The answer depends which end of the transfer you are standing at. For the person in Lithuania, Paysera is genuinely good. For the person sending from the UK in pounds, it is not the right app - and the reason is the first step, getting your pounds in.
If you are in Lithuania and want an account to receive into
Open Paysera. It does this well.
Paysera gives you a real Lithuanian IBAN. A euro transfer reaches it the same way it reaches a Lithuanian bank. The first thirty outgoing euro transfers each month cost nothing. After that, each one costs 0.30 euros, or 0.35 euros from 1 January 2027.
You can use those free transfers to pay rent, send money to a family member, or move funds between your own accounts. They arrive the same working day if you send them before the late-afternoon cut-off. Some transfers arrive in under a minute, at any time of day, when both banks support it.
For the Lithuanian side of a UK-Lithuania money move, this is a clean, low-cost receiving point. Tell your family to open Paysera if they want a simple Lithuanian account to receive into. The account is free to open and to keep while you use it, and the first thirty outgoing transfers a month cost nothing. Paysera's fee page says it charges 10 euros a month if you do not log in or make a payment for a year.
If you are sending from the UK in pounds
This is where Paysera is the harder route, and where you should probably open Wise or Revolut instead.
The problem is how you get pounds into Paysera. Paysera's fee page lists no fee for a bank top-up, apart from one type of bank payment that costs 3 to 5 euros. A top-up by card costs 1 percent or 2.9 percent. But your own bank may charge you too, and Paysera says you see that cost only after you log in: open Account Top-Up, choose the country and the currency, then choose your bank. So you cannot see the full cost until you have opened the account.
Paysera's rate also changes with the amount. It says its best rate is for exchanges up to 500 euros a month. At 21:50 GMT on 4 November 2026, its calculator changed £200 into €239.44. Wise delivered €238.52 on £200, after its fee, so Paysera delivered more. At the same time, Paysera changed £500 into €586.85, and Wise delivered €597.25 after its fee. The Paysera figures are before any cost of getting your pounds in.
Wise uses the real exchange rate and charges a small fee you can see. Revolut Standard on a weekday, inside the £1,000 free monthly amount, charges no fee. It sets its own rate, so its cost is in the rate.
If you want to send money from the UK to Lithuania, open Wise or Revolut. The Lithuania guide has the full comparison. On a weekday, inside your free monthly amount, open Revolut. At the weekend, or when you have used that amount, open Wise. If you already bank with Starling, you can send euros to Lithuania from its app, with a 0.4 percent conversion fee and a small delivery fee. In the app, go to Payments, tap Add a payee, then tap the payee's name and tap Pay.
Paysera is the account the person in Lithuania receives into. It is not the app you in the UK send from.
The one case where Paysera makes sense from the UK
Some people live between Lithuania and the UK. They already hold euros somewhere. They get paid in euros. They need a Lithuanian account number to pay Lithuanian bills or receive Lithuanian payments. For that person, Paysera works well as a long-term euro account.
You fund it in euros, from another euro account, using a normal euro transfer. There are no pounds to change. The free outgoing transfers inside Lithuania are useful. It is a good tool for that specific person.
If you are in the UK and sending money to family in Vilnius, open Wise.
What to check before you keep money in Paysera
Before you open an account, search "Paysera" at register.fca.org.uk. That is the UK's financial register. On 4 November 2026, it showed Paysera LT UAB, the firm that provides the service, as "Cancelled". It showed Paysera UK Ltd as "Cancelled" too. That means the UK regulator does not authorise either firm today.
Paysera is not a bank. The Bank of Lithuania has licensed it as a payments company since 2012 (licence LB000251). Paysera keeps your money in separate accounts from its own money. Paysera cannot lend it out or invest it.
This is not the same as UK bank protection. In a UK bank, if the bank fails, the UK's deposit protection scheme covers your money up to £120,000. Paysera is not a UK bank, so that scheme does not apply. If Paysera fails, you rely on it keeping your money apart from its own.
If something goes wrong, you complain to Paysera first. Its regulator is the Bank of Lithuania.
If you are used to UK bank protections, this is worth knowing before you keep a lot of money in it.
Account freezes
On 4 November 2026, Paysera scored 4.3 out of 5 from 6,456 Trustpilot reviews. Some of those reviews report an account restricted with little explanation.
Paysera lists the reasons an account gets restricted on their own pages. They include an expired ID, not answering questions about where your money comes from, and using the account to trade crypto. UK customers face extra checks as well. Paysera flags the UK as a country that gets closer scrutiny.
Paysera says a restriction can end the same day if you send everything it asks for. If you do not, it can take weeks or even months.
This can happen with other payment apps too, because the law requires these checks.
This matters most if you are using Paysera to receive large payments in Lithuania, such as a salary or a house deposit. Do not send that kind of money into Paysera without a backup account somewhere else. Use it for smaller transfers. Do not hold a large balance in it for a long time unless you understand the risk.
The verdict
If someone in Lithuania has given you their Paysera account to receive into: that is a real account and a real IBAN. Send euros to it the normal way. It works.
If you are in the UK and someone has told you to open Paysera to send money to Lithuania: don't. You cannot see what it costs to get your pounds in until you have opened the account, and Paysera's best rate stops at 500 euros a month. Open Wise or Revolut instead. Wise on a Sunday, Revolut on a weekday - the full comparison is in the Lithuania guide.
Paysera is worth opening if you already have euros somewhere. If you live between Lithuania and the UK, and want a Lithuanian account for receiving and paying inside Lithuania, it is a good tool. You get thirty free euro transfers a month, a real Lithuanian account number, and fast euro payments.
If you are sending from the UK in pounds, open Wise.
Corrections
- 2026-11-05: An earlier version of this page said the Paysera account is free, with no limit. Paysera's fee page charges 10 euros a month if you do not log in or make a payment for a year, so the page now says that.
- 2026-11-05: An earlier version of this page called Starling's in-app send a "Send money abroad" button. That is the name of a page on Starling's website, and we could not show that label in the app, so the page now gives the route from Starling's help pages.
- 2026-11-04: An earlier version of this page said getting pounds into Paysera costs a flat 15 euros (£15 in the page summary), and based its advice to UK senders on that fee. The 15 euros is Paysera's fee for sending pounds out of Paysera, and it lists no fee for a bank top-up, apart from one type of bank payment.
- 2026-11-04: An earlier version of this page said Revolut Standard costs nothing at all on a weekday inside the free amount, and that it is usually the cheapest under £1,000 a month. Revolut charges no fee there, but its cost is in its own rate, and no figure backed "usually the cheapest".
- 2026-11-04: An earlier version of this page said Wise's fee is partly in the rate, that Wise wins on larger amounts and has the cheapest headline number, that Paysera costs more than both apps on almost every send, and that Wise and Revolut are usually cheaper. Wise uses the real rate and shows its fee, and we could not show the comparisons for every send, so they are gone.
- 2026-11-04: An earlier version of this page said Starling sends at 0.4 percent above the real rate and is usually competitive on this route. Starling's 0.4 percent is a conversion fee, not a gap from the real rate, and we have no figures behind "usually", so the comparison is gone.
- 2026-11-04: An earlier version of this page said Paysera does not give a UK account number, that it holds hundreds of millions of euros of customer money, that any bank can send to it and it pays any Lithuanian bank fast, and that you deal with Lithuanian consumer law and not the UK Ombudsman. We could not source these lines today, so they are gone, and the page now says what the UK's financial register shows.
- 2026-11-04: An earlier version of this page said most long-term users are satisfied, that a pattern of restricted accounts takes weeks or months to fix, that support is slow, that restrictions follow income you cannot show and any link to crypto, and that Wise and Revolut support answers faster. The page now gives the Trustpilot score and what Paysera says about restrictions, and we could not source the rest.
- 2026-11-04: An earlier version of this page said Paysera is not the right app for most sends from the UK. We have no count behind "most", and on 4 November Paysera delivered more than Wise on £200, before any cost of getting pounds in, so the page now shows both amounts.
- 2026-11-04: An earlier version of this page said euro transfers from Paysera arrive the same day if you send them before the cut-off. That is the same working day, so a standard transfer sent at the weekend does not arrive that day.
- 2026-11-04: An earlier version of this page called the UK's deposit protection scheme a government scheme. The scheme says it is independent of the government.
- 2026-11-04: An earlier version of this page said Paysera gives the UK closer scrutiny than most countries. Paysera's list puts the same flag on 110 of the 194 countries it names, so the comparison is gone.
- 2026-07-27: Removed dated route-specific numbers to keep the review accurate as rates move. The pounds-equivalent of Paysera's flat 15 euro entry fee on £200 and £500 sends, the specific Wise fee estimate on a £500 send, and the specific figure for Paysera's customer-money holdings were all reframed structurally. The 15 euro entry fee itself, the Revolut Standard weekday-inside-allowance mechanic, and the Starling 0.4 percent margin are Paysera and provider fee schedules, and stay.
- 2026-07-13: An earlier version of this page said the UK deposit protection scheme covers your money in a UK bank up to £85,000. The limit rose to £120,000 per person, per authorised firm on 1 December 2025. The figure has been corrected.
- 2026-07-13: An earlier version of this page said 15 euros was roughly 7.5 percent of a £200 send. At today's exchange rate 15 euros is closer to £13, so the fee is around 6 to 7 percent of a £200 send. The figure has been corrected.
- 2026-07-13: An earlier version of this page said Revolut Standard cost about £1.50 on a weekday inside the free monthly amount. It is free. Revolut Standard charges nothing for a euro transfer inside the eurozone and nothing for the conversion inside the £1,000 monthly allowance on a weekday.
- 2026-07-13: An earlier version of this page said Starling's "Send money abroad" button sent the money via Wise. Starling ended that partnership in 2018 and now sends internationals itself, at 0.4 percent above the real rate with a small delivery fee. The paragraph has been rewritten.