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What is Freemarket?

Freemarket is an all-encompassing global payment software tailored for business-to-business transactions, designed to facilitate seamless cross-border money transfers by integrating payments, currency exchange, multi-currency accounts, liquidity solutions, and powerful APIs into a secure platform. This cutting-edge solution enables companies to manage and transfer funds across more than 30 currencies while providing global payment capabilities, including same-day transfers, real-time foreign exchange pricing, and liquidity tools for stablecoins as well as USD/EUR, all accessible through an easy-to-navigate web banking portal or a developer-friendly API. It is specifically designed to help users develop and implement tailored cross-border payment solutions, enhance their treasury operations, and venture into new markets with less dependency on intermediaries and faster transaction speeds. Furthermore, Freemarket includes built-in risk and compliance features, offers expert guidance, and links users to an extensive global banking network, ultimately aiming to reduce complexity and improve operational efficiency in crucial industries such as iGaming, digital asset services, and money service providers. With these comprehensive offerings, Freemarket not only empowers businesses to tackle the intricacies of international transactions more effectively but also fosters confidence in their financial operations, enabling them to thrive in a competitive global landscape. In summary, Freemarket is committed to revolutionizing the way businesses approach cross-border payments while ensuring they remain agile and competitive.

What is BankStore?

BankStore operates as a digital marketplace tailored for businesses seeking bank accounts and payment solutions. With a vast directory that includes 1,386 providers from 103 countries—spanning banks, electronic money institutions (EMIs), payment processors, and acquirers—the platform empowers users to compare an array of products, fees, and coverage alternatives. Users can refine their search results by jurisdiction, industry type, company structure, and currency needs. Furthermore, the platform includes a reusable Know Your Business (KYB) profile to assist in managing company information and required documentation, while guided workflows help users keep track of provider requirements and application statuses. It also supports cross-border transactions, foreign exchange services, and merchant acquiring options. The user demographic includes startups, small to medium-sized enterprises (SMEs), e-commerce entities, fintech innovators, investors, and organizations operating in the Web3 space. As a tech intermediary rather than a conventional bank, BankStore collaborates with various institutions that offer services, allowing them to independently set the onboarding procedures for applicants. It's essential to note that the platform does not handle customer funds directly. While accessing the directory, finding matching providers, and creating profiles is free, fees for third-party services may vary depending on the provider chosen. This model not only simplifies the options available for business banking but also improves accessibility for a wide variety of enterprises, paving the way for more inclusive financial solutions. In doing so, BankStore fosters an environment where diverse businesses can thrive and easily navigate their banking needs.

Media

Media

No images available

Integrations Supported

Cryptopay
Novatti
Payop

Integrations Supported

API Availability

Has API

API Availability

Pricing Information

Pricing not provided

Pricing Information

$0
Provider matching is available at no cost. Depending on the service, BankStore may charge an annual platform license or a success fee when an account is opened through a supported process. Provider fees pass through without markup, and there is no setup fee if no provider matches.
Free Version

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub

Training Options

Not specified

Company Facts

Organization Name

Freemarket

Date Founded

2011

Company Location

United Kingdom

Company Website

www.wearefreemarket.com

Company Facts

Organization Name

BankStore

Date Founded

2023

Company Location

United Kingdom

Company Website

bankstore.ai

Categories and Features

Cross-Border Payment

Not specified

Categories and Features

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