Prepaid Financial Services Launch Gold Payout Card with Karatbars

May 28, 2013, 09:12 ET from Prepaid Financial Services

LONDON, May 28, 2013 /PRNewswire/ --

- Affiliate Earnings on Gold Trading to be paid via White Label Prepaid Card Solution

Prepaid Financial Services, a leading provider of global prepaid solutions and a MasterCard® prepaid partner, is delighted to announce the launch of the Karatbars Prepaid MasterCard, in association with Karatbars International GmbH, a company that specialises in the sale of small gold bars and gift items in gold bullion.

Karatbars International uses an extensive network of affiliates who earn commissions through its referral programme. Commissions earned in connection with Gold trades can now be paid to affiliates instantly using the Karatbars prepaid card.

All Karatbars affiliates need to provide Know Your Customer (KYC) details when they register as an affiliate and hence, the prepaid card is issued to all affiliates automatically when they are accepted as an affiliate and have earned a minimum €35 commission.

Harold Seiz, CEO and Founder at Karatbars International GmbH, commented: "We are really happy to offer this great opportunity to our affiliates. With the Karatbars Prepaid MasterCard we have got a simple and easy way to payout commissions to our affiliates worldwide. Our affiliates are very happy to have the branded Karatbars Prepaid MasterCard because they have got great benefits with it. It is very easy to make payments with the card for the gold purchases and other Karatbars products. It is a fantastic opportunity for our business which grows every day and for our affiliates."

The Karatbars Prepaid MasterCard is available in EURO and USD. As a prepaid MasterCard, the card can be used online, in-store and over the phone at over 32 million locations as well as to make withdrawals at over 1.5 million ATM's across the globe, wherever you see the MasterCard Acceptance Mark.

Noel Moran, CEO of Prepaid Financial Services, stated "The Karatbars prepaid card has transformed the way that Karatbars pay their affiliates, distributors and partners. Prepaid payout cards provide considerable time and cost savings when compared with traditional payout mechanisms, such as bank transfers and cheques, and ensure that the Karatbars team spend more time working on their core business and less time administering affiliates. Our white label prepaid payout solution is simple, safe and efficient, and delivers a great alternative for any business making affiliate or distributor payments."

The Karatbars launch is the latest feather in the cap for global prepaid programme manager, Prepaid Financial Services, whowere recently voted as the "Breakout Company of the Year" in the 2013 Paybefore Awards Europe.

The Karatbars Prepaid MasterCard Card is issued by IDT Financial Services Limited pursuant to a license from MasterCard International Incorporated. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. IDT Financial Services Limited is a regulated bank, licensed by the Financial Services Commission, Gibraltar.  Registered Office: 57-63 Line Wall Road, Gibraltar. Registered No. 95716.

For more information, go to http://www.prepaidfinancialservices.com

Notes to Editors

Prepaid Financial Services (PFS) Ltd. is a multi-award winning global prepaid programme manager, e-money Issuer and a MasterCard® prepaid partner, operating out of the UK. PFS is authorised and regulated as an e-money issuer by the Financial Conduct Authority (FCA) in the UK and have passported our e-money license across the SEPA region to enable card issuance in up to 32 countries.

In addition to programme management and issuance, PFS also offer BIN sponsorship and processing services for entities running or planning to run prepaid programmes globally.

PFS manage multiple programme's processing millions of transactions every week and our products are utilised by Governments, Local Authorities, blue chip corporations, SME's and individual consumers utilising our cutting edge, secure technology.

Since our launch in 2008, PFS has rapidly established itself as a trusted, dependable and credible prepaid provider to a range of clients across the globe.

You can follow us on Twitter and Facebook at @prepaidfs and prepaidfs.

For more information, go to http://www.prepaidfinancialservices.com or call +44-(0)207-125-0321.

About Karatbars International GmbH

Karatbars International was founded in 2011. The company specializes in the sale of small gold bars and gift items in gold bullion.

The headquarters and the logistics center of the company is located in Stuttgart. It is responsible for the support, marketing, customer and partner communication, execution and delivery of orders. Headquarter also co-ordinates the launch of new countries throughout Europe.

Karatbars International offers its customers several storage options:

  • Storage Prosegur (free) - Frankfurt Neu-Isenburg
  • Storage Switzerland (charged)
  • Storage Singapore (charged)

Deliveries in smaller quantities are packaged under video surveillance at the home of Karatbars International and shipped via FedEx daily.

For more information, go to http://www.karatbars.com

SOURCE Prepaid Financial Services