The fintech world is gradually closing its doors to Ukrainians without EU tax status.
❌ Revolut — closing accounts
❌ Wise — effectively 'read-only'
⚠️ PayPal — partially functional
❌ Stripe — only available with EU residency
What does this mean in practice — and what can you actually use going forward?
🏦 Revolut — the official 'window' is now closed.
📅 December 22, 2025 — users with Ukrainian residency received notifications about account closures.
🔎 Reason:
🔹️No NBU license
🔹️Lack of tax status in the EU
✅ Works only for those who:
🔹️Has permanent residence / temporary protection in the EU
🔹️Can verify address and TIN
➡️ For Ukrainians in Ukraine — the game is over.
💸 Wise — quiet winding down.
Once the top choice for freelancers and volunteers.
Today:
❌ New registration with UA — no
❌ Cards — no
❌ Transfers from Ukraine — no
✅ Only receiving funds from abroad → to Ukrainian card
Wise → one-way gateway, not a fintech.
🟡 PayPal — semi-open doors.
What you can do:
✅ P2P transfers
✅ Withdrawal to UA card
What you cannot do:
❌ Store balance
❌ Work with Stripe / Patreon / Etsy
❌ Full-fledged business
➡️ For donations — OK. For work — no.
💶 TransferGo — simple transfers.
✔️ Fast
✔️ Transparent
✔️ Stable
❌ No accounts
❌ No cards
❌ Only 'from abroad → to Ukraine'
🧩 Who else is holding on?
🔹 Payoneer
Works with Upwork / Fiverr / Amazon
Withdrawal to Ukraine via bank
Fees up to 2%
❌ Not for daily expenses
🔹 Paysera (LT)
IBAN + SEPA
Card only with EU permanent residence
🔹 ZEN.com 🇵🇱
🔥 New favorite among Ukrainians:
Registration with UA passport
Multi-currency + virtual cards
Transfers to Ukraine with minimal fees
❌ No physical card in UA
₿ Crypto — when the 'gray zone' works better.
While fintechs are stepping back, crypto remains.
✔️ Binance / WhiteBIT / P2P
✔️ UAH ↔ USDT ↔ EUR
✔️ Fast, global, no IBAN
⚠️ Banks flag as high-risk
⚠️ Responsibility — on the user
The fact is: crypto is now replacing what Revolut and Wise have lost.
💬 Conclusion:
The gray zone is not a choice, but a consequence:
🔹️Restrictions
🔹️Lack of licenses
🔹️Closed doors of the global fintech
And as long as there is no fully legal alternative, Ukrainians will continue balancing between banks, crypto, and workarounds.
📌 The longer this lasts, the harder it will be to bring people back into the 'white' financial system.
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