We’re launching in the US soon! Read more

Weavr

Menu

Industries
- Future of Work
- Cashless Society
Solutions
- What is embedded finance?
Company
- About
- Careers
- Blog
- Contact
- Newsroom
- Embedded Finance made easy
  
  Everything you need to know to get started.
  
  download
Developers
Version 3
- API Reference
Pricing
Access sandbox
Talk to an expert

Become a Weavr partner

Help us bring payments to the API age

Industries
- Services

Company

Developers
- API Reference
- Docs
- Changelog
- Roadmap

Embedded finance made easy

Everything you need to know to get started.

download

Weavr is the trading name for Paystratus Group Limited, a company registered in England and Wales with registration number 11677111 and registered office at Kemp House, 160 City Road, London EC1V 2NX United Kingdom.

The Payment account and Mastercard cards are issued by Paynetics AD (via Paystratus Group Ltd, a Technical Provider of Paynetics AD) with company address 76A James Bourchier Blvd, 1407 Sofia, Bulgaria, company registration number 131574695 and VAT BG131574695, pursuant to license by Mastercard International Incorporated and Bulgarian National Bank.

To ensure your funds are safe Paynetics follow a process known as ‘safeguarding’ which is a regulatory requirement for all EMIs. In this process Paynetics keeps your money separate from its own money and place it in a safeguarding account with a Bank.

Electronic Money issued is not covered by any Deposit Guarantee Scheme which is a government backed scheme offering protection to customers’ funds of up to €100,000 (£85,000 in the UK under the FSCS) per customer. However, in the event of an insolvency, your funds would remain in the safeguarded account at the designated Bank and separated from Paynetics’ accounts.

In the event of Paynetics going out of business, an insolvency practitioner would be appointed to return the funds Paynetics has safeguarded to the customers. This means you would get most of your funds back, except for the costs deducted by the insolvency practitioner for returning the funds to the customers

Weavr uses intellectual property developed in the Open Payments Ecosystem project. This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 666363.