Consumer Virtual Cards
Virtual cards are a flexible and pure digital way to power consumer applications with experiences that involve making payments:
Virtual cards are created via API and the card details delivered securely to any consumer device. The card can then be used in the usual way to make payments at an online checkout.
Create seamless purchasing experiences such as enabling parents to pay for their kids’ game credits, or for the purchasing of goods featured in a TV programme via the TV set-top box.
Virtual cards can also be used to initiate and collect remittances via new services offered by the card schemes – Visa Direct and Mastercard Send, enabling a whole range of new applications.
Use consumer payments for
Parent-supervised online spendingCreate a way for parents to give their children supervised, restricted and safe access to online spending. You can embed this into rich experiences such as rewards for chores or performance at school.
Managing subscription paymentsTrack subscription expiry and only load the registered card if the customer confirms their wish to renew.
Payments-enabled wearablesEnable wearable payments devices such as bracelets, badges, etc. to be used at contactless points of sale.
Marketplace purchasesPower up mobile, web or even smart TV apps to make purchases on behalf of the customer at participating (card-accepting) merchants
Group buying / Group paymentGroup buying / Group payment applications where funds are collected from members of a group and then spent on a purpose such as a skiing trip or a stag party.
Adaptive and scalable
Our pricing strikes a balance between being simple and competitive. There are no setup fees and no minimum monthly payments. Just buy a bundle of services that’s right for you and once you’ve used it up, get another one.
|Charges and Revenues|
|Validity Period||3 months||6 months||12 months||12 months||12 months|
|Debit Card Charges|
|Settlement - Domestic||£0.45+1.10%||£0.40+1.05%||£0.35+1.00%||£0.32+0.95%||£0.30+0.90%|
|Settlement - Intra EEA||£0.45+1.10%||£0.40+1.05%||£0.35+1.00%||£0.32+0.95%||£0.30+0.90%|
|Settlement - Outside EEA||£0.80+1.65%||£0.75+1.60%||£0.70+1.55%||£0.65+1.50%||£0.60+1.45%|
|Funding Account Charges|
|Open business account (IBAN) in € only||£18.00||£18.00||£18.00||£18.00||£18.00|
|Receive funds - consumer||£1.20||£1.20||£1.20||£1.20||£1.20|
|Receive funds - business||£6.00||£6.00||£6.00||£6.00||£6.00|
|Withdraw - B2C||£10.50||£10.50||£10.50||£10.50||£10.50|
|Withdraw - B2B||£15.50||£15.50||£15.50||£15.50||£15.50|
|AML Compliance Charges|
|PEP & Sanctions check - 1st check||£0.40||£0.36||£0.33||£0.31||£0.30|
|PEP & Sanctions check - per month (reqd)||£0.16||£0.15||£0.14||£0.13||£0.12|
|ID verification inc liveness & age||£1.75||£1.65||£1.60||£1.55||£1.50|
|Proof of address verification||£0.95||£0.90||£0.85||£0.80||£0.75|
|Sole trader registration docs check||£6.00||£6.00||£6.00||£6.00||£6.00|
|Ltd liability company registration docs check||£20.00||£20.00||£20.00||£20.00||£20.00|
|Interchange - indicative (pass through basis)|
|Consumer cards, purch. in EEA up to||0.20%||0.20%||0.20%||0.20%||0.20%|
|Consumer cards, purch. outside EEA up to||1.15%||1.15%||1.15%||1.15%||1.15%|
|Commercial cards, purch. in EEA up to||1.65%||1.65%||1.65%||1.65%||1.65%|
|Commercial cards, purch. outside EEA up to||2.00%||2.00%||2.00%||2.00%||2.00%|
|Foreign exchange markup, up to||3.00%||3.00%||3.00%||3.00%||3.00%|
v 2019.12.03 - Extract. For full pricing information see Terms and Conditions