Collect. Convert.Pay your suppliers.
A business payment account in your own company name. Take money in from your UK retailers, convert it into the currency your supplier invoices in, and send it out the same day — without a letter asking what the money is for every time a big one lands.
- Account name
- Your company’s
- Pay out in
- GBPUSDEURCAD
- Currencies
- 12 on one account
One payment, end to end
Same day- 1Money in£48,200From your UK retailersGBP
- 2Converted1.10Rate quoted before you commitGBP → USD
- 3Paid out$53,020To your supplier in ShenzhenUSD
Illustrative figures, not a real transaction. Rates and timings are corridor-specific.
Figures, rates and activity shown here are illustrative, not a live feed.
Regulated payment services
Provided by an FCA-authorised firm
Accounts in your own name
Named, not shared
Twelve currencies
On one account
UK-based
Onboarded by people here
12
Currencies on one account
FCA
Authorised provider, No. 508565
Same day
Where the corridor and cut-off allow
UK
Based, and onboarded here
What you can do with OvaroPay
One IBAN. Twelve currencies.
Eleven foreign currencies alongside sterling. Receive into them, hold the balance until the rate suits you, and convert through real-time FX.
Explore multi-currency accounts12
Currencies on one account
The problem
The high street has decided your sector is too much work
Not because you are doing anything wrong. Because a blanket risk appetite is cheaper to run than a proper look at an import business. Meanwhile the money still has to move.
Declined on the category, not the company
Whole sectors get turned away at onboarding because a bank has decided the category is too much work. It is rarely about what your business is actually doing.
Offboarded a year in
An account that worked fine suddenly closes with two months’ notice and no explanation, and the search starts again from nothing.
Paying for FX without seeing the price
Two and a half to three percent is common, buried in the rate rather than shown as a fee. Most importers have never been quoted the number.
Payments held every time one is large
A supplier invoice for six figures triggers a review, the container waits, and the relationship with the supplier pays for it.
What the account does
Three things, and they are your whole working week
Money in from your buyers, currency converted, money out to your suppliers. That is the product. Everything else on this page is detail underneath it.
Collect
Take payments in from your retailers and buyers across the UK, into an account in your own company name.
Convert
Turn sterling into USD, AED, HKD, EUR and the other currencies your suppliers invoice in — at a rate quoted before you commit.
Pay
Send it out to suppliers in China, Hong Kong, Dubai and elsewhere, same day, without a letter asking what the money is for.
Solutions
Four lines, one account
Money in from your customers or your clients abroad, currency converted, money out to suppliers, contractors or staff. Each runs on the same account, in your own name.
Business payments
Cross-border payments built to scale
Money in from your customers, currency converted at a rate you are quoted before you commit, money out to suppliers abroad. Most businesses run those three steps across three providers, and lose time and margin at every handover. This is the three in one place.
Business payments →Multi-currency accounts
Foreign currencies alongside GBP on one IBAN
One account, in your company's own name, holding balances in the currencies you actually trade in. Your retailers pay in, your balances sit where you need them, and conversion happens when the rate suits you rather than when a payment forces it.
Multi-currency accounts →Freelancers
Get paid by clients abroad, in their currency
You invoice clients abroad and get paid in their currency. The money arrives in dollars or euros, and by the time it reaches a UK current account somebody has taken a slice of it in a rate you never saw. This runs the other way round from an importer's account — money in from overseas, held, converted, drawn down here — but it is the same three moves, on the same account.
Freelancers →Global payroll
Pay distributed teams across borders
Payroll is the least forgiving payment there is. It has to clear on the day it is supposed to, in the currency the person is paid in, every time — because the alternative is someone who does not turn up. This is built for that, at volume.
Global payroll →Who it is built for
Who OvaroPay is built for
Three shapes of business, one account underneath. Pick the one that looks like yours.
Collect here, pay abroad
You buy stock overseas and sell it in the UK. Money comes in constantly from a spread of buyers and goes out in large lumps to suppliers who invoice in someone else's currency.
- Named account, so retailers pay your company rather than a reference
- A rate quoted before you commit, so a purchase order can be priced
- Same-day settlement where the corridor and cut-off allow it
The same account underneath all three. What changes is which way the money runs and what happens to it in the middle.
The cost of a bad rate
Two and a half percent does not sound like much
It is charged on everything you convert, every month, and it is almost always taken inside the rate rather than shown as a fee — which is why most importers have never been told the number.
Here is what that margin takes out of a business, by the amount it converts each month. The figures are arithmetic, not a quote.
Price one real transactionWhat a 2.5% margin costs, by monthly volume
Monthly cost of conversion, with the annual figure beside it.
- £100,000 / month£2,500£30,000 a year
- £250,000 / month£6,250£75,000 a year
- £500,000 / month£12,500£150,000 a year
- £1m / month£25,000£300,000 a year
Illustrative arithmetic at a 2.5% margin — the middle of the 2–3% commonly charged on business FX, and usually taken inside the rate rather than shown as a fee. What you pay today depends on your provider and your volume. Send us one real conversion and we will price the same transaction beside it.
Pricing
Tell us what you pay now, and we will price the same transaction next to it
There is no rate card on this page, and that is deliberate. The number that matters is not ours in isolation — it is the difference between ours and what is coming out of your account today. Most importers have never been shown that figure.
Bring one real conversion. A recent supplier payment, the amount, the currency, and what you were charged. We will quote the same one.
Price one transaction- A fee on funds received, quoted up front.
- A margin on conversion, quoted before you commit.
- Payout fees per the current rate card, confirmed when we quote.
- Reviewed at three months, when we both know what the real volume is.
Why this works
What is different is the onboarding, not the marketing
The account is in your company name
Named, not shared. Your retailers pay into your company, and your suppliers see who is paying them.
Onboarded properly, not waved through
Real due diligence at the start, on the understanding that yours is a legitimate trading business. That is what makes an account that stays open.
A rate you are quoted before you commit
You can price a purchase order against a rate you have been given. You cannot price one against a rate you find out afterwards.
Someone who knows what you import
We deal with importers and wholesalers all day. Nobody here needs the trade explained from the beginning.
The other side of the business
Already licensed? We sell the platform to run on.
If you hold your own SPI or API permission, you do not need our licence — you need the technology. A customer web portal, iOS and Android apps, and an admin back end, shipped already integrated with payment processing, KYC and payouts.
See the platform- Customer web portal
- iOS and Android apps
- Admin back end
- Live demo, in person
Currencies
Everything you need to move money across a border
One account for money in, the currency in between, and money out — with the rate shown before you commit rather than after.
Multi-currency accounts
Eleven foreign currencies alongside sterling on one account in your own company name. Receive, convert through real-time FX, and pay out from the currency balance.
Tap a currency to see the same payment land in it. It cycles on its own if you don’t.
Incoming payment
USD- From
- Your GBP balance
- Converted
- £1,240 at 1.268
- Lands in
- United States
They receive
US$1,572.82
Rate shown before you commit.
Illustrative: indicative rates written down once, not a live quote. The rate you are given is quoted before you commit.
Same-day where it is possible
Supplier invoices settled the same day where the corridor and the cut-off allow it, rather than sitting in a queue while somebody decides whether a large payment looks right.
The rate before you commit
You are quoted, you decide, and then it goes. A purchase order you can price is worth more than a rate you find out about afterwards.
Money in from the UK
Take payments from retailers and buyers across the country into an account in your own company name, so it is clear who has paid you and for what.
Money out to your suppliers
Pay suppliers, contractors and staff abroad from the currency balance you are holding, without a round trip through sterling on the way.
Onboarded properly
Real due diligence at the start, on the understanding that yours is a legitimate trading business. It is what makes an account that stays open.
Where the money lands
The platform
See your OvaroPay dashboard
One place to track balances, send payments, convert between currencies and manage the account.
Welcome back
Here is your account overview.
£15,658.34
$18,655.11
€2,586.03
Recent payments
- TXN-58217-CQ$3,240.50Completed
- TXN-58204-KL£1,120.00Completed
- TXN-58198-RM€880.00In progress
Your Company Ltd
London, United Kingdom
- Account no.
- •••• ••••
- Sort code
- ••-••-••
- IBAN
- GB•• •••• •••• ••••
Need help?
Reach the team that opened your account, not a queue.
Illustrative preview — figures and account details are placeholders, not a real customer account.
Questions
The ones we get asked first
Are you a bank?
No, and we do not pretend to be. OvaroPay introduces you to CoBanq Ltd, who provides the regulated payment services and is authorised and regulated by the Financial Conduct Authority as a payment institution — not a bank. Your money sits in safeguarded accounts rather than being lent out, which is why there is no lending and no overdraft attached to it.
Is the account in my company name?
Yes. It is a named business account, so money arrives from your retailers cleanly and your suppliers can see who is paying them. No shared accounts, no payment references doing the work a company name should be doing.
My last account was closed. Is there any point applying?
That is most of the conversations we have. A closure usually says more about a bank's appetite for a whole sector than about your business. We onboard properly instead of declining on sight, which means real paperwork up front — and then an account that stays open.
How long does it take to open?
It depends almost entirely on how complete your file is when it goes in. Everything on our checklist, first time, and a decision comes back quickly. A file that has to be chased in pieces takes as long as the slowest piece.
Can you guarantee I will be approved?
No. Every application goes through full KYB, anti-money-laundering and source-of-funds checks, and the decision comes after those, not before. Anyone who guarantees you an account up front is telling you something they cannot know.
What does it cost?
There is a fee on funds received and a margin on currency conversion, quoted against what you are paying today. Tell us what your current provider charges you on a real transaction and we will price the same one next to it. That is a more useful answer than a rate card, because the number that matters is the difference.
Do I have to move everything at once?
No, and we would not suggest it. Keep your existing account. Run your next import payment through us, compare the rate on that one transaction, and decide from there.
Which currencies can I pay in?
USD, AED, HKD and EUR cover most of what our customers pay out, alongside sterling. If your supplier invoices in something else, ask — the list is longer than the one on this page.
Getting started
Three steps, and none of them are a surprise
No account is opened without proper checks. Knowing what they are up front is what makes them quick.
Tell us the shape of the business
What you trade, roughly what comes in each month, and the currency that goes out. A phone call is usually enough to know whether the account fits.
Send the file
Company documents, ID and address for the directors, proof of the trading address and recent statements. A complete file first time is the single biggest factor in how fast the answer comes back.
The account opens
Named in your company. Your customers pay in, you convert at a rate you were quoted, and the first supplier payment goes out.
Send us one real conversion
The amount, the currency and what you were charged. We will price the same transaction beside it, and you will know within a day whether this is worth your time.
Get started
Send us the shape of the business
What you import, roughly what comes in each month, and what currency goes out. That is enough for us to tell you whether we are the right fit and what it would cost — usually the same day.
Call 020 0000 0000
Email hello@ovaropay.com