How to convert and send money with Verto
Verto allows you to simultaneously convert money to another currency and make a payment to an account outside Verto.
Step 1
Log in to the Verto platform.
Step 2
Click the "Convert" button on the left hand sidebar, as shown in the screenshot.
Step 3
Click "Convert & Pay" in the sidebar which appears.
Step 4
Choose the currency you want to convert from, and the currency you want to convert to.
Then, either enter the amount you want the recipient to get, in the currency you're converting to, or enter the amount of the currency you're converting from that you want to send. The Verto rate will be applied and the alternate amount will be automatically calculated.
If you're happy with the conversion rate and the amount the recipient will get, click "Continue".
Note: if you don't have enough funds in your wallet to pay for this conversion and payment, you will be shown three options:
Proceed with the available balance: convert and said the total amount of the currency you are converting from that you have in your wallet. All of the funds in this wallet will be used up.
Book the trade without payout
Top-up your wallet: send more money to Verto, so that you have enough to pay for this conversion. Once the funds arrive with Verto, you will be notified via email, and you can book the conversion.
Step 5
Choose the account which you would like to send the money to. The "My recipients" section is designed for bank accounts held by organisations or individuals which are not your company's or your company's owners' bank accounts.
The "My accounts" section is designed for accounts held by your company or your company's owners.
If the recipient which you want to send to isn't already in the list, click "Add recipient", using which you can add a new bank account to send money to. Find more information on adding a recipient here.
Step 6
Once you've chosen the recipient which you want to send the money to, review the conversion rate and amount the recipient will get.
Then, choose the correct purpose of payment, add a reference which will appear on the recipient's bank statement once received if desired, and upload any supporting documents e.g. an invoice or contractual agreement between you and the recipient, if you have them to hand.
Once you're happy with your payment, click "Send to bank account". The conversion will be made and the money will be paid to your recipient.
Step 7
That's it! The money is on its way to the recipient. For assistance with a payment you've made, open a case on our Chat with Frank support system, or email support@vertofx.com.
If you have additional questions please reach out to us via live chat, Chat with Frank or at support@vertofx.com