When looking for a payment processor, it is best that you go for the best service. DynaPay is a UK fintech that offers multi-currency IBANs for payments in 38 currencies for for corporate clients and online merchants. It also offers payment processing solutions for low and medium risk merchants.
DynaPay account comes with other features like multi-user access and currency exchange at wholesale rates. You can use it to make SWIFT, ACH, Faster Payments, SEPA , CHAPS and FedWire payments. You can also use TARGET2 payment scheme within and outside the EU.
DynaPay offers two types of accounts; Business account and Merchant account.
DynaPay Business Account
You can open a DynaPay business account in local details for EUR, GBP and USD within 24 hours. You can open and manage accounts online. Some of the benefits you will enjoy with the business account are multi-user access, instant customer reporting and currency exchange at wholesale rates. It also comes with multi-currency IBANs which you can use to make payments in 38 currencies.
DynaPay Merchant Account
If you have a business, you can open a DynaPay Merchant account. With the account, you can process Visa and MasterCard payments, both incoming and outgoing in different currencies. You can integrate the account with a payment link or use host-to-host integration with your website, or mobile application.
With a DynaPay merchant account, you get an automated payment process, payments with a single click by returning customers. All payments are 3-D secure with fraud detection features.
Other features of DynaPay include:
- Recurring billing
- Instant payments
- ACH Payments and eCheck processing
- Split payments
- Real time payments
How to Open DynaPay Account
Opening a DynaPay account is absolutely free. You can open an account online through the DynaPay website. The account comes with IBAN in your name or that of your company. To open an account, enter your email address and then set up a password.
You will then be required to scan and upload the following documents:
- Certificate of incorporation
- Shareholders structure
- Proof of company address
- Proof of company funds through a financial statement
You can apply for DynaPay Basic tariff and get a free 3-month trial.
DynaPay pricing is structured in as follows.
|DynaPay Basic||EEA Registered Entity||Multinational Entity|
|Offered to||EEA and UK low-risk||Other EEA based||Non-EEA based|
|Initial Fee||0.00 EUR||200.00 EUR||500.00 EUR|
|Monthly Fee||9.90 EUR||50.00 EUR||100.00 EUR|
|Closing Fee||0.00 EUR||100.00 EUR||200.00 EUR|
|SEPA Outgoing||10.00 EUR||10.00 EUR||15.00 EUR|
|SWIFT Outgoing||35.00 EUR||35.00 EUR||35.00 EUR|
|CHAPS Transfer Fee||18.00 GBP||18.00 GBP||27.00 GBP|
|Faster Payments Transfer Fee||1.00 GBP||1.00 GBP||3.00 GBP|
DynaPay Supported Currencies
DynaPay offers dedicated GBP, USD and EUR IBANs. It supports multi-currencies such as EUR, GBP, USD, AUD, CZK, DKK, HKD, SAR, SGD, ZAR, SEK, CHF, HUF, INR, IDR, ILS, JPY, KES, KWD, MYR, MXN, NZD, BHD, BGN, CAD, CNY, HRK, NOK, OMR, PHP, PLN, QAR, RON, THB, TRY, UGX and AED.
DynaPay Supported Countries
If you are a resident of the EU, EEA, Canada and UK, you can open an account with DynaPay. It has offices in countries such as Egypt, Romania, Canada, Cyprus, Latvia, Malta, Columbia, India, Moldova, Russia, the UK and the USA.
Is DynaPay Secure?
DynaPay Ltd is authorized and regulated by the Financial Conduct Authority (FCA). DynaPay ensures the security of data and funds for its customers. It is secured with 2-step verification, ensuring that no one can log in to your account. DynaPay does not invest in client’s funds neither does it keep its funds and that of clients in the same account.
DynaPay Customer Support
You can each DynaPay customer support via phone and email. DynaPay phone number is +44 20 3519 1373 and DynaPay email is [email protected]
You can use these services as an alternative to DynaPay:
Final Word On DynaPay Review 2021
DynaPay is an excellent payment gateau for businesses and merchants. It comes with a dedicated IBAN and supports multi-currency. Therefore, even if you are running an international business involved in cross-border transactions, DynaPay will still cater to your needs.