Payment accounts

Payment accounts are used to carry out payment transactions (collecting payments in ISO currencies, paying out funds to a bank account, etc.). They allow you to hold funds in an ISO currency (EUR, USD, CHF, GBP, etc.) and have their own IBAN/BIC.

With few exceptions, a Payment Account is linked to a bank account with the same account holder, enabling CentralPay to make automatic payouts via SEPA transfer.

If you have several bank accounts to which your funds must be paid out, you may ask your CentralPay contact to create the same number of Payment Accounts in your CentralPay Merchant profile. This way, each Payment Account will be linked to a different bank account and will send SEPA payouts accordingly.

It is also possible to create several payment accounts for fund segmentation purposes (with an account dedicated to commission or fee transactions, for example).

You can view the details of your payment accounts via the following access points:

1. Usage

Payment accounts are systematically used for our platform’s payment transactions, except for electronic money transactions.

2. Creating payment accounts

If you are a CentralPay merchant, you may send an email request to the CentralPay teams to create several payment accounts in your name. This is to segment your transactions or to open an account in a different currency.

If you are a CentralPay MOBSP Partner or AGENT representative, you can create accounts for your merchants using the onboarding request service.