One platform, numerous banking institutions.
What’s Monneo? Monneo is a Virtual IBAN provider, using the services of a system 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 down legacy obstacles and connect online merchants with millionaire match maker club leading European banks who is able to offer digital IBAN records and electronic repayment solutions across the world.
Several IBANs & worldwide re re re payments through one screen
Monneo unlocks option for e commerce merchants. Through just one dependable Monneo screen, merchants have access to digital IBANs supplied through a community of leading European banking institutions that help inbound and outbound worldwide re re re re payments through:
- SWIFT multi-currency for worldwide re payments
- SEPA Euro inside the Euro area
- GBP Faster Payments and CHAPS in britain
- FX re re re Payments in 134 currencies
Solitary log-in for multi-IBAN reporting
Merchants can monitor and get a handle on use of one log-in to their reporting, even though reports are offered by numerous banking institutions:
- Solitary log-in for the complete view across each of their digital IBAN reports, organizations and teams
- Assign various individual access to various IBAN’s
- Set rules at user-level
And a contactless MasterCard
Merchants can request to issue Mastercard that is physical debit to workers to enable them to access the organization’s funds. To ultimately achieve the many efficient cashflow, 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 put up in less than one as long as the companies are based in the European Union week.
Merchants can use straight for virtual IBAN’s through Monneo here. Today Apply
Monneo for partners
Monneo is a brand new method for PSPs, ISOs and Gateway providers to supply electronic banking solutions to online merchants.
The IBANs that is virtual available your merchants through Monneo are sourced from a system of leading European banking institutions. All of them are active SWIFT users so that your merchants will transact using A bic that is live by SWIFT in the place of a passive BIC released by nationwide banking institutions to organizations by having a Payments Institution licence.
Get in contact for more information
your business
solitary or numerous
Monneo
solitary interface
Banking system
numerous Virtual IBAN’s
Most frequently expected concerns
What exactly is a Virtual IBAN?
A Virtual IBAN is a regular iban operationally. The Virtual IBAN’s issued via Monneo are attached to a bank that is safeguarded breaking up customer funds from Monneo’s very very own funds hence 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 will not offer solutions to B2C (company to consumer), C2B (consumer to company) or other banking institutions.
Is the digital IBAN to my company’s title?
Yes, the Virtual IBAN is given to your business, in your 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 instance: cryptocurrency, unregulated forex, unregulated video video video video gaming, offshore/tax heavens etc. customers are evaluated and examined instance by situation by Monneo’s conformity.
Who provides issues that are Virtual IBAN?
Monneo works closely with a community of banking institutions that issue the Virtual IBAN’s, the IBAN’s you would get are given by banking institutions which Monneo is together with.
Can a Virtual is obtained by me IBAN from numerous banking institutions?
Yes, based in your business design we might provide you with the matching supporting banks, then you can select with which bank(s) you intend to make use of.
Is Monneo economically regulated?
Yes, Monneo is controlled because of the Financial Conduct Authority (FCA) in britain as an Authorised Payment Institution. Our guide quantity is: 802210.
What exactly is a safeguarding banking account?
A safeguarding banking account is a merchant account made to run customer funds just. Client 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 instance of every monetary defaults by Monneo, your client funds held when you look at the safeguarding bank account are in all times guaranteed.