Our firm along with our IT partners provides VISA MASTERCARD PRINCIPAL acquiring and card issuing services for duly licensed e-monies institutions and payment institutions.
Timing
Acquiring services in e commerce/internet is more suitable for payment institutions. E-monies institutions can obtain for VISA MASTERCARD PRINCIPAL membership for both acquiring and card issuing services.
Ordinary to proceed both memberships VISA PRINCIPAL and MASTERCARD PRINCIPAL membership may be obtained in parallel.
Timing estimate based on prior experience shows max 3 months for MASTERCARD PRINCIPAL acquiring approval time and max 4 months for VISA PRINCIPAL acquiring approval time . We will be glad to provide you quote on the fee for this speedy service.
Timing on prior connection shows max 3 months for MASTERCARD PRINCIPAL issuing approval time and max 4 months for VISA PRINCIPAL issuing. We will be glad to provide you quote on the fee for this speedy service.
Own VISA MASTERCARD PRINCIPAL membership additional costs of VISA MASTERCARD is in range of 400-800 k including deposits. It is important that on issuing side cards to be ordered and namely clients available for cards is in excess of 10 k. So in prefect world the client base shall be established before.
Connection to high risk acquiring
Above mentioned licensed companies can choose payment facilitation services
The services provide payment gateway to 6 different high risk acquiring provider as smart routing and cascading services.
Smart routing allows merchants to route their payments dynamically across different payment processors. Through this approach, merchants can achieve several objectives, such as optimizing payment authorization rates and reducing transaction costs. When a client pays at the checkout, the payment gateway sends a request to the merchant's payment processor. The merchant sets up the rules determining the payment processor receiving the request from the payment gateway.
However, after experiencing a failed online transaction, clients never return to the website for another try. That’s why cascading payments, or fallbacks, matter. This safeguard of cascading automatically activates if the initial payment attempt is unsuccessful. So if the initial payment authorization request fails, merchant will send a second request to a different payment processor to secure quality payment. POS also can be connected, the same is true for open banking solutions, namely payment initiation from the client account.
We provide connection to high risk acquiring as payment facilitator within 5 weeks. We will be glad to provide you quote on the fee for this speedy service.
Digital banking connection
Digital banking connection we may provide in conjunction with internet bank, mobile up, integrated SEPA and SWIFT solution, POS and full core banking system, It will take only 2 h demo to see the benefits.
Timing of implementation of complex digital banking structure with onboarding, web/mobile app self service, general ledger, commission management, payments, cards issuing, payment gateway, card/APM acquiring, client support automation is 9 months.
As vehicle for all the above may be UK or EU payment institution, or UK or EU EMI, for example Malta EMI https://www.vgfintechadvisors.com/post/electronic-monies-institution-in-malta-for-sale
For further information please contact Valters Gencs, info@gencs.eu, Whatsapp/telegram +371-29265441