Get Your Business IBAN Account
Does your business accept and transfer payments in different currencies? Improve delivery of these funds and create instant credits for use 24/7 with your own Business IBAN Account. Paymentearth can provide your company with a business IBAN account to handle most major currencies. Send wire transfers immediately with your own business IBAN account without the hassle of converting currencies.
- Net payments between currencies
- Save money over foreign currency accounts in different banks
- Decrease losses from exchange rate fluctuations
Ready to move to the cutting edge of Foreign Exchange? Ask us about Virtuwallet!
Virtuwallet Business IBAN Account
A Virtuwallet Business IBAN Account is a holding account that paves the way for faster transfers and instant netting with up to 28 different currencies. This Paymentearth product makes it easy for your business to receive payments from customers and suppliers, convert funds between multiple currencies, and/or hold these currencies for later payments.
Save time and money by using your Virtuwallet Business IBAN Account to reduce the need to convert to different currencies by netting invoices and avoiding fluctuating exchange rates.
Use Your Virtuwallet Business IBAN Account for Netting
Netting is the banking term that describes offsetting payables between different branches of the same company to lower the total amount of currency to be paid.
For example: The CBA Company in the United States owes 100K EUR to their Headquarters in France every month. Also, the HQ in France sends a regular shipment of items to the US branch, valued at 25K EUR. The CBA Company can use Netting to lower their total payables amount (100K – 25K), and only wires the netted total of 75K EUR to the France HQ.
Using Virtuwallet and your business IBAN account from Paymentearth for netting allows you to seamlessly perform fewer transactions while preventing potential losses from converting between currencies.
Use Your Virtuwallet Business IBAN Account for Trading Currencies
With Virtuwallet, you can move your funds between different currencies in real time. This facilitates making timely and potentially profitable market moves with different currencies.
Now, your business can pre-buy currencies to take advantage of premier rates and then hold these currencies for later payments when invoices become due.
Use Your Virtuwallet Business IBAN Account to Expand Your Global Reach
Paymentearth is more than just a payment processor. You can expand your business into foreign markets and increase your global reach. We offer the perfect solution for US-based companies that seek to do business with a global market. Your Virtuwallet Business IBAN Account allows you to exchange goods and services without requiring foreign vendors to convert their currencies to USD.
This allows foreign clients to avoid potential losses or difficulties with market fluctuations, making them more inclined to do business with you over your competitors! Plus, Paymentearth has actual human beings who are ready to walk you through the process of receiving non-USD payments, setting prices, and more.
How Can I Get Started with My Virtuwallet Business IBAN Account?
Setting up your Virtuwallet Business IBAN Account through Paymentearth is easy. Deposit USD and complete transactions with EUR, CHF, GBP, CAD, and more. Open an IBAN account and expand your financial possibilities today!
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Our clients are thrilled!
We used to use three FX companies in order to keep the rate reasonable. With Paymentearth, they walked us through how to calculate the exact spread we get on every deal! A big time saver and a great way to do business!
My guy at Paymentearth took the time to explain how Forward Contracts work, and how they can help my business. My bank never gave me half the attention of Paymentearth.
Paymentearth makes uploading an excel file of all my monthly payments very easy! I upload it on their site and I’m able to print a confirmation in minutes! When we combine this with transparency and knowing our exact spread, it is a no brainer!
It’s not often that we need foreign cash, but it’s very convenient to order what we need from Paymentearth, and have one less thing to worry about before the trip.
There is a big move toward transparency in FX, but then it can be impossible to actually talk to a real person. With Paymentearth, they analyzed my business, gave me a fixed rate, and I can call them anytime. Frankly, they’re just straight-up, and I appreciate that.
Almost any bank can help get a wire out, if that’s all you need. Paymentearth goes above and beyond for us though, and for a small business like ours, it makes a big difference to get such expert service. Of course, the rates are good too!
In my experience, banks are only willing to bend over backward if you’re a giant company. I’ve never felt that with Paymentearth. These guys are upfront, they’re knowledgeable, and they genuinely seem to value my business. It’s actually a pretty good feeling.