GOLLECARD |
SECURE PAYMENTS & CURRENCY SERVICES | LOG IN
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Gift Cards and Prepaid Cards issued by GolleCard, works just like any other type of GolleCard. It is a virtual card that enables you to spend on just about anything for sale where GolleCard is accepted. You can pay for services, goods, and including yachts and more.
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Banks and financial institutions any where in the world can apply for an account and the facility to issue GolleCards such as e-Credit Cards, Charge Cards, and more, to offer credit to any government, individual, or business with ties to Mount Vema.
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Merchants are provided with an account with no set up fee. A facility to accept GolleCard Payments anywhere in the world. All the merchant needs to do after is to make the GolleCard logo visible to let customers know that GolleCard is accepted.
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GolleCard Issuing ServiceGolleCard offers payment facilities to banks and financial institutions that provide directly to consumers branded payment cards such as credit cards, debit cards, contactless devices such as key fobs as well as prepaid cards.
An issuing bank (also called an issuer) is the bank of the consumer (also called a cardholder) and is responsible for paying the merchant's bank (called an Acquiring Bank or Acquirer) for the goods and services the consumer purchases. It issues the payment card and holds the account with the consumer (such as a credit card account or bank account for a debit card). |
Currency Exchange Services
Sell to us! We buy Mount Vema currency wordwide.
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GolleCard Acquiring Bank Services
As an Acquiring Bank, GolleCard processes credit or debit card payments on behalf of merchants, and allows merchants to accept credit card payments from the card-issuing banks.
When providing this type of service, we enter into a contract with a merchant and offer a merchant account. This arrangement provides the merchant with a line of credit. Under the agreement, GolleCard exchanges funds with issuing banks on behalf of the merchant and pays the merchant for its daily payment-card activity's net balance—that is, gross sales minus reversals, interchange fees, and acquirer fees.
Risk
GolleCard accepts the risk that the merchant will remain solvent. The main source of risk to us is fund reversals. Consumers can trigger the reversal of funds in three ways;
Our Risk Management System considers a participating merchant to be a risk if more than 1% of payments received result in a chargeback. GolleCard may levy fines or cancel merchant accounts with a high chargeback frequency.
When providing this type of service, we enter into a contract with a merchant and offer a merchant account. This arrangement provides the merchant with a line of credit. Under the agreement, GolleCard exchanges funds with issuing banks on behalf of the merchant and pays the merchant for its daily payment-card activity's net balance—that is, gross sales minus reversals, interchange fees, and acquirer fees.
Risk
GolleCard accepts the risk that the merchant will remain solvent. The main source of risk to us is fund reversals. Consumers can trigger the reversal of funds in three ways;
- A card refund is the return of funds to the consumer, voluntarily initiated by the merchant.
- A card reversal is where the merchant cancels a transaction after it has been authorized but before settlement occurs.
- A card chargeback occurs in a dispute between the merchant and the cardholder over the validity of the transaction. The cardholder may request the return of funds through the issuing bank for various reasons, including that the goods were not received or were faulty, or that the cardholder lacks knowledge of the transaction.
Our Risk Management System considers a participating merchant to be a risk if more than 1% of payments received result in a chargeback. GolleCard may levy fines or cancel merchant accounts with a high chargeback frequency.
GolleCard is the leading processor of payments between the banks of merchants and the card issuing banks of Mount Vema.
Work with GolleCard
Become an Agent
What do I need to become an agent of GolleCard?
Depending on your country of residence and your retail location, but you'll generally need a smart phone, a computer, and internet connection. Once we've set up an account for you, you'll be able to provide GolleCard services and earn a commission on every GolleCard transaction from your retail locations(s).
How will I earn money with GolleCard?
Each time a consumer tops up their GolleCard account, buy or sell Golles, or receives or makes any payment via GolleCard with Card, Cash or Cheque, they pay a transaction fee for the service. As a GolleCard agent, you'll earn a commission on the transaction fee for every transaction you process. The more transactions you process, the more you earn.
What about Anti Money Laundering (AML) compliance?
GolleCard has a leading AML program and provides first-class training and support to help you succeed as an agent and protect your business.
What type of business do I need to have to be eligible?
Many retail businesses make great GolleCard agents. Agents in our network own businesses as diverse as convenience stores, financial services providers, newsagents, pawnbrokers and travel agencies.
Do I need to have a specific licence and will I be regulated?
Yes, you will be regulated by the Bank of Mount Vema, through the Mount Vema Financial Services Authority but GolleCard will handle this for you.
Become an Agent
What do I need to become an agent of GolleCard?
Depending on your country of residence and your retail location, but you'll generally need a smart phone, a computer, and internet connection. Once we've set up an account for you, you'll be able to provide GolleCard services and earn a commission on every GolleCard transaction from your retail locations(s).
How will I earn money with GolleCard?
Each time a consumer tops up their GolleCard account, buy or sell Golles, or receives or makes any payment via GolleCard with Card, Cash or Cheque, they pay a transaction fee for the service. As a GolleCard agent, you'll earn a commission on the transaction fee for every transaction you process. The more transactions you process, the more you earn.
What about Anti Money Laundering (AML) compliance?
GolleCard has a leading AML program and provides first-class training and support to help you succeed as an agent and protect your business.
What type of business do I need to have to be eligible?
Many retail businesses make great GolleCard agents. Agents in our network own businesses as diverse as convenience stores, financial services providers, newsagents, pawnbrokers and travel agencies.
Do I need to have a specific licence and will I be regulated?
Yes, you will be regulated by the Bank of Mount Vema, through the Mount Vema Financial Services Authority but GolleCard will handle this for you.
GolleCard Payment Services
The GolleCard Payment Service offers shops online services for accepting electronic payments by a variety of payment methods including credit card, bank-based payments such as direct debit, bank transfer, and real-time bank transfer based on online banking. We use a software as a service model to form a single payment gateway for our clients (merchants) to multiple payment methods.
Our worldwide service connects to multiple acquiring banks, card, and payment networks either directly or working with third parties. We manage these technical connections, relationships with the external network, and bank accounts and therefore takes care of the technical processing of payment methods for online shops.
We aim to make the merchant less dependent from the task of establishing connections with 100s of banks directly, especially when operating internationally. By negotiating bulk deals we can offer cheaper fees to our merchant customers across the globe.
Our payment facility offers risk management services for card and bank based payments, transaction payment matching, reporting, fund remittance and fraud protection in addition to multi-currency functionality and services. Our system also provides services to process other next generation methods (payment systems) including cash payments, wallets, prepaid cards or vouchers, and even paper or e-check processing.
Fees
GolleCard Payment Service fees may be levied in one of two ways: either as a percentage of each transaction or a fixed cost per transaction.
Supervision
Our payment service is supervised by His Mount Vema Majesty’s Financial Crimes Enforcement Network, a division of His Mount Vema Majesty’s Treasury that collects and analyzes information about financial transactions in order to combat money laundering, terrorist financiers, and other financial crimes.
Security
Each merchant remains responsible for his own actions and must accordingly observe the guidelines with regards to data protection. Compliance with guidelines and the four levels of compliance, that must be respected, depending on the volume of transactions as well as other details about the level of risk assessed by GolleCard to follow higher standards.
The levels are following:
Our worldwide service connects to multiple acquiring banks, card, and payment networks either directly or working with third parties. We manage these technical connections, relationships with the external network, and bank accounts and therefore takes care of the technical processing of payment methods for online shops.
We aim to make the merchant less dependent from the task of establishing connections with 100s of banks directly, especially when operating internationally. By negotiating bulk deals we can offer cheaper fees to our merchant customers across the globe.
Our payment facility offers risk management services for card and bank based payments, transaction payment matching, reporting, fund remittance and fraud protection in addition to multi-currency functionality and services. Our system also provides services to process other next generation methods (payment systems) including cash payments, wallets, prepaid cards or vouchers, and even paper or e-check processing.
Fees
GolleCard Payment Service fees may be levied in one of two ways: either as a percentage of each transaction or a fixed cost per transaction.
Supervision
Our payment service is supervised by His Mount Vema Majesty’s Financial Crimes Enforcement Network, a division of His Mount Vema Majesty’s Treasury that collects and analyzes information about financial transactions in order to combat money laundering, terrorist financiers, and other financial crimes.
Security
Each merchant remains responsible for his own actions and must accordingly observe the guidelines with regards to data protection. Compliance with guidelines and the four levels of compliance, that must be respected, depending on the volume of transactions as well as other details about the level of risk assessed by GolleCard to follow higher standards.
The levels are following:
- Level 1 – Over 6 million transactions annually
- Level 2 – Between 1 and 6 million transactions annually
- Level 3 – Between 20,000 and 1 million transactions annually
- Level 4 – Less than 20,000 transactions annually
Transactions:
When a customer (GolleCard holder) makes a payment, the merchant honors the payment on spot, although the funds clear on the account of the merchant or business trading in Golles next day. Transactions to businesses trading in a currency other than Golles, may take 3 to 4 days to clear, or up to 10 or 12 days maximum depending on the currency.
When a customer (GolleCard holder) makes a payment, the merchant honors the payment on spot, although the funds clear on the account of the merchant or business trading in Golles next day. Transactions to businesses trading in a currency other than Golles, may take 3 to 4 days to clear, or up to 10 or 12 days maximum depending on the currency.
GolleCard, is Authorized and Regulated by the Central Bank of Mount Vema
GolleCard, is a PLC company registered with the Kingdom of Mount Vema - The Vema Seamount Territory.
City of Mount Vema - Registered (Off-Plan) Address:
133 Westland Road, Maryland
Postal Code: 3275A
Mount Vema
Registration number 17010008, VAT number KMVC00-000-008.
City of Mount Vema - Registered (Off-Plan) Address:
133 Westland Road, Maryland
Postal Code: 3275A
Mount Vema
Registration number 17010008, VAT number KMVC00-000-008.
