9 September 2022
These legal terms (English law applies and disputes will be settled by English courts) are between you and GoSolo Financial Limited (GoSolo /us/we) and you agree to them by using the GoSolo app and website (the terms app and website also include any associated servers, databases, and other software) .
You can contact us through the GoSolo app, email us at we@GoSolo.net or WhatsApp us on +44 7483 901626
Or send a letter to:
GoSolo Financial Limited
128 City Road
London, EC1V 2NX
We'll contact you in English through the app or by email. We may also write to you at the address you have given to us. Please let us know if any of these change!
We may also send you instant notifications when you spend or receive money.
GoSolo Financial Limited is registered with the Financial Conduct Authority as an EMD Agent to distribute or redeem electronic money (Register number 902961). GoSolo brings you the mobile app and the website which enable you to access your money. We do not hold your money or provide a card for you to spend your money with. We operate via our partner, PayrNet Limited, which is authorised by the Financial Conduct Authority (register number 900594) as an Electronic Money Institution. PayrNet Limited ("PayrNet") provides a "safeguarded" e-money account where your funds are held (your account). PayrNet provides regulated financial services in the UK, including regulated payments, e-money, banking services or arrangements with a view to transactions in investments. Your agreement with PayrNet is listed here: PayrNet Terms.
The funds in your account will not earn any interest. We will have no liability or responsibility for your money or any failure by PayrNet to provide services to you, unless that failure is due to a breach by us of these terms and conditions.
Payrnet Limited ("PayerNet") provides your company with a debit card or a virtual card which can be managed in the secure area of our app or website. The card is for the use of UK companies (newly registered companies or existing businesses). If a GoSolo Card is not used for the stated purpose, we may be required to restrict or terminate the Card and/or the Account, refuse to issue or replace a Card or refuse to authorise a Transaction.
Your agreement with PayerNet is here: Card terms. It sets out when your payments can be blocked, when your card can be blocked and what happens if you lose the card, or would like a refund on a transaction. We will have no liability or responsibility for any failure by Payrnet to provide services to you, unless that failure is due to a breach of us of these terms and conditions.
You need to keep enough money in your account to make payments, including any additional fees. If there is no money in your account services may be disabled and transactions may be rejected until there are sufficient funds.
This card is issued by PayerNet Limited pursuant to license by Mastercard International. PayrNet Limited, is authorised by the Financial Conduct Authority (register number 900594) as an Electronic Money Institution.
We are an Authorised Agent of the Companies House. Should you choose to register a new Limited Company in England and Wales, the data you give us is sent to and exchanged with the Companies House via electronic interfaces. All the registration processes are being handled by the Companies House. They might contact you directly or via us if they need to.
You must have enough money in your account to make payments. However, certain transactions may still go through in which case we will let you know the amount that you will need to repay before the end of the day.
We may block your payments if:
If this happens, we will let you know as soon as possible.
You can find our fees for GoSolo business account here. You may be required to pay other costs, taxes or charges in relation to your GoSolo business account, which are outside of our control and not charged by us. For example, you may be charged by other banks for sending money to a GoSolo account.
We remain in our right to change this in the future, but be rest assured we will notify you at least 28 working days before that.
The following information applies to applicable fees for GoSolo business account opening services; company registration and GoSolo business account opening services; subscriptions to our partner services if purchased alongside GoSolo account application
Once you submit your GoSolo application and complete a payment, the main refund terms are as follows:
You agree not to use these Services in a fraudulent manner or provide any incorrect or fraudulent information; should we have suspicion of such conduct we will cancel GoSolo services with immediate effect and there will be no refunds any fees/ payments received.
We would like to serve every entrepreneur and type of business possible, but we need to start somewhere, so below is the list of eligibility criteria to use GoSolo:
Virtual Business Address is an optional service, included together with new company registration via GoSolo. For more questions, contact us at firstname.lastname@example.org
Virtual Business Address is managed by our partners Virtually There and includes the following services:
If you subscribe to this service and your application is successful, you will receive an email to your registered GoSolo email with information about how to access the Virtually There app once your company is registered and GoSolo business account is opened.
These services are valid for 1 year, after which you will be able to renew them directly at the Virtually There app. You can also request additional services provided by Virtually There (such as mail forwarding) directly through their app.
Your virtual business address will be in Fitzrovia, London. You will receive full details about your address after your company is registered and GoSolo business account is opened - available to view in My Company details in GoSolo App and in Companies House.
See terms & conditions for Virtual Business Address by Virtually There Offices Limited here: https://virtually-there.net/terms-and-conditions/
We collect information with our partner, Jumio, which is needed to verify your identity. The information we collect is: proof of identity (photo of passport, ID, and/or driver's licence); proof of address (photo of utility bill or bank statement); selfie; and the information contained on them (name, address, birth date). We also request verifications from the Companies House regarding your company name, business address, nature of business, ownership and directors details.
With our banking partners we will share your:
We may also share a review regarding politically exposed and/or high-risk individuals from Jumio, or our KYC/sanctions data provider at the time. We will also be providing Railsbank, from whom we license software, with transaction data from users, e.g. transaction amounts, recipients, target account numbers, etc.
Please keep your phone, card and PIN safe at all times. If we discover any security issues affecting your account, we'll contact you as soon as possible in the most secure way.
If you lose your card or it is stolen or see transactions in the app that look wrong, freeze your card if you are able and tell us as soon as possible.
If there are issues to do with arranging payments with third parties, these are dealt with by PayrNet in the "PayrNet Terms" section here: https://gosolo.net/payrnet-terms.
Save for our obligation to be the first point of contact for any initial complaints (before you are directed to PayrNet) we shall have no obligation or responsibility for the operation and provision (or lack of operation or provision) of services in connection with your account.
Once this agreement has started it won’t end until you or we end it.
If you'd like to close your account, please get in touch with us. You will need to repay any money you owe us before we can close your account. After you’ve repaid any money you owe us, any remaining funds on the account will need to be transferred to an alternative account before we can close your account. After you have contacted us asking to close your account and you have completed all the required payments, you will have 30-day grace period, when you will no longer be able to make payments but you would still be able to download your bank account statements and invoices. If you change your mind about closing your account during the 30-day grace period, you must notify GoSolo support team, and your GoSolo access will be restored. After 30-day grace period, once we've closed your business account, your card won't work and you won't be able to access your account.
GoSolo only offers business accounts for UK companies (newly registered companies or existing businesses). The purpose of GoSolo business account is to facilitate business-related transactions. If a GoSolo account is not used for the stated purpose, we may be required to close it.
We can close your account by giving you at least two months' notice. We may close your account or stop you using your card and app immediately if we believe you've:
We want all of our users to have a fantastic experience when using GoSolo, so when we hear that we have not provided a service to that standard, we want to do all that we can to make things right.
We hope that most matters can be resolved through an email or online chat conversation with one of the members of our team.
However, we appreciate that some matters sometimes require further escalation. That is what this section is for.
Should you find that you need to make a complaint, we can assure you that it will be addressed swiftly, fairly and efficiently, so that we can find a resolution as quickly as possible.
If you have a complaint, we ask that you do the following:
After you send your complaint email, you will receive an acknowledgement email from us within 7 business days. A senior member of our organisation will review the complaint and will respond within a few days. This initial response may offer a resolution or may begin a dialogue in an attempt to reach the best possible outcome.
We will try to resolve any complaints you have about your payment instrument or the service we provide to you within 15 business days of receiving your complaint and in exceptional circumstances, within 35 business days (and we will let you know if this is the case)
If we were unable to resolve your issue or our suggested resolution does not satisfy you, you can refer your complaint to the Financial Ombudsman Service. For more details you can visit their website at www.financial-ombudsman.org.uk.
This agreement will always be available in the app and on our website.
We can make changes to it for any reason. If we make changes to it then we'll tell you once we've made them.
If you don't agree to these changes, you can let us know and we'll close your account. We'll transfer any money in the account to another account of yours, and you'll need to pay back any money you owe us. If we don't hear from you, we'll assume that you're happy with the changes we've made.
You undertake not to adapt, modify, copy, reproduce, reverse engineer, publish, redistribute, sell, sub-license, exploit, or otherwise part with or make any other use of the app or the website, the intellectual property in the app or website , any data on the app or website, or the concept of the app or website more generally except for internal business purposes or to the extent required by law, nor to authorise, enable or assist any third party in doing so.
To the fullest extent permissible by law, we exclude and disclaim all warranties, terms, conditions and representations that might otherwise be implied by law in relation to our app. In particular, we do not represent or warrant that the app will be error-free, free of viruses or other harmful components, or that defects will be corrected. You must take your own precautions in this respect.
In any event, we will not be liable for any loss or damage caused by an attack from hackers or other malicious third parties (on the user, account, the app, website or the overall system), a distributed denial-of-service attack, viruses or other technologically harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of our app and website.
We do not accept liability for any failure to maintain the app and website.
Please note that we only provide our app and website for personal and private use, and you agree not to use our app and website site for any commercial or business purpose.
We do not accept any liability for the following types of loss, even if the loss is foreseeable: loss of income or revenue, loss of business, loss of profits, loss of anticipated savings, loss of data or waste of management of office time.
The app and/or website may contain inaccuracies and typographical errors. We do not warrant the accuracy or completeness of the website or app.
We shall not be liable for any loss caused as a result of your actions or inactions based on the app and/or website. However, nothing in these terms and conditions shall affect your statutory rights, and nothing in these terms and conditions shall exclude our liability for death or personal injury arising through negligence, for fraud or fraudulent misrepresentation and/or anything else that cannot be excluded or limited by us under English law.