All major payment processors accepted
Create and download ecommerce statements
Setup beneficiaries for payments
Xace™ provide FCA licenced accounts in both GBP and EUR, to ecommerce businesses based around Europe.
Xace are a perfect fit for ecommerce sites. We are happy to accept funds from payment processors (such as those processing Visa, Mastercard, Amex and other debit and credit cards).
We have experience working alongside payment processors, reviewing policies and procedures, such as your returns policy, to ensure your account is right for your business. We can facilitate payments via UK Faster Payments or SWIFT to suppliers, plus issue virtual debit cards for online purchases.
Xace is a FCA licenced Financial Institution, based in the UK. All funds held with Xace are 100% safe in safeguarded accounts with the Bank of England or within the EU.
A Xace account is yours, in your name and your control, not like a digital wallet or a shared IBAN.
Many ecommerce retailers raise flags with traditional banks, which may cause you problems when buying or selling the things you want or need. A Xace account is more flexible for compliant individuals and may be the current account you need for ecommerce transactions.
As an online retailer there can be many challenges with banking, with payments from payment processors delayed or rejected if they seem risky for the bank. A Xace account ensures our compliant business account holders do not have to worry about issues with payments.
Please talk to us for a bespoke fee structure based on your payment volume and currency requirements.
Xace accepts compliant businesses who may also struggle to bank with traditional financial institutions when selling products in emerging markets or using smaller payment gateways that are less known by high street banks.