Visa Direct & MasterCard Moneysend - how to use it for payouts?

[Alenka]

I’m looking to payout funds to different countries and people and want to use Visa Direct & Mastercard MoneySend for that, but I can’t understand how to sign up for that?

Does anyone has experience how to sign up and use those systems to issue payouts?

 

[Sols]

You need two things:

1. A financial services license (if you're paying out to unrelated third parties) or a business model that reasonably necessitates payouts to cards.
2. An acquirer that has both Direct and MoneySend available.

For finding acquirers, look at banks in and other payment service providers in your country. If you're in EU/EEA, you can work with any acquirer in the EU/EEA that has it.

 

[SCHLOSSFINANZ]

alternatively if you have a Zen.com business acount you can transfe rmoney to Visa and Mastercards,
but not to all jurisdictions and the % is pretty high

 

[Alenka]

alternatively if you have a Zen.com business acount you can transfe rmoney to Visa and Mastercards,
but not to all jurisdictions and the % is pretty high

You know %?

 

[SCHLOSSFINANZ]

around 1-2%