IBAN

How Virtual IBANs Simplify Reconciliation at Scale

qeam.net Editorial7 min read

Last updated:

The reconciliation problem

When many customers pay into a single account, the bank statement rarely tells you cleanly who paid for what. Teams spend hours matching payments to invoices using partial references and customer names.

How virtual IBANs solve it

Issue each customer, invoice, or sub-account its own virtual IBAN. When a payment arrives, the IBAN itself identifies the payer — reconciliation becomes a deterministic lookup, not a guessing game.

Typical use cases

Marketplaces splitting funds across thousands of sellers; SaaS platforms collecting subscriptions in multiple currencies; property managers receiving rent from many tenants; treasury teams operating with many subsidiaries.

Getting started

With qeam.net you can issue virtual IBANs through the dashboard or programmatically via API, with each vIBAN automatically tagged to a customer or invoice in your system.

Open your IBAN account with qeam.net

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