E-Wallet Merchant Account / IPSP Account

E-Wallet/IPSP accounts fall into the special category of merchant accounts for businesses which are processing sales for 3rd party merchants/businesses and offer online credit card payments to their clients. If you are running an IPSP or an e-wallet and looking for a new account with low rates, multi-currency processing and all major cards acceptance, look no further!

Or if you would like to start a new business to become an IPSP and have a solid business plan in place, then we can arrange an all-in-one solution with a payment gateway, a direct merchant account based on a EU acquiring bank, with dynamic billing descriptor, and rates as low as 2.20%.

Requirements for an eWallet/IPSP account:

Description of the company’s target clients/sponsored merchants – merchant outlets
Copy of their standard contract and due diligence procedure between their company and their sponsored merchant – merchant outlet
Copy of their due diligence procedure
Company’s customer’s procedures and capability regarding ongoing website content management/monitoring
Who or what is the company using for risk management?
What are the company policies regarding website content, we require a copy
Number of people on the compliancy and risk department
The company’s or related investor’s history and/or procedures regarding working with official authorities to actively fight against children or violent pornography or any other excessively vulgar and unacceptable material?
Copy of a bank account statement of the account where the funds will be settled and where is their bank located (country)
Frequency of settlements to the sponsored merchants
Presentation which exactly explains the business model that the eWallet will be deploying, including background and overview of all the involved persons/companies and investors
Copy of the level 1 PCI certificate of the company’s gateway, if applicable otherwise we need to receive their latest Self Scan Assessment Report?
Example of the company’s check-out/payment page that they will be using
Most recent financial statements
Chart of all the companies involved, including the overlying company. (The Ultimate Beneficial Owner(s) needs to be identified)
Country where the company is regulated together with a copy of the company’s license (eWallet requirement. Not applicable for IPSP application)
Filled out spreadsheet “sponsored merchant overview”. For the application process, we just require the URL’s of the sponsored merchants.

Please note that all ISPS/MSP/e-Wallets should be aware about:

Both Visa and MasterCard are assessing large fines for illegal content or copyright infringement
Download sites - these sites must have legal licensing from the producers (i.e., music/movie downloads)

Get started today and fill out the application: [ APPLY FOR AN IPSP MERCHANT ACCOUNT ]