Virtual IBAN provider, electronic re payments for e-commerce and B2B merchants
One platform, numerous banking institutions.
What’s Monneo? Monneo is just 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 straight straight down legacy obstacles and connect online merchants with leading European banking institutions who is able to offer digital IBAN records and electronic repayment solutions all over the world.
Several IBANs & worldwide re re re re payments through one software
Monneo unlocks option for e commerce merchants. Through just one Monneo that is reliable interface merchants have access to 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 international re re re payments
- SEPA Euro in 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 handle on usage of their reporting with one log-in, even if records are supplied by numerous banking institutions:
- Solitary log-in for a view that is complete each of their digital IBAN reports, organizations and teams
- Assign various individual access to various IBANвЂ™s
- Set rules at user-level
And a contactless MasterCard
Merchants can request to issue Mastercard that is physical debit to workers for them to access the businessвЂ™s funds. To ultimately achieve the many efficient cashflow, Monneo determines available funds on the basis of the merchantвЂ™s aggregated balance of all of the their records across every Monneo bank partner.
Services may be put up in as low as one week provided that the firms are located in europe.
Merchants can put on straight for virtual IBANвЂ™s through Monneo here. Today Apply
Monneo for lovers
Monneo is really a way that is new 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 a community of leading European banking institutions. All of them are active SWIFT users so that your merchants will transact using a real time bic granted by SWIFT in the place of a passive BIC given by nationwide banking institutions to organizations having a Payments Institution licence.
Make contact to learn more
Multiple or single
solitary graphical user interface
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 IBANвЂ™s issued via Monneo are linked to a bank that is safeguarded breaking up customer funds from MonneoвЂ™s very very own funds therefore securing customer funds all of 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 (consumer to company) or any other finance institutions.
Is the digital IBAN to my companyвЂ™s title?
Yes, the Virtual IBAN is released to business, in your companyвЂ™s title. Getting funds should be to beneficiary: вЂњYour business title LTDвЂќ.
What exactly are forbidden companies?
Monneo doesn’t accept customers running in areas such as for example: cryptocurrency, unregulated forex, unregulated video video video gaming, offshore/tax heavens etc. customers are evaluated and assessed situation by instance by MonneoвЂ™s conformity.
Who provides/ problems the Virtual IBAN?
Monneo works together with a system of banking institutions that issue the Virtual IBANвЂ™s, the IBANвЂ™s you would get are given by banking institutions which Monneo is with together with.
Can we get yourself a Virtual IBAN from numerous banking institutions?
Yes, based on your own business design we might provide you with the matching supporting banks, then you’re able to select with which bank(s) you intend to utilize.
Is Monneo economically regulated?
Yes, Monneo is controlled because of the Financial Conduct Authority (FCA) in britain being an Authorised Payment Institution. Our guide quantity is: 802210.
What’s 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. Within the not likely situation of any monetary defaults by Monneo, your client funds held when you look at the safeguarding bank account have reached all times guaranteed.