Can I use my own payment processor?

You can, but only if you are a payment facilitator and have an agent-based relationship with the US solution provider. The reason is, when you use your own payment processor you are in the custody of funds and hence break the chain of licensure continuity. Your own payment processor is a contract with your company and your processor. The US solution provider is not a party to that contract and neither do they have a primary chain of custody to client funds. Hence, the answer is no.

Suggested Video(s)

—

This page was last updated on December 2, 2024.

–

Related posts:

  1. Can you please explain if there is a pricing difference (lower cost) between: 1) Option to BYOBB/BYOMTO (Bring-Your-Own Beneficiary Bank / Bring Your Own MTO) 2) Manage our own FX Handling (Optional)
  2. We noticed that the credit card processing is at 2.09% for the starter plan. Can we bring our own card processor if we have one?
  3. Can I use my own merchant processor?
  4. What Is A Third-Party Payment Processor? How Are They Different?
  5. Can we use our own platform and development stack if we have our own technology team, and not opt for your web/mobile app?