BIN Sponsorship – help to find the right BIN Sponsor for you
For a great speed to market solution, BIN Sponsorship can be the answer, rather than applying for Visa or Mastercard principal membership yourself. How do you know which is the ideal partner for your new card issuing program? Do they cover your intended territories, should you focus on Visa or Mastercard Bin sponsorship. Do they handle the card manufacture and processing? We have a long list of BIN Sponsors and can recommend the partner to perfectly match your business.
A BIN sponsor is an established, licensed entity with a card scheme principal membership, typically Mastercard or Visa but perhaps JCB, Discover or China Union Pay etc. They have all the technical and regulatory setup needed to run your product until you are ready to bring it in-house.
By allowing an established principal member to sponsor your product, you get to launch your product whilst you grow your business to the place it needs to be for your own principal membership. This is a great time saving method which allows you to develop a proof of concept product perfect for your own license application.
It’s a well-established method proven successful by many of the strongest players in the market.
BIN sponsors can vary in speciality, with some having a product focus on consumer or corporate spending, and others breaking away from a UK presence to issue across the full European Economic Area. Whatever your product, AuthoriPay can find the right BIN sponsor to precisely fit your business needs.
So, whether you’re starting from scratch or already a regulated firm, AuthoriPay can help you find the ideal BIN Sponsor or help you to build your own license application. Stop reading about card issuing options and just call the experts to make your card issuing dreams a reality.