If you already have a successful and operational payment business and are considering scaling it up, the idea of becoming a direct Acquirer or Issuer has likely crossed your mind.
BECOME A CARD ACQUIRER
Obtain Principal Membership and become an Acquirer with the most popular Card Schemes, such as Visa, MasterCard, and UnionPay International. We simplify the complex process for you.
BECOME A CARD ISSUER
Become an Issuer with the most popular Card Schemes, including Visa, MasterCard, and UnionPay International. We make the complicated straightforward.
TECHNOLOGY FOR ACQUIRERS AND ISSUERS
When becoming an Acquirer or Issuer, it’s crucial to ensure you are using an advanced and reliable processing center that guarantees maximum uptime. Uptime means your business continues to generate revenue, while downtime means losses. If your processing center can't guarantee high uptime, prepare for significant financial loss. Making the right choice is vital for new Principal Members.
Get ready for your application
How difficult is it to become a direct Acquirer or Issuer?
Becoming a principal member requires a detailed application pack, including a business plan, financials, AML procedures, and assurance that the applicant is fully aligned with card schemes' core rules and processes. Key factors for a successful application include responsible budgeting, practical risk management, and expert evaluation of specialized areas.
How long will it take?
The duration of each project varies based on several key factors, including: - Client-side IT Resources: The availability and capacity of the client’s internal IT team significantly impact the project timeline. - Processing Center Capabilities: The advancement, efficiency, and responsiveness of the selected processing center are critical to ensuring smooth integration. - Card Scheme Availability: Timely cooperation and approval from the relevant card schemes are essential to progress. Typically, the estimated time frame to become an Acquirer is between 3 to 6 months. Issuer status, the time frame ranges between 4 to 8 months, depending on the complexity of the project and coordination between all parties.
What is the cost involved?
Pricing is determined by the specific details and complexity of each project. A more accurate estimate can be provided following an initial consultation and clarification of the project’s requirements.
What are the general requirements?
Possession of financial license (EMI, sEMI, PI, SPI); Business plan; Financials; AML & Risk Management procedures.
What are the next steps?
Get in touch with us to receive professional consultancy from one of our experienced Card Schemes specialists.