Opening an account in the Payset payment system (UK)

The British payment system Payset is a modern B2B platform for international business.

Payset focuses on personalized support for each client. This means that all clients, regardless of the type of business and turnover, are provided with a personal manager. Pay Set Limited calls this approach "human touch", and it is a key feature of all payment system services. This policy allows you to: 

• Faster onboarding of new customers
• Conduct compliance checks taking into account the specifics of a particular business
• Formulate individual financial logistics of the client
• Provide prompt and live support from a team of specialists

What opportunities does Payset offer to its customers?

• Opening multi-currency accounts for companies, LLCs and individuals;
• No commissions for opening and maintaining an account;
• Storage of funds in 34 currencies;
• Making international transfers via SWIFT and SEPA;
• Providing local bank details (IBAN) for payments to countries in Europe, Asia and the USA;
• FX exchange between 38 currency pairs;
• Ability to fix the exchange rate before the exchange.

The Payset multicurrency business account allows both international companies and small startups to accept payments from customers from all over the world and make payments to suppliers or contractors in 34 currencies. It is not possible to open a separate business account for individual entrepreneurs. The Payset payment system opens accounts for individuals who can carry out commercial activities without registering as a sole proprietor. A separate advantage is the ability to set up bulk payments, as well as pay salaries to employees within the Payset system without additional fees.

It is important for trading companies that Payset's payment infrastructure supports major international and local payment networks, such as:

• SWIFT
• SEPA
• ACH
• Fedwire
• Faster Payments
• BACS
• CHAPS

All Payset solutions are focused on efficiently servicing cross-border B2B transactions and the needs of international business.

Which customers choose to open an account with the Payset payment system?

Most often, accounts are opened in Payset:

• import-export and international trading companies;
• e-commerce companies and online stores;
• sellers working with Amazon, ebay, Temu;
• LLCs and companies engaged in affiliate marketing;
• International startups and business projects;
• Companies with remote teams in different countries that need payroll solutions for employee payments.

Why do international businesses choose Payset?

It combines the functions of an EMI, FX service, and international payment provider, providing a complete financial infrastructure with high compliance standards and personalized support for each client.