king

Prepaid Card Scheme

king is a trading name of Card Compact Ltd (PC42 Profile), a UK-based company acting as a Member Service Provider (MSP ISO) for MasterCard International with the number 14275. king offers prepaid and credit card programs and enables merchants, associations, or clubs to create their own prepaid or credit cards.

The company was founded in 2011 by Colin Greaves, who also is one of the company’s directors besides the Austrian Anton Herzog.

The cards are issued by PSI-Pay Ltd pursuant to a license by Mastercard® International Incorporated. The e-money associated with the cards issued by IPS Solutions Ltd d/b/a ecoPayz (PC42 profile), is authorized and regulated by the Central Bank of Cyprus under the Electronic Money Law 2012.

On the Internet, the company advertises that it offers “Schufa-free” credit and Mastercard credit cards. In reality, however, consumers do either not receive any cards, or, alternatively, very often prepaid cards that come with significant costs.

We strongly advise you to stay away from the company and therefore downgrade the company to red.

1 review

  1. Quick delivery, fair costs,

    I have ordered the so-called new kingcard and have received it within a week. After downloading the app and activated the card I topped it up, which took one business day. So far my card has been accepted everywhere.

    I also got in touch with their customer support asking for Apple and Google Pay, they said this is in progress and will be launched in 2023. This really makes sense, without this feature I cannot give 5 stars.

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Jurisdiction

United Kingdom, Cyprus

Legal Entities

Card Compact Ltd
PSI-Pay Ltd
IPS Solutions Ltd

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