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At iuvo, we pay utmost attention to the convenience of our users and always make sure that each step of the receivable process is quick and easy. This is also true for the add fundsing and withdrawing of funds. We`ve made the processes intuitive and easy to follow, but with this article, we`d like to make sure that everything is clear and guide you through the specifics of the process.
Making a Add funds
Making a add funds is an easy process, but there are some things you need to consider depending on the currency you`d like to add funds in and other variables concerning your bank account.
Currently, you can add funds funds in EUR, BGN, RON and PLN, so you need to decide which one works best for you as you won`t be able to change it later on.
To make a add funds first, you need to click on the “Add Funds” button, located conveniently in the upper right corner of your “Dashboard” page. After that the corresponding steps are explicitly listed, explaining in detail exactly what you need to do.
Add fundsing Specifics
One of the add funds methods for funds in EUR and BGN is via a bank transfer to one of our accounts at Allianz.
You can use the following types of bank transfer:
– Inter-bank transfer
– Intra-bank transfer (if you have an account at the corresponding bank)
– Add fundsing location at a bank branch
It is important to note that bank taxes may be on the higher side when add fundsing EUR and furthermore, some banks might have additional fees for incoming add fundss.
If you`d like your account to be in a currency different than EUR or BGN you have to use an external service. All details regarding this step are listed in the “Add Funds” page. Also, have in mind that to start purchasing of receivables you`ll have to verify your account by uploading a copy of an identification document.
If you are planning to add funds RON you should consider the following:
Thanks to our partnership with the Romanian originator iCredit, we are now also able to provide excellent receivable opportunities in RON. For that purpose, any user who wants to add funds RON must add funds by using an external service instead of bank transfer.
For that purpose, we recommend using Pay Sera, an efficient, low-cost service which enables you to make payments in different currencies. Creating an account is very easy and takes no time at all. We recommend the service even if you want to add funds EUR or BGN, but it`s also useful for making all sorts of payments.
When add fundsing RON via Pay Sera, you should state “IUVO” as the basis for making the payment and also provide the following information:
IUVO Receivable Number: – EVP6210002572095
ID: XXXX (Provide your account number here)
Other similar services which you can use, and we recommend are Transferwise, Revolut, and Currencyfair. The benefit of add fundsing using such a method is that you avoid the high taxes related to bank transfers. Furthermore, once you have an account at one of the above mentioned services you can add funds funds anytime, at your convenience.
It is a general requirement for any user to provide a bank account of his own and for that reason, certain verification is required. Any user who wishes to add funds funds using a non-bank transfer should provide the appropriate documentation, proving that he is the actual owner of a personal bank account.
Such documentation can be either of the following, as long as your name and IBAN are visible:
– Bank statement
– Payment order
– E-Banking Screenshot
To upload a verification document, you should go to the profile menu, click on the “Documents” button, located in the upper left corner and attach the necessary documents.
After completing the add fundsing procedure, you should receive an e-mail signaling that funds have been added to your account. All you need to do after that is verify your account, and you`re all set to start purchasing of receivables.
Withdrawing Funds
Withdrawing funds is an essential process associated with purchasing of receivables, and it can even be said that it is the final goal of the process. Compared to making a add funds, withdrawing is a lot simpler and can be done at any point in time for any funds that are not currently purchased in loans.
To make a withdrawal, you simply need to go to the “Dashboard” page and click on the “Withdraw” button located in the upper right corner, right next to the “Add Funds” button. There you need to fill in the required information and submit the request.
Note that to be able to withdraw funds you will have to verify your address by providing an appropriate document such as a utility bill.
All other details regarding the withdrawing of funds, such as withdrawal amounts, fees and processing time are fully described in the dedicated FAQ section.
In case you have any additional questions please take a look at the FAQ or send us a message: [email protected]
