Virtual IBAN provider, electronic re re re re payments for e commerce and B2B merchants

One platform, numerous banking institutions.

What exactly is Monneo? Monneo is really a Virtual IBAN provider, using the services of a community of European based banks. Monneo provides e commerce merchants with numerous bank reports at numerous banking institutions. Monneo knows e-commerce.

Through our technology platform, we break straight straight straight straight down legacy obstacles and connect online merchants with leading European banking institutions who is able to offer digital IBAN records and payment that is digital across the world.

Several IBANs & worldwide re re payments through one user interface

Monneo unlocks option for e-commerce merchants. Through just one Monneo that is reliable interface merchants have access to digital IBANs offered through a system of leading European banking institutions that help inbound and outbound worldwide re re re payments through:

  • SWIFT multi-currency for worldwide re re payments
  • SEPA Euro inside the Euro area
  • GBP Faster Payments and CHAPS in the united kingdom
  • FX re re re re Payments in 134 currencies

Solitary log-in for multi-IBAN reporting

Merchants can monitor and get a grip on usage of one log-in to their reporting, even though records are given by numerous banking institutions:

  • Solitary log-in for a view that is complete almost all their digital IBAN records, businesses and teams
  • Assign user that is different to various IBAN’s
  • Set rules at user-level

And a contactless MasterCard

Merchants can request to issue Mastercard that is physical debit to employees for them to access the organization’s funds. To attain the many efficient cashflow, Monneo determines available funds on the basis of the merchant’s aggregated balance of most their reports across every Monneo bank partner.

Services could be put up in less than one week so long as the businesses are situated in europe.

Merchants can apply straight for virtual IBAN’s through Monneo here. Today Apply

Monneo for lovers

Monneo is just a brand new method for PSPs, ISOs and Gateway providers to produce electronic banking solutions to online merchants.

The digital IBANs offered to your merchants through Monneo are sourced from a system of leading European banking institutions. They all are active SWIFT people which means that your merchants will transact via A bic that is live by SWIFT in place of a passive BIC released by nationwide banking institutions to businesses having a Payments Institution licence.

Make contact to learn more

your organization

solitary or numerous


solitary graphical user interface

Banking system

numerous Virtual IBAN’s

Most frequently expected concerns

What exactly is a Virtual IBAN?

A Virtual IBAN is really a regular iban operationally. The Virtual IBAN’s issued via Monneo are attached to a bank that is safeguarded isolating customer funds from Monneo’s very very very own funds therefore securing customer funds all the time.

Who are able to submit an application for a Virtual IBAN?

Monneo solutions EEA based, B2B clients (company to company). Monneo doesn’t offer solutions to B2C (company to client), C2B (consumer to company) or any other banking institutions.

Is the IBAN that is virtual on company’s title?

Yes, the Virtual IBAN is released to your business, on your own company’s title. Getting funds is always to beneficiary: “Your business title LTD”.

What exactly are forbidden companies?

Monneo will not accept consumers running in industries such as for example: cryptocurrency, unregulated forex, unregulated video video video gaming, offshore/tax heavens etc. Consumers are evaluated and examined situation by situation by Monneo’s conformity.

Who provides/ problems the Virtual IBAN?

Monneo works together with a community of banking institutions that issue the Virtual IBAN’s, the IBAN’s you would get are granted by banking institutions which Monneo is together with.

Can a Virtual is obtained by me IBAN from multiple banking institutions?

Yes, based on your own business design we’d provide you with the matching banks that are supporting then you can select with which bank(s) you intend to make use of.

Is Monneo economically regulated?

Yes, Monneo is controlled by the Financial Conduct Authority (FCA) in the uk being an Authorised Payment Institution. Our guide quantity is: 802210.

What’s a bank account that is safeguarding?

A safeguarding banking account is a free account made to run customer funds just. Customer funds can’t be accessed by any party that is third are disconnected from Monneo’s businesses funds. When you look at the not likely situation of every economic defaults by Monneo, your client funds held when you look at the safeguarding bank account have reached all times guaranteed.