At Ebury, we understand that efficiency and security are key when it comes to managing your financial transactions. That's why we offer the "Trusted Beneficiary" feature, designed to make your recurring payments faster and safer. Here's how it benefits you:
What is a Trusted Beneficiary?
A Trusted Beneficiary is a payee you have previously set up and verified with us who you plan to make payments to on a regular basis. By designating a beneficiary as "trusted," you're indicating that this is a party you have an established relationship with, which streamlines the payment process for future transactions.
How Does It Work?
Initial Setup and Verification: The first time you input a payment to a new beneficiary, we'll go through a standard verification process. This includes receiving an SMS and having to input the code received.
Designating as Trusted: Once you've completed your first payment, if you pay this beneficiary 14 days later, you can choose to mark them as a "trusted beneficiary" for your account.
Advantages of Trusted Beneficiaries
Streamlined Transactions: For subsequent payments to this beneficiary, the transaction process should be faster by minimising redundant checks, thereby expediting the payment process.
Frequent Payments Made Easy: Ideal for businesses with a regular supplier payment schedule or for individuals with repeat payments like mortgages or tuition fees.
Maintained Security: While transactions are faster, we still maintain high-security standards. Your trusted beneficiaries are closely monitored, and any unusual activity would be subject to additional checks to protect your funds.
For further assistance, feel free to contact Ebury support directly via live chat or at the below email addresses:
EMEA (operationsteam@ebury.com)
Asia Pacific (operationsteam.apac@ebury.com)
America (operationsteam.ca@ebury.com)
