Virtual account types

In order to enhance your payment experience, please choose the solution that best suits your needs from the list below.


My EU Pay has placed a number of restrictions on the type of industries, activities, and countries we are able to support and service.


It should be noted that the virtual account solutions are not available for the following industries:

  • Ponzi / Pyramid Schemes
  • Firms involved in the servicing of illegal goods/services including but not limited to: Counterfeit Goods/trademark infringement, Human Trafficking, Child Labor, Prostitution.
  • Financial Institutions making payments on behalf of other financial institutions, also known as ‘nested relationships’ or ‘Layering.’
  • Shell Banks
  • Unregistered Charities
  • Political Organizations
  • Adult Entertainment
  • Weapons / Military-Grade Security


These solutions are not available to countries subject to sanctions, a list of which can be obtained at FAQs

Virtual account types

1. SEPA virtual account

SEPA enables customers to make euro payments to any account located anywhere in the European Economic Area. SEPA does not cover payments in currencies other than the euro.


This virtual account is available for payments within the European Economic Area and is suitable for EEA regulated crypto and gambling companies with robust AML system.

2. SWIFT FX virtual account

This is a multicurrency virtual account that covers payments in 38 currencies including:


Australian Dollar (AUD)
Bahrain Dinar (BHD)
Bulgarian Lev (BGN)
Canadian Dollar (CAD)
Chinese Yuan (CNY)
Croatian Kuna (HRK)
Czech Koruna (CZK)
Danish Krone (DKK)
Euro (EUR)
HongKong Dollar (HKD)
Hungarian Forint (HUF)
Indian Rupee (INR)*
Indonesian Rupiah (IDR)*
Israeli Shekel (ILS)
Japanese Yen (JPY)
Kenyan Shilling (KES)
Kuwait Dinar (KWD)
Malaysian Ringgit (MYR)*
Mexican Peso (MXN)
New Zealand Dollar (NZD)
Norwegian Krone (NOK)
Omani Rial (OMR)
Philippine Peso (PHP)*
Polish Zloty (PLN)
Qatar Rial (QAR)
Romanian Leu (RON)
Russian Ruble (RUB)**
Saudi Riyal (SAR)
Singapore Dollar (SGD)
South African Rand (ZAR)
Swedish Krona (SEK)
Swiss franc (CHF)
Thai Baht (THB)
Turkish Lira (TRY)
Ugandan Shilling (UGX)
UK Sterling (GBP)
Emirati Dirham (AED)
US Dollar (USD)

This virtual account is not available for clients of the following industries:

  • Multi-Level Marketing
  • Pawnbrokers
  • Precious Metals
  • Drug paraphernalia
  • Carbon Credits
  • Crypto Currencies
  • Gambling

In addition this virtual account solution will not be available for clients from the United States who belong to the following industries:

  • Chemicals
  • Medical devices
  • Alcohol
  • Tobacco
  • Dietary supplements
  • Seeds or plants
  • Regulated financial services
  • Outbound telemarketing

My EU Pay has restricted the use of countries that this virtual account will serve. The bank where the funds are originating from and the payer must be based in one of the permitted jurisdictions below:


  • EEA countries (incl. Cyprus, Iceland, Norway, Sweden and Switzerland)
  • Aland Islands
  • Australia
  • Canada
  • Cayman Islands
  • China
  • Gibraltar
  • Guadeloupe
  • Guernsey
  • Hong Kong
  • India
  • Isle of Man
  • Israel
  • Singapore
  • Japan
  • Jersey
  • Liechtenstein
  • Martinique
  • Mayotte
  • Monaco
  • New Zealand
  • Reunion
  • Saint Martin (French Part)
  • South Africa
  • South Korea
  • Taiwan
  • United Kingdom
  • United States


* this list will be reviewed and updated periodically

** Financial Institutions are eligible for SWIFT FX virtual account subject to prior approval

3. Hybrid virtual account

This is a SWIFT reachable Euro denominated virtual account. Incoming payments are settled via SWIFT. Outgoing payments are settled via SEPA only.


This virtual account is suitable for crypto and gambling companies with robust AML system.

Failure to comply with these restrictions can result in delayed payments or rejected payments with continuous breaches leading to virtual account closure.