Are you burning through plastic debit and credit cards?
American Express offers a program called vPayment (Virtual Payments) which allows you to create an unlimited amount of virtual supplementary cards. Each card has a unique card number, expiry date, CVV code, and customizable address. Card is active and ready for use in seconds. Run an unlimited amount of cards at any given time. Earn AMEX Points on every transaction.
Requirements for Approval:
Canadian Corporation - $2M annual revenues, 2 years in business
USA Corporation - $4M annual revenues, 2 years in business
https://business.americanexpress.com...tions/vpayment
Direct message me for more details.
Lol, you work for AMEX and posting a topic on STM? Pls tell me it’s true haha.
Yup, l work out of Toronto and can work with legally registered Canadian corporations, but I can connect you to somebody else who manages US corporations.
We have a referral program too, so if you have a business you can refer me other businesses and get paid for that.
This product has been successful in the affiliate industry at high scales but it's poorly advertised by AMEX so I'm trying to get the word out.
Looking for people who spend...
Virtual cards or VCC's have an extremely high rejection rate FB/Google. Appears that's what these are? Would be evident in the BIN number lookup.
I can vouch for this service, using it for like 2 years now. Works like a charm....
This is a great point.
The vPayment program takes your plastic card, and allows you to "tokenize" it, so the BIN numbers on the virtual cards (the first six digits) are the exact same as the plastic card. The rest of the digits are all unique. Google and Facebook can not see that you are using a virtual card. All they can see is cardnumber, CVV code, and expiry date.
vPayment was designed to provide cardholders security. The merchant can not see the card is virtual, and they also can't see the cardholder name or business name associated with the plastic or virtual card.
The largest account at AMEX Canada right now is spending 1.5M USD per month using vPayment with mostly Facebook, also Google. They have been running for 9 months with no issue. They have had hundreds of cards shut down, and are able to fire up new ones and spend with no issues.
I'm happy to answer any other questions regarding the product. I wouldn't had advertised this if it wasn't working. I earn commission when transactions are approved, so if you can't spend, then I don't make money off this either.
Annual Program Fees:
CAD Card = $145 (Basic) or $499 (Platinum)
USD Card = $125 (Basic) or $395 (Platinum)
Cost to create Virtual Cards = $0, unlimited
I actually signed up by myself on extend, however they charge 0.5% for what you use. are these prices directly with you only? my us corp doesn't do over 4m revenue a year.
Hey @maxamex please get me setup with a US rep also.
Do you have any solutions for a newly formed US LLC?
Do you have any solutions for a newly formed US LLC?
Yes there are solutions for newly formed US corporations. Please send me a direct message with business details and contact info and I can put you in touch with a US rep.
any chance to get an EU company on it as well?
Also interested for Non US/CA/EU companies. Please hit me up if there's a way to get access.