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Products and Services

UPayCard provides businesses with a comprehensive multi-currency payment solution that allows the business to move funds from their Account to other Accounts on the UPayCard system. A Business simply needs to contact a UPayCard representative to open a Business Account. Upon being provided a Business Account, the business can then pay other business or individuals that have an Account on the UPayCard system.

A Business Account may be used to:
  • Send payments instantly to vendors, affiliates and customers usually for less than the cost of preparing and sending checks, initiating bank wire transfers and many other payment methods.
  • Accept payments from other UPayCard Business Account holders around the world.
  • Use UPayCard's multi-currency eWallets to securely make payments in currencies other than US Dollars.
Obtaining a Business Account is a very straightforward process. The prospective business will:
  • Fill out the Business Account Application Form and provide the 'Know Your Business' due diligence information that UPayCard is required to obtain.
  • Create a Business Account on our website.
  • Upon approval your Business Account will be created on the UPayCard system.
Your Business Account is protected from fraudulent access by a two factor sign on system. Your will be able to select a Username which will identity your Account. You will be able to select an Account Password which is the first factor that you must provide to sign on to your Account. You will be provided a UPayCard PIN code card that contains randomly selected six digit numbers, on of which you will need to provide when prompted.

Your Business Account funds are held in a bank in the United Kingdom in a ring-fenced Account so that they cannot be used for any other purpose than to meet your payment instructions and to pay UPayCard any associated fees.
A pro-forma table of setup fees and transaction costs will be provided to you upon request. These fees are tailored to your business type and to your projected monthly number of transactions and value volumes.
UPayCard provides businesses with a comprehensive multi-currency payment solution that allows the business to move funds from their Account to other Accounts on the UPayCard system. A Business simply needs to contact a UPayCard representative to open a Business Account. Upon being provided a Business Account, the business can then pay other business or individuals that have an Account on the UPayCard system.

A Business Account may be used to:
  • Sponsor employees, contractors, agents and others to whom the Business Account needs to send periodic payments by providing the individual with a Sponsored Personal Account.
  • Sponsor two types of Accounts: (1) an Account that the Business Account can access and control (e.g. travel expenses for a truck driver); and (2) an Account that is completely under the Personal Account Holder’s control into which the Business Account can make funds transfers.
  • Send payments instantly for less than the cost of preparing and sending checks or initiating bank wire transfers.
  • Accept payments from other UPayCard Business Account holders around the world.
  • Use UPayCard's multi-currency eWallets to securely make payments in currencies other than US Dollars.
Many businesses have a need to provide payments to groups of individuals who are employees, agents and/or contractors providing the business with contracted services. As the Business Account has a relationship with these individuals, the Business Account Holder can “sponsor” the individual for a UPayCard Sponsored Personal Account. The procedure is straightforward in that the Business Account can:
  • Set up Sponsored Personal Accounts one-at-a-time via an API with UPayCard; and/or
  • Set up a batch of Sponsored Personal Accounts by sending UPayCard a file of prospective Account Holders through a secure API.
The Business Account can dictate that the Sponsored Personal Account have a specific Username (e.g. “Bus00001” through “Bus99999”), or allow the Sponsored Personal Account Holder to choose their own Username. The Business Account can pay for the Sponsored Personal Account or require the Sponsored Account Holder to pay for their Account.
Sponsor Business Accounts can make one-at-a-time payments to their Sponsored Business Accounts or “mass-pay” a large number of Accounts at one time. One-at-a-time payments are made from the Business Accounts through access to the UPayCard web portal, or mass-pay through a secure API connection with UPayCard.
Obtaining a Business Account is a very straightforward process. The prospective business will:
  • Fill out the Business Application Form and provide the Know Your Customer due diligence that UPayCard is required to obtain.
  • Create a Business Account on our website.
  • Upon approval your Business Account will be created on the UPayCard system.
Your Business Account is protected from fraudulent access by a two factor sign on system. Your will be able to select a Username which will identity your Account. You will be able to select an Account Password which is the first factor that you must provide to sign on to your Account. You will be provided a UPayCard PIN code card that contains randomly selected six digit numbers, on of which you will need to provide when prompted.

Your Business Account funds are held in a bank in the United Kingdom in a ring-fenced Account so that they cannot be used for any other purpose than to meet your payment instructions and to pay UPayCard any associated fees.
A pro-forma table of setup fees and transaction costs will be provided to you upon request. These fees are tailored to your business type and to your projected monthly number of transactions and value volumes.
Approved Business Accounts with a high card demand, can have access to a Card Inventory Account, which allows the Business Account to obtain an inventory of unassigned virtual and/or physical Cards, and afterwards assign them to their employees, affiliates, customers.

In order to be eligible for a Card Inventory Account, the Business Account must order a minimum of 500 virtual and/or physical Cards. Once the Business Account makes the request, it must fund the Business Account with the required amount for covering Card purchase and setup fees and provide the UPayCard Account manager with the address where the bulk order should be delivered. Once the Business Account receives the 500 (or more) Cards, it gets the credentials for its Card Inventory Account and can commence assigning Cards to the desired Account Holders. (The Account Holders may have been previously created or may be created at the same time as the Cards are assigned).

Identification Requirements

UPayCard must know who our customers are. A potential business customer will be required to provide certain identifying information so that we may satisfy regulatory requirements.

This will include, but may not be limited to:

  • Your company’s organization documents including your company registration number, taxation identification numbers, business address and contact details;
  • Identification of all beneficial owners;
  • Products and services that your business sells,
  • Your URL(s);
  • Your Terms and Conditions and Privacy Policy;
  • Your return and refund policies (if applicable);
  • A description of your business

Funds Management

You can load your funds onto your Account through various methods. Included are wire transfers, Visa, MasterCard and China Union Pay. You can transfer funds from your eWallet Account in one currency to another currency, locking in an exchange rate.

Mobile Payment Services

UPayCard believes that mobile payment solutions are the wave of the future for an easy access to your Account no matter where you are. Our mobile payments solutions allow our Account Holders to use their mobile phones or tablets in order to access their Account on the website or do any kind of activities via SMS service:

  1. SMS Notifications
    • Receive SMS Text when your UPayCard Account receives funds
  2. SMS Requests
    • Request Account Balance
    • Request recent transactions on your UPayCard Account
For more information, you can download our Mobile Bank Usage Instructions once you log in on our website.

Customized Products and Services

We can customize our offering to fit your business needs should that be to pay thousands of individuals worldwide to paying and managing the expenses of key employees.

We continue to evolve and add new features that enhance the experience of our Business Account customers. We encourage input from our Business Accounts with ways to improve our products and services to meet their individual needs. We focus on developing new features that improve the Account Holder experience including convenience, flexibility, security, and cost effectiveness. Our fees and charges are customized for each Business Account and are dependent on your business need.

Contact a Personal Business Account Manager

Recognising the importance of your business to us, UPayCard assigns a Personal Business Account Manager to every Business Account. This individual will have direct responsibility for all aspects of your Account including all business and technical functionality. These individuals have extensive experience in dealing with key Business Accounts and have a comprehensive understanding of all of our products and services and how we might customize them to fit your needs.

You will be provided (this) with individual’s direct email address and telephone number and they are expected to be available 24 hours a day, 7 days a week.