Payment gateway and card processing for Web3 and token projects with a Georgian company

Xavion prepares your Georgian Web3 project for payment gateway and card processing by first reviewing your checkout experience, target markets, and preferred payment method mix. We then match your business with gateway solutions that integrate effectively with the acquiring and alternative payment method providers accessible to your Georgian entity. This includes defining the integration scope, 3-D Secure implementation, and fraud tooling. Our team coordinates the onboarding file submission, technical go-live, and strategic routing plans to ensure resilience against single points of failure. We focus on showcasing your project’s compliance with Georgian VASP regulations and token legal opinions to underwriters.

Underwriters and compliance teams assessing Georgian Web3 and token projects will scrutinise several key areas. They review the integration method and PCI scope, along with all traffic sources and marketing claims to ensure transparency and regulatory adherence. Transaction descriptors are checked for clarity, and fraud controls, including 3-D Secure usage, are assessed for robustness. Critical to this process is a deep dive into the project’s target markets and its approach to token classification. They will require a clear legal opinion on your token and evidence of any necessary VASP registration in Georgia, alongside transparent treasury wallet histories and comprehensive team KYC.

Operating a Web3 project through a Georgian entity significantly influences payment gateway arrangements. The National Bank of Georgia regulates VASPs, meaning projects offering custody or exchange services must be registered, impacting compliance checks. While entities like LLCs can be registered quickly, establishing a local director or regular presence strengthens bank and payment provider relationships, especially for higher volume transactions. Underwriters will specifically assess the substance of your Georgian operation. Furthermore, the availability of GEL, USD, and EUR as operating currencies provides flexibility, but banks are increasing scrutiny on crypto-related flows. We guide you through the specific documentation requirements for your Georgian legal structure.

Payment gateway applications for Georgian Web3 projects are often declined due to insufficient documentation regarding token classification or a lack of VASP registration where required. Ambiguity around the source of treasury funds or an incomplete team KYC profile are also major red flags. By meticulously preparing the file, including a robust token legal opinion, clear treasury wallet addresses, and full team KYC, we proactively address underwriter concerns. We also ensure your Georgian entity demonstrates necessary substance and compliance with local regulatory frameworks, mitigating risks associated with anonymous controllers or unregistered securities offerings, which Xavion will not support. We only present lawful and licensed profiles.

Once acquiring relationships are established, securing a payment gateway for a Georgian Web3 project typically takes between one to four weeks. The onboarding process involves submitting a comprehensive file, including all necessary legal opinions, VASP registrations, and KYC documents for your Georgian entity. After technical integration, our focus shifts to ensuring your gateway remains live and operational. This involves ongoing monitoring of transaction descriptors, fraud controls, and adherence to target market policies. We advise on maintaining transparent treasury operations and consistent regulatory compliance to prevent unexpected account reviews or closures from international payment providers and domestic banks.