How to add a beneficiary in the Merchant Portal?

We’ve consolidated all beneficiary management under one 'Manage Beneficiaries' section. Now you can find all your existing beneficiaries and add new ones easily under the 'Manage Beneficiaries' section. This change will simplify the process of making payouts.



If you’re looking to add a new beneficiary to execute fiat payments on the BVNK Merchant Portal, follow the instructions below.

  1. Log in to the BVNK portal.
  2. Navigate to ‘Manage Account’ and click ‘Manage Beneficiaries’.
  3. Click on “Add beneficiary’. You’ll be able to add your own bank account information to complete withdrawals, and that of your partners if you’re looking to do payouts.
  4. Next, select ‘Add beneficiary’, and select if the beneficiary is ‘Local’ (using SEPA, CHAPS, Faster Payments) or International (using SWIFT, Wire etc.)
  5. Fill in the required information on the screen.
  6. If the beneficiary information relates to your company's account on another platform, please make sure to tick the ‘This account belongs to your company’ checkbox.
  7. Once the required information has been filled in, click ‘Add beneficiary’ and you’ll be able to use the details when making payments on the BVNK Merchant Portal.

Here is a Loom video explaining it in more detail.

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