V11 | Bm2Pay https://www.bm2pay.com Unlimited Payments Solutions Tue, 22 Oct 2019 04:44:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.4 https://www.bm2pay.com/wp-content/uploads/2024/11/cropped-bm2pay-1-32x32.jpeg V11 | Bm2Pay https://www.bm2pay.com 32 32 VIRTUAL IBANs https://www.bm2pay.com/2019/10/22/virtual-ibans/ https://www.bm2pay.com/2019/10/22/virtual-ibans/#respond Tue, 22 Oct 2019 04:00:02 +0000 https://www.bm2pay.com/?p=3682 An IBAN (International Bank Account Number), is a virtual account issued by a bank, which enables the account holder to receive incoming payments and reroute them to a real bank account. Virtual IBANs provide all the functionalities of traditional bank accounts such as sending and receiving payments, bank statements, and more. IBANs enable international companies processing transactions in different currencies to easily reconcile all incoming payments. Using IBANs, these merchants can allocate a unique virtual account to receive payments from each client and for each currency, thereby increasing efficiency and cutting costs.  READ MORE: YOUR GUIDE TO BASIC TERMS IN THE BANKING SECTOR  

The post VIRTUAL IBANs first appeared on Bm2Pay.]]> An IBAN (International Bank Account Number), is a virtual account issued by a bank, which enables the account holder to receive incoming payments and reroute them to a real bank account. Virtual IBANs provide all the functionalities of traditional bank accounts such as sending and receiving payments, bank statements, and more. IBANs enable international companies processing transactions in different currencies to easily reconcile all incoming payments. Using IBANs, these merchants can allocate a unique virtual account to receive payments from each client and for each currency, thereby increasing efficiency and cutting costs. 

READ MORE:

YOUR GUIDE TO BASIC TERMS IN THE BANKING SECTOR

 

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