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

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

One platform, numerous banking institutions.

What’s Monneo? Monneo is a Virtual IBAN provider, working together with a community 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 down legacy obstacles and connect online merchants with leading European banking institutions who are able to offer digital IBAN reports and electronic repayment solutions all over the world.

Several IBANs & worldwide re re payments through one screen

Monneo unlocks option for e commerce merchants. Through just one Monneo that is reliable interface merchants have access to digital IBANs supplied via a system of leading European banking institutions that help inbound and outbound worldwide re re payments through:

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

Solitary log-in for multi-IBAN reporting

Merchants can monitor and get a grip on use of one log-in to their reporting, even though reports are supplied by numerous banking institutions:

  • Solitary log-in for a view that is complete almost all their digital IBAN records, businesses and teams
  • Assign user that is different to various IBAN’s
  • Set rules at user-level

And a contactless MasterCard

Merchants can request to issue Mastercard that is physical debit to workers to allow them to access the organization’s funds. To ultimately achieve the many efficient cashflow, Monneo determines available funds on the basis of the merchant’s aggregated balance of most their records across every Monneo bank partner.

Services may 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. Today Apply

Monneo for lovers

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

The digital IBANs offered to your merchants through Monneo are sourced from a system of leading European banking institutions. They all are active SWIFT people so that your merchants will transact with A bic that is live by SWIFT as opposed to a passive BIC released by nationwide banking institutions to businesses by having a Payments Institution licence.

Make contact for more information

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 iban that is regular 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 own funds therefore securing customer funds all of the time.

Who is 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 institutions that are financial.

Is the IBAN that is virtual on company’s title?

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

What exactly are forbidden companies?

Monneo will not accept customers running in areas such as for instance: cryptocurrency, unregulated forex, unregulated video video video gaming, offshore/tax heavens etc. Consumers are evaluated and examined instance by instance by Monneo’s conformity.

Who provides/ problems the 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 a Virtual is obtained by me IBAN from numerous banking institutions?

Yes, based in your business design we might provide you with the matching banks that are supporting then you can select with which bank(s) you want to make use of.

Is Monneo economically regulated?

Yes, Monneo is managed by the Financial Conduct Authority (FCA) in the uk as an Authorised Payment Institution. Our guide quantity is: 802210.

What exactly is a safeguarding banking account?

A safeguarding banking account is a free account made to run customer funds just. Customer funds may not be accessed by any alternative party and 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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