Easy Payments, Processing, and Refunds with No Hidden Fees

Payrow FAQ

• Does Payrow provide business cards?

  We’re working hard in the background to bring more functionalities to life. Business cards are very close on the horizon. We know every business needs cards – we are working on a very cool and modern card programme to include virtual cards for maximum flexibility. Stay tuned!

• Is Payrow safe?

  Payrow Payment Systems Limited (Payrow) is authorised by the Financial Conduct Authority (FCA) (Firm reference number 903004) as an EMD Agent for PayrNet Limited (Principal Firm reference number 900594). The FCA register entry for Payrow can be found here. 

  The FCA authorisation is a sign of trust and meeting the required regulatory standards.

• What currencies are supported?

  You can send international transfers in GBP and EUR. We are working hard in the background to add more currencies very soon.

  If you transfer money to a bank account in a different currency (for example, if you transfer GBP to an account which holds SEK), a conversion fee might apply on the receiving bank side.

• What businesses can open a Payrow account?

  For now, we support the following business types: 

  • Private Limited Company (LTD)
  • Public Limited Company (PLC)
  • Limited Liability Partnership (LLP)

  We're working hard to support more business types soon:

  • Sole Traders
  • Public sector
  • Charities
  • Private foundations or trusts
  • Co-operatives
  • Other business entities

  From research laboratories to vintage clothing, we support too many sectors of activity to name here – put us to the test on payrow.com!

• Which countries are supported by Payrow?

  We are currently offering our accounts to UK companies. We are working hard in the background to bring Payrow to many more countries around the world. This doesn’t mean you can’t work with international clients – Payrow enables seamless transactions with many countries.

• Does Payrow work with businesses with complex ownership structures?

  Payrow has launched financial service support for businesses with complex ownership structures. Leveraging its extensive experience in the market, Payrow has begun offering maintenance for businesses with a complex ownership structure in the United Kingdom. Learn more.

• What do I need to open a Payrow business account?

  Tell us about your business.

  You’ll need to share details like your company name and registration number, where you’re located, and the industry you’re in.

  Tell us about yourself and your partners.

  We'll need some personal details (such as full name, DOB, and address) to verify your identity and, if applicable, the identity of your partners (usually, these will be shareholders in your business).

  Tell us if you act on behalf of someone.

  If you’re not a director or shareholder of the company, you may need to provide your authorisation to act on behalf of the business.

• How long does it take to open a Payrow business account?

  Filling out our short online form is easy and intuitive. This should take around 10-15 minutes but could be slightly longer for more complex setups.

  After submitting your application, our onboarding team will review it and may contact you to confirm a few details.

• How much does it cost to open a Payrow business account?

  Account opening is free of charge. We also offer a free trial month (£0 monthly fee) for all new customers for the first month with Payrow.

  Our tariff plans start from £19/month, and you can change your plan at any moment. Payrow has no transaction limits for all tariff plans.

  For other plans and their benefits, please check our pricing page.

• What types of businesses and sectors of activity are supported?

  For now, we support the following business types: 

  • Private Limited Company (LTD)
  • Public Limited Company (PLC)
  • Limited Liability Partnership (LLP)

  We're working hard to support more business types soon:

  • Sole Traders
  • Public sector
  • Charities
  • Private foundations or trusts
  • Co-operatives
  • Other business entities

  From research laboratories to vintage clothing, we support too many sectors of activity to name here – put us to the test on payrow.com!

• Can I change my plan?

  It’s easy to upgrade or downgrade your plan at any time. Upgrades are effective immediately to help your business right away. Downgrades take effect at the end of your current billing cycle. Our support team can take care of anything else around plans and billing. You can find more information about Payrow here.