Blog by Alex Zelinsky, Chairman at Velvet Platform and PayPugs
PayPugs is an international company with a multilingual team. We understand that as a financial intermediary you are always looking for flexible and bespoke solutions to suit your client’s individual needs.
And that’s why we have set up our White Label solution.
What is PayPugs White Label?
White Label is a flexible solution for you if you are an accredited financial company and you want to get your company up and running as quickly as possible without immediately investing in a standalone solution.
Our interfaces are used to represent you and we maintain control of your products to ensure that they are compliant. Interfaces include Application Programme Interface, (API), Graphical User Interface, (GUI), administration, support desk, internet banking and AML policies.
We can offer you multi-currency accounts, virtual IBANs, wire transfers, card plans and extras such as, cardholder acceptance notifications, card carrier coupons, online tool promotions and crypto currency.
You can even choose your own designs and use your own corporate branding for correspondence to your own clients. Our name doesn’t have to appear on your terms and conditions, for example — your clients remain your clients.
How does White Label help financial institutions?
Because we work as a family of multiple companies , we can develop a bespoke solution to meet your needs which may for example include crypto currency.
We can get you set up quickly whilst staying compliant, and it’s much less expensive and time consuming for you than if you were to start from scratch. You will also have the peace of mind of using a safe and compliant payment gateway, as our compliance team is gold standard.
Personalised customer service
The core of our approach is that we get to know your business personally so that we can tailor the solution to your specific 21st century business needs. Setting up a White label account takes around two to four weeks, as it is a multiple-stage process.
It is important that we take the time to fully understand your business case, who is doing what within the business, and exactly which services your business would benefit from.
Transparency and Pricing
There’s no hidden agenda – our White Label Solution accounts have determined fee options. We charge a separate configuration fee when we set up several White Label accounts for the same company.
We are much more than just an internet bank.
We provide personal communication and customer care by assigning you a dedicated contact person, so you won’t have to explain your situation to a new person each time. To find out more about our White Label solution, arrange a call with one of our Business Development Officers.