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If you want an online account which lets you manage your money easily on the go, you might be considering Revolut or Paysera. But which is best? This guide tells you all you need to know.
As well as reviewing at Revolut and Paysera, we’ll take a quick look at an alternative for comparison - the Wise account. Let’s dive right in.
Paysera¹ is a Lithuania based e-money institution with a range of products and services including a financial management app and payment gateway. Launched in 2004, Paysera has over 1 million customers at present.
Revolut² is UK based and launched in 2015, with 20 million personal customers³ signed up so far. Like Paysera, Revolut is also a financial app with accounts for individuals and businesses.
Before we get into a head to head of Revolut vs Paysera on a number of key features, let’s get an overview.
In broad terms, Revolut is fully focused on its financial management app which it has rolled out to Europe, the US and a few other large regions. Paysera is a European company which offers financial management app services in Europe and around the world - but some of the features offered can only really be accessed within Europe. That may be a limiting factor if you’re a customer based in the US.
However, we’ve got a full feature review coming up - plus an alternative to compare as well - Wise - which offers personal and business accounts in the US and in a broad range of other countries and regions, too²⁰.
If you’re looking for an online or mobile account, you’re probably hoping for a cheap way to manage your money. So let’s get started right away with the fees you’ll pay to use both Revolut and Paysera. Other charges may apply depending on how you use your account.
|10 EUR to open account in a Paysera branch⁶
|Account monthly fee
|Standard plans are free - or upgrade to a paid plan for up to 16.99 USD/month⁵
|Open a balance in a range of global currencies
|Get a debit card
|Free - delivery charge may apply
|Paysera cards can not be delivered to the US
|Spend and withdraw with your debit card
|No fee to spend currencies you hold
In network ATM withdrawals are free
Up to 1,200 USD/month of out of network ATM withdrawals fee free
|Paysera cards can not be delivered to the US
|Send international payments
|Customers get 10 fee free transfers per month
Fees apply after that, which are confirmed in the Revolut app when you set up your payment
|Fees vary based on the currency being sent
Sending EUR to the EU has low fees and can arrive instantly⁷
For other international payments, higher fees apply and transfers may take several days⁸ ⁹
|Dormant account fee
|Close account fee
|10 EUR to close account in a Paysera branch
|💡 If you want to read more about Revolut in particular, get a full Revolut review here.
When it comes to holding and exchanging currencies, Revolut and Paysera take a slightly different approach.
Revolut allows free Standard plan holders to convert up to 1,000 USD per month. Paid plan holders can exchange as much as they like with this rate, which is typically the best available anywhere on the market.
Paysera uses competitive rates, but it’s worth comparing them to the mid-market exchange rate to see if a markup has been used. This is a common practice, but it does push up costs and makes it harder to see exactly what you’re paying to send a payment overseas or convert currencies within your account.
If you want an online account primarily to hold, exchange, send and spend around the world, check out the free Wise account as a great alternative. Hold 40+ currencies, and exchange between them with the mid-market exchange rate and low, transparent fees¹⁹ every time.
See how much you can save with Wise:
You can open a Revolut account from the US, UK, EEA, Australia, Switzerland, Singapore or Japan¹⁰.
You can hold and exchange around 28 currencies, and spend with your linked card in 140+ currencies. Account features and fees do vary based on where you’re located, so if you’re not in the US, check out the details online.
Paysera is available in a broad range of countries, including the US. You can send payments in 30 currencies, to 180 countries¹¹. However, the Paysera debit card can’t be delivered to any addresses outside the EEA.
If you happen to have an address in Europe, you’ll be able to receive a card there to use with Paysera - otherwise this is not an option.
While Revolut and Paysera do offer some overlapping features, they’re quite different companies, really. Let’s take a look at some of the key features offered by each of them.
- Free or fee paid accounts
- All accounts are interest earning
- Linked debit cards - virtual cards available for fee paid plans
- Hold and exchange around 28 currencies
- Trade crypto and stocks
- Open accounts for children under 18
- Paid accounts get travel perks and extra benefits
- Free accounts to hold a range of currencies
- Debit cards available within Europe
- Send money all over the world
- Payment gateway for e-shops
- Ticketing service
- Trade gold
- Parcel delivery locker service (in Europe)
- Micropayments for game developers
All Revolut US accounts - even the free Standard plan - come with a linked debit card for international spending and withdrawals. You can make fee free withdrawals from 55,000+ ATMs in the US, with up to 1,200 USD a month in out of network withdrawals fee free too.
Paysera also has a linked debit card - but this is not available for delivery to addresses outside the EEA¹². That means that unless you’re applying with a European address, you won’t be able to get a linked card for your Paysera account.
|💡If you’re not eligible for a Paysera debit card, and want to compare the Revolut card against an alternative, take a look at the Wise international debit card. You can order a Wise card for a one time low fee¹⁹, and use it in 150+ countries. Spend any currency you hold in your Wise account - and if you don’t have the right currency, the smart technology automatically converts your balance at the best rate whenever you spend.
Checking customer reviews on a site like Trustpilot can be a good way to get a feel for what current customers think of a provider before you open an account. Here’s where Revolut and Paysera stand on Trustpilot at the time of writing.
- Revolut - 4.4 star Excellent status, with 115,000+ reviews listed¹³
- Paysera - 2.7 star Poor status, with 2,000+ reviews listed¹⁴
While Revolut clearly has the higher rating and a far higher number of reviews, it’s worth noting that the Paysera team does respond to issues raised in Trustpilot reviews, and seems to be active in trying to resolve problems here. Trustpilot's ratings are very dynamic as they’re based on live feedback, so you can always check out where they both sit before you decide where to open your account.
Revolut’s customer support is offered through a 24/7 in app chat¹⁵. You’ll need to log into your Revolut account to get personalized help, any time of the day or night. Customers with paid plans get priority support. If you need to block your Revolut debit card, you can also call their automated pine on +18447443512.
Paysera¹⁶ offers support through an online email form¹⁷ or by phone. They have a range of different European languages on offer - but if you want English-speaking support, you’ll need to call their UK team on +44 20 80996963. If you’re after a different language, check out the full range of options and local phone numbers on the Paysera customer support page.
Whether Revolut or Paysera is better for you will depend on why you need an online account. If you’re looking for a free account for simple online money management - especially if you’ll be transacting in euros a lot, Paysera might suit you.
However, overall Revolut tends to have more on offer for US based customers, particularly because it’s far easier to get hold of a linked debit card. With Revolut, you’ll also be able to spend with your card and make fee free withdrawals from lots of US based ATMs, as well as getting handy features like trading options, interest bearing savings vaults and accounts for children under 18.
Before you make a final decision, compare Revolut with the Wise account.
Wise offers online personal accounts which can hold 40+ currencies, making them a great option if you travel a lot, as they cover more currencies than Revolut.
Get a linked Wise debit card for a one time fee¹⁹, and spend and make withdrawals in 150+ countries around the world. See whether Wise or Revolut suits you better - and start saving today.
There are quite a few other apps which offer similar or overlapping services to Revolut. Which is best for you will depend entirely on how you’ll use your account. To get some inspiration, check out this guide to Revolut alternatives, and see if anything looks interesting.
Whether or not you can move money from Revolut and Paysera will depend on the Paysera account you want to top up, the currency and the country you’re in¹⁸. Log into your Paysera account to see your options.
Paysera was launched in Lithuania and also has a number of offices elsewhere in Europe.
- Revolut - about us
- Paysera app
- Revolut - plans
- Paysera fees
- Paysera EUR international transfers
- Paysera international transfers
- Paysera international transfer fees
- Revolut - supported countries
- Paysera - which countries does Paysera work in?
- Paysera FAQ
- Trustpilot - Revolut
- Trustpilot - Paysera
- Revolut - contact us
- Paysera - customer support
- Paysera email form
- Paysera - adding funds
- Wise What countries can I send to?
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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