Banking & Payment Solutions
PRACTICE AREA
The financial landscape is rapidly evolving, and businesses must secure reliable banking and payment solutions to ensure smooth operations. Our law firm specializes in assisting companies across various risk profiles and jurisdictions in obtaining financial services tailored to their needs. With our extensive experience, we help clients access secure, compliant, and efficient banking and payment processing solutions.
We understand the challenges businesses face, particularly those in high-risk sectors. Our expertise and industry partnerships enable us to navigate financial regulations, streamline account setups, and provide businesses with seamless banking and payment processing solutions. Whether your company requires traditional banking services, electronic money institutions, or cryptocurrency-related financial services, we are here to assist.
Our Services
We help businesses establish accounts with trusted financial institutions worldwide, including high-risk sectors such as iGaming. Our services include account setup with:
- Banking Institutions
- Electronic Money Institutions (EMIs) & Payment Institutions (PIs)
- Crypto Providers (including white-label crypto exchanges)
- Payment Service Providers (PSPs)
- Open Banking Providers
- Card Providers
Banking Solutions
We leverage our network and partnerships to support businesses in high-risk industries with efficient banking solutions. Our services include:
- Multi-Currency Bank Accounts: Manage global transactions with accounts supporting multiple currencies.
- Digital Banking Solutions: Access secure 24/7 banking services via online platforms and mobile apps.
- Cryptocurrency-Friendly Banking: Support for crypto-to-fiat transactions and wallet management (where regulations permit).
- Account Types: Available for companies, trusts, and individuals.
- Banking & Processing: Some of our partners offer integrated banking and processing services.
- Negotiated Fees: Exclusive rates through our banking associates.
Payment Processing
We assist businesses in securing optimal payment processing solutions to ensure smooth transactions. Our services include:
- Merchant Account Setup: Secure processing and transaction management solutions.
- High-Risk Payment Gateways: Partnering with PSPs to ensure access to secure multi-currency payment systems.
- Credit & Debit Card Processing: Support for all major card networks with fraud prevention tools.
- Alternative Payment Methods: Digital wallets, cryptocurrency transactions, and regional payment systems.
- Recurring Billing Solutions: Automated billing for subscription-based businesses.
- Fraud & Chargeback Management: Tools to reduce chargebacks and detect fraud.
- Platform Selection Advisory: Assistance in selecting PSPs and other providers.
Crypto Accounts
Our services regarding crypto accounts include:
- Negotiated Rates: Preferential pricing for our clients.
- Licensed Crypto Exchanges: Reliable and compliant solutions.
- Fast Onboarding: Quick account approvals.
- 24/7 OTC Trading Desk: Instant transactions.
- Same-Day Settlements: Faster access to funds.
- High Liquidity: Seamless trading.
- Fiat Transactions: SEPA and SWIFT deposits and withdrawals.
- Account Availability: Open to companies, trusts, and individuals.
White-Label Crypto Exchange
We provide a turnkey solution for launching a branded cryptocurrency exchange with built-in regulatory compliance and security.
- Quick Deployment: Launch within weeks with a fully branded setup.
- Regulatory Compliance: Meets licensing requirements.
- Seamless Integration: API-enabled for easy system integration.
- Extensive Asset Coverage: Supports major cryptocurrencies and stablecoins.
- Secure & Insured Wallets: Built-in protection for digital assets.
- Customizable Fee Structure: Set trading fees and earn revenue.
- Ongoing Support: Dedicated technical and account management.
Why Choose Us?
- Industry Expertise: Over 30 years of experience in high-risk sectors.
- Regulatory Compliance: Strict adherence to KYC and AML standards.
- Global Reach: Access to an extensive network of financial institutions.
- Negotiated Fees: Exclusive rates through our financial partnerships.
Frequently Asked Questions (FAQ)
What documents are required to open an account?
To onboard companies (especially in high-risk sectors), the following documentation is typically required:
- Company Documents: Registration certificates, memorandum, articles of association, and amendments.
- Director/Shareholder/UBO Information: Passports, proof of address, and KYC documents.
- Banking Details: Recent bank statements proving financial stability.
- Business Model Information: Description of services, target markets, and operations.
- Compliance & Licenses: Industry-specific licenses proving regulatory compliance.
- Processing History: Past transaction records and chargeback ratios (if available).
- Website & Policies: Live URL with terms, refund policy, and privacy policy.
- User Experience: Secure and user-friendly payment processing flow.
What challenges do high-risk companies face in payment processing?
- High Transaction Decline Rates & Solutions: Payment processors may reject transactions due to perceived risks. Working with specialized high-risk processors improves approval rates and ensures smoother transactions.
- Increased Chargebacks & Solutions: High chargeback ratios can lead to penalties or account termination. Implementing fraud detection and chargeback mitigation tools helps reduce risks and maintain account stability.
- Limited Access to PSPs & Solutions: Many providers hesitate to work with high-risk sectors. Diversifying PSP and payment gateway providers secures uninterrupted processing.
- Higher Processing Fees & Solutions: Premium rates due to industry risks can be mitigated by negotiating competitive pricing and leveraging volume discounts.
- Regulatory Compliance Requirements & Solutions: Stricter KYC and AML rules demand full compliance. Partnering with regulatory-supportive providers ensures smooth onboarding and continuous compliance.
What best practices should high-risk businesses follow?
- Maintain Compliance: Adhere to KYC, AML, and PCI DSS standards.
- Monitor Transactions: Use fraud detection systems to flag suspicious activities.
- Diversify Banking & PSP Providers: Reduce reliance on a single financial institution.
- Implement Chargeback Mitigation: Use proactive tools to manage disputes.
- Build Strong Financial Relationships: Partner with experienced banking and payment providers.
Additional Services
In addition to banking and payment solutions, we also offer corporate services and gaming licensing solutions. Our team assists businesses in obtaining the necessary licenses and structuring their corporate framework to ensure compliance with regulatory requirements.