PayPal
Connect a card or bank account to pay at participating online checkouts. You can also send, request and receive eligible payments using a PayPal account. Business users can accept customer payments online.
Compare Online Payment Services in Cyprus
Paying online? Sending money abroad? Looking for an account you can access from your phone?
There is more to Cyprus banking than traditional banks. PayPal, Revolut, Western Union and Wise all offer ways to pay, receive, hold or transfer money online.
Compare Cyprus online payment options, see how they work, and find the best fit for your needs.
Providers
Online Payment Services Available in Cyprus
Compare online payment services in Cyprus that make sending and receiving money online easy.
Your needs mostly dictate your choice. Some Cyprus online payment services are more suitable for getting paid for your work, while others are better for quick transfers between friends or sending money abroad.
View PayPal
Revolut
Hold and exchange money, receive payments, make bank transfers and spend with physical or virtual cards. The app also includes tools for managing spending, cash withdrawals and recurring payments.
Western Union
Send money online, through the app or from an agent location. Depending on the destination, the recipient may be able to collect cash or receive the money in a bank account, mobile wallet or eligible card account.
Wise
Hold and convert multiple currencies, receive eligible payments, send money internationally and spend using a Wise card. Personal and business services are available.
Use cases
What Can You Use Cyprus Online Payment Services For?
You can pay online, send and receive money, spend with a card, or manage different currencies. The exact options depend on the service, where the money is going, and how you want to use it.
Start with what you need to do, then compare the services that support it.
Paying for Online Purchases
You can select PayPal directly at participating checkouts, allowing you to pay through your account without entering your card details into every website.
With Revolut or Wise, you pay online using the physical or virtual card details, just as you would with a bank card. The provider takes the payment from your available balance and converts the money if you do not already hold the purchase currency.
Sending Money to Another Person
You can use these services to send money to friends or family, pay someone back, cover expenses abroad, or move money to one of your own accounts in another country.
Wise and Revolut support transfers to bank accounts, while PayPal lets you pay another PayPal user. Western Union lets you send from Cyprus to a bank account or arrange cash pickup. Some destinations also support delivery to a mobile wallet or eligible card.
Receiving Money
You can use these services to receive money from family, split shared costs or collect payments from clients abroad.
Someone can pay you through the email address linked to your PayPal account or transfer money to account details provided by Wise or Revolut. Western Union also lets someone send money to Cyprus for collection as cash. Once the money arrives, you can withdraw it, convert it or spend it directly where the service supports that option.
Spending With a Physical or Virtual Card
Revolut and Wise provide payment cards to eligible customers in Cyprus. You can use their cards for everyday and online purchases wherever the relevant card network is accepted.
Compare card delivery costs, cash withdrawal allowances, foreign spending charges and the controls available within the app.
Holding and Converting Currencies
Revolut and Wise both let eligible customers hold and convert multiple currencies. This can be useful if you travel, receive income from abroad, pay overseas suppliers or regularly transfer money between countries.
With PayPal, you can receive and keep supported currencies in separate balances, then convert them when you pay or withdraw. With Western Union, you enter the amount you want to send, and it shows the exchange rate and the amount the recipient will get before you confirm.
Managing Business Payments
You can also use online payment services to collect customer payments, pay suppliers, manage company spending or move money between currencies.
PayPal Business supports online checkout and invoicing. Revolut Business and Wise Business provide separate business accounts for sending, receiving, spending and converting company money. Available tools can include payment cards, multi-currency balances, team access and connections to accounting or ecommerce platforms.
Do not use a personal account for regular company transactions unless the provider's terms allow it. Business accounts have their own eligibility rules, verification requirements, fees and transaction limits.
Which service
Which Cyprus Online Payment Service Do You Need?
A service that is great for occasional transfers can be quite expensive and restrictive if you start using it for business. Fees and costs can also change depending on where you're sending money to.
Choose the situation closest to yours to narrow down the options.
I Want an Everyday Digital Account
You are after something that can handle most of your day-to-day money from one app.
Revolut gives you an account and card, with transfers and currency exchange built in. Look at the plan limits if you expect to withdraw cash often or exchange larger amounts.
I Send Money Between Countries and Currencies
You want to know what the transfer will cost and how much will reach the other account.
Wise is great for international bank transfers and shows the exchange rate and fee before you send. Wise also allows you to hold different currencies and convert them when you choose.
I Shop Often or Get Paid Online
You need an account that works in a lot of online stores or gives clients a familiar and easy way to pay you.
PayPal gives you both, and it doesn't require you to share your card or bank details with the other party.
I Need More Ways to Send Money Abroad
You need to send money from Cyprus and want the option to do it online or at a local agent.
Western Union accepts card payments online, while in-person transfers can be paid in cash at an agent location in Cyprus. The recipient can collect cash in more than 200 countries and territories or receive the money in their bank account.
I Run an Online Business
You need to collect customer payments, pay suppliers, manage company spending or work across different currencies.
PayPal Business supports online checkout, payment links and invoices. Revolut Business combines payment collection with transfers, multi-currency accounts and company cards, while Wise Business focuses on receiving, sending and converting money across currencies.
Compare transaction fees, settlement currencies, withdrawal costs, team access and integrations with your ecommerce or accounting tools. Use a dedicated business product for regular commercial activity, as personal accounts may restrict business transactions.
How to choose
How to Choose an Online Payment Service in Cyprus?
To choose an online payment service in Cyprus, compare the total cost, recipient amount, transfer speed, limits, access to your money, and customer support.
What Does it Cost in Total?
Most providers allow you to open a standard account or profile free of charge. Paid plans are optional and come with additional features or higher usage allowances.
Charges apply when you convert currencies, make international transfers, fund a payment by card, or withdraw cash. Your bank or ATM may also add its own fee.
How Much Will the Recipient Get?
For international transfers, the real test is how much arrives. Enter the same sending amount with each provider and compare what the recipient gets. This shows the combined effect of the transfer fee and exchange rate.
Request the quotes at roughly the same time, since exchange rates can change throughout the day. Use the same delivery method too, as the cost may change depending on whether the money goes to a bank account or is collected in cash.
How Quickly Will the Money Arrive?
Some transfers arrive within minutes, while others need several working days. That estimate can depend on how you pay, where you are sending the money, and how the recipient receives it.
Use the delivery estimate shown for your exact transaction. Claims such as “instant transfers” may only apply between users of the same service or when you choose a particular payment route.
How Can You Access Your Money?
If you plan to keep a balance with the provider, find out how you can use it. Check if a physical or virtual card is available in Cyprus and if you can withdraw cash or move the balance back to your standard bank account.
Some services are good for moving money, while others cover more of your everyday spending.
What Support is Available?
If a transfer is delayed or access to your account is restricted, you may need customer support. Compare the available contact methods and how much effort it takes to reach a real person.
To decide among providers, check the support hours, what people complain about, available languages, and if they use AI or human support.
Services vs banks
Online Payment Services vs Banks
Can an online payment service replace your bank?
If you want to shop online, send money, exchange currencies or use a separate card for spending, one of these services can cover everything you need. You can also use it alongside a Cyprus bank account without moving your salary, bills and savings to a new provider.
A Cyprus bank is a better fit when you need one account for your salary, direct debits and cash deposits. It also gives you access to lending and branches. If most of your money stays in euros and moves within Cyprus or SEPA, a local bank account is all you need.
Guides
Cyprus Online Payment Guides
Learn more about paying online, using money apps, making international transfers and managing currencies from Cyprus.
Banking guide
1 min read
How to open a bank account in Cyprus
Documents, residency checks and what to expect from remote versus branch opening.
Read guideBanking guide
1 min read
Bank account fees explained
Account maintenance, plus separate card, ATM and transfer costs.
Read guideBanking guide
1 min read
Local bank vs Revolut
How a local current account compares with a digital alternative for everyday use.
Read guide