If you bring in your own payout network/partner, and such a payout network/partner would have a correspondent tie-up agreement with the PLH (Principal License Holder) in the UK/EU, then the FX price, gains, etc. are all set by you. If you do NOT bring in your own payout network/partner, then the FX, etc. are all set by the PLH. Your commission would be governed by the wholesale price they offer in the package, which you would be accepting.
May I humbly request you watch these two videos? They explain the concept of what correspondent tie-up agreements are – very well.
- What is a Tri-Party Correspondent Tie-Up Agreement
- What is a Correspondent Tie up? & Why is it necessary?
This page was last updated on February 16, 2023.