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Czech Republic small psp License
psp is a legal entity which can provide merchant accounts to merchants who want to accept payments and process them. To be able to work as a psp, a legal entity must obtain a small psp (the License), supervised by Czech National Bank (CNB).Timeframe: 6-9 months since the company’s establishment, depending on the documents provided Minimum paid capital: EUR 50 000 (it is advised to have ...
Path: LicensingCzech Republic psp License
psp is a legal entity which can provide merchant accounts to merchants who want to accept payments and process them. To be able to work as a psp, a legal entity must obtain a psp (the License), supervised by Czech National Bank (CNB).Timeframe: 6-9 months since the company’s establishment, depending on the documents provided Minimum paid capital: EUR 125 000 (it is advised to have 2-10%...
Path: LicensingGeorgia Payment Service Provider Authorization (psp)
...ption of implementation of said payment service is required. This is to include a detailed specification on movement of information and money during the entire service process - from payment operation initiation till its completion. An authorized psp may provide the following services: services that ensure the debiting of funds from the payer’s account services related to the creditin...
Path: LicensingBahamas Payment Services Provider License
The Bahamas is an attractive location for Payment Service Providers’ (psp) institutions for a number of reasons. Due to the great number of advantages, the amount of licensed Payment Service Providers (psp) in Bahamas has significantly grown over the past few years.Timeframe: within 6 months Minimum paid up capital: $100 000 USD Overview Bahamas psps may engage in va...
Path: LicensingThe great step towards China
...legal assistance during all stages of your business. Our goal is to make any business as sustainable and manageable as possible, hence, our establishment services, followed by professional assistance with **bank account and Payment Service Provider (psp) account opening**, are set-up upon your request. What is more, Offshorelicense Ltd supremacy is positioned on **Business License attainment**,...
Path: BlogNegative effects for Payment Service and E-money Institutions in case of no-deal Brexit
...tes. It is a huge problem for all service providers operating at the EU market that consists of approximately 500 million consumers and 22 million business. Also, in no-deal Brexit, unless there are some agreements, UK Payment Service Providers (psps) will immediately lose direct access to EU central payments infrastructure, such as TARGET2 and the SEPA, including STEP2, meaning customers will...
Path: BlogCySEC Enhancement of Procedures Regarding Safeguarding of Client Funds
...nds are placed and the arrangements for the holding of those funds and take into consideration the need for diversification of these funds as part of the required due diligence. CIFs can maintain merchant accounts with payment service providers (psps) and electronic funds institutions (EMIs) for clearing and settling their customer’s payment transactions, between others. In Consultation P...
Path: Blog