US company want GBP and EURO bank accounts to facilitate payments.

A US based company with operations in UK and Europe need to make payments to affiliates and consumers in a dependable and timely manner.

Solution

In lieu of separate bank accounts, Universe Payments provide virtual Euro and GBP iBANs in the clients name.

Process

  • UP issues client GBP & EURO iBANs in client’s business name
  • Client transfers funds to UP issued iBANs alongside payout reports
  • UP schedules payouts to affiliates & customers from relevant iBAN via faster payments or SEPA

Timing

< 2 hours

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