Source: https://rivet.global/blog/payset-fees-explained
Published: 2026-10-14 · Updated: 2026-11-05 · By Rashidatou K.

# Payset fees explained: what a business account really costs in year one

Payset's application fee, subscription, transaction and admin fees added up for a typical company's first year, with how the alternatives compare.

## Key takeaways

- Opening Payset Business costs €480 to apply (€960 outside the EU and UK, plus €480 for complex structures) and three months of fees upfront.
- The Business plan is €100 a month for up to €100,000 a month of volume; Scale is €300 for €100,000 to €250,000, with 50% off transaction fees.
- Transaction fees on Business: €2 to receive local, €10 to receive SWIFT, 0.40% (max €80) to send SEPA, 0.50% (max €290) to send SWIFT. FX from 1%.
- Admin fees add up: €100 per change of company details, €50 per SWIFT confirmation, €150 to cancel a sent payment, and a closure charge if you leave within 12 months.

A UK company opening Payset's Business plan pays €480 to apply and €300 for three months upfront, then €100 a month. Over the first year that is €1,680 in fixed costs. A company registered outside the EU and UK pays €960 to apply, so €2,160. A complex ownership structure adds another €480.

That is before a single payment. All figures are from Payset's pricing page, read in November 2026; Payset calls them starting points, confirmed in your proposal.

## Transaction fees

| | Business (€100/mo) | Scale (€300/mo) |
|---|---|---|
| Receive local | €2 | €1 |
| Receive SWIFT or TARGET2 | €10 | €5 |
| Receive CHAPS | €10 | €5 |
| Send SEPA | 0.40%, max €80 | 0.20%, max €40 |
| Send SWIFT or TARGET2 | 0.50%, max €290 | 0.25%, max €170 |
| Send CHAPS | €20 | €10 |
| FX margin | as low as 1% | as low as 0.50% |
| Urgent payment | €40 | Free |

Payments between Payset customers are free. High-volume clients can get FX from 0.5% down to 0.25%, depending on 90-day volume.

## A worked year

A company receiving 10 SWIFT payments a month, sending 20 SEPA payments of €2,000 and converting €30,000 a month on Business pays: €100 in receiving fees, €160 in SEPA fees and about €300 in FX each month. That is €560 a month on top of the €100 plan, or about €6,700 in transaction costs over the year plus €1,680 in fixed costs.

## Admin fees worth knowing

Payset charges €100 to amend company details, €50 for a SWIFT confirmation, €20 to cancel a payment before it is sent and €150 plus pass-through after, €50 for a returned payment, and €400 for an auditor request. Information requests not answered within 30 days cost €100 each.

## How it compares

For the same activity on Rivet Growth ($200 a month), there is no fee to receive by bank transfer, FX starts at 0.50% and each payout costs $1. There is no application fee and no closure fee. For a company with lower volumes, Rivet Starter is free and includes USD details and USDC and USDT. Payset's caps help on very large single payments, so a holding company moving six-figure sums may still prefer it. See [Payset alternatives](/blog/payset-alternatives) and [Payset vs Wise](/blog/payset-vs-wise-business). Rivet is not a bank; regulated partner institutions hold client funds.

## Questions

### How much does Payset cost per month?

€100 on Business and €300 on Scale. Bespoke pricing applies above €250,000 a month of volume. Subscriptions are paid three months in advance.

### Is the Payset application fee refundable?

Payset says it is not refunded if you do not respond or do not provide the documents it asks for.

### What does it cost to close a Payset account?

One monthly fee. If you close within 12 months, Payset charges the difference between 12 months of fees and what you have paid. Closure for breach of terms costs €500.