EU COLLECTION ACCOUNT

The collection account service enables customers to receive Euro bank transfers from their clients from any bank account in the EU. Clear Junction opens a payment balance for the client, receives the payment and reports on payment status to the client.

  • Company appears European due to local payment capabilities
  • IBAN makes payments faster (same or next day), familiar and less costly
  • Fast and convenient payments with less risk of human error – no SWIFT data required

VIRTUAL IBANS IN SEPA

Clear Junction can generate multiple IBAN numbers connected to a single master collection account, significantly simplifying reconciliation of account receivables. The IBANs support inbound/outbound EUR bank transfers to or from any bank account in the EU via SEPA. APIs provide submission of customer KYC, allocate unique IBANs, initiate outbound transfers and notify about inbound transfers routed to these IBANs.

  • Allocate and manage IBANs as needed
  • Reconcile incoming payments by allocating different IBANs to various customers or group of customers (e.g. one IBAN = one customer)
  • Smoothly operate thousands of Virtual IBANs

VIRTUAL IBANS IN SEPA

Clear Junction can generate multiple IBAN numbers connected to a single master collection account, significantly simplifying reconciliation of account receivables. The IBANs support inbound/outbound EUR bank transfers to or from any bank account in the EU via SEPA. APIs provide submission of customer KYC, allocate unique IBANs, initiate outbound transfers and notify about inbound transfers routed to these IBANs.

  • Allocate and manage IBANs as needed
  • Reconcile incoming payments by allocating different IBANs to various customers or group of customers (e.g. one IBAN = one customer)
  • Smoothly operate thousands of Virtual IBANs

SEPA PAYOUTS

This fully automated solution enables EUR-denominated bank transfers to EU bank accounts. Clear Junction receives a lump sum which is paid out to various European bank accounts based on instructions via API or files.

  • Pre-allocation of funds on a payment balance maintained with Clear Junction enables speedy transfer to the payee’s account
  • Non-European money transfer to a European consignee is up to tenfold cheaper than standard transfer
  • Precise currency conversion rates available in real time when sending money abroad

PAYOUTS TO CIS

After receiving a lump sum and relevant instructions from a customer, this service supports money transfers to Russian and Ukrainian bank accounts or card balances in local currencies.
This fully automated solution enables submission of payout instructions via API or files.

PAYOUTS TO CIS

After receiving a lump sum and relevant instructions from a customer, this service supports money transfers to Russian and Ukrainian bank accounts or card balances in local currencies.
This fully automated solution enables submission of payout instructions via API or files.