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Prepayment Card Program

Prepaid card

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.

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.

cards

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.

If you already know the structure you will need, book a call back with one of our Team Members and we will get a bespoke quote.

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    How Can I Help you?

    Unlike lawyers and accountants who focus on theory, I’ve done most of the stuff I’m talking about for myself and I know what works – and what doesn’t – in the real world.

    Working as CEO of Astorts Group since 2010, my team and I have received many inquiries and helped hundreds of clients to find a cost effective way to obtain a forex licence, a great jurisdiction to set up an import/export company, an easy and cost effective way to set up an Hedge Fund, a great jurisdiction to have an holding company or to open an offshore bank account, a crypto friendly jurisdiction to launch your crypto project or register a crypto exchange, a cost effective way to obtain a Payment Service Provider Licence, a cost effective way to advertise and export a product into an emerging markets like Russia, China, South-East Asia or South America, a way to finance a startup or to apply for an European Regional Funds.

    My main focus is all about getting you across the “finish line” as easily as possible, so you will leverage my network and my experience to successfully get where you wanted.
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    Why to entrust Alex?


    Alex is an entrepreneur, fintecher, investor, blogger and author based in London and operating mainly in Europe, Asia and Oceania.

    London Sydney New York
    Alex is an UK FCA (Financial Conduct Authority) and NZ FSPR (Financial Service Provider Register) Approved Person and has great experience as director of regulated companies.
    Alex uses to dedicate part of his life to inspire others and help them achieve the most out of their lives.

    Since he was 20, he had successfully founded and managed several companies operating in the field of management consulting, wealth management and fintech.

    Alex is Member of Institute of Directors in London, Member of Changer Club in Riga, Member of Fintech Association of Hong Kong, Member of Singapore Fintech Association, Member of Non Executive Director Association in London and Member of Alumni Network of Draper University in San Francisco.