One partner.
Multiple solutions.

IBAN Accounts & Merchant Accounts through a network of banks

How does Monneo work?

We are a virtual IBAN provider & merchant account provider, committed to working in partnership with EU and International banks to break down legacy barriers and connect eCommerce merchants with global, digital payment services.

Monneo's core services

Banking / IBAN Accounts

Monneo offers the power of choice

Providing IBAN accounts from a wide network of banks. Our single platform interface consolidates the management of all your IBAN accounts providing access to Monneo’s trusted network of leading banks.

  • One interface, multiple IBAN accounts
  • Large banking network
  • Multi-currency IBAN’s, 134 currencies
  • One card linked to many accounts

Acquiring / Merchant Account

Monneo understands merchant’s needs

Our years of experience and vast industry knowledge means we are able to support online merchants and free them from the constraints of accepting cards via multiple acquiring channels.

  • Merchant accounts at multiple acquirers
  • Accept cards and alternative methods
  • Robust fraud and risk management tools
  • PCI DSS Level 1 payment gateway


International payments made locally

International transfers turned into local transfers: eCommerce merchants, B2B and B2C businesses are now able to connect to Monneo’s international banking network enabling them to send local bank transfers in local currency in over 60 countries.

  • Local in over 60 countries
  • 134 currencies
  • Alternative local methods
  • Leading cryptocurrencies

Affiliate industry

For advertisers, networks and publishers

Monneo understands the challenges advertisers, networks and publishers face when making international transfers. Monneo has created Pixelpay, a stand alone, internal payment ecosystem removing friction between international banks.

  • Closed loop ecosystem
  • Local banks for payouts
  • izzio payment app, B2C
  • Mass payouts

IBAN Account FAQ's

What is a Virtual IBAN?

A Virtual IBAN is a payment account that enables you to receive and remit funds. The Virtual IBAN’s provided by Monneo are connected to safeguarded bank accounts held at well established, European and International banking institutions.

Is vIBAN the same as Virtual IBAN?

Yes, vIBAN is the same as Virtual IBAN. The vIBAN’s provided by Monneo are connected to safeguarded bank accounts held at well established, European and International banking institutions.

In who's name is the Virtual IBAN?

The dedicated Virtual IBAN will have your “Company Name Ltd” as beneficiary name/ account holder name.

Multi-currency IBAN, what currencies are supported?

With Monneo’s multi-currency IBAN‘s you are able to receive: AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, NOK, NZD, PLN, SEK, SGD, TRY, USD, YEN and ZAR. Monneo supports 134 currencies for outgoing payments.

Can I obtain a virtual IBAN from multiple banks?

Yes, based on your business model we would offer you the matching supporting banks, you can then choose with which bank(s) you wish to work with.

Who provides the virtual IBAN's?

Monneo works with a network of well established European and International banks that issue the Virtual IBAN’s.

What is a safeguarding bank account?

A safeguarding bank account is an account designed to operate solely client funds. Client funds cannot be accessed by any third-party and are disconnected from Monneo’s companies funds. In the unlikely case of any financial defaults by Monneo, the client funds held in the safeguarding bank account are at all times secured and clients’ claims are met in priority to anybody else.

Is Monneo financially regulated?

Yes, Monneo is regulated by the Financial Conduct Authority (FCA) in the United Kingdom as an Authorised Payment Institution. Our reference number is: 802210.

Merchant Account FAQ's

What is a merchant account?

In order to accept online payments at your website an online merchant is required to clear card payments. Transaction data are sent for clearing to the acquiring bank and credited to your bank account after clearing.

Who can open a merchant account?

Monneo accepts online merchants incorporated in the EEA and UK.

Can I obtain merchant accounts at multiple acquiring banks?

Yes, Monneo works with a network of acquiring banks allowing you to operate through multiple merchant accounts.

Who provides the online merchant accounts?

The actual merchant account is opened within Monneo’s network of acquiring banks and card scheme members. Transaction data is sent over API to Monneo’s PCI DSS Level 1 payment gateway and forwarded to the acquiring bank for clearing.

Do you provide multi currency merchant accounts?

Yes, all merchant accounts are multi currency merchant accounts. Your customers can pay in their local currency and you will receive the funds either in multi currency or a specific currency of choice.

Where do I receive my settlement funds?

Merchant account settlements are paid to your IBAN account within Monneo. As Monneo provides both IBAN accounts and Merchant accounts your settlements will arrive instant.

What about security?

Monneo’s payment gateway is PCI DSS Level 1 certified meaning we work according to the highest security standards.

Where can I find your API documentation?

You are able to review our acquiring API documentation here;

Contact us today for more information