Machina+Partners
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Contract
Payment provider agreement and CBB position
The contract with the payment provider and a written view on whether holding shopper funds needs a licence.
Why we need it
If Machina+ collects at checkout and pays stores later, we may be providing a payment service. That is regulated by the Central Bank of Bahrain.
What it must cover
- 01Chosen provider and its licence
- 02Flow of funds and who holds them
- 03Chargebacks
- 04Settlement timing
- 05Written opinion on CBB licensing
Rules it answers to
- Central Bank of Bahrain rulebook, payment services and stored value
Still open
- Provider not yet chosen
- Legal opinion needed
Placeholder
This page holds the brief, not the document. When the document is written it replaces this page and the row in the directory turns green. Questions go to partners@machinaplus.com.