Multi-Currency IBAN account
Our multi-currency business IBAN solutions allow your organisation to send and receive funds in 34 different currencies. Gain real-time access to competitive international exchange rates and streamline your international payment systems.
get startedMulti-Currency IBAN Key Features
Our multi-currency IBAN accounts have a number of key features to help enterprises excel when it comes to international and local payments:
Global fund transfer
Minimal conversion fees
Free instant payments
Currency diversification
Numerous payment networks
Unmatched security
How Our Multi-Currency IBAN Works
Get started with a Payset multi-currency IBAN in 3 easy steps:
1.
Register with us
2.
Distribute your account information
3.
Get started!
Businesses We Serve
Global payroll
- Pay employees, freelancers, and suppliers with low transfer fees
- Make payments in 38 separate currencies
- Ensure full regulatory and tax compliance
Ecommerce
- Send and receive payments in 34 currencies
- Easily withdraw from and deposit money into your IBAN account
- Enjoy free transfers to and from other Payset users
Freelancers
- Accept payments from international clients
- Enjoy minimal transfer fees
- Withdraw funds to your traditional bank account
Affiliate programs
- Pay affiliate partners in their native currency
- Track all payments from a user-centric dashboard
- Leverage reporting features
Start-ups
- Send and receive payments in up to 38 currencies
- Enjoy minimal transfer fees
- Manage all payments from one user-centric dashboard
Marketplaces
- Accept international payments with low transfer fees
- Receive international payments in your native currency
- Manage payments from multiple marketplaces
Import/Export
- Send & receive payments in up to 38 currencies
- Pay staff and suppliers via multiple payment networks
- Make cross-border payments with fast execution
B2B payments
- Easily pay suppliers and partners
- Make and receive payments in up to 38 currencies
- Send free transfers to/from Payset accounts
Small businesses
- Pay and get paid in up to 38 currencies
- Pay staff instantly for low or no fees
- Open up international markets
book a demo
Payset makes cross-border banking easy, affordable, and secure. Speak with one of our experts to explore the benefits of opening a Payset account.
book a demoMulti-Currency IBAN FAQ
What is a multi-currency IBAN?
A multi-currency IBAN (international bank account number) is a bank account that can take transactions and facilitate payments internationally across different currencies in one account. Our multi-currency IBANs offer competitive exchange rates, which can save you money when converting currencies.
The account is an alphanumeric code that can be used by banks across the world to make overseas payments to. A multi-currency IBAN allows you to seamlessly make overseas payments and receive payments in your own preferred currency.
What are the benefits of a multi-currency IBAN account?
A multi-currency IBAN account provides numerous benefits, including:
- Increased flexibility: If you’re a business who operates in multiple countries or works with overseas freelancers, having a payment platform that acts as a central platform to send and receive international payments can give you an advantage over your competitors. A multi-currency IBAN is ideal for a multitude of different businesses including start-ups, freelancers, ecommerce sites, and businesses who operate in online marketplaces.
- Protection from exchange rate fluctuations: A multi-currency IBAN account allows you to guard against exchange rate fluctuations. For example, if you have an account that offers multiple currencies, and the British pound falls in value against the US dollar, your account balance will still be in pounds. This serves as a great way to protect your savings from adverse market conditions.
- Streamline complex payment processes: If you’re a business who operates in multiple countries or works with overseas freelancers, having a payment platform that acts as a central platform to send and receive international payments can give you an advantage over your competitors.
What’s the difference between a multi-currency IBAN and a normal business bank account?
The main difference between a normal bank account and a multi-currency IBAN is that an IBAN is able to make and receive payments internationally. When a payment is made to an IBAN account, the funds are received and converted into a chosen currency, likewise when a payment is made the money is converted into the local currency.
Payment solutions to boost your business
As well our multi-currency IBAN account solutions, discover the other products and services we have to offer.
Get in touch
Get in touch with a member of our team to learn more about how our multi-currency IBANs can help your enterprise.
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