A Payset multi-currency account allows you to receive money in 34 different currencies and send money in up to 38 currencies, all within the same account. 

You can deposit and withdraw funds, convert currencies at competitive exchange rates, and hold your chosen currencies to capitalize on market movements.  

A Payset multi-currency account allows startups and business owners to receive payments from clients virtually anywhere in the world and pay suppliers, staff, and contractors quickly and affordably in their chosen currency.

• Funds can be deposited and withdrawn from the account for a small fee.
• Account holders can send and receive money with other Payset users for free.
• Depending on your region, you can use various payment networks from your Payset account, including SWIFT, SEPA, ACH, Fedwire, Faster Payments, BACS, and CHAPS. 
• Once you register an account, you will be provided with a Virtual IBAN (International Bank Account Number), which makes all of these transfers easy.
• We provide you with local payments and collections. For example, transactions in USD, EUR, CAD, and GBP are processed through the local payment networks, which is far cheaper and takes minutes as opposed to days

No, there are no transaction limits on Payset multi-currency accounts.

However, higher-volume transactions may require additional anti-fraud verification. If you plan to make a large transaction, contact us in advance to avoid verification delays.

Payset allows you to receive payments in 34 currencies. You can send payments from your account in 38 currencies. For more details, check our payment guide.

You can add money to one of your Payset currency balances in one of three ways:

• Provide the account information to any person or company to pay you funds into the account from any bank account in the world.
• Send money to your account from another one of your accounts in another financial institution.
• Ask another Payset user to send you funds internally.

Once you have opened your verified IBAN account and added money to a balance, transferring funds is simple.

Simply log in into your account and add a beneficiary, then simply “make a transfer” in your preferred currency to that beneficiary.

The best multi-currency accounts offer support for a large number of foreign currencies, plus affordable rates and fast transaction times. Payset competes with the best: our multi-currency account offers support for 38 currencies and transaction rates as low as 0.45%.

Foreign currency accounts are useful if you plan to make international transactions. They’re ideal for small businesses, startups, e-commerce services, and freelancers. 

They’re also useful if you work in global payroll, affiliate marketing, importing/exporting, or B2B payments — all of which usually handle multiple currencies in everyday operations.

Payset offers one of the most affordable ways to send money internationally. If you’re sending money between Payset accounts the transfer is free and instant. 

We offer transfer rates as low as 0.45% (plus currency conversion and account fees). By comparison, many other payment services charge 3% or more on every transaction.

We also offer the ability to send local payments to/from the UK, EU, USA, and Canada, meaning you can take advantage of local payment networks and lower fees by banking like a local in any of these regions.