Virtual IBAN Accounts In 25 Currencies | Paymentearth

Virtual IBAN Accounts in 28 Currencies

Get an International Account through our platform with up to 28 IBANs issued in most major currencies, under your company name. Send wire transfers directly from your own Virtual IBAN, improving delivery and creating instant credits.

Facilitates the ability to net payments between currencies (have excess EUR and need to send GBP? A simple netting exchange and funds are on their way)

Virtual IBANs, or Business IBAN accounts, cost far less to maintain than foreign currency accounts with institutional banks!

Netting – Receive currencies directly into your accounts, and send them back out to cover additional payments, eliminating the need to convert from one currency to another.

Ready to move to the cutting edge of Foreign Exchange?  Ask us about Virtuwallet!

What is Virtuwallet?

Virtuwallet is a Paymentearth product that allows our clients to easily convert funds between multiple currencies and/or hold them for later payables. Virtuwallet offers the ability to net multiple currencies, without the need to constantly convert back and forth.

What is Netting?

Netting, in simplified accounting terms, is offsetting the payables between different branches of the same organization to lower the total amount owed.

Ex. Company ABC is in the US and owes 100K EUR to their Headquarters in Germany each month.  At the same time, HQ sends a regular shipment of product to the US office, valued at 25K EUR.  Company ABC uses Netting to lower their total payables (100K – 25K), and instead wires the netted total of 75K EUR.

How else can I use Virtuwallet?

Deposit US Dollars into a virtual account held with Paymentearth (but fully backed by a federal bank). Once your US dollars are received, Paymentearth clients have the opportunity to move their funds, in Realtime, between a host of regularly traded currencies.

Pre-Buy: clients looking to take advantage of a great market move (re: awesome rate) can buy and hold multiple currencies, and later use those funds to pay vendors when the invoices are due.

Want to expand your global reach? We’re more than just payment processors!

Paymentearth can help navigate becoming a foreign seller!  From setting the price of goods and services in a foreign currency to setting up remittance documents, to helping walk you through the process of receiving non-USD payments, Paymentearth’s expert, (real humans, no robots) service is at your disposal.

Foreign vendors love this service: it’s convenient, lessens their risk of market fluctuations, and they are more apt to do business with you if they don’t need to convert to USD!

Perfect for US-based companies, and best of all: Paymentearth’s transparent pricing holds true whether you’re buying, or selling foreign currencies!

How is this better than ACH?

The vast majority of American businesses are familiar with settling debts via ACH (Automated Clearing House). More commonly, we call them “debits,” and debits comprise everyday transactions ranging from buying groceries and gas, to retail sales and online payments.

In fact, within the United States, most companies prefer to settle trades by initiating a sweep of their account(s) via ACH.

Unfortunately, despite the network’s giant strides (which now allow for Same Day, and Next Day delivery) ACH still has limitations.

One unfortunate area of concern for any financial payments company is that these ACH payments can be returned (they can bounce like a rubber check)!

With emerging technologies that provide instant credit in a nanosecond to a foreign country, settling via ACH is slower and puts your payment provider at risk.

Virtuwallet solves that! Fund your wallet with USD, and simply select the outgoing foreign currency; your money is ready to be used 24/5 without the 1-2 day ACH delay.

How do we get started with Virtuwallet?

Setting up your U.S. virtual account today is easy: simply let us know how much you’d like to put into your USD wallet.  GBP, EUR, CAD, and CHF are already available (depending on your state), and we are continually refining our online platform to give this product more and more features!

Stay in the Know

Keep on top of your business financials with the Paymentearth Market Report

See the Latest Market Update

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!
LindaControllerWisconsin
All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.
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.
JimPresidentNew Jersey
All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.
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!
MarionCFOFlorida
All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.
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.
ChrisTour Group OperatorCalifornia
All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.
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.
CharlesOwnerBoston, Massachusetts
All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.
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!
MarciaOwnerVirginia
All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.
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.
JohnCEOIllinois
All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.

International payments made easy!

Open an account and get started or give us a call: 800-566-0915