FAQ

FAQs FOR PAYMENT PROVIDERS

WHO DO WE CONSIDER A PAYMENT PROVIDER?
Any technology company, as well as any regulated institution whose business is related to the payment
sector.

HOW DO I BECOME A PAYMENT PROVIDER OF FINTECH PAYMENTS?
Really easy. Fill the Welcome Form (start here) with your Company details. After we review your
submission, we’ll get back to you within 48 hours and ask for the appropriate KYC documentation.
After receiving your KYC documents, we’ll give you full access to our platform so you can start doing
business!

WHAT KYC DOCUMENTATION MEANS?
This consists of a form where you have to fill out all the “legal”/”official” data about your Company:
Incorporation certificate, articles, ID/passport of the management team, etc. It takes 5 minutes to fill it
out!

WHICH CONTRACTUAL RELATIONSHIP APPLIES BETWEEN THE THREE PARTIES INVOLVED?
There are two contracts that will apply: the “main contract” and the “introducer contract”.
Once we have donde our job, i.e. we found you a business opportunity, both companies (Fintech
Payments and the Payment Provider) send a Fee Proposal to the final client.
After acceptance, both Fintech Payments and the Payment Provider negotiate the main contract with
the final client. Therefore, the main contract is sign by the three parties (although Fintech Payments
only appears as the intermediary of the relationship, a symbolic party that only makes sure the deal
comes to a happy end.
In a separate contract (the introducer contract) Fintech Payments and the Payment Provider set out the
aplicable commission fees.

WHO BILLS THE FINAL CUSTOMER (MEMBER OF FINTECH PAYMENTS)?
The Payment Provider bills the final customer. Fintech Payments, in turn, bills the Payment Provider.

WHICH PERCENTAGE DOES FINTECH PAYMENTS GET?
From 10 to 15% of the total fees paid by our members, i.e. the final customer.