Corporate IBAN accounts

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.

Payments

You can order payments to your suppliers, partners and other third-parties from the Dashboard or using the API. If needed, you can convert funds into another currency before they are sent out. 

Using the Banking Providers we partner with, we can provide acceptance of funds via SEPA and SWIFT channels, and payout using the same. Payments are typically executed 2 to 3 times per working day. 

EUR and GBP accounts are typically available as the base currency of the provided accounts, and IBAN is issued by the European Union fully-licensed bank or by eMoney company with similar license for opening accounts and executing payments on behalf of their users.