The operator of Viva Wallet is a Greek company licensed with electronic money institutions
Viva Wallet, which has just started operating on the Polish market and in several other countries, including in Great Britain, Romania, Portugal, Belgium or Cyprus, it is a Greek company which has a license of electronic money institutions issued by its financial supervision. Its services primarily include a payment terminal that you can rent or buy as well as an online payment gateway.
Company representatives declare that registration and activation of services can be done independently and remotely in a few minutes. Another advantage of the offer is to be a quick transaction booking process, i.e. the amounts from accepted payments are to be available to merchants at midnight on the same day when the transactions were completed. Viva Wallet allows you to accept payments by Mastercard, Visa, American Express, as well as organizations such as Union Pay or, according to the declaration of Viva Wallet representatives for the first time in Poland, using Alipay payments.
Interestingly, Viva Wallet combines acceptance with a payment account, to which it issues a company Mastercard. With its help, you can spend funds from payments received through a terminal or online gateway. Active use of the card is rewarded with a moneyback, allowing you to reduce or even get rid of all the costs associated with accepting payments. This option applies to companies that will spend all of their revenues using Viva Wallet using the company's card. The use of plastic is free as standard.
As I mentioned above, the terminals offered by Viva Wallet can be bought on own property. For example, a pocket mPOS with GSM connectivity, i.e. one that does not have to connect to the smartphone application, costs around 700 PLN. The same device in the subscription option costs less than PLN 30 a month. On the other hand, the amount of commission on a transaction depends on many factors, e.g. the amount of the transaction, the card used to make the payment, etc. Standard for Mastercard and Visa cards for payments below PLN 30, it is 1.1 percent. in the terminal and 1.2 percent plus 24 pennies for online payments.
However, as representatives of Viva Wallet emphasize, these are starting rates that can be negotiable in certain situations. - We are open to talks with any entity wishing to reduce the costs associated with accepting non-cash payments as part of their business. I am convinced that the Viva Wallet offer will be well received by customers and we will propose an interesting solution - says Yannis Kavaklis, head of Viva Wallet in Poland.