providing simple payment system Bedford Pay LTD (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. Bedford Pay is focused on providing simple payment system. The company offers personal accounts, business accounts, payment cards to individuals, small- medium businesses. In 2023 Bedford Pay LTD had total assets of 897,125.00 EUR.
European UnionOnline payment system
SWIFT payments in over 100 currencies to almost any country
Customisable, quick, and easy
Get unique IBAN number to receive SWIFT, SEPA and GBP payments quickly and easy
Open ESCROW ACCOUNT to secure you transaction
Check your latest transactions and statements. View and download your account summary from any device
Advanced and flexible Customer support
(*)as stated by the company itself
13 August 2024, by Anna Mileiko
TheBanks.eu has developed a proprietary methodology to assign ratings to payment institutions based on their operating environment, company background, business model, market niche, product range, transparency, customer support and customer sentiment. According to the methodology, Bedford Pay LTD is assigned the overall rating 3.34 (average) which is explained in details below.
| Operating Environment | Very Friendly | (4.81) |
| Product Range | Focused | (2.29) |
| Market Niche | Broad | (4.00) |
| Company Background | Average | (3.32) |
| Customer Support | Average | (2.67) |
| Customer Sentiment | n/a | |
| Transparency | High | (3.91) |
| Overall Rating | Average | (3.34) |
|---|
TheBanks.eu has also identified the following pros and cons of the company:
Personal Account is a multi-currency account, allowing the account holder to have funds in the following currencies:
EUR (Euro)
GBP (Pound sterling)Personal Payment Card (MasterCard) can be ordered together with Personal Account. Virtual cards are not available.
Personal Account is offered to UK residents, non-UK residents.
Personal Account is offered with several pricing plans for different customer groups, namely Resident UK, International.
Bedford Pay cards are debit cards, rather than prepaid cards.
Debit vs Prepaid Cards.Debit cards do not have a separate balance and are connected to an account ore-wallet. Such cards are loaded automatically when the account/e-wallet is being topped up.Prepaid cards have a separate balance from an account or e-wallet.These cards have to be loaded manually, usually from the account/e-wallet.
Bedford Pay cards are issued only as physical (plastic) cards and are delivered to the customer's address.Personal Payment Card is a single currency card, it can be issued in EUR only.
EUR (Euro)Bedford Payment Card is topped up by uploading funds into the correspondingBedford Payment Account, as the two are directly connected.
| Bedford Payment Card | |
|---|---|
| Card Issue Fee | free |
| Card Delivery Fee | free |
| Monthly Card Fee | 50.00 EUR |
| Online Purchases Fee | free |
| In-store Purchases Fee | free |
| ATM Withdrawal Fee | 2.00% + 0.70 EUR |
| ATM Withdrawal Daily Limit | 1,000 EUR |
| Payments Daily Limit | 5,000 EUR |
| Transactions Monthly Limit | 50,000 EUR |
Easy to set-up Dedicated Banking Account
Receive SEPA and SWIFT payments
Individual IBANs for EUR, GBP and SWIFT payments in 100 currencies
Good currency exchange rates
(*)as stated by the company itself
Business Account is a multi-currency account, allowing the account holder to have funds in the following currencies:
EUR (Euro)GBP (Pound sterling)Business Payment Card (MasterCard) can be ordered together with Business Account. Virtual cards are not available.
Business Account is offered to single-country UK, international.
Business Account is offered with several pricing plans for different customer groups, namely Single-country UK, International.
Bedford Pay cards are debit cards, rather than prepaid cards.
Debit vs Prepaid Cards.Debit cards do not have a separate balance and are connected to an account ore-wallet. Such cards are loaded automatically when the account/e-wallet is being topped up.Prepaid cards have a separate balance from an account or e-wallet.These cards have to be loaded manually, usually from the account/e-wallet.
Bedford Pay cards are issued only as physical (plastic) cards and are delivered to the customer's address.Business Payment Card is a single currency card, it can be issued in EUR only.
EUR (Euro)Bedford Payment Card is topped up by uploading funds into the correspondingBedford Payment Account, as the two are directly connected.
| Bedford Payment Card | |
|---|---|
| Card Issue Fee | free |
| Card Delivery Fee | free |
| Monthly Card Fee | 50.00 EUR |
| Online Purchases Fee | free |
| In-store Purchases Fee | free |
| ATM Withdrawal Fee | 2.00% + 0.70 EUR |
| ATM Withdrawal Daily Limit | 1,000 EUR |
| Payments Daily Limit | 5,000 EUR |
| Transactions Monthly Limit | 50,000 EUR |
Bedford Pay is neither registered with the Financial Conduct Authority (FCA) as a crypto asset firm, nor offers any crypto assets services. Bedford Pay LTD does not conducts any crypto-related activities.
Bedford Pay LTD is not registered with the Financial Conduct Authority as a crypto asset firm.
Bedford Pay do not offer crypto assets services.
| EUR | 2022 | 2023 | change (%) |
|---|---|---|---|
| Total Assets | 909,132.00 | 897,125.00 | -1.32% |
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 167 (-19) |  Paystree Ltd | 0.00 % | 848,456.00 GBP (-19.10%) |
| 168 (-10) | Bedford Pay LTD | 0.00 % | 909,132.00 EUR (-3.42%) |
| 169 (-8) |  ISX Financial UK Ltd | 0.00 % | 789,959.00 GBP (+13.68%) |
United KingdomBedford Pay LTD is authorized by the Financial Conduct Authority as a small e-money institution (reference number 900933) for issuance of electronic money, distribution and redemption of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance; the authorization was granted on 14 August 2019.
Bedford Pay LTD is not a bank, it can't collect deposits from public or loan out its clients’ money. Hence, it does not have to participate in deposit guarantee schemes. However, Bedford Pay is required to safeguard its customers’ money.
Since January 2021, Bedford Pay LTD can not conduct its activities in EEA member states.
Bedford Pay LTD is a SWIFT member.
207 Regent Street 3rd Floor, W1B 3HH, London, United Kingdom
+44 2036082808EnglishBedford Pay has profiles on the following social networks:
Estonia
United Kingdom
United Kingdom
United Kingdom
United Kingdom
United Kingdom
