Verto: Streamlining Global B2B Payments with a Comprehensive Financial Ecosystem

This description will explore the details of Verto’s offerings. It will provide an overview of its features, benefits, and the challenges it addresses for businesses aiming to grow internationally.

What is Verto?

Verto is a financial technology company that provides a global B2B payments platform for businesses ranging from startups to large enterprises. The company’s mission is to simplify cross-border payments, making them as seamless as local transactions. Verto achieves this by offering a suite of solutions that includes multi-currency accounts, foreign exchange (FX) services, and robust payment infrastructure. With a focus on emerging markets, Verto aims to provide businesses in these regions with the same access to the global financial system as their counterparts in more developed economies.

Core Services and Offerings

Verto’s platform is built around a set of core services that address the key pain points of international business transactions:

• Multi-Currency Accounts: Verto enables businesses to open local accounts in various countries and hold funds in multiple currencies. This eliminates the need for multiple international bank accounts, simplifying financial management and reducing costs associated with currency conversions. Businesses can receive payments from over 190 countries, making it easier to do business with a global customer base.
• Foreign Exchange (FX) and Treasury Management: Verto provides access to over 49 currencies in real-time, allowing businesses to manage their FX exposure and optimize their global finances. The platform includes a currency exchange marketplace where businesses can negotiate and exchange currencies at their desired rates, offering greater control and transparency than traditional banking channels.
• Cross-Border Payments Infrastructure: At the heart of Verto’s offering is its robust cross-border payments infrastructure. The platform is designed to streamline payouts and manage global expenses efficiently. Through its API solutions, Verto enables businesses to embed and automate financial tasks, further simplifying their international payment workflows.

Pricing and Plans: Tailored to Your Business Needs

Verto offers a tiered pricing structure designed to cater to businesses of all sizes and at different stages of their growth journey. The plans are transparent and flexible, allowing businesses to choose the option that best suits their needs and transaction volumes.

• Verto Free: This entry-level plan is free of cost and is ideal for startups and small businesses that are just beginning to explore international markets.
• Verto Lite: For businesses with growing international transaction volumes, the Lite plan offers additional features and benefits for a monthly fee. In the US, this plan is priced at $25 per month, and in the UK, it is £25 per month.
• Verto Emerging: This plan is designed for businesses with more significant international operations and offers even more competitive FX rates and lower transaction fees. The monthly fee for this plan is $50 in the US and £50 in the UK.
• Verto Enterprise: For large corporations with complex international payment needs, Verto offers custom pricing and a bespoke suite of services.

Wallet-to-wallet transfers between Verto users are free across all plans, and local payment fees are also waived. For international SWIFT payments, a standard fee of $20 applies to all plans.

Integration and Automation with Verto’s API

Verto’s RESTful API is a key feature for businesses looking to automate their payment processes and integrate Verto’s functionality into their existing systems. The API allows for a wide range of actions, including:

• Checking wallet and balance information
• Checking exchange rates
• Exchanging funds
• Creating and updating beneficiaries
• Creating payments

The API is designed to be developer-friendly, minimizing integration time and allowing businesses to scale their international operations with ease. Webhooks are also available to provide real-time notifications on transaction statuses, further enhancing the automation capabilities of the platform.

Security and Compliance: A Foundation of Trust

Verto places a strong emphasis on security and compliance, ensuring that customer funds are protected and that all transactions are conducted in a secure environment. The company is authorized by the Financial Conduct Authority (FCA) in the UK as an Electronic Money Institution (EMI), which means it adheres to strict regulatory standards.

Key security features include:

• Segregated Client Accounts: Customer funds are held in separate, segregated accounts, completely isolated from Verto’s own business funds.
• Two-Factor Authentication (2FA): 2FA is used across the platform to provide an extra layer of security for user accounts.
• Data Encryption: All data is encrypted in transit and at rest, protecting sensitive information from unauthorized access.
• Compliance with Anti-Money Laundering (AML) Regulations: Verto adheres to all relevant AML and counter-terrorism financing (CTF) regulations.

Verto Pay: The Mobile Solution for SMEs

The Verto Pay mobile app is designed specifically for small and medium-sized enterprises (SMEs), providing them with a convenient way to manage their international payments on the go. The app allows users to create virtual USD cards for international transactions, manage multi-currency wallets, and track their expenses in real-time.

Customer Success Stories

Verto has a proven track record of helping businesses streamline their international payments and achieve their global growth ambitions. Customer case studies highlight how Verto has helped businesses in various industries, from e-commerce to manufacturing, to improve their operational efficiency, reduce costs, and expand into new markets.

Conclusion

Verto is more than a payment gateway. It is a complete financial system that helps businesses succeed in the global market. With clear pricing, strong security, and an effective API, Verto offers a flexible and affordable solution for companies of all sizes. Whether you are a startup entering international trade for the first time or a large company wanting to improve your global payment processes, Verto has the tools and knowledge to support your success.