Polish Virtual IBAN accounts for collections

Banking Circle is now offering Payments businesses locally-formatted Polish Virtual IBAN accounts – allowing you to collect payments for your underlying customers in Polish Zloty (PLN).

Extend your collections offering in the Polish market by providing your customers with unique, addressable Virtual IBANs to collect funds in their own name, in local currency.

Benefits of Polish Virtual IBAN accounts for collections:

  • Enable your customers to receive payments locally in PLN
  • Virtual IBAN accounts allow for collections in your customer’s own name
  • Quick set up and easy allocation of Virtual IBANs to your customers
  • Marketplace sellers can be allocated as many Virtual IBANs as required

Account and card top up payments can also be made by card issuers in Polish Zloty, as well as for card and Alternative Payment Method funds, where funds are being settled from scheme to acquirer and for the subsequent pay-out to merchants.

Full reconciliation reporting is available via the Banking Circle API, Client Portal (web), SFTP, and SWIFT.

To start using Polish Virtual IBAN accounts for collections, or for any questions, please get in touch using our Contact Us form.

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