FAQ's

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Customer Support

Yes. We will issue you a GBP Account number and sort code which can be used for Faster Payments, integrating with online payment gateway and PDQ machines.

We are a distributor of PFS. Their issuer statement is displayed on our website. We will have our own branding on the Online Portal and prepaid Mastercards if issued.

No. At the moment to only issue GBP accounts.

Security & Terms

As an Electronic Money Institution authorised by the Financial Conduct Authority (FCA) in the United Kingdom Prepaid Financial Services has an obligation to Safeguard client funds under the Payment Services Regulations 2017 (PSRs 2017) and the Electronic Money Regulations 2011 (EMRs 2011).

There are terms and conditions which you need to agree to while signing up for the GBP Account opening.

Yes. We intend to providing the GBP Account facility to our CEBS or CS Remit clients only to start with. If you wish to subscribe to any of our products then please get in touch.

Yes. You should either be supervised by HMRC or regulated by FCA in the UK.

Pricing Support

Yes. There will be a one-off onboarding fee which will include compliance check on your company and all the Directors.

Yes, we charge a maximum of £250.00 as admin fee and rest of the onboarding fee is refunded if we fail to provide you with the GBP account.

Yes. There is monthly service charge and per transaction fee. Rate sheet will be provided to you and once you are happy then the onboarding process will start.