UK PSP: Your Trusted Partner in Financial Services and E-commerce Solutions

UK PSP: Your Trusted Partner in Financial Services and E-commerce Solutions

Do you need state-of-the-art financial services? Consider becoming a customer of a payment system. They offer multiple banking services comparable to traditional banks. With a payment system, you can easily open an account remotely and use it just as a conventional bank account. The perks of opting for payment systems are numerous these days:

  • Convenience of Remote Access: Open an account from any location without the need to visit a financial institution’s branch.
  • Variety of Financial Instruments: Take advantage of useful financial tools, including those for IT, e-commerce, and marketing services.
  • Integration through Open Banking API: Easily connect and collaborate with other financial systems to boost your financial operations.

UK PSP: perks to enjoy as a customer

The British Payment Service Provider (PSP) that we are going to bring to your attention this time operates as a virtual platform. Simply put, it is like an online bank that helps people and businesses with their money needs. The UK payment system makes it easy to send and receive money, deal with digital currencies, send out bills, and set up systems for accepting payments in stores.

They don’t just assist you with banking matters. The British PSP also helps businesses get online by designing websites, making sure these websites are safe, and advertising on the Internet.

The UK’s Financial Conduct Authority (FCA) monitors the PSP to make sure it follows the established rules and regulations. The PSP is based in the UK, with busy offices in London and Riga, Latvia. This means the provider is well-positioned to offer safe and trustworthy financial services to people all over Europe, backed by the UK’s strict financial rules.

UK PSP: services offered

The UK Payment Service Provider caters to corporate clients globally, offering a diverse portfolio of financial products. Companies from abroad are eligible to establish accounts in various currencies, including euros, US dollars, zloty, and krona, among others. You can easily get to your account remotely and manage funds from any device that connects to the Internet, like a computer, laptop, tablet, or phone.

The British payment system provides a comprehensive suite of services tailored for corporate clients:

  • Money Transfers and Multicurrency Payments: The PSP makes transactions in various currencies easier.
  • Internet Acquiring Services: It enables online payment processing.
  • Invoicing Services: The payment service provider in question streamlines the billing process.
  • Loans and Trade Financing: It offers financial support for business growth.
  • POS Terminals: The PSP secures POS installation and servicing (exclusive to the Baltic region).
  • Escrow Accounts: It secures funds during transactions.
  • Web Development and Marketing: The above provider delivers complete web solutions from design to promotion, including security audits.
  • Cryptocurrency Services: The PSP also supports crypto projects with account management, transaction processing, and trading capabilities.

Clients of the Payment Service Provider benefit from a broad selection of national currencies and convenient remote account setup. They enjoy access to client support in multiple languages, available 24/7.

For international business professionals, the British payment system is an excellent match, especially as far as multi-currency transactions go. It offers a range of financial tools that streamline global finance management.

Multicurrency accounts let you keep different currencies in one place. Currency conversion and payment templates make it easier to handle money and pay bills. You can also bring payment info from other systems so everything works smoothly.

With their corporate payment card, your foreign payments are fast and safe. All these tools help you deal with international money matters to secure peace of mind.

As of 2023, the British PSP offered corporate loans for working capital and asset purchases with clear terms:

  • Loan Amount: From EUR 1M to EUR 8M.
  • Duration: Up to 10 years.
  • Interest Rates: 5% to 8%, potentially lower for loans over EUR 1M.
  • Commodity Security: Financing up to 70% of value.
  • Usage: Supports purchasing and payment deferrals in trade.

This concise structure is designed for corporate clients to easily grasp the financial offerings available.

The British PSP’s Internet acquiring service is a boon for e-commerce, allowing payment with any bank card to increase sales and revenue.

Here’s the take for subscribers:

  • personal area for sales stats
  • webpage customization
  • nine API modules for integration
  • transactions in 30+ currencies and multilingual service
  • remote access and client ID.

Note that it doesn’t take long to install the required apps. Everything can be done remotely within seven days.

The British PSP makes handling money easy. You can send bills and get paid online, by email, or text. It’s great for all kinds of businesses and independent professionals, like designers or tutors.

You can sign up for this service from anywhere. After you sign up, the PSP team will make sure the billing service works well with your own space on their website.

The opportunities for financial management are also abundant in the British payment system:

  • SEPA Instant Payments for quick, secure European transactions.
  • Security protocols to safeguard financial data.
  • Payroll programs to simplify employee payments.
  • A dual account system for separate handling of admin costs and business payments.
  • Dedicated support from technical experts and a personal manager.

In addition to card payments, you have the option to receive SEPA ones directly from European banks. Open Banking API is the cutting-edge technology that bridges your bank with other financial platforms, offering smooth cooperation and expanded financial capabilities.

UK PSP: how to get started

Setting up a corporate account with the British payment system is pretty simple and can be done from anywhere. Here’s how you get started:

  1. Email International Wealth to request the service.
  2. Pay the service fee via bank card, bank transfer, PayPal, Western Union, Bitcoin, or other cryptocurrencies.
  3. Provide all necessary application documents.
  4. Once your account is set up, you’ll have access to your personal area on the company’s website, where you can manage your finances and explore other services offered by the British PSP.

Should you have any questions, feel free to reach out. The International Wealth team is ready to assist you every step of the way!

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