OpenPayd provides banking infrastructure for businesses, including multi-currency IBANs and payment processing. More suitable for agencies or platforms than solo freelancers.
Quick Verdict
Rating: 3.9/5 — ★★★½☆
Best for: Agencies and platforms needing programmatic banking and payment APIs
Not ideal for: Solo freelancers — designed for businesses with technical teams
Get started with OpenPayd →Key Facts
| Category | fintech / business-account |
| FX fee | 🟢 0.3% |
| Withdrawal fee | Free |
| Monthly fee | Free |
| Payout speed | same-day |
| KYC level | Full (ID + proof of address) |
| Founded | 2015 |
| HQ | GB |
Country Availability
| UK | Canada | Australia |
|---|---|---|
| ✅ | ❌ | ❌ |
Fees
| Fee type | Amount |
|---|---|
| FX conversion | 0.3% above mid-market |
| Withdrawal | Free |
| Monthly subscription | None |
| Currencies supported | 30+ |
Features
| Feature | |
|---|---|
| Bank transfer | ✅ |
| Card payments | ❌ |
| Crypto | ❌ |
| Virtual card | ❌ |
| Physical card | ❌ |
| Multi-currency | ✅ |
| Business account | ✅ |
| Mobile app | ❌ |
| API access | ✅ |
| Upwork integration | ❌ |
| Fiverr integration | ❌ |
Pros
- Low FX fee — 0.3%
- No monthly fee
- Multi-currency account
- Business account available
- API access
Cons
- No mobile app
Who Should Use OpenPayd
Perfect for: Agencies and platforms needing programmatic banking and payment APIs
Skip it if: Solo freelancers — designed for businesses with technical teams
How to Get Started
- Visit https://openpayd.com and create an account
- Complete identity verification (Full (ID + proof of address))
- Set up your payment receiving details
- Share with clients or connect to your freelance platform
Frequently Asked Questions
Is OpenPayd available in the UK? Yes — OpenPayd is fully available in the UK.
Is OpenPayd available in Canada? OpenPayd is currently not available in Canada.
Is OpenPayd available in Australia? OpenPayd is currently not available in Australia.
What are OpenPayd's fees? OpenPayd charges 0.3% for currency conversion.
Is OpenPayd safe? OpenPayd is a regulated financial service with a strong safety record. Always verify current regulatory status on their website.
This review was last updated 2026-03-30. Fees and availability may change — always check OpenPayd's website for the latest information.
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