Frequently asked questions

MonitorPay supports IBAN and VAT verification across 150+ countries, including all of Europe, the UK, Canada, Australia, Brazil, India, and more. Country-specific availability may vary by product (e.g., ownership verification coverage depends on data access in that region).

Our payee matching uses intelligent logic, including fuzzy matching, transliteration support, and confidence scoring. It reliably detects exact, partial, and incorrect matches — even in edge cases like swapped name order or minor typos.

Yes. Our Account Ownership Verification feature confirms the legal owner of a bank account (person or business), sourced directly from trusted banks or official registries. This is ideal for KYB and large transfers.

Yes, we offer Account Status Checks for selected countries. This feature confirms whether an account is currently open, dormant, or closed — helping you avoid failed payouts.

Absolutely. We are fully GDPR compliant. We do not store personal or sensitive data beyond what’s necessary to complete a verification, and all requests are logged securely for audit purposes.

Yes. Our REST API is designed for real-time use, with sub-second response times and minimal latency. It’s used in live onboarding flows, payout engines, and payment approval systems.

Each verification returns structured JSON data, including validation status, match scores, metadata (like bank name or VAT holder name), and actionable risk indicators. Full schema is available in the [API docs].

Yes. Every client has access to a secure MonitorPay Dashboard, where you can track API usage, manage keys, export logs, and review verification outcomes.

Yes. We offer a bulk validation endpoint that supports verifying thousands of IBANs, payee names, or VAT numbers at once via API or secure file upload.

Most customers integrate the API in under one day. Our docs, SDKs, and dedicated support make it fast and frictionless — even for complex flows.

For enterprise clients, we offer continuous monitoring with webhook alerts. You’ll be notified in real time if a previously verified IBAN or VAT number changes status, becomes inactive, or no longer matches the original entity.