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SatchelPay | Build Your own payment solution

Online Account for Small Business: How to Get It?

Online Account for Small Business: How to Get It?

The world is moving online at an unbelievable pace. Only a few years ago, buying a mobile phone on the Internet was something special, but now millions of peoples consider purchases of most things, even groceries, online a normal thing. This transition to the Internet is so fast that even the biggest multinational delivery companies have problems with coping with the growth. People follow the trend, and now, when they need something, they search and buy it online.

Naturally, this relates to the small businesses, as they need to offer all their goods and services online and give the customers an ability to buy them just in a couple of clicks, using an option they are used to.

What a Business Checking Account Offers

Most small business banking services provide financial features that cover all the needs of a small business. These current accounts allow receiving transactions from the customers, usually by any of the modern options like wire transfers, card payments or any other available payment system. They also allow using the same account for savings or everyday business expenses. All of it can be done not only in euro, but in any comfortable currency, either with an automatic exchange or by having multiple currency accounts.

How is it Beneficial to You?

Opening a small business account is beneficial to any business that operates online at least partially. Imagine that you have an online store where your customers can pay you directly to your current account from anywhere in the world. You don’t even have to think about their local currency, everything can be converted to euro when you need it with low fees. Especially after the uprising of the next-day delivery services and the European Customs Area, you can sell your goods and services to anywhere from Portugal to Norway, and people will have it all delivered just as if you are located next door. This is almost not possible with local payment systems and cash upon receipt payments, so you are want to dig deeper into the best business banking for small business.

How to Open a Small Business Account Online

Small business banking service providers don’t require you to visit an office, sign a pile of papers and need the same basic company information for any European business. Once you’ve found the best business banking for small business, it will have an online application form that will request your company’s basic information and documents. Once you’ve submitted the form, you will get ahold of your new current account within a few days, and you’re ready to go!

Once you open a small business account online with SatchelPay, you will receive the most complete set of tools for the smooth operation, like electronic invoicing, multi-currency IBAN, ability to send and receive transfers employing multiple payment options, great exchange possibilities, and a pre-paid MasterCard for your business’ everyday expenses.