Bin License Agreement Visa

Visa`s licensing program simplifies your application process. The tool guides applicants through online questionnaires and offers the opportunity to ask visa questions at every stage of the process. Since each country has its own licensing rules and regulations, you will need a license for each country in which you want to operate. Please note that some of the following steps may change depending on the selected countries and may require additional documentation. To become an authorized Visa issuer or merchant acquirer, you must provide Visa with certain information to get started. This information is important to ensure that all authorized partners are selected and meet certain regional requirements for different regulations. Once approved, you can begin implementation activities to connect to the Visa network. These customers are usually small credit unions, startups or other companies. If approved, you will unlock the possibilities of issuing and purchasing visas and have access to various other products and services we offer, such as APIs and Visa solutions. Depending on the country you are applying for, the dashboard will be updated with additional forms, including: These customers have full ownership of their licensing program, with the sponsorship of a major customer. These customers are usually high-volume banks and financial institutions, which can also be listed in our partner directory to expand your network. Customers who fall into this sub-fund are typically larger institutions that have experience in risk underwriting, credit management, customer billing, and payment collection. These clients work directly with Visa for product development and marketing.

Although a service fee is required, these customers have the greatest flexibility for the features they can manage and are fully responsible for all activities associated with the assigned BIN. Small institutions that work with the help of a client for certain aspects such as settlement, reporting and payment of fees. Create a Visa Partner account and select ”Apply for a license” in the dashboard. .