How can an online B2B portal position itself as an intermediary in payments?

Asked Sep 1, 2016· 1 answer
Faisal KhanAnswered Sep 1, 2016
From a VISA/MasterCard point of view, if you are already a merchant, to become an intermediary (or a marketplace) is to qualify for the PSP (Payment Service Provider) program, or more specifically, become a PF (Payments Facilitator).

So, the first step is to contact your acquiring bank and see if they would on-board you as a PF? (also would help if you talked to VISA/MasterCard rep in your area).

Secondly, look if there is any central bank / financial regulator legislation that would require you to get a PSP license for becoming an intermediary in payments.
Platform PaymentsMarketplace PaymentsE-Commerce Payments
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