Will You Buy This For $1,500? - Mastercard Virtual Card Mini-License.

[FATechnologies]

A full ready made reseller website application to resell Mastercard Virtual cards only. Funded with BTC and ETH.

Onetime setup fee as $1,500 (Your preferred domain and hosting) - Renewal license of just $500 Yearly.

Making a Market survey. Please leave a message if you are interested in this.

I am able to get this license but i want to be sure people are ready to own a reseller platform before i begin to invest funds into this. If i get a good number before the end of March, the application will be ready for use by April 31st, if no i will scrap it.

-Conditions - KYC needed for owner
-Selling Price - Will issue one card at about $4 to you, then you can sell at your own price. Higher volume attracts lower issuing rate
-Virtual Cards only - Will later upgrade into physical cards, but application will only begin with Virtual cards
-Issuer - Mastercard


Thanks, please ask questions.
 

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[FATechnologies]

Anyone?

[LeGaulois]

A $1,500 set up fee + $500 per year is a decent cost for anyone thinking to start his own company seriously. If I was looking to open such business I would have no problem to pay your fees. I would include it in my "operating cost"

The thing, you're acting as a middleman probably, and anyone thinking to make such business could remove the middleman (considering they know where to go)

[audaciousbeing]

A full ready made reseller website application to resell Mastercard Virtual cards only. Funded with BTC and ETH.

Onetime setup fee as $1,500 (Your preferred domain and hosting) - Renewal license of just $500 Yearly.

Making a Market survey. Please leave a message if you are interested in this.

I am able to get this license but i want to be sure people are ready to own a reseller platform before i begin to invest funds into this. If i get a good number before the end of March, the application will be ready for use by April 31st, if no i will scrap it.

-Conditions - KYC needed for owner
-Selling Price - Will issue one card at about $4 to you, then you can sell at your own price. Higher volume attracts lower issuing rate
-Virtual Cards only - Will later upgrade into physical cards, but application will only begin with Virtual cards
-Issuer - Mastercard


Thanks, please ask questions.
 

The service you are willing to offer here does should not be dependent on you getting a re-seller because you can relate with the consumer directly and that would reduce the cost by virtue of the margin that the re-seller would have to add to it in other to make profit and that alone can increase the cost beyond the affordable point. My questions to this would be as follows;

1. What is the long term continued existence of this service?  Investing $1500 and $500 and selling the cards for a minimum of say $5 which means that about one needs a minimum of 400 clients to use the service which is not something that would come in one day. Is it a service that will be available into the future considering the cancellation of support that the duo of MasterCard and Visa were offering to crypto cards?

2. What other implicit costs are to be incurred outside the payment of the amount in other to own one virtual card? This is key because by the time all of this is eventually factored in, it might be more expensive to use the service because its virtual, it can only be used online and not for physical withdrawal.

[AndreyBelts]

It is interesting.
But need more information.
Is any technical and juristic information available?
May be sample application / site?
 

[FATechnologies]

A $1,500 set up fee + $500 per year is a decent cost for anyone thinking to start his own company seriously. If I was looking to open such business I would have no problem to pay your fees. I would include it in my "operating cost"

The thing, you're acting as a middleman probably, and anyone thinking to make such business could remove the middleman (considering they know where to go)

I dont think you have an idea of how much the license cost and the process of getting one.

You can't remove Middlemen from business especially this. I hope you know your Bank too issuing this card is a "Middleman"

[FATechnologies]

1. What is the long term continued existence of this service?  Investing $1500 and $500 and selling the cards for a minimum of say $5 which means that about one needs a minimum of 400 clients to use the service which is not something that would come in one day. Is it a service that will be available into the future considering the cancellation of support that the duo of MasterCard and Visa were offering to crypto cards?

As long as we are able to sustain the license, this will continue to be available. After the successful launch of MC virtual cards, we will also add more issuers too and the same platform will be able to resell them easily.

2. What other implicit costs are to be incurred outside the payment of the amount in other to own one virtual card? This is key because by the time all of this is eventually factored in, it might be more expensive to use the service because its virtual, it can only be used online and not for physical withdrawal.

Basically we will be handling all technical support relating to the platform. All technical mails comes to us and we respond to all client's technical issue relating to using the card, this takes more than 80% of enquires according to research made.

So except there is any other cost we are forgetting, but really no other cost. Maybe cost of advertising which is basically the site owner's duty to promote

[FATechnologies]

It is interesting.
But need more information.
Is any technical and juristic information available?
May be sample application / site?
 

I said this on my post.

I am able to get this license but i want to be sure people are ready to own a reseller platform before i begin to invest funds into this. If i get a good number before the end of March, the application will be ready for use by April 31st, if no i will scrap it.

So there is no way i can show you sample now, neither am i requesting any payment.

[Paractor]

How can you assure what happened to wavecrest would not happen to this card issuer who is middlemanning this entire operation?
If it does happen then the investor would have lost their holdings in this business venture.

[BenOnceAgain]

1. What is the long term continued existence of this service?  Investing $1500 and $500 and selling the cards for a minimum of say $5 which means that about one needs a minimum of 400 clients to use the service which is not something that would come in one day. Is it a service that will be available into the future considering the cancellation of support that the duo of MasterCard and Visa were offering to crypto cards?

As long as we are able to sustain the license, this will continue to be available. After the successful launch of MC virtual cards, we will also add more issuers too and the same platform will be able to resell them easily.

2. What other implicit costs are to be incurred outside the payment of the amount in other to own one virtual card? This is key because by the time all of this is eventually factored in, it might be more expensive to use the service because its virtual, it can only be used online and not for physical withdrawal.

Basically we will be handling all technical support relating to the platform. All technical mails comes to us and we respond to all client's technical issue relating to using the card, this takes more than 80% of enquires according to research made.

So except there is any other cost we are forgetting, but really no other cost. Maybe cost of advertising which is basically the site owner's duty to promote

By "license", you're referring to presumably an ISO master agreement with a card issuing financial institution?  Not a banking license or charter, correct?  What country is it based in?

Do they know there's a crypto nexus?  I know some of some U.S. based issuers that are looking into offering this product, specifically a Mastercard product.  Visa doesn't seem as down with crypto from what I gather, at least Visa USA.

Good luck with your project, it certainly fills a needed gap while we are still dependent to some degree on legacy financial services.

Best regards,
Ben

[FATechnologies]

How can you assure what happened to wavecrest would not happen to this card issuer who is middlemanning this entire operation?
If it does happen then the investor would have lost their holdings in this business venture.

In the real sense, there is no way i can assure you. The best we can do is making sure we follow all regulations on using the card.

[Paractor]

How can you assure what happened to wavecrest would not happen to this card issuer who is middlemanning this entire operation?
If it does happen then the investor would have lost their holdings in this business venture.

In the real sense, there is no way i can assure you. The best we can do is making sure we follow all regulations on using the card.

Well then there is not any assurance to the customers who are going to sign up for these cards then.
Thus no insurance to them if it does go the way of wavecrest leaving all their clients without their funds on the cards they had with them.
For those that did not get the memo they did not have the time to withdraw their funds off the cards before they became useless just lost access to those funds.

[BenOnceAgain]

How can you assure what happened to wavecrest would not happen to this card issuer who is middlemanning this entire operation?
If it does happen then the investor would have lost their holdings in this business venture.

In the real sense, there is no way i can assure you. The best we can do is making sure we follow all regulations on using the card.

Well then there is not any assurance to the customers who are going to sign up for these cards then.
Thus no insurance to them if it does go the way of wavecrest leaving all their clients without their funds on the cards they had with them.
For those that did not get the memo they did not have the time to withdraw their funds off the cards before they became useless just lost access to those funds.

Are all of the services that offered Visa or Mastercard branded payment cards linked to crypto now out of commission?

I think the federal credit union and/or OCC limited purpose national bank charter routes are the best way to accomplish this in the short/medium term.  Takes longer than a master agreement with an issuer, but gives much more certainty that you'll be able to keep your business model.  If done properly, it can be done as a service for multiple projects, which is why I prefer the credit union model.  Everyone's an owner, there are some very interesting things you can do in that model.

Best regards,
Ben