Paybis

TLDR

Paybis is a regulated fiat-to-crypto conversion platform that has operated since 2014. Users in 180+ countries can buy or sell Solana (SOL) and roughly 80 other cryptocurrencies using credit cards, PayPal, Apple Pay, bank transfers, and dozens of regional payment methods. The company is not a trading exchange — there is no order book, no margin, and no spot pairs — its core product is a simple buying and selling interface designed for retail users who want to convert fiat into crypto quickly and with minimal friction. Beyond retail, Paybis runs a B2B on/off-ramp business that powers crypto purchasing flows inside wallets, dApps, DeFi protocols, and gaming platforms via a white-label widget. The company holds a MiCA CASP license and a PSD2 Payment Institution license issued by the Bank of Latvia in May 2026, covering all 27 EU member states through MiCA passporting, alongside US FinCEN MSB, Canadian FINTRAC, FCA (UK), and Polish VASP registrations.

Core Mechanism

Paybis functions as a fiat gateway rather than a peer-to-peer marketplace or liquidity exchange. When a user wants to buy SOL, they enter an amount in their local currency, select a payment method, complete a one-time identity check, and receive SOL to either the Paybis custodial wallet or an external address. The entire flow is designed for completion in minutes rather than hours. Sell transactions follow the reverse path: crypto is submitted, Paybis converts it, and fiat is returned to the user's card, bank account, or e-wallet.

The platform's quoting model presents the full end-to-end cost — Paybis service fee plus network fee — before a user confirms. Fee amounts vary by payment method and transaction size. A first-purchase promotion waives the Paybis service fee entirely. Swap fees between cryptocurrencies run below 0.5% for the B2B API product.

Wallet security is based on a Multi-Party Computation (MPC) model, which eliminates single private-key exposure by distributing signing authority across multiple parties. This architecture is common among regulated fiat-gateway businesses because it allows asset custody without relying on a single hardware device or seed phrase.

Features

Retail product

• Buy 80+ cryptocurrencies including SOL, BTC, ETH, USDT, XRP, and LTC
• Sell back to fiat: supported sell assets include BTC, ETH, and SOL
• Payment methods: Visa and Mastercard across 50+ fiat currencies, Apple Pay, Google Pay, PayPal, Klarna, Skrill, Neteller, Revolut Pay, PaysafeCard, BLIK, SWIFT bank transfers, and regional options including Pix (Brazil), SPEI (Mexico), and M-Pesa (Africa)
• Purchase range: $4 to $20,000 per transaction
• Purchases of up to $1,000 possible without completing full verification
• Full KYC verification accepts 6,500+ document types from 220+ countries and takes under two minutes
• Custodial Paybis wallet with real-time price tracking, quick-buy repeat orders, and an affiliate program paying 20% commission on referrals
• Mobile apps for iOS (5.0 App Store rating) and Android (4.7 Google Play rating)

B2B on/off-ramp

The business product allows wallets, dApps, NFT platforms, DeFi protocols, exchanges, and gaming applications to embed crypto purchasing directly into their interfaces. Paybis provides:

• Direct URL integration with preset parameters
• API-based checkout for one-click payment routing
• Full-screen overlay mode via native iOS and Android SDKs
• Over 1,000 digital assets supported at the API level
• 80 fiat currencies and 70+ local payment methods
• US-specific ACH and Fedwire channels with daily limits up to $300,000
• No-KYC flow options for low-value transactions
• Analytics portal, fraud protection, and 24/7 business support

Tokens and Assets

Paybis has no native protocol token. The platform is a centralized service that facilitates access to external crypto assets. SOL is directly purchasable and is one of the small number of assets supported for sell-back transactions, giving it notable placement among the platform's most liquid supported pairs.

Regulatory and Security Status

Paybis obtained the MiCA Crypto Asset Service Provider (CASP) license and the Payment Institution (PI) license under PSD2 from the Bank of Latvia in May 2026. These licenses allow Paybis to operate across all EU and EEA member states without country-by-country registration. The company notes that while it is FCA-authorized in the UK, crypto assets held on the platform are not covered by the UK Financial Services Compensation Scheme (FSCS), consistent with standard FCA crypto registration terms.

Outside Europe: FinCEN MSB registration in the United States (EIN 87-1891757), FINTRAC registration in Canada, and a VASP registration in Poland.

The MiCA framework requires licensed exchanges to segregate client funds from company assets, publish pre-transaction fee disclosures, and maintain capital adequacy buffers. Paybis positioned its CASP authorization as a differentiator after July 2026, when the MiCA transition period closed and non-licensed operators became non-compliant across the EU — an event that forced several larger exchanges to suspend EU retail services.

Team and History

Paybis was founded in 2014 in Riga, Latvia by Innokenty Isers (CEO) and Konstantin Vasilenko (Co-Founder). Isers brings 15+ years in online businesses; Vasilenko co-founded the Latvian Blockchain Association and has over 20 years in IT. The leadership team also includes Andrew Moisejev (VP Engineering), Paul Afshar (CMO, two startup exits), Valera Barmin (CPO, 12 years fintech and algorithmic trading), and Miha Miklic (CTO, regulated fintech specialist).

As of 2026, the platform has processed over $5.5 billion in transaction volume for more than 6.9 million users and holds a near-perfect score on Trustpilot. The company operates registered entities in Latvia (SIA Paybis Europe, reg. 40203730951), the United Kingdom (Paybis LTD, reg. SC5339611), and the United States (Paybis USA LTD, EIN 87-1891757).

Solana Fit

Paybis is a consumer entry point into the Solana ecosystem rather than a protocol built on Solana. For users who want to acquire SOL from fiat using a familiar payment method — credit card, PayPal, Skrill, or a regional option like Pix or M-Pesa — Paybis is a direct path that does not require an account with a centralized exchange. SOL can be purchased and sent to any external Solana wallet address, making it compatible with onboarding flows for Solana dApps, NFT platforms, DeFi protocols, and gaming applications.

The B2B product extends this reach to application developers: a Solana wallet or dApp can embed Paybis's on-ramp API to let users fund their Solana wallets without leaving the application. Paybis's 180-country coverage, 70+ payment methods, and MiCA CASP licensing make it a practical option for Solana projects targeting European or global retail audiences that require a compliant, accessible fiat entry point.