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PanPay Standard Service Fee
Business Types
- 1. Business registered in HK/Mainland China
- 2. Foreign-registered, Chinese owned/managed business
Legal residents of China (Mainland, Hong Kong, Macao and Taiwan)
Low-risk business registered in HK/Mainland China/ Singapore/EU/UK/US
Legal residents of China (Mainland, Hong Kong, Macao and Taiwan)
High-risk business registered in HK/Mainland China/ Singapore/EU/UK/US
Legal residents of other low-risk countries
Low-risk business registered in HK/Mainland China
Account fees
Due diligence
Free
Free
€100
Account application review (Single Currency)
€10/account
€10/account
€10/account
Account application review (Multiple Currency)
€30/account
€30/account
€30/account
Account monthly maintenance
€5/account
€5/account
€5/account
Account closure （Balance remaining?）
Free
Free
Free
Payment fees (Internal)
Same currency internal transfer (incoming/outgoing)
Free
Free
Free
Payment fees (Incoming per transacton)
SWIFT SHA (except sanctions)
€1
0.1%,Min Fee €15
0.1%,Min Fee €15
ACH/Fedwire
€1
0.1%,Min Fee €15
0.1%,Min Fee €15
SEPA
€1
0.1%,Min Fee €15
0.1%,Min Fee €15
FPS/BACS/CHAPS
€1
0.1%,Min Fee €15
0.1%,Min Fee €15
If payment with related party transactions (compliance intensive)
Addtional 0.1%,Min Fee €15
No Addtional
No Addtional
Payment fees (Outgoing per transaction)
B2B
SWIFT SHA (except sanctions)
€15
0.1%,Min Fee €30
0.1%,Min Fee €30
SEPA
€2
0.1%,Min Fee €30
0.1%,Min Fee €30
If opting Express Link (selected currencies supported to Mainland/Hong Kong/UK/US/SEPA)
Addtional €30
Addtional €30
Addtional €30
If payment with related party transactions (compliance intensive)
Addtional 0.1%,Min Fee €15
No Addtional
No Addtional
B2C
Payment with individual (Compliance intensive)
0.1%,Min Fee €30
0.1%,Min Fee €30
0.1%,Min Fee €30
Payment fees (RMB Remittance per transaction)
RMB Remittance to Mainland China (1 Day)
0.4%-1.0%,Min Fee €15
0.4%-1.0%,Min Fee €15
0.4%-1.0%,Min Fee €15
RMB Quick Remittance to Mainland China (Real-Time)
1.0%,Min Fee €30
1.0%,Min Fee €30
1.0%,Min Fee €30
Other potential one-time fees
Entity profile modification/re-registration
€50
Stamped or signed PanPay account confirmation(confirmation letter /Account opening certificate /balance statement, etc.)
€50
RECALL/FRAUD of Incoming funds requested by remitting party
€30
Fees that incurred when the funds are returned by the remitting banks/receiving banks/intermediary banks because of the remitting/receiving party (wrong methods of payment, incorrect payment data, cancellation, investigation of the payment）
€50
Fees that incurred because the remitting party requests correction/cancellation of remittance when the instruction has already been sent.(It usually takes 7 business days after the request is initiated, and the exact timeframe cannot be guaranteed when an intermediary bank is involved, and some receiving banks may charge an additional fee)
€50
Fees that incurred because the remitting party requests to query remittance information when the remittance instruction has already been sent.(It usually takes 7 business days after the request is initiated, and the exact timeframe cannot be guaranteed when an intermediary bank is involved, and some receiving banks may charge an additional fee)
€50