As soon as you have successfully completed the KYB process, your Lano wallet will be created and you can top it up with your bank account.
Step 1: After passing the KYB verification process, you have to choose a base currency for your wallet to receive your virtual IBAN. The base currency represents the currency in which you will top up your wallet.
Step 2: Make a transfer from your bank account to your virtual IBAN to top up your wallet.
Please note: It might take up to 1-2 business days to receive the funds in your Lano wallet after making a transfer.
Step 3: Your Lano wallet will be topped up with the base currency that you have chosen before. To see your balance, select “Payments” from the menu tab and click on “Payment accounts” in the top left. Your balance will be indicated in the top right corner.
Step 4: Pay your partners conveniently from your Lano wallet with the available balance. If local payments are not possible for a given currency, we automatically convert the needed amounts from your base currency into any foreign currency.
Step 5: After the payment was successfully processed by our payment service provider, the amount will be deducted from your wallet balance and the payment status will be changed to “paid”.