Regulatory
How we sit under UK payments law.
Plain language for counterparties. Authorised firms provide the regulated payment services. We collect, reconcile and instruct settlement.
- What we are
- Realm Payment Solutions Ltd, trading as Realm Payment Solutions, is a private limited company registered in England and Wales. We collect, reconcile and instruct the settlement of funds for clients, and we maintain UK banking relationships and ordinary company filings.
- What we are not
- We are not a bank, a payment institution or an electronic money institution. We are not authorised or registered by the Financial Conduct Authority to provide payment services. We do not issue e-money, take deposits, or offer regulated investment services.
- Where the regulated services sit
- Card acquiring, payouts and e-money are provided by Stripe, an authorised firm. Faster Payments and sterling clearing sit with our UK banking counterparties. We instruct those firms. We do not substitute for them.
- Payment Services Regulations 2017
- The PSRs 2017 regulate the provision of payment services in the United Kingdom. We do not claim to be a payment service provider, and we do not claim an exclusion as a substitute for that fact. Where a service is a regulated payment service, it is performed by an authorised firm.
- Cardholder data
- We do not store, process or transmit payment card data. Card handling is performed by Stripe in accordance with the Payment Card Industry Data Security Standard (PCI DSS). Card details do not sit on our systems.
- Financial crime
- As a UK company that handles funds for clients, we apply customer due diligence to counterparties, keep records, and will not proceed where we cannot satisfy ourselves as to identity, mandate or the source of funds. We cooperate with our banks and with Stripe’s own compliance requirements.
- Data protection
- We handle personal data under UK GDPR and the Data Protection Act 2018, for the purpose of operating the company and answering enquiries. See our privacy notice.
- This note
- This page is a description of how the company is set up, for banking counterparties and professional advisers. It is not legal advice, not a licence, and not a claim to FCA authorisation.
Enabling partner
Stripe is the firm through which card acquiring and payouts are provided. That is a commercial relationship, stated here because counterparties ask. It is not a claim that Stripe endorses this company.
Questions: enquiries@realmpayments.co.uk. Privacy: how we handle what you send us.