A multi-currency European IBAN wallet for receiving foreign currency, especially EUR, converting between held currencies and sending onward by SEPA or SWIFT. New Visa card issuance is now restricted to EEA residents, so most Algerians cannot get a card.
Status
| StatusWhether an Algerian can open it and whether it works. Not how many features it has. | Works |
|---|
Account details
| EUR IBANAn address for receiving euros from within the EEA, in your own name. | Yes |
|---|---|
| GBP accountAn account number and sort code for receiving British pounds from within the UK. | No There is no UK account number and sort code. Outside the eurozone you can only receive EUR, by SWIFT. |
| USD ACHAccount and routing numbers for receiving dollars sent from inside the United States. The cheap everyday rail — but the sender must be in the US. | No |
| USD wireDetails for receiving dollars sent from outside the United States. Works from almost anywhere, but costs more and takes longer than ACH. | No Money arrives as EUR over SWIFT into the same IBAN. There are no USD account details, so USD cannot be received as USD. |
| StablecoinAn address for receiving stablecoins such as USDT or USDC. | No |
What it costs
| Compared across banks | |
|---|---|
| OpeningA one-off charge to open the account. | Free |
| MonthlyWhat the account costs every month on the cheapest usable plan. | Free Paysera's 1 EUR monthly card fee never applies here, because no card can be issued to an Algerian. |
| Foreign spendCharged when the card currency differs from the merchant currency. | Not supported No card can be issued to an Algerian, so there is no card spending to charge for. |
| ATMWhat it costs to withdraw cash at an ATM. | Not supported No card can be issued to an Algerian, so there is no way to reach an ATM. |
| Virtual cardA one-off charge to issue a card that exists only in the app. | Not supported Ordering one returns "available for EEA residents only". The published price is 5 EUR, for those who can order one. |
| Physical cardA one-off charge to issue a plastic card posted to you. | Not supported The same EEA-residents-only refusal. The published price runs from 3 to 10 EUR, for those who can order one. |
| What else Paysera charges | |
| Leaving the account unused | 10 EUR/month Charged every month once the account has gone a year without use. That is the price from 1 August 2026; before it, 2 EUR a month after two years unused. |
| Currency conversion | No fixed spread published The rate is the real-time market rate plus a service margin, which varies by currency pair. |
| Transfers to other Paysera accounts | No rate published past the free 30 The first 30 transfers to other Paysera accounts each month are free. Paysera describes what follows only as a small fee, without publishing a figure. |
| SWIFT surcharge on a business account | +5–30 EUR On top of the standard transfer price. A financial service provider pays +5 EUR and a corporate account +30 EUR; no such surcharge is stated for a private account. |
Card
| TypeWhether the card is virtual, physical, or both. | None |
|---|---|
| NetworkWhich network the card runs on — this decides where it is accepted. | None |
Opening an account
| Sign-upWhich identity documents you need to open the account. | National ID OK |
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| PayingWhether you can use it to pay with PayPal. | No |
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| WithdrawingWhether you can move money from PayPal into it. | No |
Bank account — Paysera's European IBAN does not qualify. Card — No card can be issued to an Algerian, so there is nothing to link. An Algerian PayPal account can only link a US bank account. PayPal charges a flat $5 for an on-demand card withdrawal, and nothing for a scheduled monthly payout. This applies to every card, not just this one. | |
Paysera in particular
| Card for Algerians | Blocked at the last step Ordering the digital card returns "available for EEA residents only", confirmed by a direct test on 2026-08-04. The order flow is reachable up to the final step, so the block is not obvious until you try. |
|---|---|
| USD account details | SWIFT only No dedicated USD account details — SWIFT only, into the same IBAN. |
| Receiving in GBP | No GBP rail There is no GBP receiving rail: outside the eurozone only EUR can be received. |
| Multi-currency wallet | ~30 currencies A multi-currency wallet supporting around 30 currencies at near-interbank exchange rates. Confirmed as real balance-holding, not just send-side conversion, via Paysera's own wallet API docs. |
| Gold | Buy and hold XAU You can buy and hold gold (XAU) as an asset within the account. |