On this page we have detailed some of the key risks in using an EVERYTHING and
an EVERYTHING Debit Mastercard. While this highlights the main risks it is not a
comprehensive list of every possible risk.

E-Money: EVERYTHING is not a bank and is an agent of PayrNet Ltd. The
EVERYTHING Debit Mastercard is issued by PayrNet Ltd pursuant to license by
Mastercard International Inc. PayrNet Ltd is authorised by Financial Conduct
Authority to conduct electronic money service activities under the Electronic Money
Regulations 2011 (No: 09883437) Although there are similarities between the
products a traditional bank account is not being offered.

No FSCS Protection: EVERYTHING is not a bank and does not invest or lend out
your money. The Financial Services Compensation Scheme does not cover
electronic money products. No other compensation scheme exists to cover losses from your electronic money account. Your funds will be held in one or more
segregated bank accounts with a regulated third-party credit institution, in
accordance with the provisions of the Electronic Money Regulations 2011.

Fees: The following will all incur fees:

1.       Foreign transactions: Mastercard’s official exchange rate (see here   ) + 1%
2.       ATM withdrawals:  The ATM used may charge additional fees of up to 1% that
is beyond EVERYTHING's control.
3.       Replacement card: In case your physical card is lost or damaged we need to
charge £5 to cover our costs to send you a new one.


While rewards are able to be earned through spending, the total amount you receive may be less than you may receive from other providers, for example
cashback. Rewards are based on spending levels over the past 14 days and are
based on our reward buckets. You should not conduct any spending simply to earn
a reward. EVERYTHING is for everyday spending that you would normally

Acceptability: You can only pay with the EVERYTHING Debit Mastercard where
Mastercard is accepted.