FAIR PAYMENTS LIMITED is an electronic money institution
focused on payment cards and international transfers. FAIR PAYMENTS LIMITED offers international money transfers, currency exchange, travel cards, travel cash to individuals, businesses. Incorporated in the United Kingdom, FAIR PAYMENTS LIMITED is authorized and regulated by the Financial Conduct Authority. FAIR PAYMENTS LIMITED is doing business as FairFX.
FAIR PAYMENTS cards are prepaid cards, rather than debit cards.
Debit vs Prepaid Cards.
Debit cards do not have a separate balance and are connected to an account or
e-wallet. Such cards are 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.
FAIR PAYMENTS cards are issued only as physical (plastic) cards
and are delivered to the customer's address.
FairFX Prepaid Card is a single currency card, it can be issued in EUR, GBP, USD only.
Wirecard Card Solutions Ltd
Card Fees and Limits
Card Issue Fee
ATM Transaction Fee
Alternatives to FAIR PAYMENTS Personal Payment Cards
FAIR PAYMENTS offers money transfers between more than 40 countries in more than 20 currencies. Money can be sent from bank accounts and received to bank accounts. Transfers made with FAIR PAYMENTS are usually completed within 0-2 days.
In most cases, US Dollar transfers are sent the same day that
they are processed. Euro transfers can take up to two working days to reach
the beneficiary account.
ZAR (South African rand)
HKD (Hong Kong dollar)
NZD (New Zealand dollar)
CAD (Canadian dollar)
DKK (Danish krone)
USD (US dollar)
BGN (Bulgarian lev)
AUD (Australian dollar)
RON (Romanian new leu)
PLN (Polish złoty)
NOK (Norwegian krone)
CZK (Czech koruna)
CNY (Renminbi (Chinese) yuan)
HUF (Hungarian forint)
CHF (Swiss franc)
INR (Indian rupee)
SEK (Swedish krona/kronor)
JPY (Japanese yen)
GBP (Pound sterling)
•Bank Accounts FairFX requires to create and top-up an account
with them; FairFX account can be topped up from GBP bank accounts only.
•Bank Accounts FairFX allows to perform international money transfers direct to your recipient's
Advantages of FAIR PAYMENTS Transfers
•Personalised payment support to make large or regular payments •Support for travel cash
Disadvantages of FAIR PAYMENTS Transfers
•Sending money from bank accounts only •Receiving money to bank accounts only
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
FAIR PAYMENTS LIMITED is authorized by the Financial Conduct Authority (reference number 900493) for issuance of electronic money, refund 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 21 May 2018.
Due to EEA passport rules FAIR PAYMENTS LIMITED, can conduct its activities in any of the 31 EEA member states. FAIR PAYMENTS LIMITED do not participate in deposit guarantee schemes.
FAIR PAYMENTS LIMITED is connected to MasterCard payment card scheme.