With CentralPay, independent retailers and franchisees can automate the prepaid management of the 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
Each member of the network and each prepaid media is associated with a CentralPay electronic money account. When these supports are purchased or used in your network, CentralPay’s Easy Wallet solution ensures :
CentralPay ensures the legal and technical compliance of the system with the ACPR by issuing the countervalue of your prepaid in electronic money.
Brands also benefit from the European passport, enabling them to extend their prepaid program to all franchisees, even those in other European countries.
The CentralPay platform can be fully integrated via API, enabling cash register or gift card solutions to easily manage operations, whatever the sales channel used.
For example, your customers can buy prepaid media in one store, use part of it in another and then use the remaining funds on your website.
All about CentralPay prepaid and gift card clearing 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).
