![]() ![]() In this process Paynetics keeps your money separate from its own money and place it in a safeguarding account with a Bank.Įlectronic Money issued is not covered by any Deposit Guarantee Scheme which is a government backed scheme offering protection to customers' funds of up to € 100,000 (£ 85,000 in the UK under the FSCS) per customer. ![]() To ensure your funds are safe Paynetics follow a process known as 'safeguarding' which is a regulatory requirement for all EMIs. The Payment account and Mastercard cards are issued by Paynetics AD (via Paystratus Group Ltd, a Technical Provider of Paynetics AD) with company address 76A James Bourchier Blvd, 1407 Sofia, Bulgaria, company registration number 131574695 and VAT BG131574695, pursuant to license by Mastercard International Incorporated and Bulgarian National Bank. ![]()
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