General information Adyen (balance account)

General information Adyen (balance account)

When you start using Spend Cloud Cards, you will have a balance account with Adyen. To open a balance account, you can navigate through Spend Cloud (Application Management / Cash & Cards / Balance Accounts). Additionally, you transfer funds to this account. In Spend Cloud, you define the limits, ensuring that you cannot spend more than the balance in the account.

It's important to note that when using Spend Cloud Cards, the balance account with Adyen is managed by Visma | ProActive. You won't receive separate login credentials for this Adyen account. Relevant information from the payment platform is directly integrated into Spend Cloud. It's worth mentioning that Adyen is not a bank. To know more about the security of your funds, refer to the Adyen website.

Transferring Funds to the Adyen Account

When making transfers to an IBAN, you'll often encounter a check between the entered payee name and the IBAN. This IBAN Name Check is a collaboration among certain banks. Adyen is not part of this collaboration, so you might receive a notification that the name doesn't match the Adyen IBAN. Read the following article for more information about making transfers. You can only transfer funds from the specified IBAN number for the balance account.

Notes
At the moment, it's not possible to receive payments through Spend Cloud Cards.

Transaction Costs

Unlike bunq, Adyen doesn't charge transaction costs. However, this is separate from any transaction costs that the vendor might charge.

Blocked MCC Codes

Every vendor receiving electronic or card payments is categorized with a four-digit code called a Merchant Category Code (MCC). This code is also recorded for every transaction. Adyen, as a payment platform, excludes certain MCC codes for online and fysical payments due to higher risks. For some MCC codes, you can still pay, but with a maximum per transaction.

There's a small chance that a vendor has categorized themselves incorrectly, causing them to fall under a blocked MCC code, preventing you from making payments. Here's a list of MCC codes for vendors with increased risk:

MCCSupplier groupAllowedMaximum amount per transaction
4829Currency ExchangeNo
5094Jewelry, Watches, Precious Stones, MetalsYes€1.00
5933Pawn ShopsNo
5935Wrecking and Salvage YardsNo
5944Jewelry Stores, Watches, Clocks, and SilverwareYes€500
5971Art Dealers and GalleriesYes€1.00
5972Stamp and Coin StoresYes€500
6012Financial Institutions - Merchandise and ServicesNo
6513Real Estate Agents and ManagersYes€500
6540Stored Value Card Purchase (Primera)No
7800Government-Licensed Lotteries and CasinosNo
7801Government-Licensed Online CasinosNo
7802Government-Licensed Horse and Dog RacingNo
7995Betting, including Lottery Tickets, Casino Gaming Chips, Off-Track Betting, and WagersNo
8398Charitable and Social Service OrganizationsYes€150
8641Civic, Fraternal, and Social AssociationsYes€150
8651Political OrganizationsNo
8661Religious OrganizationsYes€150


Blocked Countries

Certain countries are considered too risky for payments. These blocked countries also apply to online shops. Below is a list of the currently blocked countries on the Adyen side:

Afghanistan
Cuba
Iran
North Korea
Myanmar
South Sudan
Syria

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