One platform, numerous banking institutions.
What exactly is Monneo? Monneo is just a Virtual IBAN provider, dealing 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 straight straight down legacy obstacles and connect online merchants with leading European banking institutions who are able to offer digital IBAN records and electronic repayment solutions around the globe.
Several IBANs & worldwide re re payments through one program
Monneo unlocks option for e commerce merchants. Through an individual Monneo that is reliable interface merchants can access digital IBANs offered via 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 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 grip on use of their reporting with one log-in, even if reports are given by numerous banking institutions:
- Solitary log-in for a complete view across almost all their digital IBAN reports, businesses 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 to enable them to access the organizationвЂ™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 could be put up in as low as one week provided that the businesses are located in europe.
Merchants can put on straight for virtual IBANвЂ™s through Monneo here. Apply today
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 digital IBANs offered to your merchants through Monneo are sourced from a system of leading European banking institutions. All of them are active SWIFT users which means that your merchants will transact using A bic that is live by SWIFT in the place of a passive BIC granted by nationwide banking institutions to businesses with a Payments Institution licence.
Get in 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 iban that is regular 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 very own funds hence 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 client), C2B (client to company) or other institutions that are financial.
Is the Virtual IBAN to my companyвЂ™s title?
Yes, the Virtual IBAN is given to your business, on the companyвЂ™s title. Getting funds should be to beneficiary: вЂњYour business title LTDвЂќ.
Exactly what are forbidden companies?
Monneo will not accept customers running in areas such as for example: cryptocurrency, unregulated forex, unregulated video video video gaming, offshore/tax heavens etc. Consumers are evaluated and assessed situation by situation by MonneoвЂ™s conformity.
Who provides/ problems the Virtual IBAN?
Monneo works closely 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 together with.
Can we get yourself a Virtual IBAN from numerous banking institutions?
Yes, based in your business design we might provide you with the matching banks that are supporting you may then select with which bank(s) millionaire match mobile you intend to assist.
Is Monneo economically regulated?
Yes, Monneo is controlled because of the Financial Conduct Authority (FCA) in britain as 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 made to run customer funds only. Customer funds is not accessed by any alternative party and are disconnected from Monneo’s organizations funds. Within the not likely instance of every economic defaults by Monneo, your client funds held within the safeguarding bank account are in all times guaranteed.