An essential component of a payments services business is access to bank accounts, for banking funds, safeguarding client monies, foreign exchange (FX) transactions, distributing funds via pay-out partners etc.
Whilst we have seen the withdrawal of some large players from the market in recent years, with payment institutions facing some difficult times, there are still banks willing to work with the right company.
YourOwnBrokerage can assist you in setting up bank accounts in:
- United Kingdom
- Europe (including Switzerland)
We can also introduce your payment institutions to a number of prepaid / virtual card acquirers and payment gateways for processing card payments (both POS and online) from your clients.
Advantages of have your own bank account:
- Avail deposit insurance facility offered by European Banks.
- Better pricing
- Client money is safe
- Increases trust worthiness for your business