One platform, numerous banking institutions.
What’s Monneo? Monneo is just a Virtual IBAN provider, using the services of a system of European based banks. Monneo provides e-commerce merchants with numerous bank reports 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 payment that is digital across the world.
Several IBANs & worldwide re re payments through one screen
Monneo unlocks option for e commerce merchants. Through an individual dependable Monneo screen, merchants have access to digital IBANs supplied via a community of leading European banking institutions that help inbound and outbound worldwide 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 britain
- FX re re re re Payments in 134 currencies
Solitary log-in for multi-IBAN reporting
Merchants can monitor and get a handle on use of one log-in to their reporting, even though reports are supplied by numerous banking institutions:
- Solitary log-in for the view that is complete almost all their digital IBAN reports, businesses and teams
- Assign user that is different to various IBANвЂ™s
- Set rules at user-level
And a contactless MasterCard
Merchants can request to issue real Mastercard debit cards to workers so that they can access the businessвЂ™s funds. To attain the many efficient cashflow, Monneo determines available funds on the basis of the merchantвЂ™s aggregated balance of all of the their reports across every Monneo bank partner.
Services is put up in less than one week provided that the businesses are situated in europe.
Merchants can put on straight for virtual IBANвЂ™s through Monneo here. Apply today
Monneo for lovers
Monneo is just a brand new means for PSPs, ISOs and Gateway providers to supply electronic banking solutions to online merchants.
The digital IBANs offered to your merchants through Monneo are sourced from a community of leading European banking institutions. They all are active SWIFT people which means that your merchants will transact using A bic that is live by SWIFT in place of a passive BIC granted by nationwide banking institutions to organizations by having a Payments Institution licence.
Make contact for more information
solitary or numerous
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 attached to a bank that is safeguarded isolating customer funds from MonneoвЂ™s very very very very own funds therefore securing customer funds all the time.
Who are able to make 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 other finance institutions.
Is the IBAN that is virtual on companyвЂ™s title?
Yes, the Virtual IBAN is given to your organization, on the companyвЂ™s title. Getting funds should be to beneficiary: вЂњYour business title LTDвЂќ.
What exactly are forbidden companies?
Monneo will not accept customers running in industries such as for example: cryptocurrency, unregulated forex, unregulated video gaming, offshore/tax heavens etc. customers are evaluated and examined situation by situation by MonneoвЂ™s conformity.
Who provides issues that are Virtual IBAN?
Monneo works closely with a community of banking institutions that issue the Virtual IBANвЂ™s, the IBANвЂ™s you would get are released by banking institutions which Monneo is with together with.
Can we get yourself a Virtual IBAN from numerous banking institutions?
Yes, based in your business design we might give you 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 managed by the Financial Conduct Authority (FCA) https://datingrating.net/koreancupid-review 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 can’t be accessed by any 3rd party and are disconnected from Monneo’s businesses funds. When you look at the not likely situation of every economic defaults by Monneo, your client funds held when you look at the safeguarding bank account have reached all times guaranteed.