Distribution of Offshore Prepaid Debit Card

Thetaworld Corporation offers distribution arrangements for the offshore prepaid debit card issued by the offshore international bank to interested distributors worldwide.

Offshore Prepaid Debit Card

We have several programs available and the following description is program for organizations or companies with up to 1000 members in case of Swedish Credit Union or minimum of 3000 members for other organizations or companies. That represents in the same time the minimum order for bulk offshore prepaid debit cards. If your company fits into this program, please use the appropriate form to contact Thetabiz Corporation.

If your company is interested in retail sale of single offshore prepaid debit cards, then please use the appropriate form to contact Thetabiz Corporation.

International Prepaid Distribution Program

The International Prepaid or MasterCard Distribution Program is a fully functional distribution program for unembossed prepaid debit card that is accepted at over 12 million merchants and almost 1 million ATMs worldwide. The unembossed prepaid debit card provides brand identity and acceptance worldwide and enables authorized distributors to:

  1. To sell prepaid debit card to own membership association.
  2. To provide enhanced issuer control of prepaid debit card.
  3. To enjoy new opportunities through instant issuance of unembossed prepaid debit cards.
  4. To increase the percentage of more profitable point of sale versus ATM transactions.
  5. To acquire co-branding and prepaid debit card customization.

Prepaid Debit Card Features

The features of prepaid debit card are:

  1. Prepaid debit card is an unembossed branded card.
  2. The card is targeted for use at electronic POS terminals, thereby maximizing issuer opportunity to obtain an authorization.
  3. The card may be issued under instant issue program, without a card holder name printed.
  4. There is 4 digit PIN provided for cash withdrawals at ATMs.
  5. It has CVV code on the back of the card for validation of online purchases.
  6. The card can be used for purchases at merchants and retailers globally which accept the card for payment.
  7. Can be used for car rental and hotel bookings.
  8. It has same chargeback rights as other products.
  9. It has 2 year expiry date.
  10. The information on the card is printed, not embossed, to prevent offline transactions since the card must be swiped at electronic POS terminals for transaction authorization.
  11. Some prepaid gift debit cards may be instant issued at the time of request. Therefore, these cards will not have the card holder name printed on the front of the card and may bear a general message such as "Gift Card Recipient" or be left blank.

Characteristics of Prepaid Debit Card

  1. Acceptance marks are on the front of the prepaid debit card and.
  2. Account number is unembossed, laser engraved; indent printed or thermal printed.
  3. Card holder name and expiry date are printed on the prepaid debit card or optionally without the cardholder name on the front of the prepaid debit card.
  4. Hologram and ultraviolet dove mark is mandatory on each card.
  5. Legend on card face: Electronic Use Only.
  6. Some prepaid debit cards may carry chip depending on the issuer.
  7. Preprinted 4 digit pin is mandatory.
  8. Prepaid debit cards that are unembossed must have "ELECTRONIC USE ONLY" printed on the front of the card.
  9. The Flying "V" symbol will not be present on a Card that is unembossed. However the Hologram and ultraviolet dove will be on the card.
  10. A prepaid debit card that is unembossed can only be used in electronic terminals that are capable of online authorization. Where online terminals are unavailable, merchants may follow existing procedures for off-line, paper-based, or call-in authorizations. However, should the transaction be disputed by the Issuer, the merchant is at risk of a "Missing Imprint" or "Card Not Present" chargeback.

Offshore Prepaid Debit Card Security

  • The card is unembossed. This feature prevents the card from being used in a card imprint machine and increases the likelihood that the card will be used at an online or electronic point of sale terminal (POS) and therefore no security deposit is required.

  • The words "Electronic Use Only" are printed on the front of the card. This signifies to the merchant that the card should only be used in a scenario where real time authorization can occur. This is debit card and it shall not be mistaken for ELECTRON card. Electronic use means that card cannot be used on imprint machines, but it can be used for payments by Internet, fax, phone and on POS terminals in stores and on ATM machines.

  • Dove hologram makes it difficult for counterfeit cards to be made.

  • The three digit CVV2 code printed on the back of the card ensures that the actual card is in the possession of the cardholder for card not present transactions such as e-commerce and MOTO (mail order / telephone order) transactions.

  • The service code on the magnetic stripe is of the format "x2x". This ensures that adequate funds are available when the card is being used to make a purchase at an online point of sale terminal.

Unembossed Offshore Prepaid Debit Card Examples

Unembossed Offshore Prepaid Debit Card Examples

Offshore Prepaid Debit Card Restrictions

The main restriction on the International Offshore Prepaid Debit Card Program is that the product is restricted to closed loop programs:

  • Membership applications such as Credit Union or MLM companies

  • Payroll disbursement

  • Insurance disbursement

  • Pension disbursement

  • Commission disbursement

  • Remittance programs

  • Travel card programs

  • and similar.

We have several programs available and this offshore prepaid debit card
program is for organizations or companies with up to 1000 members in case of Swedish Credit Union or minimum of 3000 members for other organizations or companies. That represents in the same time the minimum order for bulk offshore prepaid debit cards. If your company fits into this program, please use the appropriate form to contact Thetabiz Corporation.

This card program is prohibited from retail sales, both online or in retail outlets, and MLM techniques where the only product is the offshore prepaid debit card.

If your company is interested in retail sale of single offshore prepaid debit cards, then please use other appropriate form to contact Thetabiz Corporation.

There are other restrictions such as denial of usage at certain categories such as Online Gaming (MCC7995) because of the risk to the offshore prepaid debit card program and the Bank.

The offshore prepaid debit card program is restricted for issuance only to US, Canada, Europe, Latin America and Asia.

Please speak to Thetabiz Corporation for requirements for the African market.

The Office of Foreign Assets Control ("OFAC") of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries, terrorists, international narcotics traffickers, and those engaged in activities related to the proliferation of weapons of mass destruction. OFAC acts under Presidential wartime and national emergency powers, as well as authority granted by specific legislation, to impose controls on transactions and freeze foreign assets under US jurisdiction. Many of the sanctions are based on United Nations and other international mandates, are multilateral in scope, and involve close cooperation with allied governments.

Thus, the issuing banks are ensuring to NOT WORK with any card distributor (person or organization) who is or was engaged in any illegal activity. As member bank, the offshore international banks does not want to risk their Business Licence because of illegal business or business relations.

Global Payment Brand

For any card program the complete value proposition is in a card which has universal acceptance and appeal. The brand will provide an additional dimension to your offshore prepaid debit card program in the attraction of increased market share due to the universal acceptance of debit card on a global level.

The provider is the market leader in electronic payments with 2005 worldwide cards sale volume reaching US$4.0 trillion. credit and debit card products capture more than 50 percent of e-commerce payments among major card brands.

Offshore Prepaid Debit Card Distributor and Merchant Opportunities

It will help you to get the offshore prepaid card for very cheap price per card and you would earn substantial commission fees on each sale of the offshore prepaid card and on each transaction done by such offshore prepaid card.

You can establish your own account anywhere in the world and let people load the offshore prepaid card through your own bank account.

More advantages for offshore prepaid debit card distributors and merchants:

  • Earn significant revenue from the card usages on your offshore prepaid debit card program!

  • Implementation of offshore prepaid debit card programs in Euros, USD or GBP Sterling is possible, to alleviate currency conversion charges.

  • Company name personalization and Co-Branding opportunities are available.

  • Offshore prepaid debit card is issued from AA rated banks in Europe, Mexico and Asia Pacific.

  • Physical or Virtual Card program options are available.

  • Detailed program anti-circumvention procedures to protect merchants.

  • Rapid Program Implementation!

  • API Integration Possibilities!

  • Administrative Functionality!

  • Instant Issuance Capability!

You will be able to design your own offshore prepaid card with your company logo or design.

YOU ARE WELCOME!

If you think you satisfy the requirements, and especially requirements of the member base, you are welcome to complete the form for offshore prepaid debit card distributors.

Otherwise, if your member base is lesser or you wish to implement other offshore prepaid debit card programs suitable for retail sale, please contact Thetabiz Corporation to arrange the distributor's agreement and to review the possibilities.