Managed Pre-Paid Mastercard Program

What is this Solution?

An established turn-key solution allowing your clients to access their money easily & securely with a prepaid Mastercard. It is the perfect platform if you are looking for a simple and secure way to pay commissions, access wealth or distribute monies to your clients, employees, agents, affiliates or members.

How it Works

  • A very simple application template is completed.
  • The cards is created and details for the Prepaid MasterCard are then supplied (card number, Sort code & account number / IBAN).
  • The cards is then created by the UK FCA Regulated company.
  • We then deliver the card to a specified address.
  • The card is then loaded with a simple bank transfer.
  • Gain immediate access to your funds from anywhere in the world.

Product Highlights

  • No requirement for clients to establish personal offshore bank account.
  • No KYC required (unless requested) and extremely simple application procedure.
  • High loading limits ($50,000, £50,000, €50,000).
  • Multiple cards are allowed.
  • Instant access to funds worldwide.
  • ‘Virtual bank account’ providing online functionality for transfer of funds to bank accounts and view transaction history.

FAQs

What kind of card is it?
It is a PrePaid Mastercard. The card is loaded then once the balance is spent it can be loaded again.
Is the card issuer regulated?
Yes. A UK FCA Regulated company issues the card.
What are the load and spend limits?

The load and spend limits are as follows:

Load & Spend Limits

GBP

EUR

USD

Max Hold Limit

£50,000

€50,000

$50,000

Max ATM Withdrawal

£550

€750

$1,000

Max Daily Load

£25,000

€25,000

$25,000

What if I lose my card?
Simply call the card provider and they will cancel the card. The card provider is based in London and their customer service team speaks 11 languages.
Is there an application process?
No. Simply provide basic details for the cardholder. We will request the details.
Is any other documentation required?
Yes. You will need to provide a copy of your ID, proof of address and a reason for requesting the card.
How long will the card take to be created?
The Card will be created within 2 weeks of being ordered.
Where will the card be sent?
The card will be sent via recorded, signed for mail to any specified address that you provide.
Do I get a PIN number?
Yes. When you receive your card you will activate it over the phone. A PIN number is then given at this time by the automated telephone service.
Can I have more than one card?
Yes. You can have any number of cards across all available currencies.
Does my name have to appear on the card?
No. You can have your name, initials or ‘Expenses Card’, for example.
How do I load the card?
Simply let us know the card number and the amount to be loaded. You then transfer the funds to a bank account. The card will then be loaded with the funds within 2 working days.
Are there any fees to use the cards?

Yes. The charges are as follows:

RETAIL PURCHASE FEES

GBP

EUR

USD

Retail Purchase transaction- UK

Free

Free

Free

Retail Purchase transaction- Outside UK

£1.00

€1.50

$2.00

ATM FEES

GBP

EUR

USD

ATM Withdrawal – UK (of amount withdrawn)

1.5% (min £1.00 max £3.75)

1.5% (min €1.50 max €5.60)

1.5% (min $2.00 max $7.50)

ATM Withdrawal – Outside UK (of amount withdrawn)

2% (min £2.00 max £5.00)

2% (min €3.00 max €7.50)

2% (min $4.00 max $10.00)

PAYMENTS AND TRANSFERS

GBP

EUR

USD

Transfer to a UK bank account

£0.00

€0.00

$0.00

Transfer to a bank account outside the UK

£0.00

€0.00

$0.00

FOREIGN EXCHANGE FEES

GBP

EUR

USD

Foreign Exchange mark-up (of transactions in a currency other than your card currency)

3%

3%

3%