Payment solutions for all types of businesses, including high-risk

In order to facilitate card payment, you need a payment solution provider (“PSP”), who will process card payments for you, collect the money from your client and remit it to you (minus the agreed commission). There are various PSP’s. Some of them offer physical payment terminals (like the ones you see in stores), and some only do online payments. They differ in which industries they are willing to service and which territories, and of course, their fees may also vary significantly, depending, inter alia, on whether the client is using a local/international card, checkout currency and much more. In addition, there are other aspects which need to be taken into consideration: How often does the PSP make payments to your account, in which currency can such payments be made, do they charge for transferring funds to your account, and if they do, how much and much more. In addition, one of the main issues many businesses face when dealing with PSP’s is the requirement to hold a certain percentage (typically 10% but can even be higher) as “rolling reserve”, which is an amount held by the PSP from payments made to the business, to safeguard the PSP in case future disputes with clients occur, resulting in money being returned to such clients. This can have a material effect on a business’ cash flow, and therefore, where possible, should be avoided. Where possible, we always advise our clients to have at least two PSP working with you, to prevent any unnecessary disruption to the client’s business activity in case a PSP decides to terminate its relationship with the client (or even just freeze an account for any reason). The UAE has many PSP’s, some local and some representing international companies. Our experienced team will analyze your business, its requirements, volumes, markets and any other relevant information and will assist in finding the optimal PSP for your needs. We cater for all businesses, big or small, local or international, online or with physical locations, mainstream business and even those businesses considered high risk. Our team is also experienced in handling disputes and avoiding unnecessary chargebacks, helping our client’s cash flow as well as their attractiveness with potential PSP’s.