White Label PrePaid Card Program
What is this Solution?
This program allows clients to launch their own branded prepaid card program without requiring any prior experience or knowledge of running a prepaid card program. White label Solutions enable you to take advantage of a turn-key platform and prepaid cards dedicated to your brand and company image.How it Works
- Lead time will be from 3 months upwards.
- Initial concept is put to MasterCard & Visa to see which provider is best suited.
- Terms are signed and program costs are paid for.
- Card is designed and agreed by MasterCard / Visa.
- All other features of the program are worked on (see highlights below).
- Program is delivered with branded cards issued with the branded card holder portal.
Product Highlights
- Easy set-up.
- Attract new customers and increase loyalty.
- Brand Awareness.
- Efficient way to manage money.
- Multiple uses for Prepaid Card – can be used for Payroll, Incentives, Pension Payments, Marketing costs, Remittances, Day to Day expenses and Travel & Entertainment.
- Safe, secure and fully licensed.
FAQs
What kind of card is it?
It will be a PrePaid Mastercard or Visa.
Is the card issuer regulated?
Yes. The cards will always be issued by a UK FCA regulated company.
What are the load and spend limits?
This will depend on the specific program. Limits can be set by you and will be agreed by the card provider.
Who will manage the program?
The card provider offers the facility to manage the program. This will cover everything to issuing cards to providing telephone support to cardholders.
Is there an application process?
Yes. There will be an initial enquiry to see if the program is feasible.
Will the cardholder portal integrate with my existing website?
Yes. There will be an API with a full-service suite of powerful integration options, allowing you to incorporate cardholder services into your existing applications and websites.
Will the White Label Prepaid Card Program Owner be able to decide on Cardholder fees?
Yes, as the program owner you will be able to customise the fee profile. The fees that cardholders are charged for using your cards, along with the revenue share you make on these fees as program owners, can be customised.
How long does it take to bring a new White Label Prepaid Card Program to Market?
It typically takes 3-4 months* to bring a new white label prepaid card to market once the issuer has granted approval.
* Every application varies and is subject to approvals