A Preview of the New-Look Payset!
Over the coming months, Payset will be undergoing a complete metamorphosis. In addition to our new platform with advanced features, new services, better security, faster transactions, and more, we are launching a new, sleeker, more intuitive, and easy-to-use website. Today, we wanted to share some features of our new design!
Intuitive
We've put usability at the forefront of our new design, ensuring that information is clear, accessible, and easy to find.
Whether you're looking to explore our multi-currency accounts and currency exchange services, get a quote or book a demo, or simply discover more about us, you'll find everything at your fingertips.
Accessible
Payset is committed to accessibility. From easy navigation to clear and readable content, we strive to provide an accessible website that accommodates diverse needs.
Adaptive
Whether you're on your desktop, tablet, or smartphone, our design ensures easy and clear access to our content and features and an optimal interactive experience.
Beautiful
Our new design embodies our passion and dedication to providing the best. We've put our heart and soul into creating a visually stunning and captivating online experience for you.
From fresh colours to modern typography, every element has been carefully curated to create a unique and inspiring visual language.
If you'd like more information about the new Payset or about what we can do for your business, get in touch or book a free demo with one of our experts and ask us anything!
Frequently asked questions
What is a multi-currency account/virtual IBAN?
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- Funds can be deposited and withdrawn from the account for a small fee.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
Are there limits on the amount of money I can send and receive?
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.
How is Payset regulated?
Payset is regulated as an authorized Electronic Money Institution by the UK Financial Conduct Authority. Our activities are also regulated by the Payment Services Regulation 2017 and the Electronic Money Regulation 2011 (SI 2011/99).
How do I add money to my account?
How do I send money from my account?
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.
Types of Multi-Currency Accounts
Information contained in this publication is provided for general education and information purposes only and should not be construed as legal, tax, investment or other professional advice or recommendation, or an offer of, or solicitation for, any transactions or any other actions (or refraining therefrom); This material has been prepared without taking into account any particular recipient’s financial objectives or situation. We make no warranty, guarantee or representation, whether express or implied, as to the completeness or accuracy of the information contained herein or fitness thereof for a particular purpose; Use of images and symbols is made for illustrative purposes only and does not constitute a recommendation or advice to take or refraining from any action; Use of brand logos does not necessarily imply a contractual relationship between us and the entities owning the logos, nor does it represent an endorsement of any such entity by Pay Set Limited, or vice versa; Market information is made available to you only as a service, and we do not endorse or approve it; Any reference to past performance, predicted returns, or likelihood performance scenarios may not reflect actual future performance and certainly do not guarantee future outcomes.
