Payments Solutions for Marketplaces

Payments Businesses

Banks

Marketplaces

Fast global payments and virtual accounts for your sellers

API

Connect directly to our payments technology all with best-in-class efficiency, stability, and security

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Client Portal

Instant access to our payments technology via web with no integration needed

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SWIFT

Send and receive funds through our global network of correspondent banks

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Banking Circle enables Marketplaces to make fast, low cost local and cross-border payments to their sellers. With coverage across 24 currencies and access to local payments and collections, we provide a range of payment options to meet the needs of Marketplaces and their sellers.

Access global markets without the need to maintain multiple banking relationships
Local payments and collections in 11 currencies
Cross-border collections in 24 currencies
Fast, low cost payments compared with the traditional correspondent banking network
Speedy settlement with same-day local payments

Local payments and collections

Access multiple local markets through a single access point – without the need to maintain banking relationships in each jurisdiction.

Features & Benefits

Settle multiple currencies locally
Fast, low cost payments compared with the traditional correspondent banking network
Speedy settlement with same-day local payments
Access to global markets without the need for local banking relationships

Cross-border collections

Access low cost, fast payments in more than 24 currencies through our network of correspondent banking partners via the SWIFT network.

Features & Benefits

Available in 24 currencies
Flexible access – make payments via our API, the Client Portal or SWIFT
No limit to transaction value
Fast, low cost payments compared with the traditional correspondent banking network
Low transaction costs and fees for both payer and payee

Foreign Exchange

Banking Circle has access to a deep liquidity pool, with rates sourced from the world’s market-makers. Our highly-competitive rates are provided at pre-agreed margins and FX deals can be executed in real-time as treasury movements or outgoing single or bulk payments.

For FX brokers and professional FX treasury functions, our Real-time FX platform offers additional risk management tools.

Features & benefits

24 executable currencies
Auto-execution at pre-determined exchange rates available 24/5
Real-time, transparent indicative rates
Conversions and onward payments in a few clicks or file upload via our Client Portal
Automated processes via our APIs
Full reporting capabilities

SEPA Direct Debit

SEPA Direct Debit for one-off and recurring collections and payments within SEPA can be added to Banking Circle services.

Delivered by Banking Circle’s sister company, SEPAexpress, the SEPA Direct Debit service gives Marketplaces one of the simplest, safest and most convenient Alternative Payment Methods (APMs).

It can be used with any account within SEPA.

Features & benefits

Improve cashflow by reducing the risk of late payment
Lower transaction costs with one of the lowest APM fees
Offer easier payment automation without requiring the account holder’s interaction once the mandate is set up
Provide a flexible refund policy with no dispute within 8 weeks of settlement
Reduce payment reconciliation admin with automated and transparent processing of exceptions (cancellations, reversals and refunds)