A list of the best European Payment Service Providers (PSPs) who specialize in opening business accounts, alternatively known as payment accounts, bank accounts or IBAN accounts. While getting an IBAN is easy for many ordinary businesses, it gets more complicated for international companies, higher-risk businesses, or companies that have specific needs. Electronic Money Institutions (EMIs) are often more suited to address the needs of such clients – that is why we focus on them.
The goal of PSP Circle is to help our visitors make an informed decision when picking a payment provider. Consequently, the list is curated and does not simply involve all companies holding a financial institution licence and opening bank accounts. Often, we couldn’t find precise data and used the best estimate to give an indication of the figure. For simplicity, £, $ and € are all considered of equal value.
We recommend you read our blog post Choosing a business bank account: your ultimate guide. If you’d like help choosing a provider, contact us for a free consultation.
Date updated: November, 2022