Due now supports named GBP virtual accounts. If your platform serves business customers that need to receive GBP, you can issue each of them dedicated GBP account details in their own company name, collecting over Faster Payments, BACS, and CHAPS through one integration.
Who this is for
This fits any platform whose end customers are businesses receiving GBP. That covers a wide range of use cases, including:
- Marketplaces collecting from business sellers in the UK
- Payment service providers and gateways whose SMB merchants settle in GBP
- Fintechs onboarding corporate clients that need a GBP account to receive payments
- Payroll and disbursement platforms paying out to registered UK businesses
- B2B invoicing and AR platforms collecting on behalf of their business customers
- Treasury and expense platforms that need dedicated GBP receiving details per client
If your platform onboards businesses that need to receive GBP under their own name, this is built for that, regardless of which category above it falls into.
Instead of building UK banking relationships in-house, you integrate once and issue named GBP accounts to every business customer you onboard. The accounts are named, so your customer's own company name appears on the details they share with payers, rather than a provider's.
What it supports
A GBP virtual account collects through Faster Payments, BACS, and CHAPS. Pay-in settlement times:
Each account is unique to the customer you issue it to, so incoming payments attribute automatically with no manual reference matching.
Full setup details, including the endorsement request and API calls, are in the Due documentation.
One integration for moving money globally
Named GBP virtual accounts are one piece of what Due does. The same API gives platforms:
- 🌍 Local payment rails across 80+ countries, for collecting and paying out in local currencies
- 🪙 Stablecoin networks, so you can settle in stablecoins alongside fiat
- 🛡️ Compliance handled, including KYC/KYB and licensing across markets
- 🔌 One integration, instead of stitching together a separate provider per market
GBP joins EUR and USD as a named virtual account on Due. If you need to issue accounts in other currencies, see Named EUR virtual accounts and USD virtual accounts for business.
If you want to see how named GBP virtual accounts, or the wider platform, fit what you're building, book a demo and we'll walk through your use case.
Disclaimer: Due is not a bank. Banking services, including GBP account details, are provided by Due's regulated bank partners.
