e payments system - where to find more details

e payments system - where to find more details

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We met with a technology company yesterday that wants to set up their own e payments system for receiving online payments (and not use Paypal and the others).

This option is required to make costs reasonable when handling multiple millions of small value transactions.

We understand that the cost of registration is high (by small business standards) and we also understand that registration and running such a system in the UK is regulated by the FCA.

However we are struggling to find clear details of what's required and how to register and set up the system. We've seen reference to OBeP but cannot find clear details of requirements in the UK.

Can anyone point to where the details can be found please?

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By miketwitty
07th Apr 2016 09:35

e payments

Not sure really, but might be worth having a chat with the web developer.  If they are experienced in developing ecommerce websites they should surely know.

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