Losing Clients Over Cross-Border Payment Friction

International clients want to pay you, but your banking setup says no.
A Dutch B2B software firm had recently won two clients in Spain. But when invoicing, both requested a Spanish IBAN to avoid extra paperwork and banking fees. The company used a Dutch account only and couldn’t open a Spanish bank account without setting up a local entity.

What happens next?

• Clients stall payments and request admin changes.
• Accounting departments delay onboarding.
• Contracts get revised, extra time, extra costs.
• Your brand looks unprepared to scale globally.
• Risk of cancellations increases.
• Internal finance team becomes overloaded.

📉 The chance to grow into new markets fades due to outdated infrastructure.

The solution: Global IBANs by SimpelFin
💡 “We issued Spanish IBANs for both clients within a day.”

➡️ ES IBANs issued and linked to their main account.
➡️ Invoices re-sent, payments approved instantly.
➡️ No new banks or legal setup required.
➡️ Fully compliant with EU regulations.

What did this mean for their business?
✅ Both Spanish clients onboarded within the week.
✅ Payments received faster than expected.
✅ Opened conversations with clients in Portugal and Italy.
✅ Internal finance workflows remained centralized.
✅ Projected 12% growth in Southern Europe for the quarter.
✅ Time to cash reduced by 9 days on average.

Who is this perfect for?
Service businesses expanding into new EU markets needing local payment reception options.