Cyprus National Bankand MC/Visa Processor

[nicu]

When payment processor or bank becomes Visa/MC IPSP declared it means that they are collecting the funds on behalf of the merchant, meaning that they provide financial services and for this according EU regulation a licence is needed, the company would have in this case to be authorised by the Cyprus central bank. How would we go about determining if a company has such a Cypriot license?

[jpay]

I hope you bring alot of money with you when you go to Cyprus to apply for a financial license! +500k euro min. Do you have that sort of money available?

[nicu]

Nice answer
Thanks lol

[nicu]

Dollars/Euros are obtainable but that was not my question!
Cypriot licensing information and its availability was the crux of the question I believe.

Thanks, however for the laugh this morning.

[Admin]

Dollars/Euros are obtainable but that was not my question!
Cypriot licensing information and its availability was the crux of the question I believe.

Thanks, however for the laugh this morning.

Somewhere you both are not on the same page... you may want to elaborate what it is you look for nicu and why you think it is "LoL" constructive answers need constructive questions or what do you think?

I will close this thread if there don't comes anything good out of it.

[nicu]

Simple question really, according EU regulation a licence is required to collect/process funds on behalf of a merchant.
If a Cypriot company is the collector/processor they would required to be authorised by the Cyprus central bank.
How would we go about determining if a company has such a Cypriot license/authorization?

[Admin]

You may ask a lawyer to send a request to the Cypriot Central Bank, I doubt they will response to a regular request from a company or individual.