In a nutshell, Plaid acts as the bridge between our app and your bank account. 🏦 This setup lets us provide supporters with all the info they need to make a secure bank transfer—no card details stored on our end, and creators enjoy fully chargeback-protected transactions! 💸
Plaid Financial Ltd. is an authorised payment institution regulated by the Financial Conduct Authority under the Payment Services Regulations 2017 (Firm Reference Number: 804718) for the provision of payment services. Plaid, B.V. is an authorised payment institution regulated by the Dutch Central Bank under the Dutch Financial Supervision Act for the provision of payment services (account information services). Plaid, B.V. is included in the public register of the Dutch Central Bank (License number: R179714) and registered at the Dutch Chamber of Commerce (CoC number: 74716603). Plaid Financial Ltd. is a distributor of Modulr FS Limited, a company registered in England and Wales with company number 09897919, which is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr FS Limited.