Modulr vs Paynetics Card Issuing
Modulr
modulrfinance.com
Paynetics Card Issuing
paynetics.digitalSide by side
| Figure | Modulr | Paynetics Card Issuing |
|---|---|---|
| Price from | £16.25/mo | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Plans published | 12 | 1 |
| Spec score · Banking-as-a-Service Platforms | 8.5 (#4) | 7.9 (#9) |
| Accounts | Accounts are available in GBP, EUR and nine other currencies, with local IBANs in GB, NL, ES, FR and IE. | Issued cards can be linked to dedicated IBAN accounts and integrated into an eWallet. |
| Controls | Its card controls include spend limits, authorisation windows and merchant category code controls. | Partners can configure limits, controls, hierarchy, multiple products and pricing levels. |
| Headquarters | London, United Kingdom | Sofia, Bulgaria |
| Purpose | Modulr provides a single platform for automating how money moves into and out of a business. | Paynetics provides versatile, flexible card issuing for businesses. |
| Regulation | Modulr says it is licensed as an electronic money institution by the FCA in the UK and DNB in the Netherlands. | Paynetics AD is licensed by the Bulgarian National Bank and passported across the EU, while Paynetics UK Ltd is licensed by the FCA. |
| Security | Modulr says its cloud-first platform is designed for scale and security and displays ISO, BSI, Cyber Essentials and PCI marks on its site. | Paynetics offers a PCI-compliant SDK for secure card-data display without partners storing or processing sensitive data. |
| Support | The site provides customer support, fraud support and a service status page. | The company lists customer support at +44 (0) 330 223 6848 and [email protected]. |
Plans
Modulr
- Payroll Payments Bronze£16.25 a month
- Accounts Payable and Spend Management Bronze£20 a month
- Bronze£30 a month
- Bundle Bronze£30 a month
- Payroll Payments Silver£67.20 a month
- Accounts Payable and Spend Management Silver£75 a month
- Bundle Silver£110 a month
- Silver£110 a month
- Payroll Payments Platinum£300 a month
- Accounts Payable and Spend Management Platinum£320 a month
In their own words
Modulr
Modulr provides a platform for automating money moving into and out of a business. Its listed products cover payroll payments, accounts payable, spend management and collections. Accounts are available in GBP, EUR and nine other currencies, with local IBANs in GB, NL, ES, FR and IE. The platform supports instant GBP and EUR pay-ins and pay-outs, CHAPS, Bacs, SEPA and SWIFT. Businesses can issue virtual and physical Visa and Mastercard cards, with Apple Pay and Google Pay support; controls include spend limits, authorisation windows and merchant category code settings. Listed integrations include BrightPay, Sage, Xero, QuickBooks, Workforce and Conferma, while Sage Intacct is marked as coming soon. Developers have API documentation, guides and sandbox access. Modulr says it is licensed as an electronic money institution by the FCA in the UK and DNB in the Netherlands. It also states that it is not a bank and that customer funds are safeguarded rather than covered by FSCS. Paid plans are listed at £30 a month for Bronze, £110 a month for Silver and £500 a month for Platinum. The service is available on Android, iOS, web and API.
Paynetics Card Issuing
Paynetics Card Issuing provides configurable card programs for businesses and their partners. Its range includes physical, virtual, digitized prepaid, debit, credit, and business cards from Visa and Mastercard. Partners can customize card designs and configure rules, limits, controls, hierarchies, products, and pricing levels. Cards can be linked to dedicated IBAN accounts or integrated into an eWallet. The API platform supports digital onboarding and data exchange for compliance, risk analysis, and monitoring; its integration channel includes a REST API for accounts, issuing, transfers, and onboarding, plus a partner portal. Developer resources include APIs, SDKs, sandbox tools, and live operational status. Paynetics supports Apple Pay on iOS and an Android tokenisation solution based on Mastercard’s MDES protocol. A PCI-compliant SDK supports secure card-data display without partners storing or processing sensitive details. Physical card orders require at least 1,000 units, and manufacturing typically takes around two months. Pricing is on request.