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IBAN

Content about IBAN for merchants and PSP/EMI clients in high-risk verticals (iGaming, betting, FX/CFD, crypto, adult, nutraceuticals, travel). We cover what IBAN is and how it’s used for collections and payouts via SEPA SCT / SCT Inst and SWIFT, virtual IBANs (per-merchant or per-customer references) for clean reconciliation, statement mapping, and cash management.
Implementation topics: format/length & mod-97 validation, country specifics, naming and reference fields (EndToEndId/USTRD), webhook/report design, cut-off times and T+ settlement, multi-currency setups, and pooled vs dedicated/safeguarding accounts.
Compliance for high-risk: KYB/KYC, AML/KYT, sanctions & geofencing, proof of funds/wealth, and de-risking expectations from banks/EMIs. Includes playbooks for combining IBAN payouts with card/APM/crypto flows and handling refunds vs reversals.

Authoritative outbound resources

  • SWIFT — IBAN Registry (country formats)

  • European Payments Council — SEPA SCT & SCT Inst

  • European Commission — SEPA legal framework

  • FCA/EBA guidance — safeguarding and payment institutions