Managed Pre-Paid Mastercard Program | Managed & White Label Prepaid Card Programs Isle of Man

What is this Solution?

An established turn-key solution allowing your clients to access their money easily & securely with a prepaid Mastercard. It is the perfect platform if you are looking for a simple and secure way to pay commissions, access wealth or distribute monies to your clients, employees, agents, affiliates or members.

How it Works

A very simple application template is completed.
The card is created and details for the Prepaid MasterCard are then supplied (card number, Sort code & account number / IBAN).
The card is then created by the UK FCA Regulated company.
We then deliver the card to a specified address.
The card is then loaded with a simple bank transfer.
Gain immediate access to your funds from anywhere in the world.

Product Highlights

No requirement for clients to establish personal offshore bank account.
Standard KYC required and extremely simple application procedure.
High loading limits ($50,000, £50,000, €50,000).
Multiple cards are allowed.
Instant access to funds worldwide.
‘Virtual bank account’ providing online functionality for transfer of funds to bank accounts and view transaction history.

FAQs

What kind of card is it?

It is a PrePaid Mastercard. The card is loaded then once the balance is spent it can be loaded again.

Is the card issuer regulated?

Yes. A UK FCA Regulated company issues the card.

What are the load and spend limits?

The load and spend limits are as follows:

Load & Spend Limits	GBP	EUR	USD
Max Hold Limit	£50,000	€50,000	$50,000
Max ATM Withdrawal	£550	€750	$1,000
Max Daily Load	£25,000	€25,000	$25,000

What if I lose my card?

Simply call the card provider and they will cancel the card. The card provider is based in London and their customer service team speaks 11 languages.

Is there an application process?

No. Simply provide basic details for the cardholder. We will request the details.

Is any other documentation required?

Yes. You will need to provide a copy of your ID, proof of address and a reason for requesting the card.

How long will the card take to be created?

The Card will be created within two weeks of being ordered. It is usually within one week but please allow two weeks to avoid disappointment.

Where will the card be sent?

The card will be sent via recorded, signed for mail to any specified address that you provide.

Do I get a PIN number?

Yes. When you receive your card you will activate it over the phone. A PIN number is then given at this time by the automated telephone service.

Can I have more than one card?

Yes. You can have any number of cards across all available currencies.

Is my name printed on the card?

Yes. You can also have ‘Expenses Card’, for example, if it is a company card.

How do I load the card?

There are various ways the card can be loaded. Funds can be sent direct to the card, to the card issuers bank account or to a designated ewallet at the card issuer. Simply let us know which payment method you prefer and we will provide the relevant details.

Are there any fees to use the cards?

Yes. The charges are as follows:

RETAIL PURCHASE FEES	GBP	EUR	USD
Retail Purchase transaction- UK	Free	Free	Free
Retail Purchase transaction- Outside UK	£1.00	€1.50	$2.00
ATM FEES	GBP	EUR	USD
ATM Withdrawal – UK (of amount withdrawn)	1.5% (min £1.00 max £3.75)	1.5% (min €1.50 max €5.60)	1.5% (min $2.00 max $7.50)
ATM Withdrawal – Outside UK (of amount withdrawn)	2% (min £2.00 max £5.00)	2% (min €3.00 max €7.50)	2% (min $4.00 max $10.00)
PAYMENTS AND TRANSFERS	GBP	EUR	USD
Transfer to a UK bank account	£0.00	€0.00	$0.00
Transfer to a bank account outside the UK	£0.00	€0.00	$0.00
FOREIGN EXCHANGE FEES	GBP	EUR	USD
Foreign Exchange mark-up (of transactions in a currency other than your card currency)	3%	3%	3%