Tipalti B.V. (Netherlands) is an electronic money institution authorized and regulated by the De Nederlandsche Bank. Tipalti is focused on providing payment processing platform.
13 August 2024, by Anna Mileiko
TheBanks.eu has developed a proprietary methodology to assign ratings to payment institutions based on their operating environment, company background, business model, market niche, product range, transparency, customer support and customer sentiment. According to the methodology, Tipalti B.V. is assigned the overall rating 1.48 (bad) which is explained in details below.
Operating Environment | Friendly | (4.06) |
Product Range | Narrow | (1.54) |
Market Niche | Very Narrow | (1.54) |
Company Background | Poor | (1.75) |
Customer Support | Bad | (1.16) |
Customer Sentiment | n/a | |
Transparency | Very Low | (1.16) |
Overall Rating | Bad | (1.48) |
---|
TheBanks.eu has also identified the following pros and cons of the company:
Tipalti do not conduct operations with cryptocurrencies.
Tipalti B.V. is authorized by the De Nederlandsche Bank as a e-money institution (reference number R185924) for execution of payment transactions on a payment account (not covered by a credit line), issuing payment instruments or acquiring payment transactions, money remittance; the authorization was granted on 26 October 2023.
Tipalti B.V. is not a bank, it can't collect deposits from public or loan out its clients’ money. Hence, it does not have to participate in deposit guarantee schemes. However, Tipalti is required to safeguard its customers’ money.
Due to EEA passport rules Tipalti B.V., can conduct its activities in any of the 30 EEA member states. Tipalti B.V. can provide its services toUK-based customers via Tipalti Europe Ltd (United Kingdom).