Key Data

• Trading Name: PayCenter
• Legal Entity: PayCenter GmbH
• Activities: German EMI
• Location: Germany
• Regulations: BaFin
• Key People: Bertram Eisele und Günther Hofmann

PayCenter is a German e-money institution that offers its customers banking solutions for various situations. These include accounts for private and business customers. The core activity is the issuing of prepaid cards. Here PayCenter concentrates on cooperation with MasterCard.

Offering

In cooperation with MasterCard, PayCenter offers a prepaid card that does not require a SCHUFA or credit check. The provider wants to give its customers access to this means of payment. The cards only work after they have been topped up; the credit balance principle is used here for security. The virtual credit card can also be used in online business.

They offer:

• P-account
• girocard
• Account without SCHUFA
• Basic account
• Online account
• Prepaid Debit Mastercard
• Business account
• Benefits in kind card

Regulation

The company, based in Freising in Upper Bavaria, was founded in 2011 and has held a BaFin license to operate its own bank sort code since 2012. Since the end of 2012, PayCetner has taken over the prepaid debit card business of Schwäbische Bank.

People

• Bertram Eisele
• Günther Hofmann

Costumer Review

Trustpilot: 2,4 Stars with 20+ Reviews

Google: 4,7 Stars with 1700+ Reviews

Conclusion

From a compliance point of view, all the necessary information is provided and we therefore rate them GREEN.