Escrow and E-money: the intelligent way to move money
solarisBank Escrow and E-Money is an advanced, API-accessible system for settling and clearing thousands of transactions in real-time. Enabled by our German full banking license and e-money capabilities, Escrow and E-money fully addresses your business’ compliance concerns, and features various customizable components, serving a variety of business needs across industries.
Taking the pain out of compliance
Within the EU, custodianship of funds and money transfers of all kinds—Escrow, E-money, gift cards, crowdfunding—are governed by a s of regulations. The most prominent of these is the EU Payment Services Directive. These regulations limit the types of payment-related services your company can perform without the appropriate licensing.
solarisBank’s full banking license, issued in Germany, ensures regulatory compliance for all types of money transfers. More than an E-money license, it’s regulated by the German regulator, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and can be passported to countries throughout the EU, allowing your business to operate seamlessly across the continent.
This all happens in the background, of course. With solarisBank Escrow and E-Money, your business stays at the forefront. Your customers interact with your brand while Escrow and E-Money operates in the background to settle, clear, and transfer funds in real-time, ensuring security, safety, and compliance.
Complies with the EU Payment Services Directive, which requires appropriate licensing
Umbrella Banking License
Regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
Customer Identification powered by PostIdent and video identification providers