Personal and business accounts – what’s the difference?

First and foremost, it’s important to mention that anyone can create a personal Paysera account. You don’t need special permissions or documents, except for your identity document, which will be required to verify your identity. To create a personal account, you’ll first need to download the Paysera Super App. Once you’ve created your personal account, you can easily open a Paysera account for free – it’s quick and simple, as the entire process is done remotely. You can find out more about how to do this here.

The Paysera Super App isn’t just another way to make payments. It provides you with benefits such as: the ability to make local and international transfers, have separate accounts for saving, order a Visa payment card, exchange currency at competitive exchange rates, buy gold, and much more. To find out more about why you should start using Paysera and the advantages it offers, you can read more here.

Paysera allows you to create both personal and business accounts. We frequently receive questions about what makes them different. In essence, the main difference lies in the account creation process: for a personal account, all you need is your identity document, whereas a business account can only be created by the company’s manager or an authorised representative, and this process may take a little longer. Another difference between personal and business accounts is the issuance of the Visa payment card. In a personal account, the card is issued to a specific individual, while in a business account, although the details of the person who will use the card are required, the card is ordered in the company’s name.

While both accounts provide essentially the same functions, the Paysera business account is worth having due to its additional capabilities and functionality, which make managing your business easier. One of these advantages is the ability to quickly and easily assign authorised users to manage the business account and make payments. When assigning new users to the business account, you can set a spending limit for each person, as well as specify which functions they are allowed to perform: approve payments, create payments, or view account statements.

Creating a business account is just the first step in discovering the benefits of Paysera’s business services. Paysera offers a wide range of services designed to ensure more efficient business management and process optimisation, using modern but easily manageable solutions.

For business clients, Paysera offers the following additional advantages:

• Paysera Checkout – ensures quick and convenient online payments. This is especially important as, according to statistics, many online retailers lose millions due to customers abandoning their purchases. Why does this happen? Sometimes it’s due to changing needs, but often it’s because of a complicated payment process. With Paysera Checkout, you’ll reduce such losses and optimise payment management.

• Paysera POS – a system for both physical and online businesses. Starting from 1 May, the new regulations require that all cash registers be connected to the VMI i.EKA system. Paysera POS not only complies with these requirements but also allows you to monitor stock levels, apply discounts, and process product returns.

• Parcel delivery service – a solution that allows you to ensure nationwide delivery of your goods, without worrying about managing multiple couriers or contracts, while giving your customers the freedom to choose the delivery service from the most popular providers in Lithuania.

• Paysera Tickets – ticket sales and payment management for events. This system not only ensures smooth and quick ticket sales management but also allows you to integrate advanced digital marketing tools to track visitor traffic, behaviour on the website, and check tickets without additional equipment, directly through the Paysera Super App.

These are just some of the Paysera services that can help you manage your business more easily. To find out more and learn about all the services available, visit the Paysera website.