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Ecommerce Technologies LTD (PayDo)
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Ecommerce Technologies LTD (PayDo)


Trustpilot Rating

Reviews 93





Entity type

Electronic Money Institution

Client type






United Kingdom



Employee Count


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Dedicated IBANMerchant AccountsSEPA TransactionsSWIFT TransactionsWalletsWire Transfer AcceptanceCard processing solutions

Total Score

Pricing of the services


Social media presence


Popularity of the service


Onboarding difficulty


Support quality


About Ecommerce Technologies LTD (PayDo)

Ecommerce Technologies LTD is an electronic money institution focused on providing IBAN accounts. Ecommerce Technologies LTD offers personal accounts with IBAN, business accounts with IBAN, merchant accounts, money transfers. In 2019 Ecommerce Technologies LTD had total assets of 519,924.00 GBP. Incorporated in the United Kingdom, Ecommerce Technologies LTD is authorized and regulated by the Financial Conduct Authority. Ecommerce Technologies LTD is doing business as PayDo. The company's offices are located in the UK and Ukraine.


Setup Fee

100 EUR

Monthly Maintenance Fee


SEPA Incoming


SEPA Outgoing

0.2% + 20 EUR

SWIFT Incoming


SWIFT Outgoing

0.3% + 25 EUR

FX Fee


Internal Fee


Transfer to Visa, MasterCard

3.5% + 4 EUR

Top up Fee (Visa/Mastercard)

3.4% + 0.3 EUR

MDR Rate (Visa/Mastercard)

2.9-4% + 0.3 EUR

Negative Interest Fee



  • EUR


  • USD

    (United States dollar)

  • GBP

    (British pound)

  • RUB

    (Russian ruble)

Additional Requirements

  • To verify a Business account it is required to offer:

  • A document, confirming the state registration of the company, that indicates:Company name; Company registration number; Registration date; Company address.

  • A document confirming ownership, that indicates:

  • Company name; The owner(s) of the company; The number of shares in the authorized capital of the company. Document/protocol on the appointment of the director Memorandum & Articles of Association/Constitution/Statute/other statutory documents Certificate of Good Standing/Certificate of Incumbency/extract from register/issued within three months Company structure of ownership signed by the beneficiary If the company is registered in a country where there is a requirement for the payment of the authorized capital, it is necessary to provide a document confirming its payment. If the company’s business type is subject to compulsory licensing, you must provide a license. If the founders of the company include a legal entity, it is also necessary to provide registration documents of the founder and the ownership structure signed by the company’s beneficiary. Suppose the company or the beneficiary (director/manager) is not located in the European Economic Area. In that case, it is also necessary to provide a document confirming the origin of the beneficiary’s funds before the company’s opening. Suppose the company at some stage has a nominee director, beneficiary or shareholder. In that case, it is necessary to submit a trust declaration or an agreement on the provision of nominee services.

  • Each beneficiary, as well as executives/general managers, must provide: Identity document; proof of residence (POR) not older than 3 months from the issuing date; CV or links to social media profiles.

  • If the registration (place of residence) of the beneficiary is not in the European Economic Area, in addition, it is necessary to provide a source of funds – a document that discloses the sources of funds and their legality for the period before the formation of the company. The sources of funds can be:

  • bank statement; statement of wages at the previous place of work; agreements, beneficiary accounts with counterparties, concluded before the date of formation of the company, or any other documents declaring income with an indication of their origin.

Restricted industries

Charitites & Non-profitsMulti-level-marketing ProvidersPharmaceuticalsPolitical AffiliatesRental BusinessTobaccoAlcoholTelemarketingInsurance SalesPetroleumSecurity ServicesReligious Organizations

Restricted countries

  • AFG


  • ALB


  • ASM

    (American Samoa)

  • AGO


  • AIA


  • BGD


  • BEN


  • BOL


  • BWA


  • UMI

    (United States Minor Outlying Islands)

  • VIR

    (Virgin Islands (U.S.))

  • BFA

    (Burkina Faso)

  • BDI


  • KHM


  • CMR


  • CPV

    (Cabo Verde)

  • CAF

    (Central African Republic)

  • TCD


  • COM


  • COG


  • COD


  • DJI


  • GNQ

    (Equatorial Guinea)

  • ERI


  • GAB


  • GMB


  • GHA


  • GUM


  • GIN


  • GNB


  • GUY


  • HTI


  • CIV

    (Côte d'Ivoire)

  • IRN


  • IRQ


  • JOR


  • KIR


  • LAO

    (Lao People's Democratic Republic)

  • LBN


  • LBR


  • LBY


  • MAC


  • MWI


  • MLI


  • MRT


  • FSM


  • MNG


  • MOZ


  • MMR


  • NAM


  • NIC


  • NER


  • PRK

    (North Korea (DPRK))

  • MNP

    (Northern Mariana Islands)

  • PAK


  • PLW


  • PSE

    (Palestine, State of)

  • PNG

    (Papua New Guinea)

  • REU


  • WSM


  • STP

    (Sao Tome and Principe)

  • SRB


  • SLE

    (Sierra Leone)

  • SOM


  • SSD

    (South Sudan)

  • LKA

    (Sri Lanka)

  • SDN


  • SWZ


  • SYR

    (Syrian Arab Republic)

  • TZA


  • TLS


  • TGO


  • TON


  • TTO

    (Trinidad and Tobago)

  • TUN


  • TUR


  • TKM


  • TUV


  • UGA


  • VEN


  • ESH

    (Western Sahara)

  • YEM


  • ZMB


  • ZWE


  • RUS


Trustpilot reviews


May 23, 2022

Never use this crappy service

Never use this crappy service. They dont reply, take your money from the account and you show proof and they just keep cut and pasting the same response. They are nothing but lying thieves. DO NOT USE THEM


May 21, 2022

Paydo is good BUT THERE IS PROBLEM !

I use since a long time ago but for the first time i have problem with them. I have deposit on 19 May 2022 31.10EUROS by credit card i was debited but the money is not on my paydo account ! I have create tickets service answer me to wait beceause there is technical issue but i don't like to wait !


May 19, 2022

Terrible policy of verification

Terrible policy of verification. Just wanted to make digital payment wallet, but it asks everything about me. They first tip my money, then only asks for verification. That's a scam. Asked to return my money to my bank, they declined. Do not use this. It is scam.


May 4, 2022

Used Paydo for a number of years

Used Paydo for a number of years for one of my side projects. Maybe I got lucky with my manager but she is also quick to answer my questions and no real issues have appeared. I recommend Paydo 100%


Apr 15, 2022

Real you in and then move the goal…

Real you in and then move the goal post!!!

I don’t really understand the negative reviews for the Paydo here.

My business provides online services all over the world. We settled on PayDo because it offers a large number of payment methods worldwide. It took only 1 day to collect the documents for verification and another 3 days for verification by the service. It is very convenient that the funds go directly to the bank account and we can pay salaries and payments to counterparties directly from it. Integration of Quick Checkout (hosted payment page) took less than 1 day. PayDo supports SEPA, SWIFT and Target2 transfers. I really like the fact that the product is constantly evolving and improvements are very frequent.


Apr 14, 2022

Totally recommend

We switched to PayDo after another financial partner and are very happy with it. Over the past year, the service has significantly increased the range of services and the quality of service. We have integrated the system with our CRM and everything works like clockwork!!

Finscanner is an independent digital platform aiming to provide up-to-date access to worldwide financial services to improve customer experience and boost transactions.

On this page, you can see a detailed review of Ecommerce Technologies LTD (PayDo) Payment systems with reviews from real users and our experts. Ecommerce Technologies LTD (PayDo) provides the following services: Dedicated IBAN, Merchant Accounts, SEPA Transactions, SWIFT Transactions, Wallets, Wire Transfer Acceptance, Card processing solutions.

At the moment, Ecommerce Technologies LTD (PayDo) rating on Finscanner is 3.6 and on Trustpilot is 3.5.