There’s no limit on the number of Faster Payments transactions you can run, but the scheme attaches a value limit of no more than £250,000 per transaction.

There are no direct costs, other than our fixed yearly fee, charged by AccessPay. However, your bank may charge their own costs for processing Faster Payments. This varies, but typically sits around the £0.45 per transaction* mark.

*costs may vary between banks and building societies – be sure to check with your banking service provider.

Yes, AccessPay holds FPS certification as well as a small business user license; ISO27001, ISO22301, Bacs and Swift certifications. Also, we have been registered with the FCA since 2012. We are now also authorised by the FCA to serve as third party Account Information (AISP) and Payment Initiation (PISP) Service Providers, allowing us to offer open banking-related services.

Our platform allows for encrypted, automated file uploads. Our robust suite of security tools also includes two factor authentication for secure logins, segregation of duties and visibility tools, as well as data masking tech which assures data confidentiality and GDPR compliance.

Our team is here to support you. We guarantee that our service will be available 99.5% of the time, with an actual availability rate of 99.9% and no unplanned outages in the last 2 years. We release planned maintenance and platform upgrades once a month as standard, outside our core hours to ensure minimal disruption.

The more prepared you are, the easier and quicker it’ll be to set up payments with AccessPay. As a rule of thumb for UK payments in general, the time it takes to set up payments ranges from 24 hours to 8 weeks, depending on the scheme you choose to utilise.