Payrow’s main license holder is Railsr. Railsr’s 100% owned regulated entity, Payrnet, is an E-Money Institution regulated by the FCA. Payrnet will hold the money you put into your Customer account in safeguarded, and segregated customer accounts at credit institutions such as The Bank of England or Barclays. This means that 100% of your funds are fully protected under E-money regulations and, therefore not covered by the Financial Services Compensation Scheme.