (EMI) and registration with Canada’s FINTRAC as a Money Services Business (MSB).
The company also serves clients in many other jurisdictions globally, with the exception of several prohibited jurisdictions.
PayDo by default excludes the US and Taiwan as supported locations for company incorporation and Ultimate Beneficial Owner (UBOs), but supports sending and collecting bank transfers to and from both countries.
User Deposit Protections
Like most Electronic Money Institutions (EMIs), PayDo does not insure user funds through the UK’s Financial Services Compensation Scheme (FSCS).
Instead, it safeguards users’ funds in compliance with FCA regulations for EMIs. This means that user funds are held in segregated accounts at authorised credit institutions, separate from PayDo’s own funds. The company says it provides real-time protection and that it checks balances on a daily basis.
What Are PayDo’s Biggest Limitations?
Paydo is a strong option, but we see several potential weak points.
- Geographic limitations: Though widely available, we consider PayDo’s US limitations and list of prohibited countries a shortcoming.
- Businesses pay sizable monthly fees: Businesses pay a 100 EUR monthly maintenance fee, while personal accounts have zero monthly fees.
- Prices may be higher than stated: PayDo’s pricing page generally displays minimum pricing — requiring potential customers to input their industry, country, and other details for more precise rates.
- Significant onboarding times: Though faster than traditional bank onboarding, PayDo onboarding may take 3 to 5 business days.
- Unclear mobile support: PayDo does not advertise a mobile app, though third-party reviews suggest its web app works on mobile devices.
- Moderate industry restrictions: PayDo names several prohibited activities, including certain financial activities, high-value goods, regulated substances, and adult entertainment — but it has a crypto-friendly stance.
How Does PayDo Compare to Payset?
| Personal accounts: No monthly fees as of April 2026 (*may be a limited-time offer) | PayDo |
| Web access and an upcoming mobile app | Web and mobile access |
| Business accounts: No monthly fees as of April 2026 (*may be a limited time offer) | Business accounts: 100 EUR monthly |
| Personal accounts: No monthly fees as of April 2026 (*may be a limited time offer) | Personal accounts: No monthly fees |
| Free sign-up | Free sign-up |
| Transact in 180+ countries and operate from 70+ countries | Transact in 150 countries and operate from non-prohibited countries |
| Hold, send, and receive 34+ currencies | Supports 19 to 35 currencies (or more) |
| Payment cards coming in 2026 | Payment cards available |
| Bulk payments (see details) | Bulk payments advertised in some cases |
| Team management (see details) | Team management |
| No transfer limits once compliance requirements are met (see details) | PayDo may determine payment and withdrawal limits, per terms of service |
| Regulated in the UK as an EMI and able to serve customers in other regions | Regulated in UK as EMI; licensed in Canada as MSB; Malta licensing |
| 1-3 business day onboarding | 3-5 business day onboarding |
| UK safeguarding policy | UK safeguarding policy |
| Friendly to crypto and many other sectors; mainly prohibits adult content and illegal activity | Crypto-friendly, with moderate industry restrictions elsewhere |
The Bottom Line
PayDo is a strong choice for users who need a complete payment service, especially if you fall within its key service areas and target industries.
However, we see certain weaknesses — especially its monthly maintenance fees for businesses ו potential variations in other pricing.
At Payset, we aim to provide competitive and affordable cross-border payment services. Business users and personal users can get zero sign-up fees and free monthly rates for a limited time. That makes us a highly affordable choice.
With Payset, you’ll also get access from 70+ countries, the ability to transact in 180+ countries and 34+ currencies, and a built-in FX exchange.
הרשמה for a Payset account today — it’s free to get started.
Disclaimer: Pricing, features, and details on this page are based on competing websites at the time of writing (April 2026). Details may change over time, vary by region, and do not cover all service options offered by competitors. Users should verify details with competitors. Payset does not endorse or represent any competitor, nor have competitors endorsed the above content. Payset and related parties disclaim liability for any errors or actions taken based on this content. Information is for general purposes only and offered at the user’s own risk.
