The Bootstrapper's Guide to Prepaid Card Program

Working as CEO of Astorts Group, my team and I have received many inquiries about a cost effective way to develop and grow Prepaid Card Programs quickly and successfully, so I decide to write this bootstrapper's guide that can be useful for many of you. 

The first aspect to evaluate is if your company holds or not a Payment Service Provider Licence. The majority of my clients do not hold a PSP licence, but they are looking for a Generic Prepaid Card Program for their customers or member, or for a Virtual Card Program to offer their customers a Virtual Card that could be used as a payout method for their rewards. A small number of clients, usually companies holding PSP Licence, are looking for a white label co-branding Prepaid Card Program, that can grow their market share, build customer loyalty and make a lasting impression around the world. 

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Virtual Prepaid Card Program Benefits:

  • Fast set-up typically you can be up and running in 30 days.
  • Get help identifying customers and marketing your business.
  • Build a valuable banking relationship with your card issuer.
  • Usually all the Issuer Banks offer a 24/7 Banking Support.
  • Card management and Loading Software On line
  • Available in major currencies.
  • Instant issuance available and not any fee for emitting the card.
  • Low program set up costs providing minimal investment for new market entrants.

Generic Prepaid Card Program Benefits:

  • Fast set-up typically you can be up and running in 30 days.
  • Your company name will appear on the forth line (Bottom left corner) of the card
  • Build a valuable banking relationship with your card issuer.
  • Usually all the Issuer Banks offer a 24/7 Banking Support.
  • Use the buying behavior of your customers.
  • Card management and Loading Software On line
  • Enhance your corporate image every time your card is used.
  • Available in major currencies.
  • Instant issuance available and not any fee for emitting the card.
  • Low program set up costs providing minimal investment for new market entrants. (usually around $6.000 + Cards Issuing Fee from $10/card)
  • International card program.

White Label Co-branding Prepaid Card Program Benefits:

  • Typically you can be up and running in 90 days
  • Strengthen customer loyalty by offering an interesting incentive to buy your company’s product or service.
  • Learn more about your customers, by seeing all their purchases.
  • Fully customised Software On line with your company branding.
  • Get help identifying customers and marketing your business. 
  • Build a valuable banking relationship with your card issuer.
  • Save money compared to issuing your own credit card. You don’t pay costs for processing payments and extending credit.
  • Capitalise on the cost savings generated by having a white label program instead of paying to issue your own credit card. 
  • Access to a portal for card management and loading.
  • Usually all the Issuer Banks offer a 24/7 Banking Support
  • Competitive program set up fees. (usually around $30.000 + Cards Issuing Fee from $10/card)

Information

Usually programs are available in the following currencies; AUD, CAD, CHF, DKK, EUR, GBP, HUF, HKD, ILS, JPY, NOK, NZD, PLN, RUB, SEK, SGD, TRY, USD, and ZAR. And they are available across all the globe. 

The Prepaid Cards Program can be very interesting for the Company that operate in the following area:

  1. Payment Service Provider.
  2. Cryptocurrency Exchange Provider.
  3. Scrap Metal Recycling.
  4. Forex Brokers.
  5. Lenders.
  6. Private clubs.
  7. Large Corporations paying benefits to employees.
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Do you need my team help?

Please write me an email with your specific case or book a Skype Call, my team and I will be more than happy to help you to choose the best Prepaid Card Program for your Company.