* To apply for a BASIC and PREMIUM account with Safenetpay, must meet our eligibility criteria.
When you apply for a Safenetpay Account as an individual or a freelancer
You must be a resident of United Kingdom registered as a sole-trader and not involved in an activity (transactions) that Safenetpay at its sole discretion regards as prohibited or otherwise restricted;
When you apply for a Safenetpay Account as a legal entity
You must be a United Kingdom registered limited company not involved in an industry (transactions) that Safenetpay at its sole discretion regards as prohibited or otherwise restricted, further provided that you meet all of the below criteria:
- you are directly owned by residents of United Kingdom
only and your directors are United Kingdom residents only;
- you have up to 50 employees
- Your monthly turnover is below GBP 75,000. (with
exceptions to Restaurants, Hotels, Cafes, Pubs, Retail shops, Grocery stores,
Takeaways, Dry cleaners and other businesses that are carried out through physical
Activities (transactions) that Safenetpay currently regards as
prohibited are detailed in the ‘Prohibited Transactions’ section of the Terms and
Change of circumstances
If your circumstances change and you no more qualify for ‘Basic’ or ‘Standard’ accounts, we will issue you our ‘Bespoke’ Fees and Commissions. If you do not accept these within the designated term, we retain the right to suspend the Services until the applicable Fees and Commissions are agreed.
If you do not qualify for ‘Basic’ or ‘Standard’ accounts, we will send you the ‘Bespoke’ fees and commissions together with the confirmation of opening your Safenetpay Account. You have the right to either accept or decline the offer.
Other products and services
Services that are not covered in the above table, including
the newly introduced Services, will be subject to the Fees and Commissions charged by
Safenetpay when such Services are accessed or ordered".