![]() This means you would get most of your funds back, except for the costs deducted by the insolvency practitioner for returning the funds to the customers. In the event of Paynetics going out of business, an insolvency practitioner would be appointed to return the funds Paynetics has safeguarded to the customers. However, in the event of an insolvency, your funds would remain in the safeguarded account at the designated Bank and separated from Paynetics' accounts. 44/.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. Payment accounts and Mastercard cards are issued by Paynetics AD (via Paystratus Group Ltd, a Technical Provider of Paynetics AD) with company address at 76A James Bourchier Blvd, 1407 Sofia, Bulgaria, company registration number 131574695 and VAT BG131574695, pursuant to an e-money license issued by the Bulgarian National Bank No. Founded by Jasper Dykes and financier Stuart Jeffrey in 2015, Fly Now Pay Later has partnerships with Kayak and to name a few travel brands, and. Registered No: 09020100.įly Now Pay Later® are registered trademarks of Pay Later Group Limited. Registered office: 4th Floor, 33 Cannon Street, London, EC4M 5SB, United Kingdom. Loan facilities are provided by Pay Later Financial Services Limited who are authorised and regulated by the Financial Conduct Authority under firm registration number 672306. Fly Now Pay Later Limited acts as a credit intermediary and not a lender and is authorised and regulated by the Financial Conduct Authority under firm registration number 726937. ![]()
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