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Where other payment providers charge upwards of 2% for online and in-store transactions, Viva Wallet is revolutionising the way payment transactions happen across Europe. Using their winning bundle, it’s possible for businesses to get the cost of accepting payments in either their physical or their online stores down to 0%.

How Viva Wallet Beats the Competition on Price

This is where it gets interesting! One of the main challenges for retailers is high, often difficult to understand, acquiring fees. In a comparison between Viva Wallet and two of the most common online payment gateways (PayPal and Stripe) it becomes clear quite quickly that the combination of lower costs and additional benefits that Viva Wallet offers far outstrips the competition. Neither Stripe nor PayPal offers the benefits of Viva Wallet, and they’re also expensive.

As long as you use Viva Wallet card to pay for your business expenses you will get a cashback for the same amount paid into your account at the end of the month effectively setting your acquiring fees to zero.

An Introduction to Viva Wallet

Viva Wallet is the first European payment service provider that is 100% cloud-based. They’re licensed to take Visa, Mastercard and American Express payments, as well as over 24 other payment methods including UnionPay.

Their state-of-the-art payments platform is supported by the company’s strong technical background as the company has been been involved in the development of transaction-based applications for banks and financial institutions for over 20 years.

With over 100,000 customers in the UK, France, Italy, Spain, Portugal, Belgium, Greece, Cyprus, Poland and Romania, transacting in multiple time zones and currencies, Viva Wallet is uniquely positioned to take the European market by storm.

The benefits of using Viva Wallet:

  • Make it simple for businesses to receive payments both online and in physical stores
  • Open online merchant accounts and issue company debit cards
  • Offer next-day settlements, where funds are available in the business’s Viva Wallet account the next working day and can be forwarded to any bank account in the UK
  • Offer simple, transparent pricing
  • Accept mobile payments from Apple Pay, Google Pay & Alipay

What Makes Viva Wallet Different?

Viva Wallet is much more than just a payment processing company. It’s an end-to-end solution for e-commerce and in-store transactions, offering 0% acquiring fees and business debit cards for corporate expenses.

Many businesses face the challenge of a complicated onboarding processes and high fees. With Viva Wallet, these concerns are a thing of the past. Card machines can be ordered online and can be activated instantly. Merchant registration is fully electronic, allowing merchants to open a business account and begin accepting payments the same day. Card terminals accept most local and international cards, as well as a number of other alternative payment methods.

For E-Commerce Transactions:

Businesses just need to open a business account online, no waiting time, no delays. They can then use Viva Wallet’s plugins and developer docs to create checkout pages, and easily integrate the Viva Wallet gateway for a site. With Viva Wallet, businesses get next-day settlement, 3D secure checkout, and powerful reporting dashboards. Businesses also get a full view of their account balance, incoming and outgoing transactions, payment notifications and can easily create recurring payments or subscriptions.

With Viva Wallet, businesses get daily payouts, and money from online sales is cleared daily into the merchant account. Viva Wallet also helps with compliance as their integrations increase security and limit PCI scope.

For In-Store Transactions:

Businesses simply need to open a Viva Wallet merchant account and order a card machine that comes with a free company debit card. After that, the business just needs to activate the Viva Wallet account, and within five minutes, the account will be fully operational and able to accept payments. There are a number of different payment terminal options available to match the needs of the business.

How Viva Wallet Beats the Competition on Price

This is where it gets interesting! One of the main challenges for retailers is high, often difficult to understand, acquiring fees. In a comparison between Viva Wallet and two of the most common online payment gateways (PayPal and Stripe) it becomes clear quite quickly that the combination of lower costs and additional benefits that Viva Wallet offers far outstrips the competition. Neither Stripe nor PayPal offers the benefits of Viva Wallet, and they’re also expensive.

As long as you use Viva Wallet card to pay for your business expenses you will get a cashback for the same amount paid into your account at the end of the month effectively setting your acquiring fees to zero.

Let’s look at the details; transaction fees for Stripe and PayPal Compared to Viva Wallet.

Online Payments:

Stripe: No setup fees, no monthly fees. Fee per successful transaction: 1.4% + 20p.

PayPal: No set up fees, no monthly fees. Fee per successful transaction: From 3.4% to as low as 1.9% plus 20p.

Viva: 0% acceptance fees as long you use Viva Wallet card to pay for your business expenses*

Debit Cards:

Stripe: Not available.

PayPal: No monthly fee, no foreign exchange fees, £1 per withdrawal from any ATM worldwide and 0.5% cash back on debit transactions.

Viva Wallet: Free card, free in-store transactions, free internet transactions.

How to Qualify for 0% Acceptance Fees with Viva Wallet

Viva Wallet’s revolutionary approach to card payments addresses the challenge of high acquiring fees for retailers with a uniquely competitive solution that offers:

Reduced sign-up complexity, they’ve made it possible to open a bank account in five minutes, making it easy to manage your business’s finances efficiently.
Streamlined acquiring, a complete solution for accepting payments both online and in-store.

Simplifies company expense management, with a Viva Wallet issued debit card.

To do this they combine a card machine or a payment gateway with a business account and company business card – this is a winning bundle which makes them different from the others.

So, to qualify for 0% acquiring fees, the business needs to pay for corporate expenses with the Viva company debit card.

To get started with earning cashback on your card acceptance fees, your company will need to:

1.) Open a Viva Wallet Account, then order a Viva Wallet card machine which comes with a free debit card.

2.) Activate the card terminal (for in-store solutions) or payment gateway (for online stores) and you’ll be able to start accepting payments in five minutes.

3.) Pay for business expenses with your Viva Wallet debit card.

4.) Earn cash back and zero your acquiring fees. The more expenses you pay using your Viva Wallet debit card, the less acquiring fees you’ll need to pay at the end of the month.

Merchants that use their debit card on a regular basis can completely eliminate acquiring fees, effectively setting card payment acceptance fees to 0%. And they can do this risk-free by buying a card terminal or choosing a pay monthly option.

Viva Wallet is a principal member of Visa and MasterCard and offers bank-grade security when it comes to transaction processing. It is also a financial institution regulated by the Financial Conduct Authority in the UK so this provides extra peace of mind to their merchants and customers.

They also offer 24/7 Customer Support and are always there for you when you’ve got any questions.

If you’re looking for the most affordable, innovative payment solution for your business, whether you transact in-person or online in Europe; Viva Wallet is the best solution for your business. With 0% acquisition fees for both in-store and online purchases and a host other benefits including in-depth reporting, next-day settlement and much more; they beat the competition hands down.

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