BENE002 - Beneficiary companies - Which account type do I need?

Modified on Mon, 11 Nov at 12:03 PM


We have account types - Individual and Company.


1. Individual


This account is for individuals such as your employees to receive personal payments to their wallets and transfer them to their bank account, check, gift card, or a Prepaid virtual  VISA or MasterCard. 

More Info on an individual account


2. Company


This account is for companies wanting to receive payments for themselves or their employees or to process payments. Company accounts require compliance approval and the person that first registers for the account will be listed as the master admin for that company account. The master admin can add additional users, process and review transactions, download reports, run payment programs, and much more. 

Please ensure your master admin is an authorized signatory for your XTRM financial account. More Info.


Emails must be unique, yet it is possible to have both account types, e.g., Individual and company, registered with the same email address. This is usually required if you personally receive payments, which would be sent to your account and are also designated users for your company account. In addition, you can use the same password for both accounts, which would prompt you to select between the two at log-in.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article