PSI-Pay Terms of Use for ecoAccount

This document was last updated on 14/07/2015.

These Terms of Use may be made available in a number of languages; all versions are legally binding but in the event of any inconsistency between the English Language version and a translated version, the English Language version will prevail.

You acknowledge and agree that by ticking the "I have read and agree to the PSI-Pay Terms of Use" check box on our Website when opening your Account, you agree to abide by the following terms and conditions ("Terms of Use") concerning your use of the ecoPayz service provided by PSI-Pay, and you also agree to PSI-Pay’s Privacy and Complaints policies which form a part of the overall terms and conditions. If there is any part of the Terms of Use you do not understand or wish to clarify, please contact our Customer Support Team (see "1. Contacting Us" below).


Please click any of the links below, if you wish to jump to a particular section of the Terms of Use.

  1. Contacting Us
  2. Definitions
  3. General
  4. PSI Service
  5. Eligibility
  6. PSI User
  7. Account Activity
  8. Fees
  9. Chargebacks
  10. Other User Obligations
  11. Privacy
  12. Your Liability - Actions We May Take
  13. Warranties, Liabilities and Disclaimers
  14. Complaints Procedure
  15. Business Account

1. Contacting Us

If you have any questions about this document or any of your dealings with PSI, you can contact us via e-mail at, via the "Contact Us" page on our website ( or you can call our Customer Support Team on +44 (0) 870 626 9580 or by fax on +44 (0) 870 626 9557. If you call the Support team please leave a message including:

  • Your account number,
  • Your name and surname,
  • Your full telephone number, including country code,
  • A brief message concerning your question, enquiry or complaint.

Currently our Customer Support Team is available 24/7.

If you want a copy of these Terms of Use or of any of the other legal documents' that appear on this website you should send an email with your request and the words "Policy documents" in the subject line to

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2. Definitions

2.1. In these Terms of Use, the following words have the meaning set out beside them:

"Account" means your online stored value account which holds electronic money;

"ecoPayz" is a brand name of PSI-Pay;

"Fees" means any and all fees and charges levied by PSI-Pay for your use of the PSI-Pay Service, all fees are shown under "General Questions" in the Help section of the website;

"User" means any person who meets all eligibility requirements set out in these Terms of Use and who opens an ecoAccount, thereby agreeing with these Terms of Use;

"Merchant" means any commercial or business entity that is validly registered with PSI-Pay and enabled to receive and send payments to Users;

"PSI Service" means the electronic money issuer, money transfer service and identity verification service provided by PSI in accordance with relevant United Kingdom regulations and legislation. For the purposes of this agreement this service operates under the brand name "ecoPayz";

"PSI", "we", "our", "us" means PSI-Pay Limited, a wholly owned subsidiary of PSI Limited;

"PSI Exchange Rate" means the exchange rate used by PSI on all currency exchange transactions as published on our Website;

"Transfer" means, as the context indicates, either:

(a) the debiting of an amount of electronic money from your Account and the concurrent crediting of such amount to a Merchant account or other User account, as designated by you, or

(b) the crediting of an amount of electronic money to your Account and the concurrent debiting of a Merchant account or other User account, in each case less any applicable Fees.

"Website" means the website branded as ecoPayz at;

"You", "your" and

"yours" refers to the person accessing this site.

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3. General

3.1. It is a condition of maintaining a PSI account that you agree to these Terms of Use, which form a legally binding contract once you have opened an account.

We may find it necessary to change the Terms of Use from time to time and will notify you 2 months before of any changes are due to take effect. We will notify you by posting notice of the changes on our Website. We will display a link to the new Terms of Use on the Website on the date that they are due to take effect.

Any amendments made to the Terms of Use will be effective from the date of posting, and your continued use of the PSI Service shall constitute an acceptance of any amendments to these Terms of Use. You may review the current Terms of Use prior to initiating any transaction at any time by clicking on the "Terms of Use" links on relevant pages of the website.

The Terms of Use will show the most recent revision date. No revision will affect any transaction that is outstanding as of the date of such revision, however, should you wish to not be bound by any new Terms of Use, you must tell us that you do not agree to the change.

In that event, we will treat that notice as notification that you immediately wish to terminate this agreement. In such circumstances we will cease all of PSI Services with you immediately and refund any monies owed to you. Use of the PSI Service indicates your agreement to these Terms of Use.

3.2. PSI may engage the services of one or more affiliates, subsidiaries, agents or subcontractors in order to fulfil its obligations.

3.3. These Terms of Use shall be governed by the laws of England and Wales. All disputes arising out of or relating to these Terms of Use shall be resolved by the English Courts, except where European Union legislation requires a specific dispute to be resolved by the courts of another jurisdiction.

3.4. We may send communications and notices to you at the email address or postal address you provided to us during the registration process (or as updated subsequently by you). Any and all communications and notices by either party under these Terms of Use by email shall be deemed given on the day the email is sent, unless the sending party receives an electronic indication that the email was not delivered; and if by mail, shall be deemed given ten (10) business days after the date of mailing.

3.5. These Terms of Use are subject to amendment, modification or deletion if required by, or found to be in conflict with, applicable law or regulation, without affecting the validity or enforceability of the remaining terms and conditions. These Terms of Use constitute the entire agreement between the parties with respect to the subject matter hereof and supersede and replace any and all prior agreements.

3.6. Our failure to exercise or enforce any right under these Terms of Use shall not be deemed to be a waiver of any such right or operate to bar the exercise or enforcement thereof at any time or times thereafter.

3.7. The rights and remedies available to PSI in these Terms of Use are cumulative and are in addition to any other right or remedy available to PSI at law or in equity.

3.8. You may not transfer, assign, subcontract or delegate your rights, duties or obligations under these Terms of Use. We reserve the right to transfer and assign these Terms of Use, or any rights or obligations hereunder, without your consent.

3.9. The following policies, as amended from time to time, are incorporated into and form part of these Terms of Use:

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4. PSI Service

4.1. PSI is an "Electronic Money Issuer" as defined in the European Union by the EC E-Money Directive and is authorised by the Financial Conduct Authority of the United Kingdom for the issuing of electronic money (FCA register number 900011). ecoPayz is a brand name of PSI-Pay Ltd. You acknowledge that:

(i) PSI is not a bank;

(ii) Accounts are not insured by any government agency; this means that in the unlikely event that PSI is unable to satisfy claims against it in relation to e-money there is no Financial Services scheme that will compensate Members;

(iii) PSI does not act as a trustee, fiduciary or escrow holder in respect of balances in your Account; and

(iv) PSI does not pay you interest on any balances in your Account.

4.2. Although your ecoPayz account is not insured by any government agency, PSI strictly adheres to the legal requirements under the Electronic Money Directive and UK national legislation which are designed to ensure the safety and liquidity of funds deposited in electronic money accounts.

4.3. Although you are not required to keep a balance in your Account, if you do have a balance in your Account, funds representing that balance are segregated and pooled with funds representing the balances of other Members in an account held by PSI. Any interest earned on the pooled account will be the property of PSI.

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5. Eligibility

5.1. In order to use the PSI Service, you must:

(i) be at least 18 years of age and of the age of majority in your country of residence. We may require at any time that you provide evidence of your age.

(ii) open an Account in accordance with the instructions set out on the registration page of our Website;

(iii) not be in default of any Terms of Use or otherwise have had access limited to your Account, or have had your Account closed by us; and

(iv) not be a resident of any country to which PSI does not provide the PSI Service.

You may only open an ecoAccount if it is legal to do so in your country of residence. By opening an Account you represent and warrant to us that your opening of the account does not violate any laws or regulations applicable to you. You shall indemnify us against any losses we incur in connection with this breach should it occur.

You may not open more than one principal Account and we may close any or all of the Accounts of a user who has, or who we reasonably suspect has, multiple principal Accounts. You may be allowed to open subsidiary accounts in different currencies from your principal account.

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6. PSI User

6.1. To become a User, you must open an Account by providing all of the information requested on the registration page of our Website.

A User must maintain an active address, phone number and email address to become and remain a User. You will not provide any false, inaccurate, incomplete or misleading information. You will not provide details relating to any name, bank account or credit card that you are not legally authorised to use. You will not attempt to transfer funds either to or from a bank account that is not in your (the User's) name. We take any violation of this requirement very seriously and will treat any attempt to transfer funds to or from a bank account or credit / debit card not in your name as a fraudulent act.

You will promptly update your Account details on the Website if your name, address, email address, phone number, credit card or bank account information changes. You will not be able to use the PSI Service until you have passed our identity and security validation and verification checks, which may entail a request for further information in accordance with anti-money laundering regulations.

When you open an account, you will choose a unique user name and a password and fill in the required password recovery information. In order to gain subsequent access to your PSI Account, you must enter your user name and password in the "Login Page" and press the "Log in" button.

All transactions concluded where the correct login user name and password have been entered correctly will be regarded as valid, and we reserve the right to assume that a person who identifies himself by entering the correct login user name and password is the rightful Account holder.

If you have any indication or suspicion that your login details, password or other security features are lost, stolen, misappropriated, used without authorisation or otherwise compromised, you should change your password and contact us immediately. Any delay in notifying us may result in you being liable for any losses.

We may at any time suspend the functionality of your account if we suspect that is has been accessed without your authorisation or we suspect that it has been otherwise compromised.

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7. Account Activity

7.1. Opening your Account:
By opening an Account, you will be able to, subject to the payment of any applicable Fees and compliance with these Terms of Use:

(i) purchase electronic money to be credited to your Account so that you may make transfers to, and receive transfers from, Merchants or other Users; and

(ii) redeem electronic money from your Account.

7.2. Adding to your Account:
In order to purchase electronic money, you may choose from one or more payment options available to you depending on your country of residence. You must also complete the information requested, including passing all identity and security validation and verification checks. Your ecoAccount may be subject to deposit, transfer and withdrawal limits, depending upon your country of residence and the verification of your identity.

You authorise us to obtain or receive funds on your behalf from your chosen payment source, plus applicable Fees, and then issue electronic money to your Account. We will make available to you all the "Fees" that are charged by us and payable by you. When using the PSI Service, you may also be subject to applicable fees of a third-party financial institution or association. We cannot make available the Fees that may be charged by these parties, and by agreeing to these Terms of Use, you confirm that you have understood this.

PSI shall not be responsible for the purchase payment until the funds are received by PSI. Deposited funds will be credited to your ecoAccount on the same day as the funds have been received by PSI. Some transactions, such as those by credit/debit cards will be credited to your account immediately, but are subject to reversal in case the actual funds do not reach PSI within a reasonable time in which case PSI will deduct such reversed transaction from the balance of your ecoAccount.

7.3. Re-presenting uncleared funds:
Notwithstanding the foregoing, certain purchase options may entitle you to have electronic money credited to your Account prior to your purchase payment and Fees being cleared by your designated financial institution. In such case, we may periodically re-present such uncleared payments to your financial institution. In addition we may debit the applicable insufficient funds charge and such uncleared payment from your Account, obtain it from your designated financial institution or otherwise collect it from you. We will tell you before we do this, unless we are not able or permitted to do so in which case we will tell you afterwards.

Repayment of the negative balance is due immediately and without notice, however, we reserve the right, at any time, to send you reminders or to take other debt collection measures including but not limited to mandating a debt collection agency or solicitors or to pursue the claim in court. We reserve the right to charge you the expenses we reasonably incur in connection with any debt collection or enforcement efforts.

7.4. Transaction limits:
We reserve the right to impose limits on the purchase and transfer amounts and the frequency you may use such options.

7.5. Transfers:
You may make transfers by completing the information on the "Money Transfers" page of our Website. In some cases you may be able to make transfers from the website of a Merchant. You authorise us to debit from your Account any applicable Fees at the time of any transfer. When making transfers, you may not designate an amount in excess of the balance in your Account at the time the request is made plus the applicable Fees. If you attempt to do so, your transfer request will be denied. We will tell you if your transfer request has been denied, before we process the transaction unless we are not able or permitted to do so in which case we will tell you afterwards.

The amount of any transfer received will be credited to your Account balance, less any applicable Fees. If a transfer credited to your Account is reversed by the sender prior to you transferring or redeeming any part of it, the amount of the transfer will be returned to the sender and no Fees will be owed by you.

If during the transfer request you are asked to provide the recipients email address, you must take great care to type this information correctly. PSI uses the email address as the unique identifier to determine the intended recipient of the payment which you instruct us to process. PSI shall be not liable for any error you make when entering the recipients email address.

If a person received a notification from PSI indicating that someone has sent them funds to an email address that is not registered, the beneficiary will not be credited with the payment until it has been claimed in accordance with the instructions laid out in the notification email. Until then, there will be no contractual or fiduciary relationship between PSI and the intended recipient. The funds remain those of the sender.

7.6. Balances:
You may check you balance by logging in to your Account. We do not charge any fees for checking your online balance and transactions.

7.7. Redemption:
You may redeem all or a portion of the balance of electronic money in your Account (excluding amounts that have not been cleared by your financial institution) at par value, in the currency in which they are denominated, by selecting one of the redemption methods available to you in your country of residence set out in the "Withdraw" page of our Website You will be able to redeem any uncleared amounts once they clear. Alternatively you may redeem your electronic money in exchange for goods and or services offered by participating ecoPayz merchants.

If your withdrawal request exceeds the current limit, we may decline your request and instead require you to send us documents verifying your identity prior to allowing a withdrawal of funds. We will process the redemption request immediately provided all identity and security validation and verification checks are successfully completed, which we will conduct as soon as reasonably practicable.

Depending on the method of redemption you choose, a Fee may be applicable which will be deducted from the balance in your Account prior to redemption. You may not redeem funds less than EUR10 or its equivalent in other currencies other than in return for goods and or services.

You must ensure that the payment details you enter when redeeming your funds are correct and complete. PSI will not be liable for withdrawn funds being sent to the wrong payment instrument where this is due to you providing incorrect payment information. You must ensure that the account number, sort codes, IBAN and/or BIC/SWIFT are correct. If you have withdrawn funds to the wrong payment instrument, you may request that we assist you in reclaiming the funds.

Where the redemption payment is received by you through the involvement of a payment service provider, for example a bank were you hold an account, PSI will not be responsible for the redemption payment once the funds are received by the payment service provider.

PSI will not be held liable or responsible in any way for the quality or provision goods and services provided in return for electronic money using the ecoAccount and PSI does not provide any warranty or guarantee for those goods and services.

We will take reasonable steps to ensure that redeemed funds are received by you within five (5) business days of the redemption request. However, we shall not be liable for delays in the redemption of funds where those delays are caused by any third party involved in the redemption.

7.8. Security validation & verification checks:
You acknowledge that certain of our electronic money purchase, transfer and redemption options require different types of identity and security validation and verification checks, including use of third party validation and verification systems, and you agree to submit to such identity and security validation and verification checks if you choose such options. You also acknowledge that certain of our electronic money purchase, transfer and redemption options impose certain minimum and maximum limits and these are indicated when you view the various options on the applicable webpage on our Website.

7.9. Closing your Account:
Within 14 days of the date of opening your ecoAccount, you may close your Account at no cost by contacting Customer Service, however if you deposit into your ecoAccount you may be required to provide identification documents before being able to withdraw funds. Transactions and fees for transaction undertaken before you close your account (including those that are not revocable and have been initiated but not completed before account closure) will not be refunded.

You may close your account at any time by contacting our customer support team and letting them know that you wish to close your account (please see the 'Contact Us' details at Section 1 of this document). You will remain liable for all obligations relating to your Account even after your Account has been closed. Closing your account does not mean that we delete the personal data that we hold on you and we will continue to store such data, including transaction history, for a minimum period of 5 years as required by law.

We may close your account or any payment service associated with it by giving you 2 months prior notice. You may terminate your account with us at any time.

7.10. Unclaimed Balances on a Dormant Account:
After the closure of your Account, we will notify you using the last details you provided to confirm that your Account has been closed. If there is a positive balance in your Account at the time your Account is closed for any reason, these will be returned to you by the method you instruct (less the normal applicable Fees) provided the funds are not subject to any restriction. Any funds which remain unclaimed for a period of six years following closure of your Account shall expire and be forfeited.

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8. Fees

8.1. You are responsible for the payment of all applicable Fees. Fees are indicated on the applicable web page on PSI's ecoPayz website . If you are unclear as to any applicable Fee, please contact our Customer Support Team prior to completing any transaction. All Fees are due immediately and are subject to change at any time.

Wherever a currency conversion is required to complete a transaction, PSI will automatically calculate the currency conversion using rates provided by, and add a currency conversion fee of 2.99%. The currency conversion fee may be subject to change; however, PSI-Pay Ltd will notify you 2 months before of any changes are due to take effect.

You should be aware that Merchants may charge an additional fee for the use of their services. You are responsible for confirming these fees at the Merchant's website prior to concluding a transaction. When using this Service, you may also be subject to applicable fees of a third-party financial institution or association. We cannot make available the Fees that may be charged by these parties and we cannot be held liable for these Fees, by agreeing to these Terms of Use, you confirm that you have understood this.

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9. Chargebacks

9.1. You agree that you will not charge back any purchase of electronic money that you have made with your credit or debit card and that has been credited to your Account other than on occasions where there was a non authorised use of the payment instrument or for a breach by PSI in reference to these Terms of Use which would result in you having a right to refund the uploaded amount. You may not chargeback any upload transaction or allow a chargeback of any upload transaction for reasons which PSI is not responsible including disputes with merchants for non-delivery of goods or services or insufficient balance on the payment instrument account.

Without limiting our rights or remedies, if you do cancel or charge back your credit card in such circumstances, you are responsible for refunding the payment. We may, at our discretion, recover the amount of the charge back by reducing your Account balance, re-charging your credit card for the amount of the charge-back or otherwise collecting such amount from you. We reserve the right to charge you fees and expenses we incur in connection with such chargeback and any action undertaken to challenge the same.

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10. Other User Obligations

10.1. You are prohibited from engaging in any of the following:

(i) using the PSI Service to obtain a cash advance from your credit card (or assisting others in such activity);

(ii) using the PSI Service in a manner that may amount to an abuse of a bank's reversal process, credit card system or a violation of a credit card association rules;

(iii) using the PSI Service for any purpose contrary to laws, contract, statutes or regulations applicable to you, including without limitation, those concerning money laundering, fraud, criminal activity, financial services, unfair competition or consumer protection;

(iv) sending unsolicited email or similar methods of mass messaging (spam);

(v) tampering, hacking, modifying, damaging, interfering with or otherwise corrupting the security or functionality of the PSI Service, or attempting to do any of the foregoing;

(vi) infringing PSI's or any third party's intellectual property rights; and

(vii) refusing to cooperate in any investigation to confirm your identity or any information you provide us.

10.2. It is your responsibility to keep your Account identification, secure identification, password, security questions and answers and other information specific to your Account confidential and in a safe and secure place. We will consider any transaction as authorised by you where any or part of this information has been provided. Should another person gain access to your Account by passing all identification and security validation and verification checks, we are entitled to treat any transaction conducted by that person as valid and authorised by you and are not responsible for any loss or damage you may incur as a result. The authorisation of a transaction can include authorising any single transaction, a series of recurring transactions (including transactions for an indefinite period) or pre-authorising future transactions of a certain or uncertain amount.

It is your responsibility to ensure that you do not use our services for transaction that maybe considered illegal in your jurisdiction.

We may at our sole discretion decide to discontinue or restrict our services in other countries at any time and without prior notice. We reserve the right to suspend or close your account at any time if we reasonably believe to do so by law or in order to comply with recommendations issued by a relevant government authority or recognised body for the prevention of crime.

10.3. If you apply for and are issued with ecoCard Payment Card you will be required to acknowledge and agree to be bound by the prevailing version of the ecoCard Payment Card Terms and Conditions. These may be found on the ecoPayz website and will be displayed to all users who apply for the ecoCard Payment Card.

10.4. You are fully responsible for any goods or services bought or sold by you that are settled through your use of the PSI Service.

10.5. You are fully responsible for the instructions you give PSI.

10.6. You acknowledge and agree that all electronic money purchases, transfers or withdrawals into or out of your Account are final and not reversible. PSI cannot arrange for your Account to be refunded where you believe the purchase, transfer or withdrawal was made in error.

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11. Privacy

11.1. Our Privacy Policy forms part of these Terms of Use and we would ask you to review the policy referred to in section 3.9 hereof prior to agreeing to these Terms of Use.

11.2. You acknowledge and accept that: (i) when speaking to customer service agents at PSI, your call may be monitored and/or recorded for quality assurance purposes, security and fraud detection purposes; (ii) for fraud and security purposes your records are kept by PSI even after your Account is closed; and (iii) for identity validation and verification purposes, the following information may be provided to Merchants to or from whom you transfer funds: name, Account number, jurisdiction, postal code, Email address, and/or IP address.

11.3. You further acknowledge that any information you receive through this Service about another User will be kept confidential and will only be used in connection with this Service.

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12. Your Liability - Actions We May Take

12.1. At our discretion, we may limit access to your Account (including without limitation, placing a hold on funds in your Account, limiting your ability to send or redeem, transfer or withdraw electronic money from your Account, limiting your payment sources) or close your Account, at any time and for any reason, including but not limited to the following:

(a) breach of any of these Terms of Use;

(b) if we have reasonable grounds to believe that your Account has been used in connection with unauthorised or unusual credit card or bank account use, including without limitation, notice of same by your bank or credit card issuer;

(c) abuse by you of the reversal or charge back process provided by your bank or credit card company;

(d) receipt in your Account of potentially fraudulent funds;

(e) refusal to cooperate in an investigation or to provide adequate confirmation of identity or other identity or security information when requested;

(f) initiation of transactions that may be considered to be cash advances or assisting in cash advances;

(g) your Account has been used or allegedly used in or to facilitate fraudulent or other illegal activity;

(h) return of a payment for insufficient funds in the bank account;

(i) we believe that your Account or activities pose a security, credit or fraud risk to us; and

(j) to comply with money laundering or terrorist financing investigations conducted by government authorities, agencies or commissions.

12.2. If we close your Account, we will notify you first either by phone or email according to the most recent phone number or email address with which you have provided us, and pay to you any unrestricted or undisputed funds in your Account (being funds not involved or otherwise connected with the circumstance giving rise to the limitation or closure).

12.3. In the event that we suspect you are engaging in an activity referred to in 12.1 above we reserve the right to contact third parties and disclose details of any prohibited activities, in accordance with our Privacy Policy, and/or take legal action against you.

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13. Warranties, Liabilities and Disclaimers

13.1. PSI reserves the right to validate and verify any of the information you provide.

13.2. Without limiting section 7, PSI shall make reasonable efforts to ensure that requests for debits and credits involving bank accounts and cheque issuances are processed in a timely manner. However, a number of factors, several of which are outside of our control, will contribute to when the processing will be completed. We make no representations or warranties regarding the amount of time needed to complete processing, such as delays in the banking system or your local mail service. We make no representations or warranties as to continuous, uninterrupted or secure access to the PSI Service, which may be affected by factors outside our control, or may be subject to periodic testing, repair, upgrade or maintenance.

13.3. We assume that prior to opening your ecoAccount, you have determined that opening and maintaining your Account does not violate any law or regulations in your country of residence and jurisdiction. You warrant that you are not violating any laws or regulations by your use of the PSI Service and you agree to indemnify PSI, its affiliates, subsidiaries, agents and subcontractors, from and against any and all liability that might arise from your use of the PSI Service in violation of any law or regulation.

13.4. We make no express warranties to you with respect to the PSI service except as set out in these terms of use, and all implied and statutory warranties, including without limitation any warranty of fitness for a particular purpose are hereby expressly disclaimed except where implied or statutory warranties cannot be disclaimed by applicable law.

13.5. Neither PSI nor any of its affiliates, subsidiaries, agents or subcontractors shall be responsible for any claim, loss or damage suffered or incurred by you or any third party unless it has been caused as a direct result of our negligence or wilful misconduct; provided that under no circumstances shall PSI, its affiliates, subsidiaries, agents or subcontractors be liable for any claim, loss or damage caused or alleged to be caused by any of the following:

(a) errors made by you or any Merchant or other User in sending or receiving transfers or withdrawals, such as making a transfer to an unintended person or transferring an incorrect amount;

(b) use of your Account by another person who passes all identity and security validation and verification checks;

(c) any fraud or misrepresentation made by a Merchant or User, even if the Merchant or Member passes all identity and security validation and verification checks;

(d) errors or omissions in our Website content;

(e) misuse or inability to use our Website, whether due to reasons within our control or not;

(f) delays, losses, errors or omissions caused by the failure, interruption, infiltration or corruption of any hardware, software or other telecommunications or data transmission system;

(g) interception or seizure compelled by law; and

(h) circumstances beyond our reasonable control.

13.6. In no event shall PSI, its affiliates, subsidiaries, agents or subcontractors be liable to you or any third party for any indirect, special, consequential, punitive or incidental damages, whether based on negligence, wilful misconduct, tort, contract (including without limitation fundamental breach or breach of a fundamental term) or any other theory of law.

13.7. We disclaim any and all liability for any goods or services bought or sold by you that are settled through your use of the PSI Service, including any charges, taxes or other duties in relation to such goods or services,

13.8. You agree to indemnify PSI, its affiliates, subsidiaries, agents and subcontractors from and against any and all claims brought by third parties against PSI, its affiliates, subsidiaries, agents or subcontractors relating to your use of the PSI Service in respect of all claims, losses, damages, expenses and liabilities whatsoever suffered or incurred by PSI, its affiliates, subsidiaries, agents or subcontractors as a result of your breach of these Terms of Use.

13.9. PSI retains all right, title, and interest in and to all trademarks, trade names, logos, website designs, text, content and graphics, and any use, reproduction, modification, distribution by you is prohibited.

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14. Complaints Procedure

14.1. Our Complaints Policy forms part of these Terms of Use and we would ask you to review the policy referred to in section 3.9 hereof prior to agreeing to these Terms of Use.

14.2. Complaints about PSI or the services we provide should be communicated to us in the first instance by contacting the Customer Support team. Please state that you wish to make a complaint so that we are able to distinguish this from a query. We will confirm receipt of your complaint within 5 business days.

14.3. In order to make sure that your complaint can be investigated and resolved as quickly as possible, please make sure you give us the following information:

  • Your name, address and account number,
  • A clear description of your concern or complaint,
  • Tell us what you would like us to do to put it right,
  • Copies of any relevant documents (for example emails sent by or to you),
  • An email address and a daytime telephone number where we can contact you.

PSI will work with you to try to resolve your complaint immediately. We need to understand exactly what the problem is - the more information you can give us the better.

14.4. If you would like a copy of PSI’s Internal Complaints Handling Procedures then please request a copy from

14.5. If, at the end of the PSI procedures, you are still unhappy then you can request a review from the UK’s Financial Ombudsman Service (FOS). The Financial Conduct Authority (FCA) has established the Financial Ombudsman Service to perform independent reviews on any eligible complaints made by Account holders which companies like PSI are unable to resolve to the consumer’s satisfaction.

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15. Business Account

15.1. The Terms of Use set out in this document also apply to the ecoPayz Business Account product. 

15.2. Business Account holders are able to authorise other individuals to have access to their account records by creating individual logins for authorised persons. Where a Business Account holder does authorise this access, they will remain responsible for any actions carried out by those authorised persons under their login and within the Business Account, as if those actions were carried out by the Business Account holder personally.

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ecoPayz is a brand of PSI-Pay Ltd. PSI-Pay Ltd is authorised by the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011 (FCA register number 900011) for the issuing of electronic money. PSI-Pay Ltd registered office is at Afon Building, Worthing Road, Horsham, West Sussex, RH12 1TL, England.