Faster, efficient business accounts

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Accounts

Payments

Card Issuing

Acquiring

What is PayMixPro

The digital payment solution for organisations looking for an effective and trustworthy transaction partner.

PayMix Pro is a faster, transparent and efficient way for businesses to transact. Offering an agile alternative to the classic business bank account. PayMix Pro is operated by Paymix Ltd., a fully MFSA licensed financial institution. Paymix Pro uses multiple pay out solutions and latest fin-tech ideas to enable quicker (at most times instant) movements of funds across currencies and borders. Due to it’s inherently transparent nature, transacting with a PayMix Pro account is safe, secure and trusted.

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Our decision making process

Open an account in:

5

No or Maybe

48

Maybe to a Yes

2

Account opened

Alternative to a Bank

Safe

Agile

Digital

Transparent

Approachable

Cheaper

Straightforward

Who are we

PayMix Pro is being operated by banking veterans with experiences in corporate banking, treasury and cross border payment industries.

Paymix Ltd. was formed in Malta and received its license from Malta Financial Services Authority in 2015.

The company went under restructuring during 2018 in order to provide multiple solutions across financial industry. It has been managed by banking veterans from different disciplines.

The company provides account, payments, card issuing / acquiring and KYC solutions under 3 brands (PaymixPro, Prospero, Veloxxa)

We’re here for those who play by the rules.

PaymixPro operates in highly regulated jurisdictions with distinct Business Risk lines mandated by the Board of Directors. All transactions are being monitored and scrutinized rigorously.

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Crafted by BRND WGN

Currency Conversion for Non-Euro Transactions (Applied Foreign Exchange Fees)

Currency Conversion for Non-Euro Transactions (Applied Foreign Exchange Fees)
When you enjoy using your Prospero Card outside of the eurozone, in some payment points you might be given the option to either pay in local currency or in EUR. This is a functionality developed by MasterCard for your convenience so you have a choice.
If you choose to pay in EUR, the currency exchange will be done by the local merchant bank against a fee.
If you choose to pay in a local currency, the exchange will be done by MasterCard against a mark-up over current market rates. Also, after the successful transaction, Paymix.pro will be charging an additional 3% FX (foreign transaction) fee on the settled amount.
If you are using this service in EEA (European Economic Area) the applied total mark-up percentages over ECB (European Central Bank) reference rate, including fees, are as below:

Please note that a 3% FX fee will be reflected on your statement as a Transaction Fee, while the remaining of the cost will be reflected in the FX rate with the EUR transaction amount.

For any other currency
You could calculate the EUR equivalent of your transaction from MasterCard Rates by entering below:

Transaction Currency	choose the local currency of the merchant
Amount	enter the purchase amount in local currency
Your Card Currency	choose EUR as your card currency
Bank Fee	enter 3%

MasterCard settlements usually transpire at T+1, meaning the conversion will happen a day after your transaction with the rates applied accordingly, so the fee might be slightly different than the one shown at the time of the transaction.

Mastercard Rates

How to use the The biometrical authenticator application

IF YOUR SMARTPHONE DOES NOT SUPPORT BIOMETRIC FEATURES: or you had never enabled biometric authentication through our mobile application, you authorize your online payments using an SMS one time password which sent to you everytime you make a online payment.

Initially, you will be prompted with the below screen to set your password for the first time. Your temporary password “Initial Static Password” is preset by us and it is the last 6 digits of your card.

You input your new password twice in the password boxes in the bottom and click SUBMIT.

You will receive an SMS that includes your one time password to your mobile phone. You may authorize the payment by inputting it in the box “OTP SMS”

IF YOUR SMARTPHONE SUPPORTS BIOMETRIC FEATURES and you had enabled our mobile application, you may still opt-out from biometric authentication by clicking the button “Authenticate with SMS instead” and authorize your payment using SMS OTP code.

Strong Customer Authentication (SCA) Process

e-Wallets

Login to your e-Wallet account is protected through the use of a password and the generation of a One Time Password which can either be conducted through the Google Authenticator application or alternatively can be generated at our end and sent via SMS.

Cards

Our card authentication is currently working on the generation of a one-time password model which is sent to your phone through SMS. However, this process is changing, and we are soon migrating onto the Paymix Authenticator App.

Minimising Disruption to Consumers

We are changing the way we authenticate transactions to further reduce fraud.

We are currently undergoing a transformation and will be soon migrating the current way how you login and approve transactions to a seamless and user friendly journey removing the dependence on Mobile service providers to deliver the One Time password through SMS.

With our new Paymix Authenticator App, you’ll no longer need to wait for the SMS containing the one-time password, you’ll be able to approve transactions directly using the biometric options available on your mobile phone.

Why are we changing?

These requirements are being introduced to provide a safer user experience and reduce fraud.

What does Strong Customer Authentication (SCA) mean?

The definition within PSD2 (European Union Payment Services Directive 2) classifies strong customer authentication (SCA) meaning as an authentication based on the use of two or more elements categorised as:

knowledge (something only the user knows), eg a secret code or a memorable question
possession (something only the user possesses) eg card, token
inherence (something the user is) eg a fingerprint

These need to be independent, meaning that the breach of one does not compromise the reliability of the others and is designed in such a way as to protect the confidentiality of the authentication data.

SCA has been introduced to help reduce fraud. With increasing amounts of purchases being made online, these processes will provide the extra protection necessary to ensure that customers are safe when purchasing online and their money is better protected.