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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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Alessandro Rocco Pietrocola is an entrepreneur and investor based in London and operating mainly in Europe, Asia and Oceania with main focus on UK, Baltic Countries, Russia, China, Hong Kong, Malaysia, Singapore, Middle East and New Zealand as area of interest! At the moment is the Ceo of Astorts Group. He is an UK FCA (Financial Conduct Authority) Approved Person and is has great experience as director of regulated companies. He uses to dedicate part of his life to inspire others and help them achieve the most out of their life. Since he was 20, he had successfully founded and managed several companies operating in the field of management consulting, wealth management and fintech. He loves travelling, he is a cigars lover, an amateur golfer and a dapper man.

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 find the best solution for your business need or to advice and support you to start the new business venture.

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