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INSTITUTIONS·PSP·PSPS AND FINTECHS

Merchant settlement and payout across five markets, on one approval chain.

Your reference stays on the merchant statement, so support tickets stop being reconciliation work. Onward provision of accounts to your own clients is a separate approval, stated up front.

WHO THIS IS FOR · SWITCH PROFILE
FXPFX firms and trading platformsREMRemittance firmsBNKBanks and deposit-taking institutionsCASPCrypto-Asset Service ProvidersPSPPSPs and fintechs
WHAT YOU GAIN · PSP
ILLUSTRATIVE · USD 1,000,000 MERCHANT PAYOUT RUN
CORRESPONDENT CHAINMerchants chase the difference, your team absorbs it
≈ 993,100
LOCAL RAIL SETTLEMENTDomestic payout, reference on the statement
1,000,000
1 chainOne maker and checker flow across all five currency accounts.
5 marketsGBP, EUR, USD, AED and CAD payout runs instructed together.
Your refCarried end to end onto the merchant statement.
Illustrative. Correspondent deductions vary by intermediary and are not disclosed in advance. Local rail settlement carries no intermediary deduction. FX at a pre-agreed FX margin recorded in your terms. Instructions are accepted 24/7 with no cut-off. Settlement follows the receiving rail's operating schedule.
FLOW OF FUNDS · PSP
AUTO CYCLING
AT MERCHANT FUNDS IN

Settlement funds arrive in the name of the entity holding the payment institution, e-money or money services authorisation your product relies on.

COLLECTION UNDER YOUR AUTHORISATION
OFF ROUTE

Collections for merchants of an unlicensed partner are declined.

Illustrative. The route above is the one written into institutional terms for this profile. Instructions are accepted 24/7 with no cut-off. Settlement follows the receiving rail's operating schedule.

Five gates, and the one that decides a payment platform.

DECIDED AT GATE 04
GATEWHAT WE ASK FORSTATUS
01 LICENCERegulator, permissions held, and whether they cover the flow you intend to run.CLEARED
02 JURISDICTIONWhere you are authorised, where your clients sit, and every market in the settlement chain.CLEARED
03 FUNDS MODELWhose money moves. Own funds, safeguarded or segregated client funds, or institution settlement.CLEARED
04 PERMITTED USEThe named flow types written into terms, enforced on the instruction.DECISIVE
05 COMMITTEEApproval by profile with conditions, limits, FX margin and a named specialist.TERMS SET
OUTCOME: APPROVED BY PROFILE · SETTLEMENT AND PAYOUT NAMED · ONWARD ACCOUNT PROVISION SEPARATELY APPROVED
PERMITTED USE ENVELOPE

What this account may carry.

The commercial line that matters for platforms is between settling your own contracted merchants and providing accounts to your clients. We approve the first on the profile and the second on its own file.

Settlement for your own contracted merchantsPERMITTED
Payout runs across the five marketsPERMITTED
Operating and treasury movementPERMITTED
Onward provision of accounts to your clientsSEPARATE APPROVAL
New payout markets and currenciesSEPARATE APPROVAL
Pass through for unlicensed partnersEXCLUDED
Virtual asset settlementEXCLUDED
Gambling and gaming settlementEXCLUDED

Who owns an exception, and what pricing is written.

MEMBERSHIP
Institutional

Bespoke by profile. Priced against volume bands and payout markets.

FX
Pre-agreed margin

Fixed in terms so your merchant pricing holds through the payout leg.

APPROVAL CHAIN
One chain, five markets

Your own maker and checker roles apply across every currency account.

EXCEPTIONS
Named specialist

One person owns held payouts and reference requests to resolution.

Institutional pricing is bespoke by profile. FX is executed at a pre-agreed FX margin recorded in your terms. Payment proof is an MT103 or rail reference depending on the rail used.

Describe the product. We will name the flows in your terms.

Send your licence scope, funds model and corridor list. A named specialist returns the permitted use envelope, limits and the FX margin in writing before anything is signed.

Request institutional reviewCompliance and pricing pack →
PSP QUESTIONS

Asked on the a payment platform file.

LAST REVIEWED · 6 August 2026OWNER · Compliance
Is this a published retail membership for PSPs and fintechs?No. This profile is admitted under Institutional Membership. Pricing is bespoke. FX is executed at a pre-agreed FX margin recorded in your terms.
Which gate decides this profile?Gate 04 is decisive for PSPs and fintechs. Decisive gate. Merchant settlement and payout runs are named. Onward provision of accounts to your own clients is a separate approval.
What happens to flows outside the envelope?The commercial line that matters for platforms is between settling your own contracted merchants and providing accounts to your clients. We approve the first on the profile and the second on its own file.
Can PSPs provide accounts onward to their own clients on this profile?Merchant settlement and payout runs for your own contracted merchants are named in terms. Onward provision of accounts to your clients is a separate approval.
GBP · EUR · USD · AED · CAD · APPLICATIONS OPEN GLOBALLY, SUBJECT TO APPROVAL
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