Dedicated IBAN accounts are indispensable tools in companies from different sectors, as they offer multiple benefits such as improving the organization’s financial management, helping with regulatory compliance, and allowing the company to conduct transactions across multiple countries. However, with so many options currently available on the market, it can be difficult to choose the right provider. Below, we’ll share some tips for choosing a dedicated IBAN account provider.
Security level
When choosing a dedicated IBAN account provider for businesses, it’s advisable to check the security level of their platform, as this factor is crucial for managing a company’s financial assets and building user trust. For example, you can check the different security measures the platform has in place to protect its users’ financial and personal data.
It is important to note that the level of security of the supplier can also be determined through reviewing compliance with the different local rules and regulations and the registration of the supplier in their respective jurisdiction, since this guarantees a certain level of supervision and quality in the supplier’s products and services.
License type and services
When choosing a dedicated IBAN account provider, it’s a good idea to check the types of licenses they hold, as the type of license determines which services they can offer.
Among the most notable services that a business financial services provider can offer are dedicated IBAN accounts, SEPA transfers, payment processors, Exchange, batch payments, Wallet, accounting suite, general ledgers (FIAT and VC), among others.
Rates and operating costs
When choosing an IBAN account service for companies, it is advisable to check the rates and costs that the supplier may apply to each operation, as this may increase the operating costs of the company, especially if it handles a high flow of transactions. Among the most important fees and costs are those related to operations such as transfers, receiving payments, account maintenance, currency conversion, among others.
User interface
It’s advisable to check the provider’s platform’s user interface, as it should be intuitive and easy to use. It should also have multiple features and tools that allow the company to efficiently manage its financial resources. For example, if the platform isn’t intuitive or difficult to use, then it won’t be possible to take full advantage of all of its features and tools.
also advisable to verify the level of compatibility or support of the platform with the company’s pre-existing operating systems, as this will facilitate the adoption and implementation of the platform.
Quality of service and customer support
When choosing a dedicated IBAN account service provider for businesses, it is advisable to check the level of quality of service and customer support, as this will give you an idea of how you will experience future treatment, support, and interaction with the provider. It will also give you an idea of the provider’s level of experience and ability to resolve any situation or problem that may arise.
What do you think about this topic? Would you like to learn more about the dedicated IBAN account service for businesses in Pilsenga?
If you are interested in Pilsenga products or services (including the dedicated IBAN account service for businesses), you can contact us by visiting the following link.
