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 a Virtual IBAN provider, working together with a community of European based banks. Monneo provides e-commerce merchants with numerous bank records at numerous banking institutions. Monneo knows eCommerce.
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 re payments through one user interface
Monneo unlocks option for e-commerce merchants. Through an individual dependable Monneo program, merchants have access to digital IBANs offered through a community of leading European banking institutions that help inbound and outbound worldwide re re payments through:
- SWIFT multi-currency for worldwide re re payments
- SEPA Euro inside the Euro area
- GBP Faster Payments and CHAPS in britain
- FX re re Payments in 134 currencies
Solitary log-in for multi-IBAN reporting
Merchants can monitor and get a grip on usage of their reporting with one log-in, even though records are supplied by numerous banking institutions:
- Solitary log-in for a view that is complete each of their digital IBAN reports, businesses and teams
- Assign various individual access to various IBAN’s
- Set rules at user-level
And a contactless MasterCard
Merchants can request to issue real Mastercard debit cards to workers to allow them to access the organization’s funds. To ultimately achieve the many cashflow that is efficient Monneo determines available funds on the basis of the merchant’s aggregated balance of most their records across every Monneo bank partner.
Services could be arranged in less than one as long as the companies are based in the European Union week.
Merchants can put on straight for virtual IBAN’s through Monneo here. Today Apply
Monneo for lovers
Monneo is really a brand new method for PSPs, ISOs and Gateway providers to provide electronic banking solutions to online merchants.
The IBANs that is virtual available your merchants through Monneo are sourced from a community of leading European banking institutions. They all are active SWIFT people which means that your merchants will transact via a real time bic given by SWIFT in the place of a passive BIC granted by nationwide banking institutions to organizations having a Payments Institution licence.
Make contact to learn more
your organization
Multiple or single
Monneo
solitary interface
Banking system
numerous Virtual IBAN’s
Most frequently expected concerns
What exactly is a Virtual IBAN?
A Virtual IBAN is really A iban that is regular operationally. The Virtual IBAN’s issued via Monneo are linked to a safeguarded bank reports 
isolating customer funds from Monneo’s very very very very own funds hence securing customer funds all of the time.
Who are able to submit an application for a Virtual IBAN?
Monneo solutions EEA based, B2B clients (company to company). Monneo will not offer solutions to B2C (company to consumer), C2B (consumer to company) or other institutions that are financial.
Is the IBAN that is virtual on company’s title?
Yes, the Virtual IBAN is released to your organization, in your company’s title. Getting funds should be to beneficiary: “Your business title LTD”.
Exactly what are forbidden companies?
Monneo will not accept consumers running in industries such as for instance: cryptocurrency, unregulated forex, unregulated video video video gaming, offshore/tax heavens etc. customers are evaluated and examined instance by instance by Monneo’s conformity.
Who provides/ problems the Virtual IBAN?
Monneo works together a system of banking institutions that issue the Virtual IBAN’s, the IBAN’s you would get are released by banking institutions which Monneo is with together with.
Can a Virtual is obtained by me IBAN from numerous banking institutions?
Yes, based in your business structure we might provide you with the matching banks that are supporting you may then select with which bank(s) you intend to make use of.
Is Monneo economically regulated?
Yes, Monneo is managed because of the Financial Conduct Authority (FCA) in britain being an Authorised Payment Institution. Our guide quantity is: 802210.
What’s a bank account that is safeguarding?
A safeguarding banking account is a merchant account made to run customer funds just. Customer funds may not be accessed by any alternative party and are disconnected from Monneo’s businesses funds. The client funds held in the safeguarding bank account are at all times secured in the unlikely case of any financial defaults by Monneo.