Get Set with Payset: The Way to Effortless Global Payments
For small and medium-sized businesses (SMBs), managing global payments can often feel overwhelming. Nearly 80% of SMBs still rely on traditional banks for international transactions, but over half report struggles with unfair pricing, slow processing, and lack of transparency.
Payset changes the game by providing fast, reliable multi-currency accounts with a level of efficiency and support that traditional banks just don’t match. Here’s how we’re making global payments simple and seamless so you can focus on what matters: growing your business.
Cut the Hassle: Say Goodbye to Hidden Fees and Long Delays
Traditional cross-border payments come loaded with delays, unpredictable fees, and red tape. Over half of SMBs cite unfair pricing as a key pain point, with nearly as many reporting frustrating delays.
With Payset, you don’t need to worry about surprise fees. Our pricing is straightforward and transparent—competitive FX rates, no hidden charges, local payment options, low transaction fees, and free, instant payments between Payset accounts.
Payset payments are 3x faster than traditional banks and our effortless KYC process will get you started in no time.
Open your Payset account today and experience it for yourself!
Unlock Local Payment Options That Work for You
Pay like a local, no matter where your business takes you. With Payset’s domestic virtual IBANs in key territories, including the UK, EU, and US, you can streamline transactions and reduce costs on cross-border payments. Whether you’re paying staff and suppliers or managing international operations, our solutions are designed to simplify your global payments.
One client says it all: “We switched to Payset for their speed and reliable support, and it transformed our approach to international payments.”
Want to hear more success stories? View more testimonials and see how Payset is empowering businesses like yours.
Open an account in 10 Minutes or Less
Time is money, and Payset respects both. Our onboarding process is as fast as it gets—your initial account setup will be complete in under 10 minutes with our fool-proof KYC process. Our team of “Paysetters” will get your business fully verified and ready to go in no time, providing expert support tailored to your needs every step of the way.
Experience White-Glove Service, Every Time
Payset doesn’t just process transactions; we’re here to support your growth. Our Paysetters offer white-glove service and personalized guidance to help you handle every facet of your cross-border payment portfolio, no matter how complex.
We make sure every interaction is seamless and supports the success of your business. We deliver when it counts: “Payset’s team always delivers on time with impeccable service,” says a long-time client.
Secure Flexible, Faster Payments with Multi-Currency Freedom
Payset’s multi-currency accounts make sending, receiving, and holding funds in up to 34 currencies effortless. Whether you’re in travel, hospitality, event planning, or any other industry with cross-border payment needs, you’ll appreciate the speed and flexibility that Payset provides. Plus, with real-time currency exchanges across 38 currency pairs, you get competitive rates without delays.
Make Global Payments Easy. Get Started with Payset Today!
Why keep struggling with outdated payment methods? Experience the speed, transparency, and personalized support that Payset offers—get started today and see how simple global payments can be, or book a demo to see Payset’s platform in action.
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
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