WHITECAPITALPayment Services Provider

How It Works

How WHITECAPITAL Works

WHITECAPITAL operates two separate service models with different contractual basis, transaction logic and documentation flow.

Merchant Payment Infrastructure

  • Merchant sells goods or services to customers.
  • Customer pays via SBP, QR, payment link or card.
  • Funds are credited to WHITECAPITAL’s account.
  • WHITECAPITAL records the transaction.
  • WHITECAPITAL settles with the merchant under agreed terms.

Documentation: merchant agreement, transaction register, order data, refund/dispute records.

Agency Services

  • Client instructs WHITECAPITAL to pay a foreign supplier.
  • Client provides invoice/order details.
  • WHITECAPITAL checks the transaction.
  • Client transfers funds under agency agreement.
  • WHITECAPITAL executes the instruction.
  • WHITECAPITAL provides an agent report.

Documentation: agency agreement, instruction, invoice/order, agent report.

Key difference

Merchant Payment Infrastructure is used when a merchant sells goods or services to its customers and receives payments through approved payment methods.

Agency Services are used when a client gives WHITECAPITAL a specific documented instruction to arrange payment to a foreign supplier.