What is a multi-currency account/virtual IBAN?

A Payset multi-currency account allows you to send and receive money in 34 different currencies and exchange money in up to 38 currencies, all within the same account. 

You can deposit and withdraw funds, convert currencies at competitive exchange rates, and hold your chosen currencies to capitalize on market movements.  

A Payset multi-currency account allows startups and business owners to receive payments from clients virtually anywhere in the world and pay suppliers, staff, and contractors quickly and affordably in their chosen currency.

• Funds can be deposited and withdrawn from the account for a small fee.
• Account holders can send and receive money with other Payset users for free.
• Depending on your region, you can use various payment networks from your Payset account, including SWIFT, SEPA, ACH, Fedwire, Faster Payments, BACS, and CHAPS. 
• Once you register an account, you will be provided with a Virtual IBAN (International Bank Account Number), which makes all of these transfers easy.
• We provide you with local payments and collections. For example, transactions in USD, EUR, CAD, and GBP are processed through local payment networks, which is far cheaper and takes minutes as opposed to days