Viva Wallet offers 0% acquiring fee to all European retail merchants

Viva Wallet, an official sponsor at Money 20/20 Europe, announced today an offer of 0% acquiring fee available from July 2, 2018. Retail merchants who use Viva Wallet acquiring services to accept European MasterCard and Visa cards, will benefit from a 0% acquiring fee when they use their Viva Wallet business cards to utilise their funds.

The new offer applies both to card-not-present (e-commerce) transactions as well as to card-present transactions via Viva Wallet’s card terminals. To complement the offer, Viva Wallet introduced its innovative Android™ card terminal by PAX global technology at Money 20/20, which accepts a wide range of alternative payment methods and local closed-loop card schemes.

Dr Yannis Larios, Business Development Director at Viva Wallet, says: “We always strive to combine our top-notch cloud-based processing infrastructure and our principal membership for acquiring and issuing services, to benefit our merchant base in Europe. Today, we give our retail merchants the unique opportunity to have zero charges for all their Visa and MasterCard transactions, which are made by European consumers, when they use their funds through our business debit cards.”

About Viva Wallet: Viva Wallet provides innovative acquiring and issuing services to businesses of any size, based on their individual needs. The company was founded in 2010 and has presence in the UK, Belgium, Romania, Greece, Cyprus. It is an entirely cloud-based licensed e-money institution for the provision of payment services in the 31 countries of the European Economic Area (EEA-31) and Principal Member of MasterCard and Visa for issuing and acquiring and a partner to leading global companies, such as Microsoft, Alipay, and PAX.