Satchel
Neobank
Payment Processing
BaaS
Business
Merchant
Personal
Multi-currency
Virtual Card
Prepaid Card
SWIFT
SEPA
IBAN
Investing/Trading
Referral program
Mobile Apps

Satchel is an electronic money institution focused on facilitating global payment transactions. It offers virtual personal IBAN accounts, virtual business IBAN accounts, merchant accounts with IBAN, physical prepaid cards, virtual prepaid cards, currency exchange, international payments, software development, white-label solutions and more.

Services

  • Personal IBAN

  • Affiliate program

  • Cashback

  • SEPA

  • Loyalty program

  • Insurance

  • Multicurrency account

  • SWIFT

  • Card

  • Crypto

Details

Details
Founded:

2017

Has mobile app:

Yes

Has web version:

Yes

Has apple pay:

No

Has google pay:

No

Contacts:
Languages:

English, Lithuanian, Italian, Ukrainian

Emi type:

Neobank/ Payment processing/ Baas/ Saas

Licenses:

EMI

Main info

Main info
Has budget planner:

No

Has bill split:

No

Has IBAN:

Yes

Has SEPA:

Yes

Has SEPA Instant:

Yes

Has SWIFT:

Yes

Virtual card service fee:

1 EUR

Electronic payment methods and fees:

SEPA, SWIFT, IBAN

Main service fee text:

1 EUR

Account opening fee:

0 EUR
Additional account: 5 EUR

Deposit fee:

SEPA incoming transfer: Free
SWIFT incoming transfer: 0.2% min 10 EUR, max 100 EUR

Withdrawal fee:

SEPA outgoing transfer: 3 EUR
SWIFT outgoing transfer: 0.5% min 15 EUR, max 350 EUR

P2P fee:

0%

Main currency:

EUR

Number of currencies:

37

Conversion fee:

Depends on the account’s type

Other currencies:

GBP, NZD, AED, AUD, BGN, CAD, CHF, CZK, DKK, HKD, HRK, HUF, ILS, INR, JPY, KWD, MYR, NOK, OMR, PLN, QAR, RON, SAR, SEK, SGD, THB, TRY, USD, ZAR, CNY, MXN, IDR, KES, PHP, UGX, BHD

Cashback:

Coming soon

Referral program:

Integrate our cutting-edge solutions into your existing product line, and get commissions for every client you refer to Satchel.

Card

Money transfer

Business account

Merchant

Card
Has card:

Yes

Has virtual card:

Yes

More info:

Tariffs for EU and UK ( Please, note that final tariffs for non EU and Ukraine may be different)

Service fee:
Regular Spender: 1 EUR
Active Spender / Traveler: 6 EUR

Ecommerce purchases (domestic):
Regular Spender: 0.3% + 0.15 EUR
Active Spender / Traveler: 0.25% + 0.15 EUR

Ecommerce purchases (international):
Regular Spender: 1.5% + 0.15 EUR
Active Spender / Traveler: 1.1% + 0.15 EUR

ATM/POS Foreign Exchange: 1%

Payment card type:

Prepaid

Card provider:

Mastercard

Virtual card pricing:

0 EUR

Virtual card service fee:

1 EUR

Issuing fee:

Regular Spender: 4 EUR
Active Spender / Traveler: 6 EUR

ATM withdrawal fee:

Domestic:
Regular Spender: 1,35 EUR
Active Spender / Traveler: 1,25 EUR

International:
Regular Spender: 1.5% + 1.5 EUR
Active Spender / Traveler: 1.3% + 1.5 EUR

Card limits:

ATM: 500 EUR/transaction
Ecommerce: 2500-5000 EUR/ transaction
Purchases: 2500-2000 EUR/ transaction

Number of virtual cards:

2

Money transfer
Money transfer speed:

Depends on client and case

Business account
Business account has IBAN:

Yes

Business account has SEPA:

Yes

Business account has SWIFT:

Yes

Business account has business card:

Yes

Business account service fee:

Freelancer account: 5 EUR
Business account: 35 EUR

Business account P2P fee:

0%

Business account opening fee:

Freelancer account: 50 EUR
Additional account: 5 EUR
Business account: 375 EUR
Additional account: 50 EUR

Business account deposit methods & fees:

Freelancer account:
SEPA incoming transfer: Free
SWIFT incoming transfer: 0.2% min 10 EUR, max 100 EUR

Business account:
SEPA incoming transfer: Free
SWIFT incoming transfer: 0.2% min 10 EUR, max 100 EUR

Business account withdrawal methods & fees:

Freelancer account:
SEPA outgoing transfer: 3 EUR
SWIFT outgoing transfer: 0.5% min 15 EUR, max 350 EUR

Business account:
SEPA outgoing transfer: 3 EUR
SWIFT outgoing transfer: 0.5% min 15 EUR, max 350 EUR

Merchant
Has m-Pos payment services:

Yes

Has MO/TO services:

Yes

Has email invoicing:

Yes

Merchant account opening fee:

Depends on the client's risk type

Merchant service fee:

Depends on the client's risk type

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