- What is sQuid?
- Is sQuid a bank?
- How does it work?
- Who can use it?
- sQuid on other cards
- sQuid in 2 minutes
- Suggest a sQuid shop
Is sQuid a bank?
Available to all
sQuid is a stand alone payment network and is independent of any bank. We do not lend money, you cannot get into debt with sQuid and you don’t need a bank account to use sQuid.
sQuid enables you to safely and securely pre-load money on to a sQuid smart card, which can then be used to make contact less payment for the little things in life, instead of using cash.
sQuid issue their own sQuidcard's and the sQuid application can also be added to other smart card issuers, such as in Council, schools and businesses. The sQuid application can also be integrated in to till systems, ticket mcahines, vending, parking solution and the like.
To find out more about sQuid schemes, visit our corporate pages here.
Never get in to debt
It is impossible to get into debt with sQuid. You can only spend what you have pre-loaded on to your card. There is no risk of spending money that you don’t have.
FSA regulated
Apart from the name, there is nothing fishy about sQuid. We are fully regulated by the Financial Services Authority (FSA), which means that our customers’ money is tightly controlled.
Yes
Each card reader is protected by a unique security application module (SAM) that creates a trusted transaction environment from encrypted readers. See our FAQs
Very...
sQuid uses sophisticated fraud prevention and detection processes and conforms to the Financial Services Authority (FSA) regulatory requirements. See our FAQs
