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Paymix Ltd Review
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Overview
Company
PayMix is a Financial Institution in Malta. The company holds its MFSA license from Malta to provide payment services and E-Money products as an Electronic Money Institution (EMI). With its Maltese license the company can provide services throughout the EU as well.
As a Principal Issuing Member of MasterCard Europe, PayMix issues corporate as well as consumer Prepaid Cards. Additionally, PayMix also provides non-financial companies the possibility to issue their own prepaid cards under a Co-Branding programme.
Head Office
The Penthouse, JPR Buildings, Triq Tat-Zwejt, San Gwann, SGN3000, MT
Operations Centre
Penthouse, JPR Buildings, San Gwann, MT
Is Paymix Ltd a scam or reliable payment service provider?
We do not have any direct experience with Paymix nor Paymix Pro. Please see the comments about Paymix from real users. If you have experience with this company please share it in the comments below.
Customer Support
We do not have any direct experience with Paymix Customer Support.
Products and Services
We do not have any direct experience with Paymix Products and Services.
Prices
The following are the fee modules according to the Paymix website.
Account Maintenance Fee
| Account application fee (non-refundable, inclusive of EUR 240.00 account maintenance fee for the first year) | € 500 |
| Account application fee (non-refundable, inclusive of EUR 600.00 account maintenance fee for the first year)* | € 1,500 |
| Dedicated IBAN annual maintenance fee | € 120 |
| Monthly Maintenance Fee (payable annually in advance on account activation and each anniversary thereafter) | € 20 |
| Monthly Maintenance Fee (payable annually in advance on account activation and each anniversary thereafter)* | € 50 |
* Applicable to High-Risk Industries
Paymix Card Fees
| Card Purchase fee (Chargeable on order) | € 15 |
| Card Activation fee | FREE |
| Annual Card fee (Chargeable on card activation and every annual anniversary thereafter) | € 20 |
| Card Replacement fee (Chargeable on order) | € 15 |
| Card Renewal fee (Chargeable on order) | € 15 |
Paymix Transaction Fees
| Incoming funds through bank transfers (effective 4th June 2016) | |
| - Up to € 10,000 | € 0.2 |
| - From € 10,000.01 to € 500,000 | € 4 |
| - From € 500,000.01 to € 1,000,000 | € 100 |
| - From € 1,000,000.01 to € 2,000,000 | € 250 |
| - Over € 2,000,000.01 | 0.0625% (Max € 5,000) |
| Incoming funds from other online accounts held with PayMix | FREE |
| 0.25% of said amount * | Minimum Fee € 1
Maximum Fee € 5,000 |
| SEPA Outward payments | |
| - Up to 1,000 EUR | € 1 |
| - Over 1,000 EUR | € 3.5 |
| 0.25% of said amount * | Minimum Fee € 1
Maximum Fee € 5,000 |
| Non-SEPA Outward payments | |
| - Up to 2,000 EUR | € 15 |
| - From 2,001 EUR to 20,000 EUR | € 35 |
| - Over 20,001 EUR | € 50 |
| 0.25% of said amount + 25.00 € Message Fee * | Minimum Fee € 25
Maximum Fee € 5,000 |
| Transfers to other online accounts held with PayMix | € 0.5 |
| ATM Withdrawal Fees | € 5 |
| ATM PIN Unblock/PIN change | € 1 |
| PIN Block/Unblock through Web Portal | FREE |
| PIN Change request through Web Portal – PIN sent through SMS | € 0.5 |
| POS Intra | FREE |
| POS Interregional | FREE |
| Unique transactions & Payments (Amounts < EUR 1,000) | € 1 |
| Unique transactions & Payments (Amounts > EUR 1,001) | € 2.5 |
| Refund transactions | FREE |
| Cash advance through POS at Banks | 1.1% (Min € 8) |
| FX fee on card transactions | 3% |
| Load through Credit/Debit Cards | 3% (Min € 1) |
| Load through Sofort | 2% (Min € 1) |
| Balance Enquiry Fee via ATM | € 1 |
* Applicable to High-Risk Industries
Other Paymix Fees
| Information provided upon client request | € 30 |
| Inactive/Dormancy fee (An administrative fee will be debited per month if the Account is inactive or dormant for more than 6 months.) |
€ 10 |
| Account reactivation fee | € 250 |
| Change of payment instruction after dispatch of payment | € 20* |
* plus any applicable third party bank’s charges
** plus any applicable out of pocket expenses incurred by PayMix
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