Payset client funds are protected through a process known as safeguarding, wherein 100% of client funds are segregated from Payset's own funds.
How does safeguarding work?
Safeguarding is an essential way for EMIs like Payset to comply with regulatory requirements. Segregation of funds is one of two safeguarding methods available to EMIs under the applicable UK legislation.
Client funds are placed in a safeguarding account with an authorised bank in the UK or European Economic Area. In the event Payset becomes insolvent, your funds will be considered separate, and you will still have access to them. Your funds are never invested in any term deposits and are always available to you.
View our safeguarding statement.
For any clarification regarding our safeguarding policy, please contact us.
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