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🔗 Before/After: what's changed regarding Spendesk/your Visa Business Premium cards?
🔗 Before/After: what's changed regarding Spendesk/your Visa Business Premium cards?

Due to the change of banking partner, some details/information regarding Spendesk and cards have changed (mostly for the better)😊!

Updated over 7 months ago

This article is part of a collection of articles regarding your free upgrade to an improved Spendesk (Spendesk Financial Services).

Have a look below for more info:

Before

After

Payment Institution License

Okali

Spendesk Financial Services

Card scheme and processing

Scheme: Mastercard

Card Processor: FIS

Money Transfer Connections: Arkea

Segregated Accounts: Arkea

Core Banking System: Bankable

Scheme: Visa

Card Processor: Marqeta

Money Transfer Connections: BPCE

Segregated Accounts: Natixis

Core Banking System: Spendesk Financial Services

Risk policy

Geographies: EEA (excluding Estonia, Cyprus, Slovenia, Iceland and Liechtenstein), UK

Industries: Some prohibited industries

Risk Assessment: the overall risk assessment is determined by the highest of 4 triggers: industry, legal form, shareholding structure, presence of politically exposed person (PEP).

Geographies: EEA only

Industries: case-by-case by Compliance

Risk Assessment: smoother process with no discriminating factors (TBC)

KYC/Trial

KYC flow with our banking partner.

10k trial available for low-risk clients.

KYC flow with our banking partner.

No trial is available.

T&Cs Signature

Electronic signature

Manual signature possible

In-app checkbox

Top-up

Stripe

SEPA wire transfer

SEPA wire transfer

Instant SEPA (not on weekends nor public holidays)

Account Statements

Current Month (M) data and balance are displayed

No current month (M) data or balance is displayed

Month M-1 data/balance is displayed and exportable

Daily account statement available for daily transactions

Currencies & geographies

Any geography

EUR, GBP, USD, NOK, SEK, DKK accounts

European Economic Area (EEA)

EUR (SEPA only)

No other currency nor geography for now

Card Types

Mastercard Business

Visa Business Premium

Card limits

Subscription cards

Valid for 4 years

Valid for 2 years

Card shipping

1-3 weeks

2-3 business days + shipping

Card tracking

Shipping Status available for Spendesk workers

Shipping fulfillment status (ordered, rejected, shipped, not delivered) available

Tracking Number available

Pay with a physical card

Wherever Mastercard is accepted

Wherever Visa is accepted

Funds held

Natixis

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