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Are you wondering about things like supported currencies, fees & rates, SEPA Payments and Faster Payments?
Have a look at through these common questions. If you're still wondering, then don't hesitate to get in touch. We'd love to hear from you.
Faster Payments is the name of the UK's popular real-time payments scheme. Businesses can send Faster Payments to bank accounts throughout the UK in less than a minute with Transactive's API, or through the "Send Payments" function in Transactive's secure web portal.
SEPA Payments refer to Euro payments initiated using the common messaging protocol agreed by all 34 countries of the Single Euro Payments Area. SEPA payments allow account holders within the SEPA zone to make or receive the following types of transactions:
direct debit payments
With Transactive, any company can take advantage of SEPA Payments, no matter where they are based.
Transactive can provide you with Virtual Bank Accounts in EUR and GBP. Do you need to send high volumes of EUR and GBP payments, but don't have the ability to fund your account in EUR or GBP? Fear not. You can send a wire transfer in any major currency to the bank account we specify, and we'll be pleased to ensure your account is credited in EUR or GBP according to your needs.
There is no fee to access the API and integrate the service. You can test to your heart's content in our open Sandbox environment. To find out what per-transaction pricing applies to the services you need, complete the pre-application form, or contact us with a convenient time to discuss your needs. We'll suggest a plan that saves you time, money, and is easy for your accountants as well. Transactive charges simple per transaction fees that are competitive with banks and other providers.
Visit https://developers.transactiveltd.com/. Click on Sandbox Registration and complete the short form. We'll immediately provide an API Key that you can use in the API Reference section to begin sending and receiving payments between two sandbox accounts. Let us know if you want to test sending and receiving outside of the Sandbox environment and we'll make that functionality available to you ASAP.
Visit https://developers.transactiveltd.com to view the API Documentation.
Transactive provides back-end business banking services to registered companies only. For one-off transfers or individual remittance services, please visit a remittance service provider.
Transactive works with businesses in a wide variety of industries including Lending, Payroll, Market Research, Affiliate Marketing, Platform Development, Financial Services, and more. Transactive does not work with any business type that appears on Transactive's prohibited business list including:
“Get rich quick schemes”
Adoption agencies - for profit
Adult Content and Services
Airlines / Charter Services
Animals and regulated species
Buying/Shopping Clubs, Services
Charities - Unregistered
Check cashing institutions - The purchase of foreign currency, money orders, travelers checks or money transfer.
Content that is patently offensive and lacks serious artistic value
Copyright media and software
Counterfeit and unauthorized goods / Imitation and replica products, including, but not limited to, clothing and accessories
Counterfeit Medical and Dental Devices
Credit card protection, credit repair services, and/or collection services
Credit Protection or Repair or Identity Theft Services Cruise Lines
Debt Collection Services
Debt, Marriage, Personal - Counseling Services - Non-licensed merchants that provide a variety of counselling services such as debt and financial counseling, marriage and family counselling, alcohol and drug abuse counselling and other personal counseling
Direct Mail Sweepstake, Contest and Astrology Promotions
Drugs and related paraphernalia (including but not limited to research chemicals and illicit herbal incense)
Essay mills/paper mills
Extended Warranty Programs
File Sharing Services/High-risk cyberlocker Merchants
Outbound Telemarketing Merchants
Pharmaceutical Sales including prescription drugs
Timeshares - advertisers and resellers
Tobacco products and related paraphernalia
Travel Agencies and Tour Operators
Travel Related Arrangement Services
Unlawful internet gaming and gambling
(Including and not limited to firearms and ammunition)
Have some general questions? Want to speak with an account manager? Ready for live testing? Call or email anytime. We look forward to hearing from you. Tel: +44 (0) 208 275 1170 Email: firstname.lastname@example.org
Complete the short pre-application form on the Get Started page of our website, or speak with one of our friendly client support members at +44 (0) 208 275 1177. You will be among the first in line to receive excellent service and great rates through Transactive.
Complete our pre-application in 10 minutes,
start integrating for free today.