Payset vs 3S Money
Business Account Comparison (2026)
Whether you’re scaling internationally or managing multiple currencies, see how Payset stands out for businesses comparing 3S Money.
What matters
Multi-currency IBANs
Yes, with EUR, GBP, USD, DKK & more
Supported
Onboarding
Time
Under 48h for most businesses 100% online
Varies depending on checks
Crypto-friendly
Yes
No
Setup fees
No
Fixed cost may apply
Monthly fees
Monthly £0
Paid plans from €100/month
Local details
UK + EU Local details included
Included
Human Support
Dedicated account manager
Dedicated Relationship Manager
Payset is built with modern business needs in mind, offering features such as
with crypto support, fast onboarding, dedicated account managers, and no setup fees or monthly fees.
Send and receive international payments like a local
Send and receive payments in the local currency via domestic payment networks with a local IBAN in five key regions with our business accounts for startups.
United Kingdom
With a UK IBAN multi-currency account, you can send and receive GBP payments via the Faster Payments, CHAPS, and SWIFT networks.
USA
Send and receive instant USD payments like a US resident with a USD account and ABA routing number.
Danish IBAN
Send and receive local DKK payments and international payments in 34 currencies with a Danish IBAN.
EU IBAN
Access all the benefits of a European IBAN business account — no residency required.
Singapore
Access all the benefits of a Singapore business account — no residency required.
Hong Kong
Access all the benefits of a Hong Kong business account — no residency required.
Send, receive, and hold the following currencies with a multi-currency account from Payset.
Team management
Add any number of users to your account and set unique permissions for each.
Spending rules
Set unique transaction rules for each user based on volume or type.
Multi-signature
Assign requirements for team members to sign-off on certain transactions.
Send, receive payments to/from the following regions with a multi-currency account from Payset.
Receive instant payments from around the world like a local
Receive money
Your money protected by the laws of England and Wales
Transfer money
Estimate your FX cost
Save on instant, online currency exchange
Open a business account for startups with Payset to cut costs, simplify multi-currency payments, and access affordable currency exchange.
Tailored solutions for global success
For growing companies with a global vision. Whether you’re a solo entrepreneur or a full-fledged enterprise, Payset is your trusted partner for achieving success in global business.
SMB business accounts
A fast, reliable cross-border payment solution for SMBs that ensures every payment gets through, on time.
Say goodbye
to generic help
Knowledge
Our experts know how to move money big and small
Counselling
Get help and hints ensuring transactions are processed smoothly
Expert Advice
Make informed decisions and optimize your financial performance
Your funds are
protected 24/7
Transfer money
Leave your details
and let’s talk
What is a multi-currency IBAN account?
A Payset multi-currency account allows you to send and receive money in 34 different currencies and exchange between up to 38 currency pairs, all within the same account.
You can deposit and withdraw funds, convert currencies at competitive exchange rates, and hold your chosen currencies to capitalize on market movements.
A Payset multi-currency account allows startups and business owners to receive payments from clients virtually anywhere in the world and pay suppliers, staff, and contractors quickly and affordably in their chosen currency.
- Account holders can send and receive money with other Payset users for free.
- Payset supports various payment networks, including SWIFT, SEPA, ACH, Fedwire, Faster Payments, BACS, and CHAPS.
- Once you register an account, you will be provided with a Virtual IBAN (International Bank Account Number), which makes all of these transfers easy.
- We support local payments in key regions. For example, transactions in USD, EUR, CAD, DKK, and GBP can be processed using a local IBAN, through the local payment networks, which is cheaper and faster than international payments.
Are there limits on the amount of money I can send and receive with a multi currency IBAN?
No, there are no transaction limits on Payset multi-currency accounts.
However, higher-volume transactions may require additional anti-fraud verification. If you plan to make a large transaction, contact us in advance to avoid verification delays.
Which currencies can I send and receive in my multi currency business account?
See the full list of our currency capabilities.
How does Payset ensure the security of my multi-currency account?
Payset employs advanced security measures including encryption, two-factor authentication (2FA), and continuous monitoring to protect your funds and personal information. Additionally, all transactions are processed through secure banking networks, ensuring your multi-currency account remains safe and compliant with international financial regulations.
How do I add new currencies to my Payset account?
To add a new currency to your Payset account, simply log in to your dashboard and click on the “Add Currency” option located next to your existing currency wallets. From the dropdown menu, select the desired currency, and a new wallet for that currency will be created. You can then start sending, receiving, and exchanging funds in that currency immediately.
Do you support Danish IBAN?
We provide Danish local DKK IBANS for companies. Click the link to read more information, or simply sign up.
How fast can my business account be opened?
Most Payset accounts are approved within 1–3 business days once all documents are verified.
Priority onboarding is available for regulated or time-sensitive businesses.
What documents do I need to open a Payset business account?
Visit our easy onboarding page for full details.
Do I get local IBANs for each currency?
Yes, we provide dedicated local IBANs for major currencies like EUR, GBP, and USD, allowing you to pay and get paid like a local in key markets.
Are there any setup fees?
Opening a Payset account is free.
Transparent pricing applies only to transfers and FX conversions — with no hidden charges.
Can I make SWIFT and SEPA transfers?
Yes. You can send and receive both SWIFT (international) and SEPA (EU) payments and additional local payment routes directly from your Payset account.
Is Payset a regulated financial institution?
Absolutely. Payset is an FCA-registered Electronic Money Institution (EMI).
Client funds are held in segregated safeguarding accounts with tier-1 banking partners.
Is there a minimum deposit or balance requirement?
No, there’s no minimum balance to maintain your account.
You can fund it as needed to process payments.