Typical Bank
Estimated monthly costs
€1,000–€2,500
Between 2% and 5% in fees and FX markup
Pay your team across 50+ markets with local accounts in each country — no correspondent banks, no manual FX, no missed paydays.
2 - 5 days
2-5
seconds
No more waiting on correspondent banks to relay salaries one hop at a time — payroll moves through local rails, without the multi-day path of a bank wire.
2 - 5 %
0.3-0.5
%
Banks often quote rates well off mid-market, and the markup is rarely shown upfront. VirtuaBroker shows the rate before every payroll run, so you know exactly what you're paying.
The fix
One platform replaces the patchwork of banks, brokers, and manual FX — so every employee gets paid locally, on time, every cycle.
Employees receive pay in local currency through local rails — architecture built to settle in minutes, not the multi-day path of a bank wire.
Open local accounts across your payroll footprint without opening a single local bank account — onboard once, pay everywhere.
Shift funds between currencies and markets when you need them — so you pre-fund far less cash sitting idle across multiple countries.
Conversions built on mid-market rates with no spread buried inside the transfer — what you see is what moves.
Track every employee payout end to end — no more emailing banks on payday to ask where the money is.
Hidden fees eat your margin
Your bank takes a cut on every supplier payment and every buyer receipt. Most of it is never shown upfront.
Typical Bank
Estimated monthly costs
€1,000–€2,500
Between 2% and 5% in fees and FX markup
VirtuaBroker
MODERN INFRASTRUCTUREEstimated monthly costs
≈€225
· Around 0.45% depending on corridor, volume, and account terms
Your estimated savings
up to €2,275
every month
Over a year
€9,300–€27,300
back in your business
Side-by-side breakdown
| Metric | Typical Bank | VirtuaBroker |
|---|---|---|
| Monthly volume | €50,000 | €50,000 |
| Estimated costs | €1,000–€2,500 | ≈ €225 |
| Monthly savings | — | €775–€2,275 |
| Annual savings | — | €9,300–€27,300 |
Bank estimates based on a typical total cost of 2–5% in fees and FX markup on international payments; actual charges vary by institution. VirtuaBroker pricing shown is indicative — around 0.5%, depending on the currency and the amount — and is confirmed when you open an account. Figures shown are estimates.
Frequently asked questions
Payroll runs are built to settle in seconds to the same business day, depending on the destination market and local banking rails. By using local accounts instead of correspondent banking, VirtuaBroker removes the multi-hop delays common with traditional international transfers.
The platform currently covers 50+ markets, including named local accounts across the EU, UK, US, Canada, Hong Kong, all of Latin America, and a growing footprint across Africa and Southeast Asia. Coverage and account type vary by market — some support full local holding, others route through to stable settlement.
For markets where holding local currency carries volatility risk, funds are collected locally and routed to a stable settlement currency rather than held long-term in that currency. This keeps your working capital protected from local currency depreciation while still allowing local collection.
VirtuaBroker's licensing under frameworks including MiCA and PSD2 is in progress.
No — named local accounts are held in your existing company's name, so you don't need to incorporate locally to collect or pay in that market.
Pricing depends on corridor, volume, and account terms rather than a single flat rate. Use the calculator above for an illustrative comparison, or contact us for a quote specific to your payment volumes.
Yes — contact us for a walkthrough of how collection, routing, and payout work end to end.
Stop losing time and money to slow bank transfers and hidden FX spreads. See how VirtuaBroker helps payroll teams pay their people locally, on time, in every market.