Key Data

• Trading Name: Paytend
• Legal Entities: Paytend Europe UAB
  
• Activities: E-Money Institution
  
• Location: Lithuania
  
• Regulations: EMI regulated by BoL
  
• Key People: Laimonas Žmuidinavičius

Paytend is a regulated Lithuanian E-Money Institut, which is an acquirer for Visa, Mastercard, UnionPay, WeChat Pay, and Alipay.  They provide e-commerce companies and merchants payment services on a global scale.

Offering

Paytend is aimed at private and business customers and offers accounts and associated services, including debit cards (private and business cards). With Global Fast, Paytend offers the execution of global transfers within a few hours.

The services can be used online or via the Paytend app.

The website is available in English and Chinese.

Terms & Conditions

The website does not provide any information on prices.

Reviews

On Trustpilot, Paytend has a remarkably poor rating with 2.1 stars and a “Poor” trust level, which actually is a scam level. The bad reviews refer to the unfounded freezing of credit and allegedly miserable customer service.

Compliance Check

Paytend is a regulated EMI. The website provides all the necessary information. In this respect, there is nothing to complain about in terms of compliance. However, there is very poor feedback and negative reviews from customers. We therefore put Paytend on our Orange Compliance List.