Creating recipients on the Verto platform is easy and secure. We validate beneficiary details to help ensure that the details are correct, and reduce the number of failed payments.
Create a recipient
Step 1
Log in to the Verto platform.
Step 2
Select the Customer Hub icon, the fifth icon down on the left.
Step 3
Select the Beneficiary drop down, to reveal the My Accounts and My Recipients sections. Then, choose:
My Accounts if you are adding a recipient which is a bank account in the name of your organisation, or the the owner of your company.
My Recipients if you are adding a recipient which is another organisation's or individual's bank account.
Step 3
Choose Add Bank Account.
Step 4
From the drop down menu, choose the currency you would like to pay this recipient.
Then, choose a company, an individual, or my organisation as the beneficiary type. Choose:
A company - if you're paying a company which isn't your company.
An individual - if you're paying an individual.
My organisation - if you're paying your own company.
After this, choose a payment method:
Local bank - if you're paying a bank account in the domestic country of the currency e.g. paying USD to a bank account in the USA.
International bank transfer - if you're paying a bank account outside domestic country of the currency e.g. paying USD to a bank account in China.
Step 3
Enter the bank details of your recipient. Once the country and SWIFT code is filled in, the bank name and address will be filled in automatically.
Step 5
If required, enter the recipient's address (this is only required for international payments). Select continue.
Step 6
Enter the OTP sent to your phone number, or if you don't have access, get the OTP through email or another method.
Select Add Account.
Your beneficiary will be added, and ready for payout!
Additional Resources
What global and local accounts can I get