Through Banking Circle, Payment Service Providers (PSPs) can offer virtual IBAN accounts to marketplace sellers who can thereby collect their proceeds in local currencies and take control of the foreign exchange conversions. Virtual IBANs are provided in bulk to PSPs, to enable quick allocation to sellers.

Virtual IBAN accounts through Banking Circle:

  • Easy and quick account setup across currencies
  • Available in GBP and EUR, with USD coming soon
  • Can be accessed and utilised through the Banking Circle web platform or via the Banking Circle API
  • FX capability to enable conversions and payments to sellers
  • Reporting capability allows full visibility and reconciliation
  • Local EUR SEPA and GBP BACS/Faster Payments collection capability

 

Other Solutions
Compliance

Banking Circle’s compliance model provides Payments businesses and Banks and their customers with fully secure and compliant transactions.

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Payments

Banking Circle provides a range of offerings to meet the payments needs of Banks and Payments businesses, and their customers.

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FX

Banking Circle delivers access to a global IBAN account infrastructure, through a platform from which they can trade forex and make international payments.

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Virtual IBAN

Banking Circle Virtual IBAN allows Banks and Payments businesses to issue multi-currency IBAN accounts for customers in their own name.

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Get in touch

Email us at info@bankingcircle.com and our team will be in touch shortly.

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