With CentralPay, independent retailers and franchisees can automate the clearing of prepaid values exchanged within their network (gift cards, etc.) and meet the legal requirements of European regulators.
Issues
Unlike 100% branch networks, independent or franchised networks cannot consider prepaid values (e.g. gift cards) as stored sales in the form of customer credit note.
A customer doesn’t buy a gift card, he exchanges a currency value (e.g. EUROS) for an equivalent value accepted only in a defined network of participants.
To market a gift card that can be used throughout the network of independents, chains must submit an annual application for exemption to the ACPR, or delegate responsibility to an approved Electronic Money Establishment.
Solution
Find out how CentralPay meets your challenges
Learn all about CentralPay prepaid retail management solution
The brands concerned are those issuing prepaid values (gift cards or other cards) accepted by separate legal entities:
If the network is national and mono-brand / mono-product, a request for exemption may be submitted to the ACPR.
If the network is international or national and multi-brand / multi-product, an Electronic Money Establishment distribution contract is required.
Only integrated or 100% branch networks are not concerned.
Tell our sales teams about your project and your payment volumes.
We'll send you a feasibility analysis and an appropriate pricing proposal.
Our technicians will guide you through our API documentation to get your integration up and running quickly and smoothly.
CentralPay is an Electronic Money Institution authorized by the Banque de France through the French Prudential Supervision and Resolution Authority (CIB 17138).
