Adyen Statement in regards to money being safe:

Business Accounts and/or Card Issuing are offered by Adyen N.V., London branch which is dually regulated in the UK by the Prudential Regulation Authority and Financial Conduct Authority (firm reference number: 779800) as an overseas branch of an EEA-credit institution in the UK and is also authorised to issue electronic money. Business Accounts and/or Card issuing include issuance of electronic money. Electronic Money is not a deposit. The Financial Services Compensation Scheme does not cover electronic money products. No other compensation scheme exists to cover losses from your electronic money account. Adyen is however subject to stringent capital and liquidity requirements in order to ensure its financial resilience in periods of economic stress.

Adyen is not bound by safeguarding requirements. Safeguarding requirements are applicable to Payment Institutions and Electronic Money Institutions. Adyen as a credit institution is not subject to safeguarding of funds because it is a credit institution itself and is subject to stringent capital and liquidity requirements which render the risk of Adyen’s insolvency as highly unlikely.

The funds are not protected in case of Adyen’s insolvency. This is clearly outlined in the disclaimer above.

Adyen N.V., the publicly listed parent company of the Adyen group, holds a banking license granted by the Dutch Central Bank, a regulatory authority responsible for overseeing the financial sector. This licensing status ensures that Adyen operates under strict banking supervision, aimed at mitigating the risk of uncontrolled bankruptcy or insolvency. The supervision encompasses both governance-level oversight and adherence to rigorous capital, liquidity, and solvency requirements. This licensing and regulatory framework underscores Adyen's commitment to upholding the highest standards of financial security and customer protection.

Regular payment service providers who are licensed under PSD2 are obliged to establish escrow or trust accounts with licensed corporate banks to ensure the security of their customers' funds. In accordance with the aforementioned European banking regulations however, Adyen as a bank is allowed to directly hold client' funds. In fact, compared to corporate banks Adyen's risk profile can be considered more favorable due to its distinct business model, which does not rely on utilizing clients' bank account funds for profit generation. Instead, Adyen's revenue stems from fees earned through the processing of transaction volumes.

It is important to note that Adyen's operations are not reliant on debt financing, which contributes to its overall financial stability. Adyen maintains a robust balance sheet, and its financial statements can be readily accessed on their official website at www.adyen.com/.

By leveraging these factors, Adyen establishes itself as a trusted institution, prioritizing the safety and protection of client' assets.