Virtual IBAN provider, electronic re re re payments for e-commerce and B2B merchants

Virtual IBAN provider, electronic re re re payments for e-commerce and B2B merchants

One platform, numerous banking institutions.

What exactly is Monneo? Monneo is a Virtual IBAN provider, working together with a system of European based banks. Monneo provides e commerce merchants with numerous bank records at numerous banking institutions. Monneo knows e-commerce.

Through our technology platform, we break straight down legacy obstacles and connect online merchants with leading European banking institutions who is able to offer digital IBAN reports and electronic repayment solutions all over the world.

Several IBANs & worldwide re re re re payments through one program

Monneo unlocks option for e commerce merchants. Through an individual dependable Monneo screen, merchants can access digital IBANs offered through a system of leading European banking institutions that help inbound and outbound worldwide re re re re payments through:

  • SWIFT multi-currency for worldwide re re re payments
  • SEPA Euro inside the Euro area
  • GBP Faster Payments and CHAPS in the united kingdom
  • FX re re re Payments in 134 currencies

Solitary log-in for multi-IBAN reporting

Merchants can monitor and get a grip on usage of their reporting with one log-in, even if records are offered by numerous banking institutions:

  • Solitary log-in for the view that is complete all of their digital IBAN reports, organizations and teams
  • Assign various individual access to various IBAN’s
  • Set rules at user-level

And a contactless MasterCard

Merchants can request to issue real Mastercard debit cards to workers for them to access the organization’s funds. To attain the many efficient cashflow, Monneo determines available funds on the basis of the merchant’s aggregated balance of all of the their reports across every Monneo bank partner.

Services could be put up in as low as one as long as the companies are based in the European Union week.

Merchants can use straight for virtual IBAN’s through Monneo here. Apply today

Monneo for lovers

Monneo is really a brand new method for PSPs, ISOs and Gateway providers to provide electronic banking solutions to online merchants.

The IBANs that is virtual available your merchants through Monneo are sourced from the system of leading European banking institutions. They all are active SWIFT users so that your merchants will transact using A bic that is live by SWIFT as opposed to a passive BIC granted by nationwide banking institutions to businesses having a Payments Institution licence.

Get in contact to learn more

your business

solitary or numerous


solitary graphical user interface

Banking system

numerous Virtual IBAN’s

Most frequently expected concerns

What exactly is a Virtual IBAN?

A Virtual IBAN is just a regular iban operationally. The Virtual IBAN’s issued via Monneo are linked to a bank that is safeguarded isolating customer funds from Monneo’s very very very very own funds therefore securing customer funds all the time.

Who are able to submit an application for a Virtual IBAN?

Monneo solutions EEA based, B2B clients (company to company). Monneo will not offer solutions to B2C (company to consumer), C2B (client to company) or other banking institutions.

Is the digital IBAN on my company’s title?

Yes, the Virtual IBAN is given to business, in your company’s title. Getting funds is always to beneficiary: “Your business title LTD”.

Exactly what are forbidden companies?

Monneo will not accept consumers running in industries such as for example: cryptocurrency, unregulated forex, unregulated video video video video gaming, offshore/tax heavens etc. Consumers are evaluated and assessed situation by situation by Monneo’s conformity.

Who provides issues that are Virtual IBAN?

Monneo works closely with a system of banking institutions that issue the Virtual IBAN’s, the IBAN’s you would get are released by banking institutions which Monneo is together with.

Can we obtain a Virtual IBAN from numerous banking institutions?

Yes, based in your enterprize model we might provide you with the matching supporting banks, then you’re able to select with which bank(s) you intend to make use of.

Is Monneo economically regulated?

Yes, Monneo is controlled because of the Financial Conduct Authority (FCA) in the uk being an Authorised Payment Institution. Our guide quantity is: 802210.

What exactly is a bank account that is safeguarding?

A safeguarding banking account is a free account built to run customer funds just. Customer funds may not be accessed by any party that is third are disconnected from Monneo’s organizations funds. The client funds held in the safeguarding bank account are at all times secured in the unlikely case of any financial defaults by Monneo.

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