Wallester AS

Payment service provider · Tallinn, Estonia

Wallester AS issues Visa cards. On one side it sells Wallester Business, a free multi-currency IBAN account with unlimited physical cards, virtual cards, spend limits, receipt capture and Xero and QuickBooks export. On the other it runs white-label card programmes so banks, lenders and fintechs can launch their own branded Visa cards, typically in four to eight weeks. It holds an Estonian payment institution licence from Finantsinspektsioon, is a Visa Principal Member and is certified PCI DSS Level 1. The audited 2025 accounts show revenue of EUR 27.9 million, up 63% on 2024, a profit of EUR 3.0 million and total assets of EUR 66.4 million.

Legal name: Wallester AS
Regulated by: Finantsinspektsioon (Estonian Financial Supervision and Resolution Authority), payment institution licence
Licence confirmed: yes, on a regulator's own list
Website: wallester.com

Scores, 0 to 10

9.0Business cards (Visa, Mastercard)

Unlimited free physical Visa card issuance on every plan, 300 to 18,000 free virtual cards by plan, disposable and custom-expiry virtual cards, per-card limits, merchant white-lists, instant issuance and Apple and Google Pay. · source

8.0Fast digital onboarding

Wallester states a free business account is up and running within 24 hours after online signup and verification, with no setup fee. · source

8.0Fintech companies that need a partner bank

White-label issuing, BIN sponsorship, payment processing, tokenisation, 3D Secure and KYC/KYB are sold to banks, lenders, fintechs and marketplaces as a core business line. · source

7.5Lowest fees

A genuinely free plan with 300 virtual cards, unlimited physical card issuance and free user accounts, though card FX at Visa rate plus 2%, 1.20% card top-up and 2% ATM fees add up in use. · source

7.0Europe (EU, EEA, Switzerland)

Licensed by Finantsinspektsioon as an Estonian payment institution operating across the European Economic Area, with multi-currency IBAN accounts and instant exchange in ten EEA currencies. · source

7.0Customer satisfaction

Trustpilot shows 4.2 out of 5 from 267 reviews; Wallester also cites 4.7 on G2 and 4.9 on Capterra on its own site. · source

6.0Online businesses: e-commerce and SaaS

Online retail and e-commerce marketplaces are named industries for card programmes, but Wallester issues cards rather than acquiring payments, so there is no collection account or settlement product. Virtual cards for subscriptions and cloud spend, an open developer API and direct Xero and QuickBooks integrations added in 2025, but no USD receiving account for a non-EEA firm and no revenue-based financing. · source

6.0Startups & VC-backed companies

The free plan and 24-hour account opening make it easy for a young company to start, but there is no financing, no venture debt and no startup programme. · source

6.0Financial strength & stability

Audited 2025 accounts show a third straight profitable year with EUR 3.0 million profit on EUR 27.9 million revenue and EUR 66.4 million of assets, but it is unrated, small and holds no deposit protection. · source

5.0United Kingdom

Wallester Business extends services to clients in the United Kingdom and the White-Label solution covers the UK, with GBP among the ten supported currencies, but the licence is Estonian and there is no FCA authorisation. · source

5.0Cross-border payments, FX and multi-currency accounts

Ten currencies with instant in-portal exchange at live rates, but card spending is charged at the Visa rate plus 2% and there is no SWIFT or non-EEA payment corridor. Multiple accounts, multi-currency balances, transfers between accounts, bulk payments up to 1,500 transactions and payroll exports, but no cash pooling, hedging or credit. · source

5.0Foreign-owned & non-resident companies

Clients are accepted across the EEA plus the UK, Ireland, Switzerland, Australia and the USA, but the personal vIBAN is granted subject to industry and country of incorporation and no accepted-country list is published. · source

4.5Off-ramp: crypto to fiat in a business account

Since 2026 a business can top up its Wallester account with USDC, credited as fiat, but only on request after the team confirms details, with minimum, maximum and fee given case by case. · source

4.0Crypto-friendly bank

Digital assets and exchange platforms are listed as a target industry for white-label card programmes, and USDC stablecoin top-up is supported, but no acceptance policy for crypto businesses is published. · source

4.0Stablecoins (USDC, USDT and others)

Business accounts can be funded with USDC only, one way into fiat and by manual request, with no stablecoin balances or stablecoin payouts, per the 2026 help centre. · source

3.5High-risk verticals (iGaming, cannabis, adult, forex)

Wallester publishes no acceptance policy for gambling, cannabis, adult or forex businesses; the only stated gate is that the personal vIBAN depends on industry and country of incorporation. · source

3.5On-ramp: buy crypto with fiat

Wallester sells no crypto; crypto exchanges such as KuCoin and WhiteBIT run card programmes on its licence, which shows it serves the sector, but there is no published way for a business to buy crypto or a policy on paying exchanges, so evidence is thin. · source

2.0Best interest on business balances

No interest is paid on balances and no savings or treasury product appears in the plan comparison. · source

1.5Trade, manufacturing & import-export

No letters of credit, guarantees or supply-chain finance; the products are cards, accounts and card issuing technology. · source

1.0Crypto wallet and custody for a business

Wallester is an Estonian payment institution that issues cards and holds EUR balances; its business pricing and help centre show no crypto wallet or custody, and USDC sent in is credited as fiat, checked September 2026. · source

1.0Accept crypto payments

The business pricing page lists card issuing, account and top-up fees but no crypto or stablecoin acceptance for merchants, checked September 2026. · source

1.0Bitcoin

No bitcoin buying, holding or transfer appears in Wallester's business pricing or top-up help pages; the only crypto accepted is USDC for top-ups, checked September 2026. · source

1.0Ethereum

No ether or ERC-20 service beyond the USDC top-up appears in Wallester's business pricing or help pages, checked September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.