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How does Apron keep money secure?
How does Apron keep money secure?
Marek Liszka avatar
Written by Marek Liszka
Updated over a week ago

We use a payments provider called CurrencyCloud in order to connect to various systems during payment processing.

By opening an account with Apron you also automatically create an Electronic Money account with CurrencyCloud, and your CurrencyCloud account enables you to send and receive electronic payments.

Electronic money accounts are subject to a regulatory requirement called safeguarding of customer funds. What this means is that Apron and CurrencyCloud are required to hold your funds in designated and segregated accounts and are not allowed to use your funds for anything other than processing your payments instructions.

Your money is protected so that if Apron or CurrencyCloud become insolvent or stop operating your funds are always available to be returned to you.

As Apron Payments Ltd is not a banking institution we cannot offer you an FSCS protection for your account.

For more information please refer to our Terms and Conditions.

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