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Paytailor
Estonia
08 Jan 2015 (10 Years)
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What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Paytailor
Company Information
Get to know Paytailor
Paytailor is a cloud multi-platform for payments, services and customer loyalty. Paytailor is far more than just Mobile payment solution, enabling users to access multiple services beyond the scope of the mobile payment as such. Paytailor solves two very fundamental problems, millions of businesses globally face. These are accessibility and costs, fuelled by cash payments and card terminals. Both expensive, and limiting the ability to choose how and where to accept payments. Most mobile payment solutions require integrations, card terminals or additional hardware. So, those ways of payment don’t really solve any problems or create new values. For merchants, it’s an investment in hardware that does not yield any new payment scenarios. They are still tied down to the same location, the same customers and the same card payment. Only the mechanics (swipe vs. chip vs. tap) vary from solution to solution. Paytailor replaced physical payment with virtual, which means everything is entirely on the cloud. This enables to accept payments in multiple ways, allowing businesses to choose the most beneficial for their business. We can onboard merchants in 8 minutes virtually and they can start accepting payments with an existing device and bank account, no integrations needed. Paytailor also has a public API which allows simple and fast integration with PoS systems, in-app e-commerce and IoT payments (which means we can make devices, doors, gates, machines etc to accept mobile payments). Paytailor gives people the freedom of paying remotely and by any means of payment they prefer. Paytailor acts as a payment aggregator, which means different payment methods in addition to credit or debit card (mobile carrier billing, PSD2 open banking- direct debiting, top-up solutions, even cryptocurrencies etc). That allows customers to choose the method most suitable for them and on the business side, save costs from payment processing fees. For Paytailor it means easy scaling, also to underbanked areas.
Industry
- Financial Other ServicePRIMARY
- Financial Payment
- Financial PSP Gateway
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