PayDo is primarily beneficial for people who want to conduct online transactions in Europe to anywhere in the world, whether they are businesses, merchants, professionals, retail shoppers, or individuals. What is PayDo? If you are looking for an easy and convenient way to send and receive money, try PayDo.
Is PayDo legit? As an established, well-funded start-up company, PayDo is FCA licensed for EMI and fully automated, so you don’t have to worry about security. Starting your business, you can rely on PayDo for SWIFT / SEPA transfers, fast card deposits, P2P payments, and currency exchange on the account at the interbank rate.
PayDo Review: IBAN Accounts
To accept multi-currency payments for your company or yourself, PayDo allows you to open and manage an IBAN completely remotely. Just fill out one form on the PayDo website, submit it, and you’re ready to go.
The advantage of PayDo is that you can use your IBAN and all of its features as a European account without having to create a legal entity in the EU. Opening a PayDo account allows you to send money and receive quickly. Secure and instant currency exchange. You can ask your business partners or family members to send you money in the necessary currency. The IBAN is used individually with your name or the name of the company you own.
Customers who need to use currencies apart from Australian Dollars but Pounds Sterling, Euros, and US Dollars can get the most out of PayDo. However, payment in US dollars can only be made at the time the payment is sent. Indeed, customers have over 200 different currencies in their personal accounts in which they can make payments. Therefore, you can exchange currencies online at the rate set by the issuing bank.
Is PayDo safe? Having an account with PayDo, you can be sure that your payments are secure and fully protected in accordance with the PCI DSS Level 1 standard. PayDo uses the Seon.io fraud prevention system to keep your deposits and purchases secure. All payments are verified using 3D-secure technology. The question of “how does PayDo work on its security?” is no longer worth it.
PayDo is fully PCI compliant and has already established itself as a safe and reliable service. If you are a business, your customers can enjoy all the benefits of fast and versatile payments. You will offer a really convenient payment method – open a bank account online. Use the Checkout payment page and accept payments with minimal risk. It can be used on various devices, the main thing is to increase the conversion.
If you are a Visa or Mastercard user, you can easily fund your account using your card. And no matter where you are, PayDo accepts cards issued by banks all over the world. PayDo offers the following prices for top-up:
- Bank transfer with SEPA or TARGET2 – 1.00 EUR
- Visa or MasterCard – 3.4% + 0.30 EUR
If the existing deposit method does not suit you, please consider alternative methods. Also you are invited to familiarize yourself with the prices for transfers:
- Sending to PayDo users – 0.5%
- Sending to Visa, MasterCard in EUR – 3.5% + 4.00 EUR
Offers loyal commissions for all types of businesses. The example above was for a low risk account. Such an account opening fee is 100.00 EUR and free maintenance.
Online Business Banking
Customers can make payments in more than 170 countries around the world. PayDo Wallet is already available to over 2,500 online merchants. Clients can use TARGET2 or SEPA/SWIFT to fund their wallets in any European country and manage them online with a single account day and night.
PayDo wallets have no hidden fees, which makes P2P transfers, deposits, and balance settlements even more pleasant and fast. Funds can be easily withdrawn from the wallet and deposited into your account in other ways than the commonly known ones. So even if you are on the trip don’t wait to be back home – open a virtual bank account Europe.