FAQ

  • Find quick answers about BinaxPay Business accounts, payments, cards, integrations, and compliance.

Frequently Asked Questions

Quick answers about BinaxPay Business onboarding, accounts, cards, payments, security, AI assistant, and support.

  • How long does onboarding take?

    Most applications are verified within the same business day once all documents are correctly submitted. Complex ownership structures or enhanced due diligence may take longer.

  • Who can open a BinaxPay Business account?

    Registered companies, startups, and sole traders from supported jurisdictions. An authorized representative must complete KYB/KYC and provide corporate documents.

  • What documents are required?

    Typically: recent company registry extract, articles/incorporation, directors and UBO IDs, proof of address, and (if applicable) an ownership chart. We may request additional information to satisfy regulatory requirements.

  • Do we get a dedicated IBAN?

    Yes. Each verified business receives a dedicated IBAN for incoming and outgoing payments, improving reconciliation and transparency.

  • Which payment rails are supported?

    We support SEPA for EUR, SWIFT for international transfers, and domestic rails where available. Transfer speeds and cut-off times depend on the rail and destination.

  • What are the FX rates and fees?

    Fees and indicative FX rates are shown in your dashboard and on the Pricing page before you confirm a transaction. No hidden fees.

  • Can multiple users manage one account?

    Yes. Invite team members, assign roles and permissions, and configure approval workflows for payments and card spend.

  • Do you integrate with accounting or ERP tools?

    Yes. Export statements in common formats and connect via our APIs or available connectors to popular accounting/ERP systems.