There are three different levels of approval as to who you can receive funds from.
These apply across all of Verto’s collection products - Local Accounts, Global Accounts, Payment Request and Top-Up via SmartWallet
3rd Parties + Individual - Your Company is approved to receive from other companies bank account, your own companies other bank accounts and individuals bank accounts.
3rd Parties - You Company is approved to receive from other companies bank account, your own companies other bank accounts. All payments received from individual are NOT supported. Payments receive from individuals will be rejected.
Your company - Your company is approved your own companies other bank accounts. Payments from other companies or individuals will be rejected.
Contact our supported team to have the sender whitelisted if you have other companies in the same group with similar or different names.
If you receive funds from a type not supported by your approval they will be rejected and returned to the sender, minus any fees incurred by Verto in doing so.