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Virtual Accounts

LOCAL ACCOUNTS. NO BANK REQUIRED.

Eliminate the need to open and manage physical bank accounts by centralising global collections in one place.

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Virtual Accounts

You Don’t Have to Be There to Bank There

Give international customers a convenient way to receive funds or accept B2B payments, All without the hassle of setting up and managing local bank accounts.
  • Virtual Accounts in 40+ countries & 25+ currencies.
  • Reduce fees and simplify reconciliation and management.
  • Prefund a Rapyd account to send payouts to contractor their preferred local currency.
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Virtual Accounts. Real Convenience.

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Accelerate Time to Market

Save time and money by avoiding the complexity of opening and maintaining multiple international bank accounts.

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Unlimited Accounts

Simplify account management by generating an unlimited number of Virtual Accounts.

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Collect & Payout

Accept payments and top of your Rapyd account and use funds to send payouts worldwide.

READY. SET. SEND.

Complete the form and let our experts show you how to disburse funds and send B2B payments with ease.

CONTACT RAPYD

Global Transactions. Like Doing Business Next Door.

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Multi-Currency

Set up virtual accounts in 25+ currencies and collect funds globally.

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High-Value Transfers

Accept large bank transfers for funding and payment collection.

Global reach

Global Coverage

Create virtual accounts in 40+ countries, including the UK, Europe, LATAM and Hong Kong.

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Flexible Settlement

Access funds in your Rapyd Wallet and settle on your schedule.

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Auto Reconciliation

Identify payments automatically without manual matching.

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Instant Liquidity

Receive and access incoming payments in your Rapyd Wallet immediately.

Local Bank Transfers

Accept local bank payments without opening accounts in every country.

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Built-In FX

Convert incoming payments into your preferred currency automatically.

MORE ON VIRTUAL ACCOUNTS

Virtual Accounts are unique bank account numbers (vIBANs) that route incoming payments directly into a Rapyd Wallet.

Rapyd Virtual Accounts are available in 40+ countries and 25+ currencies, allowing businesses to receive local bank transfers without opening physical bank accounts in each country. Each Virtual Account acts as a unique payment identifier, automatically matching incoming payments to the correct customer or transaction.

This makes it easier for global businesses to collect payments locally, simplify reconciliation and manage funds centrally.

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Virtual Accounts simplify global collections by allowing businesses to receive local bank transfers without managing multiple banking relationships.

With Rapyd Virtual Accounts, businesses can create unlimited accounts for customers, invoices or regions, while routing all incoming payments into Rapyd Wallets. Each payment is automatically identified, reducing manual reconciliation and improving operational efficiency.

This helps finance teams lower costs, streamline treasury management and scale global payments operations.

Rapyd clients can use Virtual Accounts to recieve  bank transfers from customers across 40+ countries and 25+ currencies.

Use Virtual Accounts to collect payments, fund accounts and support global payouts without managing multiple banking relationships. Rapyd supports a wide range of industries, including high-growth sectors such as iGaming, online gambling, online trading and digital platforms.

Businesses do not need to be located in the same country as the Virtual Account they create. However, clients must meet Rapyd’s compliance requirements, operate in permitted industries and be located in supported jurisdictions.

This allows global platforms, marketplaces and fintech companies to collect payments locally while operating internationally.

Businesses can create Virtual Accounts quickly through the Rapyd Client Portal.

Once your Rapyd account is approved, Virtual Accounts can be generated instantly and assigned to specific customers, invoices or payment flows. Each account acts as a unique payment address that sends funds directly to your Rapyd Wallet.

To get started with Virtual Accounts, contact sales.

Yes. Many businesses use Virtual Accounts to fund payouts through Rapyd Disburse.

Incoming bank transfers are collected through Virtual Accounts and routed to the Rapyd Wallet, where funds can then be used to send payouts to customers, partners or suppliers globally.

This creates an easy flow for businesses that collect funds from customers and distribute payments to recipients around the world.

Collect Payments Like a Local