US company want GBP and EURO bank accounts to facilitate payments.

SUMMARY:

A US based company with operations in UK and Europe need to make payments to affiliates and consumers in a dependable and timely manner.

SOLUTION:

In lieu of separate bank accounts, Universe Payments provide virtual Euro and GBP iBANs in the clients name.

PROCESS:

UP issues client GBP & EURO iBANs in client’s business name
Client transfers funds to UP issued iBANs alongside payout reports
UP schedules payouts to affiliates & customers from relevant iBAN via faster payments or SEPA

TIMING:

< 2 hours