Low-Cost Credit Card Processing For Remittance Merchants
Technical Information – Related Merchant Classification Codes
MCC 4829 Money Transfer
MCC 6051 Non-Financial Institutions – Foreign Currency, Money Orders (not wire transfer) and Travelers Cheque
MCC 6010 Financial Institutions – Manual Cash Disbursements
MCC 6012 Financial Institutions – Merchandise, Services, and Debt Repayment
The remittance industry in the European Union is enormous. Countries in the European Union, like the United Kingdom, Germany, France, Italy, has a considerable number of international employees. These Nations also have a vast amount of immigrants. These employees and immigrants send money to there loved ones and families in countries like India, Pakistan, Bangladesh, Nepal, Thailand and other parts of the world. Many of these people utilise the services of remittance companies. These remittance companies offer at a cheaper mode of payment transfer in comparison to conventional methods. Most of the time, the funds are received by the family members within minutes. Quadrapay is proud to announce that our European credit card processing partners are comfortable in on-boarding remittance merchants for credit and debit card processing. Our processing partners can offer online remittance merchant accounts to European Union based companies. They can also provide retail credit card processing terminals(EDC/POS Terminals) to remittance companies located in the United Kingdom.
Quadrapay offers cost-effective pricing for Remittance Merchant Accounts
Although many processing companies consider remittance as a high risk industry, we still have solutions. We work directly with top-notch credit card processors in the European Union. We can help businesses secure remittance merchant account at extremely low cost. Companies do not have to put any setup fees or application charges. They can also enjoy interchange-plus pricing as well. Businesses with existing history and high monthly sales volume can acquire even better pricing. Our processing partners evaluate each application in detail and then offer the pricing structure to the qualified merchants. The application process is straightforward. Just send us your request by filling the merchant account application form on our website. Our team will immediately connect you with up to five payment service providers in the European Union that may be comfortable in on-boarding your type of business. Payment service providers will start sending you offers so that you can choose the best one for your business. This methodology truly puts the Merchant on the driver’s seat. He can check which processor is offering the best services at the lowest cost. All of our payment service partners are fully compliant to the PCI standards, and they do provide fast settlements to remittance merchants.
European Payment Processing For Remittance Service Companies
Apply today to get a credit card processing terminal or online payment processing solutions for remittance business. After making an application in most of the cases within 24 working hours, you will start getting offers from our payment processing partners. Please keep in mind that Quadrapay will never ask you for any upfront fees. We will never invoice you. It means you will directly work with the payment service provider (PSP) located in EU/EEA. This is a fully transparent process as not many resellers do offer this kind of facility. As a professional, we understand that a long term relationship always helps both the parties. This is the key reason why we do not charge any upfront fees or application charges. So what are you waiting for? Send us a query on [email protected], and we will immediately connect you with the payment processing company that works with remittance merchants like you.