IBAN accounts for your business
Pencepay is connected to multiple Banking Providers for provision of bank accounts, in multiple countries. Our partner's IBANs can be used to collect customer deposits (C2B), settlements from your acquirers and to pay your suppliers and business partners in multiple currencies.
Due to wide reach and presence on the payments market for more than 14 years, Pencepay is in a position to help with opening bank accounts with various licensed financial institutions in Europe for international companies.
You can access all your accounts through a single user interface (Dashboard) and API for direct integration. Thus, if the market conditions change, you do not have to change your workflows.
Both low-risk businesses such as retail, and "high risk" businesses such as travel agencies, trading companies and platform providers are considered.