Business Accounts

The Accounts API provides a robust framework for managing Virtual IBAN accounts, empowering clients to send and receive funds seamlessly. This API enables users to control and monitor their financial transactions efficiently, enhancing the overall experience of managing digital finances.

Account Types

The Accounts API offers two distinct account types, tailored to meet specific financial needs. Whether you’re a small business looking for simplicity or an enterprise seeking advanced financial management, our account options are designed to support your requirements.

Standard Account

The Standard Account is a powerful solution for medium-sized enterprises, featuring a dedicated Virtual IBAN for seamless transactions. It is ideal for various financial management needs, including:

Managing revenue and expenses
Paying suppliers
Settling accounts and transferring funds efficiently

Master & Wallet Account

The Master and Wallet Account provides a sophisticated solution tailored for businesses, marketplaces, and platforms. It includes a Master Account with a unique Virtual IBAN that oversees multiple Wallets, each linked to a unique Business Reference. This setup ensures specific fund allocation to individual wallets.

Key benefits include:

Advanced fund segregation
Transaction reconciliation
Efficient fund distribution

Comparing Account Types: Standard vs. Master & Wallet Accounts

The following table highlights the key features and differences between the Standard Account, Master Account, and Wallet Account.

Feature	Standard Account	Master Account	Wallet Account
Send payments	Yes	No	Yes
Receive payments	Yes	No	Yes (requires wallet's Business Reference for third-party payments)
Balance	Yes (unique IBAN per account)	Yes (unique IBAN per account)	No (shared IBAN for wallets under the same Master Account)
Transaction visibility	Per-account balance	The sum of all wallets’ balances	Per-wallet balance
Default wallet - exceptional flows	N/A	N/A	Yes (payments without a wallet’s Business Reference are routed to the Default Wallet)

Open an Account

Ready to open an account? Visit our registration page.