Streamflow SA Fillit+ UK Corporate Aggregated T&C’s


1 Terms and Conditions for Corporates

2 Terms and Conditions for Cardholders



Valid as of 1st January 2021


This Agreement: This Agreement is with PayrNet Limited, a company incorporated in England and Wales (company number: 09883437) with its head office at "PayrNet, WeWork, 3 Waterhouse Square, 138 Holborn, London, EC1N 2SW, UK" and registered office at "Kemp House, 152 City Road, London, United Kingdom, EC1V 2NX" (hereinafter referred to in this Agreement as “Payrnet, we us”). We are an Electronic Money Institution (“EMI”) and are authorised by the Financial Conduct Authority under the Electronic Money Regulations 201 (“EMR 2011) (register reference 900594) for the issuing of electronic money.

Our relationship with Streamflow EAD: As an EMI, we have appointed Streamflow EAD as an EMD Agent. An EMD Agent means a person who provides payment services on behalf of an electronic money institution (as defined in the EMR 2011). As our EMD Agent, [name of customer] is authorised to provide associated payment services alongside our e-money account services.



1.1. Interpreting this Agreement. In order to easily understand the terms of this Agreement, please first refer to clause 3 which, amongst other things, sets out the meaning of capitalised terms used in this Agreement.

1.2. Why you should read it? Please read this Agreement carefully before you agree to it, as its terms apply to the services provided by us. The Agreement explains many of your responsibilities to us and our responsibilities to you, how and when this Agreement can be terminated and the extent of our liability to you. If there are any terms that you do not understand or do not wish to agree to, please contact us. You should only complete the sign-on procedures and agree to the terms of this Agreement if you agree to be bound by this Agreement.

1.3 Are you a Micro-Enterprise or Charity or Consumer? For the avoidance of doubt, these terms and conditions are not intended for Micro Enterprises or Charities or Consumers (individuals acting for a purpose other than a trade, business or profession).


2.1. Who we are. We are PayrNet Limited, an EMI as described above.

2.2. Communications between us are to be in English. This Agreement is concluded in England and all communications between you and us shall be in English only.2.3. How to contact us. All queries should be directed towards the [customer]. You can contact the Streamflow EAD using the email

2.4. How we may contact you. If we have to contact you, we will do so as follows: in the first instance via the Streamflow EAD except in urgent cases. If we have not been able to contact you through the Streamflow EAD or if the matter is urgent we will contact you by writing to you at the email address(es), you provided when agreeing to this Agreement or by using any other contact details you have provided to us or have used in communications with us or with the Streamflow EAD.

2.5. Writing includes emails. When we use the words writing or written in this Agreement, this includes emails.

2.6. Some of the services we provide are subject to the Payment Services Regulations 2017. The Regulations regulate how Payments must be transmitted and provide protection for the clients of authorised payment institutions and electronic money institutions.


3.1. The definitions set out in this clause apply in this Agreement as follows:

Agreement means this agreement and the privacy policy.

Business Day means a day when the clearing banks in London are open for business, excluding Saturdays, Sundays and public holidays in England.

“Durable Medium” means an instrument which enables you to store information addressed personally to you in a way accessible for future reference for a period of time adequate for the purposes of the information and which allows the unchanged reproduction of the information stored.

Electronic Money means electronically stored monetary value as represented by a claim against us. Regulations means the Payment Services Regulations 2017 (SI 2017 No. 752).

Safeguarded Account means the bank account(s) belonging to us, which are separate to our own office bank accounts, into which we will receive money from you, or on your behalf, in return for the issuance of Electronic Money.

Services means the e-money account services.

3.2. Clause headings shall not affect the interpretation of this Agreement and references to clauses are to the clauses of this Agreement.

3.3. Any words following the terms including, include, in particular, for example or any similar expression shall be construed as illustrative and shall not limit the sense of the words, description, definition, phrase or term preceding those terms.

3.4. Unless the context otherwise requires, words in the singular shall include the plural and in the plural shall include the singular.

3.5. A reference to a statute or statutory provision is a reference to it as amended, extended or re-enacted from time to time and reference to a statute or statutory provision shall include all subordinate legislation made from time to time.


4.1. How can you agree to this Agreement? You can agree to this Agreement by checking the boxonline confirming that you agree to same, or by otherwise confirming your agreement to same or availing of the Services.

4.2. When will you become a client of ours? You will be bound by this Agreement once you have agreed to it as set out above and this Agreement shall remain in force until terminated in accordance with its terms.


5.1. As part of the Services, we shall issue you with Electronic Money upon receipt of money from you or a third party on your behalf, store your Electronic Money and redeem Electronic Money both on your express instruction and in accordance with this Agreement and the agreement of the Streamflow EAD.

5.2. Our Services do not include the provision of advice. We do not offer advice under this Agreement on any matter including (without limit) the merits or otherwise of any currency transactions, on taxation, or markets.


6.1. For the avoidance of doubt, this section is only applicable for unregulated entities and Small Payment Institutions (SPI).

6.2. Where we receive money from you or on your behalf, this money will be held by us in the relevant Safeguarded Account in exchange for the issuance by us to you of Electronic Money. Your funds will not be used by us for any other purpose and in the unlikely event that we become insolvent, your e-money is protected in an EEA-authorised credit institution or the Bank of England.

6.3. When we issue you with Electronic Money, us holding the funds corresponding to the Electronic Money is not the same as a Bank holding your money in that (i) we cannot and will not use the funds to invest or lend to other persons or entities; (ii) the Electronic Money will not accrue interest; and (iii) the Electronic Money is not a deposit and is therefore not covered by the Financial Services Compensation Scheme but it is held by us and protected in the relevant Safeguarded Account.

6.4. You may hold  Electronic Money and we may hold funds corresponding to your Electronic Money indefinitely. However, if we hold Electronic Money for you for more than two years without any activity on the account, we shall use reasonable endeavours to contact you to redeem the Electronic Money and return the corresponding funds to you. If we are unable to contact you, we may redeem the Electronic Money and send the corresponding funds, less any of our costs incurred, to the last known bank account we have on file for you.

6.5. We accept no responsibility in the event that you send money to the incorrect account.

6.6. We do not accept cash or cheques. We accept monies via a variety of methods of electronic funds transfer to our bank account, the details of which we shall provide to you upon request.


7.1. Where we and another person (such as a payment services provider) are liable to you in respect of the same matter or item, you agree that our liability to you will not be increased by any limitation of liability you have agreed with that other person or because of your inability torecover from that other person beyond what our liability would have been had no such limitation been agreed and/or if that other person had paid his or its share.

7.2. Where any loss, liability, cost or expense (a Loss) is suffered by you for which we would otherwise be jointly and severally or jointly liable with any third party or third parties, the extent to which such Loss shall be recoverable by you from us (as opposed to any third parties) shall be limited so as to be in proportion to the aggregate of our contribution to the overall fault for such Loss, as agreed between all of the relevant parties or, in the absence of agreement, as determined by a court of competent jurisdiction. For the purposes of assessing the contribution to the Loss in question of any third party for the purposes of this clause, no account shall be taken of any limit imposed or agreed on the amount of liability of such third party by any agreement (including any settlement agreement) made before or after such Loss occurred or was otherwise incurred.

7.3. Nothing in this Agreement limits or excludes our liability for death or personal injury caused by our negligence or for any damage or liability incurred by you as a result of fraud or fraudulent misrepresentation by us or to the extent that the liability may not be excluded or limited by any applicable law.


8.1. If you feel that we have not met your expectations in the delivery of our Services, in first instance contact the Streamflow EAD using the contact email address for complaints If the Streamflow EAD does not deal with your complaint adequately, please contact us via email to

8.2. We have internal procedures for handling complaints fairly and promptly in accordance with the Financial Conduct Authority’s requirements. A copy of our complaints  procedure is available upon request.

8.3. If you are an eligible complainant you may be able to take your complaint to the Financial Ombudsman Service should you not be satisfied with our final response. Eligibility criteria and information on the procedures involved are available from In addition, please note that disputes may be submitted for online resolution to the European Commission Online Dispute Resolution platform.


9.1. To comply with the requirements of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, the Proceeds of Crime Act 2002 and EU Wire Transfer Regulations (Regulation (EU) 2015/847) and related regulations, it may be necessary to obtain from you, and retain, evidence of your personal identity (or directors or partners of your business and/or your ultimate beneficial owners) in our records from time to time. If  satisfactory evidence is not promptly provided  to us we cannot accept your instructions.

9.2. We may keep records of the contents and results of any searches that we carry out on you (or directors or partners or shareholders of your business) in accordance with all current and applicable laws. You acknowledge that us carrying out an electronic verification check or, if required, a credit reference agency check will leave a soft footprint on the individual or entity’s credit history. You warrant that you have obtained the consent to such checks being carried out from each such individual officer and shareholder.

9.3. We are obliged to report any reasonable suspicions about activities on the electronic accounts to the regulatory authorities. This may affect our relationship with you so far as confidentialityis concerned. If we are required under legislation (including the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 and the Proceeds of Crime Act 2002) to refrain from communicating with you and/or proceeding with your instructions, we can accept no liability for the consequences of being prevented from doing so.


10.1.            When we may terminate or suspend this Agreement.

10.1.1. We can terminate this Agreement at any time:     If you breach this Agreement; and/or       if we suspect that you are using the Services for any illegal purposes.

10.1.2.  We may suspend or terminate your access to the Services where we have reasonable grounds for concern relating to: (i) the security of your account(s), whether or not you have informed us of a security breach; and/or (ii) the suspected  unauthorised  or fraudulent use of your account(s).

10.1.3. If the Streamflow EAD notifies us that their agreement with you has been terminated we can terminate this agreement with immediate effect.

10.1.4. If you terminate your agreement with the Streamflow EAD or that agreement is terminated, we can terminate this agreement with immediate effect.

10.2.            When you may terminate this Agreement. You can terminate this Agreement at any time and for any reason by cancelling your agreement with the Streamflow EAD. We may contact you to confirm your request.

10.3.            Effect of Termination. Upon the effective date of termination:

10.3.1. you will no longer be able to avail yourself of the Services;

10.3.2. we shall redeem any Electronic Money we hold for you and send the equivalent funds to a bank account in your name, unless agreed by both parties, less any monies which are due and owing to us, where relevant.

10.4.            After termination, you may contact us using the contact details set out in clause 2.3 to redeem any Electronic Money you still hold with us.


11.1.            We undertake that we shall not at any time, disclose to any person any  of your confidential information, except in the following circumstances:

11.1.1. to our employees, officers, representatives or advisers who need to know such information for the purposes of exercising our rights or carrying out our obligations under or  in connection with this Agreement. We shall ensure that our employees, officers, representatives or advisers to whom we disclose your confidential information comply with this clause; and

11.1.2.  as may be required by law, a court of competent jurisdiction or any governmental or regulatory authority.


12.1.            How we may use your personal information. We will only use your personal information as set out in our privacy policy which can be found

13. Anti-bribery and Corruption

13.1.            Each party shall:

13.1.1.  Comply with all applicable laws, statutes, regulations, codes and guidance relating to anti-bribery and anti-corruption (Anti-Bribery Laws), including without limitation the Bribery Act 2010;

13.1.2. maintain throughout the term of this Agreement its own anti-bribery policies and procedures (including adequate procedures under the Bribery Act 2010) to ensure compliance with the Anti-Bribery Laws; and

13.1.3. enforce such policies and procedures where appropriate.

13.2.            For the purpose of this clause, the meaning of adequate procedures shall be determined in accordance with section 7(2) and any guidance issued under section 9, Bribery Act 2010.

13.3.            Each party warrants that neither it nor any of its officers, employees:

13.3.1. has been convicted of any offence involving bribery, corruption, fraud or dishonesty; nor

13.3.2.  to the best of its knowledge, has been or is the subject of any investigation, inquiry or enforcement proceedings by any governmental, administrative or regulatory body regarding any offence or alleged offence under the Anti-Bribery Laws.

13.4.            Breach of this clause shall be deemed to be a material breach of this Agreement.


14.1.            Recording of telephone conversations. We may record telephone conversations with or without use of a warning tone and we may use these recordings as evidence for a particular purpose or in relation to disputes as well as for our ongoing quality control and training programme. We may also maintain a record of all emails sent by or to us. All those recordings and records will be maintained at our absolute discretion and are our property and can be used by us in the case of a dispute. We do not guarantee that we will maintain such recordings or records or be able to make them available to you. You consent to the use and admissibility of any such recording as evidence in any dispute or anticipated dispute between the parties which relates to the dealings between the parties.

14.2.            Ensurin thi Agreemen i legall enforceable.   For  a   contract  to  b legally enforceable, there needs to be an offer, acceptance and consideration. This Agreement constitutes our offer to make the Services available to you and you agreeing to this Agreement constitutes your acceptance of this offer. In order to ensure that this Agreement is legally binding, upon you becoming a client, you promise to pay us the sum of one-Pound sterling, upon demand from us, as consideration.

14.3.            Even if we delay in enforcing under this Agreement, we can still enforce it later. If we do not insist immediately that you do anything you are required to do under this Agreement, or if we delay in taking steps against you in respect of your breach of this Agreement that will not mean that you do not have to do those things and it will not prevent us taking steps against you at a later date.

14.4.            What if something unexpected happens? We shall have no liability to you under this Agreement if we are prevented from or delayed in performing our obligations under this Agreement, or from carrying on our business, by acts, events, omissions or accidents beyond our reasonable control, including, without limitation, strikes, lock-outs or other industrial disputes (whether involving us or any other party), failure of a utility service or transport or telecommunications network, act of God, war, riot, civil commotion, malicious damage, compliance with any law or governmental order, rule, regulation or direction, accident, breakdown of plant or machinery, fire, flood, storm or our default of sub-contractors, provided that you are notified of such an event and its expected duration.

14.5.            If a court finds part of this Agreement illegal, the rest will continue in force. Each of the sub-clauses and clauses of this Agreement operates separately. If any court or relevant authority decides that any of them are unlawful, the remaining sub-clauses and clauses will remain in full force and effect.

14.6.            We are not partners and neither of us may act as the others agent. Nothing in this Agreement is intended to or shall operate to create a partnership or joint venture between you and us, or authorise either party to act as agent for the other, and neither party shall have the authority to act in the name or on behalf of or otherwise to bind the other in any way (including, but not limited to, the making of any representation or warranty, the assumption of any obligation or liability and the exercise of any right or power).

14.7.            We can make amendments to this Agreement. We shall have the right to make such amendments to this Agreement, via the Streamflow EAD, as are necessary to comply with any laws and regulations that are applicable to the performance of our obligations under this Agreement where such laws and regulations are implemented and/or amended after the date of this Agreement. Such amendments may be made at any time upon as much notice as possible to you and shall take effect following such notice, if any. If you object to the proposed amendments, you have the right to terminate this Agreement without charge before the date proposed by us for the entry into force of the changes. You will be deemed to have accepted the proposed amendments unless you notify us and terminate this Agreement before the date proposed by us for the entry into force of the changes. If no objection is received from you, such amendments shall take effect from the date specified by us but may not affect any rights or obligations that have already arisen and will not be retrospective.

14.8.            What happens if you are jointly a client of ours with another person? Where you comprise two or more people, each person will be jointly and severally liable to us in respect of all obligations contained in this Agreement.

14.9.            Can you obtain a copy of this Agreement or additional information? You may request and we shall provide a copy of this Agreement and any information set out in Schedule 4 of the Regulations (if relevant) at any time prior to termination of this Agreement.

14.10.          We may transfer this Agreement to someone else. We may transfer our rights and obligations under  this Agreement  to another  organisation without  your consent. We  will always tell you in writing if this happens and we will ensure that the transfer will not affect your rights under this Agreement.

14.11.          You need our consent to transfer your rights to someone else (except that you can always transfer our guarantee). You may only transfer your rights or your obligations under this Agreement to another person if we agree to this in writing.

14.12.          Nobody else has any rights under this Agreement. This agreement is between you and us. No other person shall have any rights to enforce any of its terms.

14.13.          Which laws apply to this Agreement and where you may bring legal proceedings. ThisAgreement and any disputes or claims arising out of or in connection with this Agreement or its subject matter or formation (including non-contractual disputes or claims) are governed by, and construed in accordance with, the laws of England. You irrevocably agree that the courts of England have exclusive jurisdiction to settle any dispute or claim or other matter that arises out of or in connection with this Agreement or its subject matter or formation (including non- contractual disputes or claims).


These terms and conditions apply to your business debit  card. You accept these terms and conditions by activating your debit card. You should read them carefully before activating your debit card. In these terms and conditions you means the Business and/or the named debit Cardholder authorised by the Business to use the Card. We”, usor ourmeans Payrnet Limited.

1.       Definitions

In these terms and conditions the following words and expressions have the following meanings:


means the electronic money account associated with the Card;


means  this  Agreement  of open-ended  duration between you and us incorporating these terms and conditions, as amended from time to time;

“Authorisedand “Authorisation

mean the act of authorising a payment transfer by using the Card together with (i) the PIN code; or (ii) the CVV code and Expiry Date; or (iii) the use of contactless technology; or (iv) the signature of the Cardholder or

“Available Balance

means the value of unspent funds in the Account which are available for a Cardholder to spend;


means the party authorised to fund the Account and to whom the electronic money is issued, which for the avoidance of doubt is not a Micro-Enterprise;

Business Day

means a day other than a Saturday or Sunday on which banks are open for business in London;


means a Card, which is a Visa debit card, provided by us to a Cardholder  whereby  the  Cardholder  can   spend   Available Balance;

“Card Distributor

means [insert name], being your first point of contact if you have an issue with  the Card or  this  Agreement, the contact details of which are set out in clause 2.

“Card Distributor’s App

Means the Card Distributor’s mobile application relating to the Account and the Card.

Card Distributor’s Contact Details”

Means the email address and/or the Card Distributor’s Website

Card Distributor’s Website”

means, being the website belonging to the Card Distributor.


means the person authorised by the Business to use the Card to spend Available Balance in the person’s capacity as a representative  of the Business and not in its  own personal capacity. For the avoidance of doubt a Cardholder is not acting as a consumer for the purposes of this Agreement;

Expiry Date”

means the expiry date of the Card, which will usually be printed on the Card.


means any fee assessed against a Card, as referenced in the Fees Schedule;

Fees Schedule

means the fee schedule which may be updated from time to time. The current version is available on the Card Distributor’s Website or Card Distributor’s App;


means Payrnet Limited, further details of which are set out in clause 30.


means know your customer’ which means the requirements for knowledge of and information on customers of regulated entities in order to comply with anti-money laundering and counter-terrorist financing law;


means a retailer or any other person that accepts Cards;


means an entity which is engaged in an economic activity of any form which employs fewer than 10 people and whose annual turnover and/or balance sheet total that does not does not exceed €2 million;


means the personal identification number associated with a Card which can be used as one method of Authorising Transactions;


means when the balance of Available Balance is negative for whatever reason, including when a Transaction has been Authorised when there was not a sufficient Available Balance;


means: (i) paying a Merchant for goods and/or services through Authorising the Card; and (ii) obtaining cash from an ATM or bank by Authorising the Card;

Virtual Card”

means where applicable a non-physical Card.

youmeans the Business and/or the Cardholder, as the context may require.

2.       Contact Details

2.1.       The Card can be activated and managed online via the Card Distributor’s Website and/or via the Card Distributor’s App.

2.2.       The Card Distributor should be your first point of contract if you have any issues with the Card or this Agreement. The Card Distributors contact details are as follows:

3.       This Agreement

3.1.       This Agreement governs the relationship between you and us for the provision of the Card by us to the Cardholder. This Agreement also contains important warnings and information that may affect your rights. By using your Card, you will be deemed to have accepted and fully understood  the terms and conditions set out in this Agreement and you agree to comply with these by your use of the Card and/or by indicating your acceptance. The Card remains our property. The Card is not transferable.

4.       The Card

4.1.       The Card is a debit card; it is not a credit, charge or pre-paid card. The Business will not earn any interest on any funds sent to the Account.

4.2.       You must ensure that there is sufficient Available Balance to enter into each Transaction that you enter into using the Card (including value added tax and any other taxes, charges and Fees that are applicable).

4.3.       Depending on your program you may receive a Virtual Card. In such cases we will provide You with the number of the Virtual Card, the Expiry Date of the Virtual Card and the CVV2 code.

4.4.       If for any reason a Transaction is processed and the Transaction amount exceeds the Available Balance, the Business must repay us the amount of such excess immediately and we will be entitled to stop any existing or subsequent Transactions from proceeding.

5.       KYC

5.1.       We require evidence of who you are and your address for our KYC procedures. We may ask the Cardholder or the Business to provide some documentary evidence to prove this and/or we may carry out checks on you electronically.

5.2.       The files of credit reference agencies may be searched to assist in the identity verification process. This is not a credit search and does not have a detrimental effect on an individual’s credit score/rating or influence an individual’s ability to obtain or raise credit. The credit reference agency will keep a record of any search and this will show as a ‘soft footprint on your credit record to alert you that a search was conducted.

6.       Funds in the Account

6.1.       Only the Business can add money to the Account. The Cardholder will not be able to add money to the Account.

6.2.       We reserve the right to suspend or terminate the right add money to the Account at any time without notice.

6.3.       The Business solely owns the funds representing the Available Balance and is the beneficial owner of these funds.

7.       Service limits

7.1.       Transactions may be restricted by Card type, individual usage patterns and payment risk profiles. For anti-money laundering and anti-fraud reasons, we reserve our right to change particular payment restrictions (including from those published or included herein) without notice and to the extent required to meet our regulatory obligations.

8.       Use of the Card

8.1.       To activate  the Card you will need to log onto the Card Distributor App or Card Distributor’s Website and use the activate card function.

8.2.       We will be entitled to assume that a Transaction has been Authorised by You where (i) the magnetic strip on the Card was swiped by the Merchant; (ii) the Card was inserted into a chip & PIN  device  and the PIN  was entered; (iii) relevant information was supplied to the Merchant that allows them to process the Transaction, for example, providing the Merchant with the 3-digit security code on the back of the Card in the case of an internet or other non-face-to-face Transaction; or (iv) the Card is tapped against a contactless-enabled reader and accepted by such reader.

8.3.       The Cardholder should only use the Card as permitted by the Business. If the Cardholder uses the Card, we are entitled to presume that the Cardholder has the Business’ permission to spend the Available Balance until notified to the contrary by the Business. The Cardholder can use the Card up to the amount of the Available Balance for Transactions (i) via the Internet, (ii) at Merchants and (iii) to make cash withdrawals from ATMs,  provided  that such application is included in the card program.

8.4.       We will deduct the value of  the Transactions  from the Available Balance in the Account. We will also deduct any applicable Fees as soon as they become payable by the Business based upon the Fees Schedule.

8.5.      ATM withdrawals may also be subject to fees, foreign exchange rates, maximum withdrawal limits, rules and regulations of the relevant ATM operator or bank. It is your responsibility to check whether any such additional fees apply, as they cannot be refunded once the cash has been withdrawn.

8.6.       Like other card issuers, we cannot guarantee a Merchant, an ATM operator or a bank will accept the Card.

8.7.       We may at any time suspend, restrict or terminate the Card and/or the Account, refuse to issue or replace a Card or refuse to authorise a Transaction for reasons relating to the following:

8.7.1 if we have reasonable grounds to believe that the Card is being in a way which is not approved by the Business;

8.7.2 if we have reasonable grounds to believe that the security of the Card has been compromised or suspect that the Card is being used in an unauthorised or fraudulent manner;

8.7.3 if there is insufficient Available Balance in the Account at the time of a Transaction to cover the amount of the Transaction and any applicable Fees;

8.7.4 if there is an outstanding Shortfall in the Account;

8.7.5 if we have reasonable grounds to believe that you are acting in breach of this Agreement;

8.7.6.   if we have reasonable grounds to believe that a Transaction is potentially suspicious or illegal (for example, if we believe that a Transaction is being made fraudulently) or because of errors, failures (whether mechanical or otherwise) o refusals   b Merchants,   payment processors o payment schemes processing Transactions, or

8.7.7 if we need to do so in order to comply with the law.

8.8.       If we do this, we will inform you of the action taken and its reasons in advance or, if that is not possible, immediately after, unless to do so would compromise reasonable security measures or be otherwise unlawful. We will reactivate the Account and where appropriate issue you with a replacement Card if after further investigations we reasonably believe that the reasons for the action no longer apply.

8.9.       The Business will remain responsible to the Issuer for the use of the Card. Your ability to use or access the Card may occasionally be interrupted, for example, if we need to carry out maintenance on our systems. Please contact us using the contact details set out in clause 2 to notify us of any problems you are experiencing using the Card or Account and we will endeavour to resolve any problem.

8.10.       You can manage the Card and view your e-statements by accessing the Account online via the Card Distributor's Website or Card Distributor App. You may at any time view the details of the Transactions in the Account using the relevant credentials. You must keep your credentials safe and not disclose them to anyone. The Account will include all Transactions notified to us up to the evening of the previous Business Day.

8.11.       Your transaction information (e-statement) will contain: (i) a reference enabling you to identify each Transaction; (ii) the amount of each Transaction; (iii) the currency in which the Card is debited; (iv) the amount of any Transaction charges including their break down, where applicable; the exchange rate used in the Transaction and theamount of the Transaction after the currency conversion, where applicable; and (v) the Transaction debit value date.

9.       Conditions of use at certain Merchants

9.1.       In some circumstances we or Merchants may require you to have an Available Balance in excess of the Transaction amount.

9.2.       Some Merchants may not accept payment using the Card. It is your responsibility to check the policy with each Merchant. We accept no liability if a Merchant refuses to accept payment using the Card.

10.       Keeping the Card secure and liability

10.1.       You are responsible for the Card, Account and PIN. Do not share the Card or Account security details with anyone.

10.2.       You must take all reasonable steps to keep the PIN safe and separate from the Card or any record of the Card number and not disclose it to anyone else. This includes:

10.2.1 not keeping your PIN with the Card;

10.2.2 not storing the PIN on a device which is not password protected;

10.2.3 never sharing your PIN with anyone;

10.2.4 when entering your PIN, taking all reasonable steps to ensure it cannot be observed by others;

10.2.5 not entering your PIN into any terminal that appears to be modified or suspicious, and

10.2.6 if you believe that anyone has gained unauthorised access to your PIN, notifying us without undue delay following the procedures in clause 16.

10.3.       You will need a PIN in order to make payments at a Merchant or cash withdrawals (from an ATM or a bank) with the Card. If you forget your PIN, you may retrieve the PIN or request a replacement PIN by using the contact details set out in clause 2.

10.4.       We recommend that you check your Available Balance in your Account regularly on the Card Distributor’s Website or Card Distributor’s App. You will be provided with your Available Balance and a statement of recent Transactions on the Account either by electronic means or on the Card Distributor’s Website or on the Card Distributor App at any time. We also recommend and instruct you to go thoroughly over all the Transactions on a regular basis on the Card Distributor’s Website or Card Distributors App.

10.5.       The Business will be liable for all losses, including any related fees and charges, for any unauthorised Transaction if we can show that you have (i) acted fraudulently or (ii) failed with intent or gross negligence to use and keep safe the Card, Account or PIN in accordance with this Agreement.10.6.       The Business will also be liable for all losses, including any related fees and charges, for any unauthorised or incorrectly executed Transaction if you fail to notify us without undue delay on becoming aware of the Transaction, and in any event within 30 days of the Transaction debit date.

10.7.       In all other circumstances, the maximum liability will be as set out in this clause 10 and in clauses 16 and 18.

10.8.       If you believe that someone else knows the Account or Card security details, you should contact us without undue delay.

10.9.       Once any Card on the Account has expired or if it is found after you have reported it as lost or stolen, you agree to destroy it by cutting it in two through the magnetic strip.

10.10.       The Business agrees to indemnify and hold us harmless from and against all reasonable costs of any  legal action taken to successfully enforce this Agreement arising out of a material breach of any of the terms and conditions of this Agreement by you or by your fraudulent conduct.

11.       Authorising and executing Transactions

11.1.       Once a Transaction is Authorised, it cannot be withdrawn or revoked.

11.2.       Within the European Economic Area (EU countries plus Iceland, Liechtenstein and Norway) we will usually execute the Transaction by transferring the amount of the Transaction to the payment service provider of the Merchant by the end of the next Business Day following the receipt of the instructions to transfer the amount. If we receive the instructions after 4:30 pm, they will be deemed received by us on the following Business Day. If the payment service provider of the Merchant is located outside the EEA, we will execute the Transaction as soon as possible.

12.       Communications regarding the Account

12.1.       You can check the Available Balance and Transaction history at any time by logging onto the Card Distributor’s Website or Card Distributor’s App.

13.       Cancelling the Card and terminating the Agreement

13.1.       If you wish to terminate this Agreement at any time, you must request cancellation or termination by contacting us using the contact details set out in clause 2 informing us of your wish to terminate. The Agreement also terminates upon Card expiry subject to clause 14.

13.2.       Once we have received all the necessary information from you and we have completed and are satisfied with the outcome of applicable anti-money laundering, fraud and other illegal activity checks (including KYC), and once all Transactions and applicable fees and charges have been processed, we will send any Available Balance to  the Business’s designated  payment or bank  account  less any fees and charges payable to us, provided that no law, regulation, law enforcement agency, court or regulatory authority requires us to withhold the Available Balance. If we are not able to send the Available Balance for whatever reason, it will be safeguarded pursuant to clause 30 for a maximum period of twenty (20) years, after which time it will become our property. A fee will be charged during this period until either the Available Balance is sent to the Business or it is exhausted. The Available Balance will be sent as soon as it is possible to do so.13.3.       A Fee may be charged for cancellation (see clause 20 below) unless you have arranged to transfer any unused funds to another Card managed by us for the Business.

13.4.       If, following distribution of the Available Balance to the Business, any further Transactions are found to have been made or charges or fees incurred using the Card or we receive a reversal of any prior Transaction, we will notify the Business of the amount and the Business must immediately repay us such amount on demand as a debt.

14.       Expiry & redemption

14.1.       The funds on the Account will no longer be usable following the Expiry Date of the most recent Card that was issued under the Account until a replacement Card is issued.

14.2.       The Card and this Agreement will terminate on the Expiry Date unless you are issued a renewal Card prior to the Expiry Date. You may not use the expired Card after the Expiry Date. If a Card expires before the Available Balance is exhausted, the Available Balance on the Expiry Date will be returned to the Business as set out in and subject to clause 13.

14.3.       We will have the right to set-off, transfer, or apply part or all of the Available Balance to satisfy all or any liabilities and fees owed to us by the Business that have not been paid or satisfied when due.

14.4.       Authorisation will be requested for a Transaction at the time of the Transaction. In the unlikely event, for any reason whatsoever, a Transaction is completed when there are insufficient funds on the Account for that Transaction which results in a Shortfall, the Shortfall will be repaid by the Business unless it is due to:

14.4.1 an error on the part of the Merchant to which the Card was provided by you as the means of payment, or

14.4.2 an error on the part of the Issuer.

14.5.       Should the Business not repay this amount immediately after receiving an invoice or notification from us or the Card Distributor, we reserve the right to take all steps necessary, including legal action, to recover any monies outstanding.

15.       Termination and suspension of Card and Account

15.1.       We may terminate the Agreement for any reason by giving you at least 30 days’ notice.

15.2.       We may terminate the Agreement without prior notice if:

15.2.1 you breach an important part of this Agreement, or repeatedly breach the Agreement and fail to resolve the matter in a timely manner;

15.2.2 we so agree with the Business;15.2.3 the Business fails to pay fees or charges that you have incurred or fail to cure any Shortfall, or

15.2.4 we are required to do so by law or by the card scheme (for example, where the provision of the Card to you becomes unlawful).

15.3.       We may also terminate this Agreement or suspend the Card or Account without prior notice if:

15.3.1 we reasonably believe the Card is deliberately being used by you to commit fraud or for other illegal purposes, or

15.3.2 we discover that any of the information you provided us with when you applied for the Card was incorrect.

15.4.       If we terminate the Agreement  without prior notice, we will  tell  you as  soon as practicable afterwards unless we are prohibited by law from doing so.

16.       Lost and stolen Card and the right to a refund for unauthorised Transactions

16.1.       If you know or suspect that the Card is lost or stolen, or that the PIN code is known to an unauthorised person, or if you think a Transaction has been unauthorised, you must tell us without undue delay by calling us using the number set out in clause 2 of this Agreement.

16.2.       A Transaction  will be considered to be unauthorised if you  have not given your consent  for the Transaction to be made by Authorising it.  In order for any unauthorised Transaction amount to be refunded to the Account, you must report the Transaction without undue delay upon becoming aware of it. A refund cannot be made for any unauthorised Transaction reported after 30 days have passed following the debit date of the Transaction.

16.3.       Despite the possible 30 day’s refund period, a refund cannot be made for an unauthorised Transaction if the Transaction was correctly displayed in the Account activity online and you failed to inform us about the Transaction being unauthorised without undue delay upon seeing the Transaction in the Account activity online. In this respect we urge you to check the Account activity online on a regular basis and review the Transactions carefully.

16.4.       When you call using the contact details set out in clause 2, you will be asked to provide us with the Card’s number where possible and some other identifying details. If there is an Available Balance remaining in the Account, we will replace the Card for the Account. Alternatively, the Available Balance can be redeemed to the Business. If we replace the Card, the Card will be delivered to the registered address subject to possible Fees.

16.5.       We will refund as soon as possible, and no later than by the end of the day on which the unauthorised Transaction is reported by you, the full amount of any unauthorised Transaction reported by you, including any associated Fees and charges, provided you notify us of the Transaction in accordance with this Agreement except that:16.5.1 we will refund at the beginning of the next Business Day any unauthorised Transactions reported on a day that is not a Business Day or reported after 4:30 pm on a Business Day;

16.5.2 if there is evidence that you acted fraudulently or have with intent or gross negligence failed to comply with the Agreement in relation to the use of the Card and safety of the Card’s security details, we will first carry out a prompt investigation to determine whether the Transaction was Authorised by you and will only refund if the investigation shows that the Transaction was not Authorised by you, and

16.5.3.   if the Card was lost or stolen or you have failed to keep your PIN or other security details safe from  misappropriation, the Business will be liable for losses up to a maximum of 35 GBP (or equivalent in another currency) per instance of loss, theft or misappropriation.

16.6.       The Business will be liable for all losses incurred  in respect of an unauthorised Transaction where you have acted fraudulently or have with intent or gross negligence failed to comply with the Agreement in relation to the use of the Card and safety of its security features.

16.7.       Except where you have acted fraudulently the Business will not be liable for any losses incurred in respect of an unauthorised Transaction arising after you notify us of the Transaction in accordance with the Agreement. The Business is not liable for any losses that occur where the Card has been used in a ‘card not present’ environment except where you have acted fraudulently or with intent or gross negligence.

16.8.       If there is evidence that you checked the online Account and did not notify us of the unauthorised Transaction without undue delay, we may not refund the Account.

16.9.       We reserve the right to investigate any disputed Transaction or misuse of the Card before and after a refund. In order to do so we may need more information and assistance from you and you are required to reasonably cooperate with any investigation by us or any law enforcement agency or other competent authority. If we make a refund following the claim and subsequently establish that the conditions for the refund have not been met, we may deduct it from the Available Balance after notifying you. If there is no sufficient Available Balance, the Business must repay us the amount immediately on demand.

17.       Our liability

17.1.       We will not be liable for any loss arising from:

17.1.1 your inability to use the Card as set out or for any reason stated in clauses 10 and 13;

17.1.2 any cause which results from abnormal or unforeseen circumstances beyond our control, consequences of which would have been unavoidable despite all our efforts to the contrary, including but not limited to fault in or failure of data processing systems, lack of funds, maximum withdrawal limits set by ATM operators;17.1.3 a Merchant refusing to accept the Card;

17.1.4 any issue with the goods or services that are purchased with the Card;

17.1.5 any loss or theft that is reported later than 30 days following the debit date of the Transaction in question;

17.1.6 our compliance with legal and regulatory requirements;

17.1.7 our suspending, restricting or cancelling the Card  or refusing to issue or replace it in accordance with clause 8 above, or

17.1.8 loss or corruption of data unless caused by our wilful default.

17.2.       From time to time, your ability to use the Card may be interrupted, e.g. when we carry out maintenance to improve and keep the service running for our customers. If this happens, the Business may be unable to add funds to your Account, and/or you may be unable to:

17.2.1 use the Card to enter into a Transaction, and/or

17.2.2 obtain information about the funds available in your Account and/or about the recent Transactions.

17.3.       We will not be liable for any loss arising from such interruptions.

17.4.       We are also not liable for:

17.4.1.   business interruption, loss of revenue, goodwill, opportunity or anticipated savings, or

17.4.2.   any indirect or consequential loss arising from your total or partial use or inability to use the Card, or the use of the Card by any third party.

17.5.       To the fullest extent permitted by relevant law, and subject to clauses 16 and 18, our total liability under or arising from this Agreement will be limited as follows:

17.5.1.   where the Card is faulty due to our default, our liability will be limited to replacement of the Card; and

17.5.2 where sums are incorrectly deducted from the Available Balance due to our fault, our liability will be limited to payment to the Business of an equivalent amount, and

17.5.3 in all other circumstances of our default,  our liability will be limited to repayment of the amount of the Available Balance.17.6.       No party will be liable for, or be considered in breach of this Agreement on account of, any delay or failure to perform as required by this Agreement as a result of any causes or conditions which are beyond such partys reasonable control and which such party is unable to overcome by the exercise of reasonable diligence.

17.7.       The above exclusions and limitations set out in this clause 17 will apply to any liability of our affiliates, such as Visa or other suppliers, contractors, agents or distributors and any of their respective affiliates (if any), to you, which may arise in connection with this Agreement.

18.       The right to a refund for Authorised and incorrectly executed Transactions

18.1.       A refund may be made for an Authorised Transaction if (i) your Authorisation of the Transaction did not specify the exact amount at the time of the Authorisation, and (ii) the amount exceeded what you would have reasonably expected taking into consideration your previous spending patterns and other relevant circumstances. A claim for a refund of such a Transaction must be made within 30 days from the date on which the funds were deducted from the Available Balance. We may require you to provide us with such information as is reasonably necessary to ascertain whether the conditions for the refund are met. Within ten (10) Business Days of receiving (i) the claim for a refund or (ii) where applicable, any further information we requested from you, we will either refund the full amount of the Transaction to the Account or provide you with justification for refusing the refund.

18.2.       In order to receive a refund to the Account for an incorrectly executed Transaction (including non-executed or defectively executed Transaction), you must report the Transaction without undue delay upon becoming aware of it. A refund will not be made for any incorrectly executed Transaction reported after 30 days have passed following the debit date of the Transaction.

18.3.       Despite the possible 30 days refund period a refund will not be made for an incorrectly executed Transaction if the Transaction was correctly displayed in the Account activity online and you failed to inform us about the Transaction being incorrectly executed without undue delay upon seeing the Transaction in the Account activity online. In this respect we urge you to check the Account activity online on a regular basis and review the Transactions carefully.

18.4.       As soon as practicable after you have notified us of a disputed Transaction in accordance with this Agreement, you must confirm the disputed Transaction in writing by email or by post, setting out full details of the Transaction and your reason for disputing it. You must provide us with all receipts and information that are relevant to the claim.

18.5.       Where we are liable for an incorrectly executed Transaction, we will without undue delay refund the amount of the Transaction to the Account, restore the Account to the state it would have been had the defective Transaction not taken place and refund any charges and interest that have arisen as a consequence of the non-execution or defective execution of the Transaction provided you notify us of the Transaction in accordance with this clause 18.

18.6.       If we make a refund following a claim and subsequently establish that the conditions for the refund have not been met, we may deduct it from the Available Balance after notifying you. If there is no sufficient Available Balance, the Business must repay us the amount immediately on demand.

18.7.       If you are not satisfied with the justification provided for refusing the refund or with the outcome of the refund claim, you may submit a complaint as described in clause 25.

19.       Changes to this Agreement

19.1.       We may change the Agreement by notifying you by e-mail or other agreed means 2 weeks before the change is due to take effect. You will be deemed to have accepted the notified change unless you tell us that you do not agree to the change prior to the change being effective. In this case, the Agreement will terminate upon expiry of the notice. You also have a right to terminate the Agreement immediately and without charge at any point during the notice. In such circumstances we will refund the Available Balance on the Account in accordance with clause 13 and you will not be charged a Fee for closing the Account.

19.2.       We may make immediate changes to the exchange rate used to convert money from one currency to another as part of a Transaction.

20.       Fees and limits

20.1.       We may charge Fees in connection with any of our services and facilities that you have made use of or requested based on our Fees Schedule. The Fees Schedule is subject to changes. The most recent update of schedule  will be available on the  Card Distributor’s Website or Card Distributor’s App.

20.2.       We may charge you an administration charge as set out in the Fee Schedule in the following circumstances:

20.2.1 in the event that you make any payment to us that is subsequently reversed after sixty (60) days due to inadequate account information or inadequate KYC documentation, and

20.2.2.   to cover our reasonable costs and expenses in providing you with manual support on the Account not otherwise required under the Agreement (e.g. a request for legal, police, court or other judicial support).

20.3.       We may charge you a Fee for chargebacks as set out in the Fees Schedule where a receiving bank declines receipt of a payment following a request to transfer the funds from the Card.

20.4.       We have the right to review and change the amount of Available Balance you are able to have in the Account and the spending limits on the Card at any time and will notify you accordingly.

21.       Cardholder and Business details

21.1.       You must let us know as soon as possible if you change your name, address, phone number or e-mail address. If we contact you in relation to the Card or the Account, for example, to notify you that we have cancelled the Card, we will use the most recent contact details you have provided to us. We will not be liable to you if your contact details have changed and you have not informed us.

22.       Data protection

22.1.       You agree that we can use your personal information in accordance with our privacy policy  which  is  se ou at Th Card Distributor may also use your personal information in accordance with its privacy policy which is set out on the / fillit app. Please note that us and the Card Distributor are each independent data controllers. Each privacy policy includes details of the personal information collected, how it will be used, and who it is passed onto. You can tell us if you do not want to receive any marketing materials from us.

22.2.       To comply with applicable KYC-and anti-money laundering rules and regulations our bank, the Issuer, the Card Distributor and the relevant programme manager and/or any other business partner (all together a  “Partner) who will introduce the Cardholder to the Card Distributor and the Issuer, shall be entitled to carry out all necessary verifications regarding the Cardholders identity. The above mentioned Partner and the Card Distributor may use a recognised agency for this verification purposes (details of the agency used will be provided to you on request). In this respect, the Cardholder’s personal data will be transferred to the Card Distributor and the Issuer and will processed also outside the United Kingdom.

23.       Payment disputes with Merchants

23.1.       In relation to any dispute between you and a Merchant, provided you are able to satisfy us  that you have already made all efforts to resolve the dispute with the relevant Merchant, we will attempt to assist you so far as is reasonably practicable. We may charge you a Fee as referenced in the Fees Schedule for any such assistance we may give you with any such dispute. If there is an irresolvable dispute with a Merchant in circumstances where the Card has been used for a Transaction, you will be liable for the Transaction and will have to resolve this directly with the relevant Merchant.

24.       Communication

24.1.       Unless required  otherwise by other provisions of this Agreement, if you have an enquiry relating to the Card, you can call us using the contact details set out in clause 2.

24.2.       This Agreement is concluded in English. All communications with you will be in English.

24.3.       We may contact you by e-mail, text message or post unless provided otherwise under the Agreement. You must maintain a valid e-mail address, a valid mobile telephone number and a valid address registered with us and must notify us of any changes in your registered details without delay. You agree to check for incoming messages regularly.

24.4.       Any e-mail will be deemed received as soon as it is sent unless within 24 hours the sender receives a failure notice indicating that the email has not been transmitted. Any e-mail will be deemed received by the recipient on the day it is received in his e- mail inbox if received before 4.30 pm on a Business Day. If received at any other time, it will be deemed received on the next Business Day.

24.5.       Any communication or notice sent by post will be deemed received three (3) days from the date of posting for UK post or within five (5) days of posting for international post. Any communication or notice sent by text message will be deemed received the same day.

25.       Complaints

25.1.       If you are not satisfied with the Card or the way it is managed, tell us by contacting us using the contact details set out in clause 2 so that we can investigate the circumstances for you. You may also request to be provided with a copy of our complaints procedure at any time. Any complaints you have will be dealt with quickly and fairly and you agree to cooperate with us and provide the necessary information for us to investigate and resolve the complaint.

25.2.       We will endeavour to handle your complaint fairly and quickly, however, if you are not satisfied with the outcome, you may contact the Financial Ombudsman Service at Exchange Tower, London E14 9SR; telephone: 0800 023 4567 or 0300 123 9 123; website:; and e-mail:

25.3.     The European Commission’s online dispute resolution (ODR) platform is at: The ODR platform can be used to resolve disputes between the Issuer and consumers.

26.       Assignment

26.1.       We may assign this Agreement to another company at any time. If we assign the Agreement to another company you will be given prior notice of this. Unless you tell us within 2 weeks that you do not want to continue with the Agreement after the assignment, you agree that we can assign the Agreement in this way. Your rights will not be affected by such assignment should it happen. You may not assign the Agreement to a third party. Your right to terminate the Agreement under clause 13 is not affected.

27.       Governing law

27.1.       This  Agreement will  be governed by English law and the  English courts will have exclusive jurisdiction regarding any legal proceedings between us.

28.       Protection of funds

28.1.       We ensure that once we have received the funds they are deposited in a secure account, specifically for the purpose of redeeming Transactions made by the Card. In the event that we become insolvent, funds against which the Issuer has already issued electronic money are protected against the claims made by creditors.

29.       Business opt-out

29.1.       Pursuant to regulations 40(7) and 63(5) of the Payment Services Regulations 2017 (PSR) the parties agree that: (i) Part 6 PSR does not apply to the Agreement; (ii) the obligations set out in regulations 66(1), 67(3), 67(4), 75, 77, 79, 80, 83, 91, 92 and 94 of Part 7 PSR do not apply to the provision of services under this Agreement; and (iii) that a different time period applies for regulation 74(1) of Part 7 PSR.

30.       The Issuer of the Card

30.1.       The  Card is  issued  by  Payrnet Limited.  whose company number  is  09883437 and whose registered office is Kemp House, 152 City Road, London, United Kingdom, EC1V 2NX. Payrnet Limited is an electronic money institution authorised and regulated by the Financial Conduct Authority with register number 900594.30.2.       Payrnet Limited. can be contacted by email Payrnet Limited’s web address is (This is the web address of PayrNets parent company, Railsbank Technology Limited, and Payrnet is a wholly owned subsidiary of Railsbank and provides regulated financial services to Railsbank customers.)

31.       Third Party Payment Service Providers

This section 31 applies when you use the services of an AISP (or PISP). We may deny an AISP (or PISP) access  to the  online account connected to the Card for reasonably,  justified and duly evidenced reasons relating to unauthorised or fraudulent access to the online account by that AISP (or PISP, including the unauthorised or fraudulent initiation of a transaction.) If we do deny access in this way, we will notify you of the denial and the reason for the denial in advance if possible, or immediately after the denial of access, unless to do so would compromise reasonably justified security reasons or is unlawful. We will allow AISP (or PISP) access to the online account once the reasons for denying access no longer apply.

Annex A – Fees Table

Please navigate to to find the detailed,
up to date Fees table.

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