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Satchel

Satchel (UAB SatchelPay) is an electronic money institution licensed by the Bank of Lithuania and a principal member of Mastercard Europe. It offers business and personal accounts with multi-currency IBANs, payment cards, and SEPA and SWIFT transfers. Its Banking as a Service product gives businesses a white-label financial platform with accounts, branded cards, custom tariffs and a payment gateway for card processing, with no licence of their own required. It also offers APIs for card issuance, payment processing and a gateway to CENTROlink.

Not a merchant acquirer — no applications Visit Website
Fees from
Business account (EU): Account opening 375 EUR; Additional account opening 50 EUR; Monthly maintenance fee 35 EUR; Minimum balance 250 EUR; Incoming/outgoing internal transfer within Satchel Free; SEPA incoming transfer Free; SEPA outgoing transfer 3 EUR; SWIFT incoming transfer 0.2%, min 10 EUR; SWIFT outgoing transfer 0.5%, min 35 EUR.
Settlement
—
Coverage
1 country
Payment methods
2
Dev tools
Sandbox Webhooks

Fees shown are indicative, not a binding quote — always verify with Satchel before signing. Visit Website is an external link; we may earn a commission.

Satchel overview

Best for

Fintech brands and other businesses that want to offer white-label accounts, multi-currency IBANs and branded Mastercard cards without their own licence, and businesses that need EU accounts for SEPA and SWIFT payments.

Satchel pricing & fees

Pricing structure

Pricing
Business account (EU): Account opening 375 EUR; Additional account opening 50 EUR; Monthly maintenance fee 35 EUR; Minimum balance 250 EUR; Incoming/outgoing internal transfer within Satchel Free; SEPA incoming transfer Free; SEPA outgoing transfer 3 EUR; SWIFT incoming transfer 0.2%, min 10 EUR; SWIFT outgoing transfer 0.5%, min 35 EUR.
Your business must be registered in
Not disclosed

Satchel settlement & payouts

Payouts

Settlement time
Not collected yet
Settlement currencies
Not collected yet

We haven't collected settlement details for Satchel yet. Confirm payout timing and currencies directly with Satchel before signing.

Satchel API & integration

API Profile

Sandbox
Not listed
Webhooks
Not listed

Satchel coverage & payment methods

Supported countries

1 country
LT

Payment methods

SepaSwift

Satchel licensing & compliance

Legal & Compliance

Licensed entity · regulatorily responsible

UAB SatchelPay

Lithuania

Licenses

E-Money Institution LT

Authorised Electronic Money Institution (LT)

Bank of Lithuania

License numbers & register records

1 license number · 1 register record on file for Satchel, with status history and links to verify each one at the regulator — free with a PaymentProviders account.

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