Provision record
Checkout.com · Checkout.com Terms · View original document ↗

E-Money Account Not Covered by FSCS

High severity High confidence Explicit document language Unique · 0 of 352 platforms

Key Facts · in the document’s own words

Why is a Checkout.com account not covered by the Financial Services Compensation Scheme?
“As your Checkout.com account is not a bank account, it's not covered by the Financial Services Compensation Scheme (FSCS).”
Version CA-V-007200, captured Sept. 29, 2026 · live source ↗
Our reading, not the document’s words
A Checkout.com account is not covered by the Financial Services Compensation Scheme (FSCS) because it is not a bank account.
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This analysis describes what Checkout.com's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology

ConductAtlas Analysis

Why it matters (compliance & governance perspective)

Without FSCS coverage, funds held in a Checkout.com account are not protected up to the statutory compensation limit if Checkout.com were to fail.

Consumer impact (what this means for users)

Funds held in a Checkout.com account carry no FSCS protection, unlike funds held in a regulated bank account.

How other platforms handle this

Public.com Medium

These choices do not apply to certain informational communications including important information and documentation relating to your account.

Microsoft Medium

We've distilled our commitment into six core values: Fairness Reliability and safety Privacy and security Transparency Accountability Inclusiveness

OpenAI Medium

We implement commercially reasonable technical, administrative, and organizational measures designed to protect Personal Data from loss, misuse, and unauthorized access, disclosure, alteration, or destruction.

See all platforms with this clause type →
▸ View Original Clause Language DOCUMENT RECORD
"
As your Checkout.com account is not a bank account, it's not covered by the Financial Services Compensation Scheme (FSCS).

Excerpt from Checkout.com's Terms

Provision details

Document information
Document
Checkout.com Terms
Entity
Checkout.com
Tracking information
First captured by ConductAtlas
May 5, 2026
Text quoted from version
CA-V-007200, captured Sept. 29, 2026
Record ID
CA-P-053746
Document ID
CA-D-000662
Evidence Provenance
Source URL
Wayback Machine
Archived bytes SHA-256 (version CA-V-007200)
c04a72251b19df0c87876a5c37183f41a9062cd0176cfed6d2503ccafe75030a
Analysis generated
May 7, 2026 20:58 UTC
Methodology
Evidence
✓ Excerpt found verbatim in version CA-V-007200 (checked Oct. 5, 2026)
Citation Record
Entity: Checkout.com
Document: Checkout.com Terms
Record ID: CA-P-053746
Version: CA-V-007200
Captured: 2026-09-29 01:14:48 UTC
SHA-256: c04a72251b19df0c…
URL: https://conductatlas.com/platform/checkoutcom/checkoutcom-terms/provision/CA-P-053746/e-money-account-not-covered-by-fscs/
Accessed: Oct. 8, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
Classification
Severity
High
Categories

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Frequently Asked Questions

What does Checkout.com's E-Money Account Not Covered by FSCS clause do?

Without FSCS coverage, funds held in a Checkout.com account are not protected up to the statutory compensation limit if Checkout.com were to fail.

How does this clause affect you?

Funds held in a Checkout.com account carry no FSCS protection, unlike funds held in a regulated bank account.

Is ConductAtlas affiliated with Checkout.com?

No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Checkout.com.