Advice relating to online payments solutions

djpix99

I have a new business idea relating to online payments, but in wondering if anyone has any suggestions to the below:

1. Are there any payment providers out there where a customer can make a payment/transfer where only a fee goes to the company/retailer(my companies business account/online wallet) and the remaining amount goes to someones bank account/online wallet(different person each time)? I'm ideally looking at a solution where the payment/transfer doesn't have to go into a company account to then be sent onward to another bank account/wallet.

2. I know Paypal offer a continuous/recurring payment option, but does anyone know if Paypal or another provider has a solution where you can request a different payment amount from each customer and over a different term?

p.s. I'm not looking for a route to avoid tax/launder money, i'm just trying to figure out a solution that means that I would not have customers money held in a business account, which would then mean that I would need some form authorisation from the FCA.

Mistral001

You seem to be looking for a way of setting up a client account but looks like something else. I think you might have problems.

djpix99

I suspect there is no easy solution to my problem and I will just have to investigate what is required for having a client funds account, which from initial research would be an e-money licence. I was just hoping and will continue to research a way around this as it adds a long wait and lots of hoops to jump through with the FCA for a 1 man start-up business.

Savvy_Sue

Yes, but rightly or wrongly, if I was using your one man start up business, I'd be quite pleased to know that if you were holding my money, you were holding it 'properly', ie meeting all the normal requirements of a client fund ...