Online payment processing

 Online payment processing The next essential part of what makes up “merchant services,” is the different tools available for payment processing. Senmo a Merchant Services Provider functions as the intermediary between banks, your business, and your customers. This allows you to confidently accept your customers’ preferred form of payment. With a Merchant Services Provider, you can depend on this payment arriving securely in your bank account. 

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Faster Settlement

We're global and better

We help you create seamless experiences by bringing all your payments together through one integration. You can easily shape our solution to match your business needs and it responds to change as it happens. So you’re always ready for anything. Online payment processing follows a similar format as a brick-and-mortar store’s payment processing

Key Features

Multi Currency Account

Get a beneficiary IBAN in 33 Currencies in one account.

Diverse Payment Network

Transfer funds to everyone around the worl using SEPA, SWIFT or UK Faster Payments.

Currency variety

Hold, send, and receive funds in 33 currencies to minimize conversion fees.


Real Time Rates

Access live rate quotes before a conversion is made.


Pre-agreed margin

Competitive rates with pre-agreed margins.

Full reporting

Full reporting with FX rate data available.

Available Currencies

Every cross-border payment uses currency pairs to quote and execute trades. Here is our comprehensive list of which currencies can be traded on our platform.

Australian Dollar (AUD)

Israeli Shekel (ILS)

Russian Ruble (RUB)**

Bahrain Dinar (BHD)

Japanese Yen (JPY)

Saudi Riyal (SAR)

Bulgarian Lev (BGN)

Kenyan Shilling (KES)

Singapore Dollar (SGD)

Canadian Dollar (CAD)

Kuwait Dinar (KWD)

South African Rand (ZAR)

Chinese Yuan (CNY)

Malaysian Ringgit (MYR)*

Swedish Krona (SEK)

Croatian Kuna (HRK)

Mexican Peso (MXN)

Swiss Franc (CHF)

Czech Koruna (CZK)

New Zealand Dollar (NZD)

Thai Baht (THB)

Danish Krone (DKK)

Norwegian Krone (NOK)

Turkish Lira (TRY)

Euro (EUR)

Omani Rial (OMR)

Ugandan Shilling (UGX)

Hong Kong Dollar (HKD)

Philippine Peso (PHP)*

UK Sterling (GBP)

Hungarian Forint (HUF)

Polish Zloty (PLN)

United Arab Emirates Dirham (AED)

Indian Rupee (INR)*

Qatar Rial (QAR)

US Dollar (USD)

Indonesian Rupiah (IDR)*

Romanian Leu (RON)

* Indian Rupee (INR), Indonesian Rupiah, Malaysian Ringgit and Philippine Peso are restricted currencies. You cannot fund these currencies directly. They can only be bought by converting another supported currency and sold back only in exceptional scenarios.

**Russian Ruble (RUB) – Currencycloud supports RUB as a sell currency only. You can not convert any other currency into RUB for payments.

How Foreign Currency Account works

Convert currencies at wholesale rates, make payments in 38 currencies to over 180 countries.


Register your business with us, we will set up your account and provide you with your own dedicated multi-currency IBAN.


Provide your account information to your clients so they can transfer funds to you or fund it from one of your accounts in another institution.


Login to our online portal to manage your funds, send payment out to your suppliers or pay for expenses.

Frequently asked questions

What is a Foreign Currency Account?

Foreign currency account (also known as an IBAN: International Bank Account Number) allows you to receive money in 34 currencies and send money in 38 currencies from within a single account. You can hold, deposit, Exchange or withdraw funds. 

Are there limits on the amount of money i can send and receive?

No, there are no transaction limits on Senmo multi currency accounts.

Which currencies can i send and receive in my account?

Senmo allows you to receive payments in 34 currencies and send 38 currencies.

How do i add money to my account?

You can add money to your senmo account in one of the three ways:

  • Provide the account information to any person or company to pay you into the account from any bank account in the world.
  • Send money to your account from another one of your accounts in another financial institution.
How do i send money from my account?

Once you opened your verified IBAN account and added money to a balance, transferring funds is simple. Login to your account and add a beneficiary in the page pay, then simple submit the transfer to that beneficiary.

Are there any minimum and maximum amounts i can exchnage?

No, there are no minimum and maximum exchange amounts for FX transactions. For large trades please contact us for the best rates!


Get Started

Convert currencies at wholesale rates, make payments in 38 currencies to over 180 countries.