Your money is safe with Payset
Our rigorous fraud prevention measures, advanced security features, and safeguarding ensure your money is secure.
Set spending rules by transaction volume or type
Control spending by setting multi-signature requirements and transaction limits for each team member.
Track the status of each transaction
Verify each and every transaction and easily report irregularities with real-time transaction notifications.
Set and change team permissions in seconds
Control each team member’s access by assigning manager, executor, or viewer status.
How does Payset protect my funds?
Payset protects client funds through a process known as safeguarding, wherein 100% of client funds are segregated from Payset’s own funds. These funds are held in a safeguarding account with an authorized bank in the UK or European Economic Area (EEA). In the event of Payset’s insolvency, your funds remain separate and accessible to you.
What security measures does Payset implement to protect my account?
Payset employs multiple layers of security to protect your account:
- Two-Factor Authentication (2FA): Enhances login security by requiring a second verification step using the Google Authenticator app.
- One-Time Passwords (OTPs): Required for transaction approvals, adding an extra layer of security.
- Secure Access: Access to your account is protected by a username and password, along with SMS verification.
What should I do if I suspect fraud or unauthorized access to my account?
- Contact Payset Immediately: Email antifraud@payset.io or use the Help page in your account dashboard.
- Change Your Password: Immediately update your account password to secure your account.
How does Payset ensure compliance with data protection regulations?
Payset complies with the EU’s General Data Protection Regulation (GDPR), ensuring that:
- Data Collection and Use: Personal data is collected and used with your consent and for legitimate purposes.
- Data Security: Appropriate technical and organizational measures are in place to protect your personal data.
- Your Rights: You have rights regarding your personal data, including access, correction, and deletion.
What steps does Payset take to prevent fraud and scams?
Payset implements robust security measures to prevent fraud and scams:
- Transaction Monitoring: Continuous monitoring of transactions to detect and prevent fraudulent activities.
- Client Education: Providing resources to help clients recognize and avoid potential scams.
- Reporting Mechanism: Clear procedures for clients to report suspicious activities.
Keep your funds safe with Payset
At Payset, the security of your money and personal information are our number one priority.