Canonical: https://unicorncurrencies.com/business-accounts/for-importers/ # Local Business Accounts for importers | Unicorn Currencies ## Summary Importers use Unicorn Currencies Local Business Accounts to receive customer or trade receipts in local currencies, hold available balances, convert FX, and pay approved suppliers with clearer references and reconciliation. Accounts are provided as named local collection accounts — not bank accounts — subject to onboarding, approval, currency availability, payment purpose, jurisdiction, and ongoing compliance review. ## Who it is for - UK, European, US, and UAE importers paying international suppliers - Wholesale and distribution businesses with recurring cross-border payables - Finance teams that need currency-specific receiving details for customer or partner receipts - B2B operators that want pooled collection as standard and local details where approved ## How it works Importer workflows typically combine inbound collection — pooled or through a Local Business Account — with FX conversion and supplier payout through Unicorn Currencies when corridors and beneficiaries are approved. - **Apply and complete onboarding:** Business profile, payment purpose, and corridor review before access. - **Select currencies:** Choose the currency or currencies your business needs to receive in. - **Account details issued:** Local account details are issued where approved for your business. - **Receive funds locally:** Inbound funds arrive in the currency of the Local Business Account. - **Hold, convert, or pay:** Hold available balances, convert FX, or pay suppliers through Unicorn Currencies. ## Pooled collection vs Local Business Account Pooled collection is included as standard. A Local Business Account adds named local collection details where payer recognition or currency-specific receiving matters. ## Pricing note Local Business Account pricing shown on the Business Accounts page is for low-risk approved business profiles. Final Local Business Account pricing may vary based on business activity, jurisdiction, payment purpose, expected volumes, currencies, counterparties, and ongoing compliance review. Pricing is confirmed before account activation. ## FAQ **Q:** What is a Local Business Account? **A:** A Unicorn Currencies Local Business Account gives an approved business local account details for receiving funds in a specific currency. It is provided as a named local collection account, matched to the business, and used for receiving, holding available balances, conversion, and supplier payouts through Unicorn Currencies. **Q:** Is it a bank account? **A:** No. A Unicorn Currencies Local Business Account is provided as a named local collection account for approved businesses. It is designed for receiving, holding available balances, reconciliation, conversion and supplier payments through Unicorn Currencies. **Q:** Who can use it? **A:** Approved businesses with international payment flows that pass Unicorn Currencies onboarding, payment purpose review, and ongoing compliance checks. Typical users include importers, exporters, wholesalers, and other B2B companies that receive, hold, convert, or pay across currencies — subject to onboarding, approval, currency availability, payment purpose, jurisdiction, and ongoing compliance review. **Q:** Which currencies are available? **A:** GBP, EUR, USD, and AED Local Business Accounts are available to approved businesses. Availability of any specific currency is subject to onboarding, approval, payment purpose, jurisdiction, and ongoing compliance review. **Q:** Can I receive funds locally? **A:** Yes, where approved. Local Business Accounts provide named local collection account details in GBP, EUR, USD, and AED so payers can send funds through familiar local payment routes, subject to onboarding, approval, currency availability, payment purpose, jurisdiction, and ongoing compliance review. **Q:** Can I hold balances? **A:** Yes. Approved businesses can hold available balances in the currencies of their Local Business Accounts, and convert or pay suppliers through Unicorn Currencies when needed. **Q:** Can I convert and pay suppliers? **A:** Yes. Through Unicorn Currencies you can convert available balances and pay approved suppliers. Conversion and payouts are subject to corridor availability, beneficiary review, and compliance checks. **Q:** Is approval guaranteed? **A:** No. Local Business Accounts are not automatically issued. Approval depends on business profile, jurisdiction, payment purpose, expected activity, supported currencies, screening results, and ongoing compliance review. **Q:** What does pricing depend on? **A:** Local Business Account pricing shown on the Business Accounts page is for low-risk approved business profiles. Final Local Business Account pricing may vary based on business activity, jurisdiction, payment purpose, expected volumes, currencies, counterparties, and ongoing compliance review. Pricing is confirmed before account activation. FX conversion and supplier payouts are agreed separately with your volume and corridors. ## Related pages - [All Business Accounts](https://unicorncurrencies.com/business-accounts/) - [UK GBP Local Business Account](https://unicorncurrencies.com/business-accounts/gbp-business-account/) - [European EUR Local Business Account](https://unicorncurrencies.com/business-accounts/eur-business-account/) - [US USD Local Business Account](https://unicorncurrencies.com/business-accounts/usd-business-account/) - [UAE AED Local Business Account](https://unicorncurrencies.com/business-accounts/aed-business-account/) - [Local Business Accounts for exporters](https://unicorncurrencies.com/business-accounts/for-exporters/) - [Pay-In](https://unicorncurrencies.com/pay-in/) - [Foreign Exchange](https://unicorncurrencies.com/foreign-exchange/) - [Pay-Out](https://unicorncurrencies.com/pay-out/)