AgentCASH is not a financial institution and as such we are not authorized to carry out payment transactions for our clients. Therefore, we offer our solution in partnership with the German bank Wirecard Bank AG, which is processing card transactions on our behalf. AgentCASH acts as a technical partner (provides the software and hardware infrastructure) and Wirecard Bank provides financial services.
When you decide to work with AgentCASH, you will sign a contract for card processing directly with Wirecard Bank (with our help), and join a group of more than 16,000 customers and partners - small and large companies from EU (such as Lidl, TUI, Turkish Airlines, Vodafone, Deutsche Telekom, Orange, Burda and others) that already use the Wirecard card payment services.
Visa and MasterCard will settle money from card transactions to a temporary account at Wirecard, and this money will be periodically, once a week paid out to your business account in any EU bank.
About Wirecard Bank
Wirecard Bank AG has a cross-border license for card acceptance within the entire EU.
Their business is regulated by the German Federal Financial Supervisory Authority - BaFin (www.bafin.de), federal body for the supervision of financial activities in Germany. The Bank is also a member of the Deposit Protection Fund by the Association of German Banks.
In short - your money is in good hands.