BUSINESS ACCOUNT

The Paymix Pro Business Account is available for sole traders and other legal entities such as limited liability companies, partnerships, foundations and trusts.

The PayMix Pro Account has been designed as an alternative cost-effective payment solution to your traditional business banking account. The PayMix Pro Account is available in Euro. However, we are currently working to be able to offer our business customers with the option to have a business account in other currencies. Key Benefits
Apply for a Pro Account by following a simple online application process.
Quicker application processing time. Depending on the timely receipt of the original documentation requested by us we normally will be in a position to process your application and open your business account within a week.
Load your Business Account either through bank transfer or alternative channels applicable in your region.
Process monthly salaries to employees holding a personal account with us at no cost to your business.


Through the portal, PayMix Pro provides you with the following functionality:

SEPA Payments
You can make one-off EURO SEPA payments.
 You can make payments from your Account to a third-party recipient through SEPA Credit Transfers and Electronic Fund Transfer.
 You can process EUR bulk payment towards multiple beneficiaries by simply uploading payment files to the portal.
 On the same day - for payments recivied on a Working Day by 16:00 CET.
 On the following Working Day - for payments received after 16:00 CET.
 On the following Working Day - for payments received on a day that is not a working day in Malta and/or the country of out counterpart bank.

International € Payments
You can make one-off EURO payments to another bank account outside the Eurozone or SEPA using the SWIFT network.
 You can make payments from your Business Account to a third-party recipient through other methods.
 You can process EUR bulk payment towards multiple beneficiaries by simply uploading payment files to the portal
 On the same day - for payments recivied on a Working Day by 13:00 CET.
 On the following Working Day - for payments received after 13:00 CET.
 On the following Working Day - for payments received on a day that is not a working day in Malta and/or the country of out counterpart bank.

Request Payments
You can send payment requests to your clients and have the funds deposited directly to your Business Account.
 Request bank transfers from other bank accounts held in your name with other credit institutions, for which you must provide your credit institution with PayMix BIC & IBAN and your business account number as reference
 Credit/Debit cards issued in the name of a sole trader by other credit institutions/issuers.
 Request for payments raised through our online portal, for which you must provide the third-party sender with PayMix BIC & IBAN and the payment token number generated by our online portal
 Transfers from other PayMix Pro E-Wallet accounts and
 Other payment methods available in your country of residence.
 Load through Credit/Debit cards issued in Your name by other credit institutions/issuers will be made available on the same business day.
 Payments through Bank Transfers will be credited to your Business Account on the following working day after funds are received by Paymix.
 Transfers for other PayMix Pro E-Wallet accounts will be credited to your Business account on the same Business Day.


PREPAID CARD SOLUTION

As a Business customer you have the option to be issued with multiple Prepaid business cards.
 The PayMix Pro Card is a reloadable prepaid card. It is to be used in conjunction with your PayMix personal and/or Business Account.
 The prepaid cards can only be loaded from business account
 You can instantly load funds from your Business Accounts directly onto your prepaid card/s at no cost.
 The PayMix Pro Card is issued in Euro and will not earn interest on any funds loaded thereon
 You have the option to be issued with multiple Business cards to be used by your senior executives or employees for business expenses
 The PayMix Pro Card gives you the freedom to access your funds online and offline any time and anywhere a MasterCard is accepted.
 The PayMix Pro Card can be used as a 'contact' card, meaning it can be inserted into contact terminals (ATM, chip and pin terminal) as well as a 'contactless' card, meaning it can also be used at contactless terminal (station gates, toll way gates, bus terminal or newer retailer's contactless payment terminals.)
 You can have unlimited number of corporate cards in conjunction with your business account.
 Through the Business portal, you will have access to the card management system with detailed transaction reporting per card. You will also be able to block and activate cards through the Business portal.

Other Card Features
 Card spending can be restricted to selected merchants.
 Corporates can at their discretion block or unblock merchant spend.
 Corporates can also load the cards on ad hoc basis, allowing better control of costs.

Your Benefits
 As a low-cost alternative to a business corporate credit cards, the PayMix Pro Card provides the following benefits to corporates:
 A considerably cheaper business alternative to running a standard Corporate Card programme;
 No limit on the number of cards that corporates can apply for and use;
 No credit limits;
 The cards enable corporates to closely monitor in real time business expense payments through the portal. Corporates can monitor all cardholder purchases, eliminating the possibility of fraud.
 A prepaid card programme can also significantly reduce the amount of time spent by accounts staff checking the accuracy of expense claims and expense claim enquiries (as this is done at source).


WEB PORTAL

As a Business customer you will have access to our web portal whereby you can manage your Account and Prepaid card(s). The web portal may be tailor made in a manner that it can be accessible by multiple users within the authorisation rights and/or limits in accordance with your Corporate Signatory or Authorisation Policy thus ensuring proper segregation of duties and a four eye principle. The web portal is embedded with dual user authentication measures for log-in and payment processing for your security peace of mind.