multi-currency
account

Send and receive funds both locally and internationally with your dedicated multi-currency account. Make quick and easy transfers in 34 different currencies and gain real-time access to the best international exchange rates.

get started

Key features

Discover the key features of our multi-currency IBANs and how you can make the most out of our global payment solutions:

Globally icon

Global coverage

Transfer funds to a beneficiary bank account anywhere in the world.

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Currency Variety

Hold, send, and receive funds in 34 currencies to minimize conversion fees.

Instant

Instant payments

Make instant free payments to and from other Payset clients.

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Real-time rates

Access live rate quotes before a conversion is made.

Methods

Diverse payment networks

We use a variety of different payment networks including SWIFT, SEPA, Target2, Faster Payments, CHAPS, and more.

Secure reliable icon

Secure and reliable

We store your funds in a segregated client account in one of Europe's leading credit institutions.

How Payset multi-currency accounts work

Send and receive funds both locally and internationally with the next generation of payment technology in just 3 simple steps:

1.

Register with us

It's easy to register your business with us. We will set up your account within 72 hours and provide you with your own dedicated multi-currency IBAN.

2.

Provide your account information

Provide your account information to your clients so they can transfer funds to you from anywhere in the world.

3.

Get started!

Login to our online portal to track and manage your funds, exchange currencies, and pay your suppliers.

What companies would benefit from a multi-currency account?

payroll icon

Global payroll

  • Pay staff in an efficient manner with minimal transfer fees
  • Make payments in 38 currencies
  • Ensure tax and regulatory compliance is met at all times
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Ecommerce

  • Accept payments in 34 currencies globally
  • Easily withdraw from and deposit money into your IBAN account
  • Send free transfers to/from Payset accounts
Freelancer icon

Freelancers

  • Get paid and transfer funds in 34 different currencies
  • Pay fewer fees on money transfers to fund your account
  • Easily send and receive funds to and from your account
Affiliate Icon

Affiliate programs

  • Pay partners in their chosen currency
  • Track all payouts from one dashboard
  • Enjoy excellent reporting features
Startup icon

Start-ups

  • Operate globally in up to 38 currencies and keep track of your payments
  • Send/receive international and local payments
  • Manage all payments from one dashboard
Market icon

Marketplaces

  • Collect global payments in your own currency
  • Reach more clients in more regions
  • Easily manage payments from multiple marketplaces
Import export icon

Import/Export

  • Make quick cross-border payments
  • Pay staff and suppliers via several payment networks
  • Pay and get paid in numerous currencies

B2B payments

  • Easily pay suppliers and partners
  • Make and receive payments in up to 38 currencies
  • Send free transfers to/from Payset accounts

Small businesses

  • Pay and get paid in up to 38 currencies
  • Pay staff instantly for low or no fees
  • Open up international markets

What companies would benefit from a multi-currency account?

payroll icon

Global payroll

  • Pay staff in an efficient manner with minimal transfer fees
  • Make payments in 38 currencies
  • Ensure tax and regulatory compliance is met at all times
Pointer icon

Ecommerce

  • Accept payments in 34 currencies globally
  • Easily withdraw from and deposit money into your IBAN account
  • Send free transfers to/from Payset accounts
Freelancer icon

Freelancers

  • Get paid and transfer funds in 34 different currencies
  • Pay fewer fees on money transfers to fund your account
  • Easily send and receive funds to and from your account
Affiliate Icon

Affiliate programs

  • Pay partners in their chosen currency
  • Track all payouts from one dashboard
  • Enjoy excellent reporting features
Startup icon

Start-ups

  • Operate globally in up to 38 currencies and keep track of your payments
  • Send/receive international and local payments
  • Manage all payments from one dashboard
Market icon

Marketplaces

  • Collect global payments in your own currency
  • Reach more clients in more regions
  • Easily manage payments from multiple marketplaces
Import export icon

Import/Export

  • Make quick cross-border payments
  • Pay staff and suppliers via several payment networks
  • Pay and get paid in numerous currencies

BOOK A DEMO

Payset makes cross-border banking easy, affordable, and secure. Speak with one of our experts to explore the benefits of opening a Payset account.

book a demo

I wanted to express my appreciation for the successful cooperation between my firm and Payset. I would like to point out in particular the professionalism, the manner in which requests are handled, the quick response time and the satisfaction of the clients. I strongly believes that we will continue to move forward and create many collaborations in the future

Cpadvice
Asaf and the team
CPADVICE LTD
/ 01
02
03
04
Rating star

The experience of using PaySet account was really interesting. It is one of the most ergonomic systems I have ever used. Support provided is fast and enquires are resolved in no time. I am very satisfied for using this account! Keep going guys!

Lytria
Christina Loizou
Accountant at Lytria
01
/ 02
03
04
Rating star

Through our experience with Payset we are happy to say the services provided were accommodated to our needs perfectly and were performed professionally. The support and customer care is fast and efficient, no question or request is left unanswered or unresolved. 10/10

Canadap
Victoria
Payments and Risk Manager, CanadaP LTD
01
02
/ 03
04
Rating star

For the past year, we have worked hand in hand with Payset Limited to assist us with numerous payments related services. At no one time have they failed me, and they have always been on time, making them one of our top reliable business partners.

Clearsky network
Payments Team
Clearsky Network
01
02
03
/ 04

How do I get started?

Say Hi

Say hi

Meet our amazing team, share a few details about your business, and leave us your contact info.

Get on Board

Get on board

An account executive will guide you through the onboarding process for your

Payset IBAN account

, which is quick and easy to set up.

Enjoy using it

Enjoy using it

Log in to your account to manage your funds 24/7 and enjoy the low fees and fast execution of your Payset IBAN account.

get started

Frequently
asked questions

What is a multi-currency account/virtual IBAN?

A Payset multi-currency account allows you to receive money in 34 different currencies and send 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 the local payment networks, which is far cheaper and takes minutes as opposed to days

Are there limits on the amount of money I can send and receive?

No, there are no transaction limits on Payset multi-currency accounts.

However, higher-volume transactions may require additional anti-fraud verification. If you plan to make a large transaction, contact us in advance to avoid verification delays.

Which currencies can I send and receive in my account?

Payset allows you to receive payments in 34 currencies. You can send payments from your account in 38 currencies. For more details, check our payment guide.

How do I add money to my account?

You can add money to one of your Payset currency balances in one of three ways:

  • Provide the account information to any person or company to pay you funds into the account from any bank account in the world.
  • Send money to your account from another one of your accounts in another financial institution.
  • Ask another Payset user to send you funds internally.

How do I send money from my account?

Once you have opened your verified IBAN account and added money to a balance, transferring funds is simple.

Simply log in into your account and add a beneficiary, then simply “make a transfer” in your preferred currency to that beneficiary.

What's the best multi-currency account?

The best multi-currency accounts offer support for a large number of foreign currencies, plus affordable rates and fast transaction times. Payset competes with the best: our multi-currency account offers support for 38 currencies and transaction rates as low as 0.45%.

Is it good to have foreign currency accounts?

Foreign currency accounts are useful if you plan to make international transactions. They’re ideal for small businesses, startups, e-commerce services, and freelancers. 

They’re also useful if you work in global payroll, affiliate marketing, importing/exporting, or B2B payments — all of which usually handle multiple currencies in everyday operations.

What's the cheapest way to transfer money internationally?

Payset offers one of the most affordable ways to send money internationally. If you’re sending money between Payset accounts the transfer is free and instant. 

We offer transfer rates as low as 0.45% (plus currency conversion and account fees). By comparison, many other payment services charge 3% or more on every transaction.

We also offer the ability to send local payments to/from the UK, EU, USA, and Canada, meaning you can take advantage of local payment networks and lower fees by banking like a local in any of these regions.

What currencies are supported?

Currency

Incoming

Outgoing ***

Conversions

Australia

Australian Dollar (AUD)

SWIFT

SWIFT

Buy/ Sell

Bahrain

Bahrain Dollar (BHD)

SWIFT

SWIFT

Buy/ Sell

Bulgaria

Bulgarian Lev (BGN)

SWIFT/ SEPA

SWIFT/ SEPA

Buy/ Sell

Canada

Canadian Dollar (CAD)

SWIFT/ EFT(local)

SWIFT/ EFT(local)

Buy/ Sell

China

Chinese Yuan (CNY)

SWIFT

SWIFT

Buy/ Sell

Croatia

Croatian Kuna (HRK)

SWIFT

SWIFT

Buy/ Sell

Czech republic

Czech Koruna (CZK)

SWIFT/ CERTIS (local)

SWIFT/ CERTIS (local)

Buy/ Sell

Denmark

Danish Krone (DKK)

SWIFT/ Credit Transfer (local)

SWIFT/ Credit Transfer (local)

Buy/ Sell

Euro

Euro (EUR)

SEPA/ SWIFT

SEPA/ SWIFT

Buy/ Sell

Hong Kong

Hong Kong Dollar (HKD)

SWIFT/ CHATS (local)

SWIFT/ CHATS (local)

Buy/ Sell

Hungary

Hungarian Forint (HUF)

SWIFT/ Giro Zrt (local)

SWIFT/ Giro Zrt (local)

Buy/ Sell

India

Indian Rupees (INR) *

Cancel Icon

IMPS (up to INR 200,000)NEFT (over INR 200,000, and for banks not connected to IMPS)

Buy/ Sell

Indonesia

Indonesian Rupees (IDR) *

Cancel Icon

SKN (local)

Buy/ Sell

Israel

Israeli Shekel (ILS)

SWIFT

SWIFT

Buy/ Sell

Japan

Japanese Yen (JPY)

SWIFT

SWIFT

Buy/ Sell

Kenya

Kenyan Shilling (KEN)

SWIFT

SWIFT

Buy/ Sell

Kuwait

Kuwait Dinar (KWD)

SWIFT

SWIFT

Buy/ Sell

Malaysia

Malaysian Ringgit (MYR) *

Cancel Icon

IBG (local)

Buy

Mexico

Mexican Peso (MXN)

SEPA/ SWIFT

SWIFT

Buy/ Sell

Australia

New Zealand Dollar (NZD)

SWIFT

SWIFT

Buy/ Sell

Norway

Norwegian Krone (NOK)

SWIFT/ Credit Transfer (local)

SWIFT/ Credit Transfer (local)

Buy/ Sell

Oman

Omani Rial (OMR)

SWIFT

SWIFT

Buy/ Sell

Philippines

Philippines Peso (PHP) *

Cancel Icon

PESONet (local)

Buy

Republic of poland

Polish Zloty (PLN)

SWIFT/ Elixir

SWIFT/ Elixir

Buy/ Sell

Quatar

Qatar Rial (QAR)

SWIFT/ EFT (local)

SWIFT/ EFT (local)

Buy/ Sell

Romania

Romanian Leu (RON)

SWIFT

SWIFT

Buy/ Sell

Saudi arabia

Saudi Riyal (SAR)

SWIFT

SWIFT

Buy/ Sell

Singapore

Singapore Dollar (SGD)

SWIFT/ FAST (local)

SWIFT/ FAST (local)

Buy/ Sell

Sweden

Swedish Krona (SEK)

SWIFT/ Direct Debit (local)

SWIFT/ Direct Debit (local)

Buy/ Sell

Switzerland

Swiss Franc (CHF)

SWIFT

SWIFT

Buy/ Sell

Thailand

Thai Baht (THB)

SWIFT

SWIFT

Buy/ Sell

Turkey

Turkish Lira (TRY) ***

SWIFT

SWIFT

Buy/ Sell

United arabe emirates

UAE Dirham (AED)

SWIFT

SWIFT

Buy/ Sell

Uganda

Ugandan Shilling (UGX)

SWIFT

SWIFT

Buy/ Sell

United Kingdom

UK Sterling (GBP)

SWIFT/ CHAPS/ Faster payments

SWIFT/ CHAPS/ Faster payments

Buy/ Sell

United states of america

US Dollar (USD)

SWIFT/ CHIPS/ FedWire/ Fed ACH

SWIFT/ CHIPS/ FedWire/ Fed ACH

Buy/ Sell