B2BPay offers the following services:
Virtual Bank account
- 1) Euro IBAN in Europe to receive payment from 35 european countries
- 2) The money is sent from the IBAN (virtual bank account) to your home country bank account in your own currency.
Foreign Exchange services:
- 1) Use our foreign exchange conversion tool to convert to 35 Currencies
- 2) Fx rates around 80% cheaper than banks
- 3) Wire transfer fees of €1-10 compared to a Bank wire transfer fees of €30
For Virtual Bank Accounts and Foreign Exchange Services, B2BPay can sign up customers from the following countries:
| Australia | Canada | Cayman Islands |
|---|---|---|
| China | Gibraltar | Guernsey |
| Hong Kong | Iceland | India |
| Isle of Man | Israel | Jersey |
| New Zealand | Norway | Singapure |
| South Africa | South Korea | Taiwan |
| United States |
For Foreign Exchange Services only, B2BPay can sign up customers from the following countries:
| Austria | Belgium | Bulgaria |
|---|---|---|
| Croatia | Cyprus | Czech Republic |
| Denmark | Estonia | Finland |
| France | Germany | Greece |
| Hungary | Ireland | Italy |
| Japan | Latvia | Liechtenstein |
| Lithuania | Luxembourg | Malta |
| Netherlands | Poland | Portugal |
| Romania | Slovakia | Slovenia |
| Sweden | Switzerland | United Kingdom |
We cannot support customers from the following industries or activities:
| Adult | Banks | Bitcoin/crypto currencies |
|---|---|---|
| Carbon trading | Cash for gold | Cheque cashing |
| Collection agencies | Counterfeit goods | Defence / military |
| Development aid | Diamond merchants | Drug paraphernalia |
| Gambling | Holding companies that do not serve a proper business purpose i.e. set-up to funnel funds from one legal entity to another legal entity in the same or different jurisdictions | Illegal goods |
| Jewellers | Loan companies | MLM / pyramid schemes |
| MSBs | Online gambling | Pawnbrokers |
| Penny stock trading, binary options trading & other complex derivatives or financial products in jurisdictions that do not have or require regulation / licensing | Political groups | Precious metal merchants |
| Shell banks | Unregistered charities | Unregulated entities conducting activity that requires regulation |
| Watches |
Basic Documentation to start a process with B2BPay :
- 1) Company incorporation document.
- 2) Directors list and for each director their passport copy and proof of address (proof of address can be a utility bill, bank statement or Official government letters)
- 3) For shareholdings: copy of the share registry, as we need to see the ultimate beneficiaries.
- 4) Bank statements of the company for the past 2 months.
Additional nice to have in order to speed up the compliance process:
- 5) Copy of the financial statements
- 6) Estimate of monthly volumes of incoming payments
- 7) A few examples of invoices/ contracts for incoming payments.
