Payset alternative with stablecoins in the account
Payset holds fiat only, so buying stablecoins means sending money to a crypto exchange. As a Payset alternative, Unigox swaps EUR or GBP to stablecoins inside the account and back. Keep Payset for bulk payouts in many currencies.
When to stay with Payset
You pay suppliers in many currencies
Payset holds and sends a long list of fiat currencies, from CAD and CHF to PLN and SGD, with local routes into Canada, Singapore, Poland and Sweden. It pays staff or suppliers from one uploaded CSV file. Unigox company accounts are EUR, GBP and USD.
Your FX volume earns a lower margin
Payset publishes four FX tiers: 0.90% over the mid-market rate up to €300K in 90 days, falling to 0.09% from €6M, and a tier once reached holds for 30 days. Unigox agrees a pricing plan with each company instead of a public ladder.
You need account details from a given country
Payset offers IBANs from the UK, Estonia, Poland, Malta, Australia, Israel and the UAE, and account numbers in Singapore and the US. Unigox EUR IBANs are issued in the Netherlands or Malta.
Payset vs Unigox for a company that buys stablecoins
| Topic | Payset | Unigox |
|---|---|---|
| What it is | FCA-authorised e-money accounts to hold, send, receive and exchange fiat currencies, with bulk and recurring payments and user permissions. | EUR, GBP and USD accounts in your company's name, with stablecoin balances kept in the same Business Portal. |
| Getting USDT or USDC | Not in Payset's list of supported currencies. A client sends money to a crypto exchange after Payset's compliance checks; UK clients only to exchanges registered with the FCA. | Swap EUR or GBP to stablecoins inside the account and back, and move stablecoins to your company's Unigox Wallet. The Unigox team can also run a conversion as an OTC deal at a fee agreed first. |
| Crypto businesses | "Cryptocurrencies" is on Payset's list of permitted industries, and its page for holding companies offers "crypto-friendly, multi-currency accounts". | A licensable industry sends its licence or registration during KYB, or a legal note on why it needs none. |
| Who can apply | Only companies incorporated in listed countries: most of the EEA, the UK and Switzerland, plus others such as the US, Canada, Singapore and the UAE. A company incorporated elsewhere is refused. | Companies in or outside Europe that pass KYB. Unigox does not currently offer its services in the United States, and countries excluded by the Terms of Service or under sanctions cannot apply. |
| Pricing | Free sign-up and monthly access, though Payset may charge a risk-based monthly fee, and setup fees in high-risk industries and regions. Local EUR, USD or GBP payments from £2; international up to 0.4% (min £12); FX 0.90% over mid-market, down to 0.09% with 90-day volume. | No public tariff: Unigox sets a plan per company for account services, transfers and swaps and confirms it before you start. |
| Regulation | Pay Set Limited is an electronic money institution authorised by the FCA (reference 900920); client funds are safeguarded apart from its own. | Unigox works through two companies: UNIGOX NETWORK CORP. in Canada handles the local-money side and is registered with FINTRAC as a money services business and with the Bank of Canada as a payment service provider; UNIGOX NETWORK CORP. in Panama handles the crypto side, including wallets and escrow. |
UnigoxMove stablecoin buying from Payset to Unigox in three steps
Apply as the company Payset onboarded
Payset's approval does not carry over, but the registration certificate and shareholder details it asked for are a start. Unigox KYB also asks for source of funds and intended use; a crypto business adds its licence or registration, or a legal note.
Size the exchange wires you replace
Tell our team how much you send from Payset to exchanges each month and in which currency. After approval we open the matching EUR, GBP or USD accounts with stablecoin balances and confirm your pricing plan first.
Swap in the account, not at an exchange
Have the euros or pounds you would send to an exchange paid straight into your Unigox account, and swap them to stablecoins there. Payroll and bulk payouts can stay on Payset.
Questions about Payset alternatives
What is Payset, and which companies does Unigox suit better?
Payset is a UK e-money institution selling multi-currency business accounts with tiered FX and bulk payments. Unigox suits a company that wants stablecoins held in the same portal as its EUR, GBP and USD accounts and swapped in both directions.
See business accountsPayset fees: what does a business account cost?
Payset's pricing page makes sign-up and the monthly access fee free, though a monthly fee may be charged based on risk factors. Local EUR, USD or GBP payments cost from £2, and international sends up to 0.4% with a £12 minimum. FX runs from 0.90% over the mid-market rate down to 0.09% for €6M or more in 90 days. Its help centre adds that accounts in high-risk industries and regions pay setup fees from the first deposit.
Can a Payset account send money to a crypto exchange?
Yes, after Payset's compliance checks. UK clients may send only to exchanges on the FCA cryptoasset register; other clients to exchanges Payset approves. Payset notes that cryptoassets are not covered by compensation schemes.
Swap into stablecoins with no wire to an exchange
Tell us how your company buys or sells stablecoins and which exchange your Payset transfers go to. Our team agrees the accounts and your plan with you before the first swap.
Payset and other names and logos are trademarks of their respective owners. Unigox is not affiliated with, endorsed or sponsored by them. Information about other companies comes from public sources, mainly the companies' own websites, and each company can change its products and fees at any time.