Mass Payment API System from Monvenience

Welcome to the API based, mass payment, (Receipts or Payments) system from Monvenience. With the help of our APIs, you can seamlessly include mass payment or mass receipt functionality within your own software, and even with your third party software, subject to conditions.

To avail this API based product, you need to have an adequate financial license. Licensing requirements differ from geography to geography, please contact us with your details, so that we may share the requirements in detail.

Apart from making mass payments, you can also track each of the individual payments and receipts, get statistical reports, and can take the necessary steps. They work for almost all kinds of legal industries and trades, provided they are licensed.

Very useful for any payout sites, like licensed gaming, ecommerce, airlines, computer games, digital content, advertising payouts, licensed forex, financial and currency exchanges and institutions, card issuers etc.

Incoming Payments - How it works

First you sign up for a business account in Monvenience. Upon successful KYB, and payment of requisite charges, you apply for a special remit-n-collection account. As soon as you are offered the account, you get set of APIs, by which you can allocate unique IBANs to each of your customers. When customers put money to their IBAN, it comes straight to your corporate IBAN, along with all the customer details.

Easy receipt of payments-easy accounting for payments!

Why Monvenience

Privileges for IBAN Collect users

• Instant collection of funds
  More and more banks in Europe are joining pan-European instant payments system, enabling money to be delivered to your account within seconds.
• Low commissions
  IBAN COLLECT is significantly cheaper compared to Visa/MasterCard payments.
• No chargebacks
  Requesting a chargeback after execution of a bank transfer is problematic.
• No intermediaries
  Being a SEPA member, we enable direct payment reconciliation between the sender and our client.
• Recurrent payments
  SEPA Direct Debit - ideal instrument to charge recurrent payments from your customers.
• Simple reconciliation
  Unique IBAN for each of your customers makes accounting simpler than ever before.
• Other options for money collections
  Monvenience and its partner are a leading provider of multi-channel payment solutions with over 100 payment methods and 34 transaction currencies, giving customers around the globe the payment methods they know and trust. We collect payments through international cards, Western Union, more than 50 eWallets worldwide.

Outgoing Payments - How it works

IBAN Remit

IBAN Remit is a cutting edge money remittance solution for instant domestic and international settlements. We are a full service global payment provider integrated with a large number of local payment providers, enabling quick payouts in local currencies. With SEPA EUR payments, we enable our clients to execute instant money remittance using unique IBANs.

IBAN remit can be used by different types of businesses like financial institutions, card issuers, wallet providers, payroll management ( salaries, commissions, bonuses, rewards etc.), suppliers and vendor payments, international traders, incorporation agents, freelancers, licensed gaming sites, currency exchanges, etc.

Privileges for IBAN REMIT users

• Instant remittance of funds
  We settle Euro payments within seconds. We also do express same-day pay-outs in local currencies around the world.
• No intermediaries
  We enable direct payment reconciliation between our client and the beneficiary of transaction.
• Low commissions
  IBAN REMIT is significantly cheaper in comparison with SWIFT transactions or OCT.
• Simple payment process
  Our APIs reduce to zero the workload and time spent on the processing of pay-outs.
• SEPA Direct Debit
  SEPA Direct Debit - ideal instrument for recurrent payments.
• Pay-outs with unique IBANs
  Financial institutions can enable their clients to send funds using unique IBANs under their names.
• Other options for money remittance
  Monvenience is a one-stop provider for global money remittance services, offering fast payments in 34 local currencies. We empower customers around the globe to use payment methods they know and trust. We remit payments using card-to card payments (OCT), Western Union, as well as more as over 100 eWallets around the world.

How do you get your account?

As soon as your KYB is done, and your IBAN account is active, just request for a special Remit-n-Collect account.

Citizens of some countries are not eligible to signup for our service. Check your eligibility below:

Open Your Account Here