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Fair Payments Ltd

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Trustpilot Rating

Reviews 9

Poor

★★★★★

(2.5)

3.4
★★★★★

(3.4)

Entity type

Electronic Money Institution

Client type

Business

License

900051

Country

1

United Kingdom

Year

"2007"

Employee Count

11-50

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Services

Agreggated AccountB2B AccountsDebit cardsDebit cards (virtual)Dedicated IBANPrepaid cardsSEPA Transactions
3.4

Total Score

★★★★★

(3.4)

Pricing of the services

4

Social media presence

3

Popularity of the service

3

Onboarding difficulty

4

Support quality

3

About Fair Payments Ltd

Fair Payments Ltd is an electronic money institution focused on payment cards and international transfers. Fair Payments Ltd offers international money transfers, currency exchange, travel cards, travel cash to individuals, businesses. In 2019 Fair Payments Ltd had total assets of 681,130.00 GBP, Fair Payments Ltd generated net income of 87,109.00 GBP. Incorporated in the United Kingdom, Fair Payments Ltd is authorized and regulated by the Financial Conduct Authority. Fair Payments Ltd is doing business as FairFX.

Pricing

Setup Fee

55 GBP

Monthly Maintenance Fee

12.5 GBP

FasterPayments Incoming

0 GBP

FasterPayments Outgoing

0.3-10 GBP

Direct Debit

0.3 GBP

CHAPS

30 GBP

FX Fee

2.5 %

Currency

  • EUR

    (Euro)

  • USD

    (United States dollar)

  • GBP

    (British pound)

Trustpilot reviews

MS

Feb 15, 2022

Worst experience ever

Worst experience ever, please please do not use there services its a joke, they keep our money and charge £55.00 to open the account also keep all the payments by the customers. and don’t tell you why they have blocked our account, We Just used it for one day and they blocked my account. Also i think they are same as CARDONE AND ACORN.

YC

Nov 30, 2021

All these bad reviews are for a reason! Think again!

All these bad reviews are for a reason. I hope I had read here earlier. They asked me for £55, too. But I call them before that and wanted to clear something that if I don’t have a passport is it ok to open up a bank account. They mentioned yes, that’s ok without any further advice. Just a day after I sent the payment, they told me we need a passport. :) And they said the money is non-refundable. All these bad reviews are for a reason. Don’t make a mistake. Learn from others!

RE

May 10, 2021

I’m a new customer at Fair Everywhere

I’m a new customer at Fair Everywhere, but to date have been very impressed with them. The chat service is excellent, it’s quick and easy to speak to Customer Services and after the dreadful experience I had with NatWest, it’s a breath of fresh air!

IM

Mar 29, 2021

Please please please do not open an…

Please please please do not open an account with this firm. .The whole thing seems like a terrible scam. I heard of the application fee, odd when theres no credit check, but thought I heard it was £5. Instead they withdrew £55 from my account. At this time they didnt have full details to perform any checks so I emailed them to stop, withdraw the application and return my fee. They refused stating that the checks had been carried out which they hadnt because they were still asking me for personal information. Wish I'd read the tragic reviews on here before I contacted them.

SE

Mar 26, 2021

absolute joke never told me a £55 fee…

absolute joke never told me a £55 fee was non returnable if they don't give you the account it feels like a scam I'm reporting it to the regulator and to the appropriate minister

SN

Jan 20, 2021

amazing service

amazing service. fast and helpful.

HB

Dec 28, 2020

no one to contact

hello i try to contact you guys to reçlease my money and no line are open nothin even on the webchat

Finscanner is an independent digital platform aiming to provide up-to-date access to worldwide financial services to improve customer experience and boost transactions.

On this page, you can see a detailed review of Fair Payments Ltd Payment systems with reviews from real users and our experts. Fair Payments Ltd provides the following services: Agreggated Account, B2B Accounts, Debit cards, Debit cards (virtual), Dedicated IBAN, Prepaid cards, SEPA Transactions.

At the moment, Fair Payments Ltd rating on Finscanner is 3.4 and on Trustpilot is 2.5.