Small payment institution limit calculator
A UK small payment institution must keep its average monthly payments at or under €3 million over the last 12 months. See how much of that you're using and when your growth would take you over. Free, no sign-up, nothing leaves your browser.
The starting figures and exchange rate are examples: use your own. This is a planning sum, not legal advice; check how payment transactions are counted for your own business.
The volume limit
To stay a small payment institution, a firm's average monthly payment transactions must not exceed €3 million over the previous 12 months. Above that, it needs to become an authorised payment institution, which has no volume cap but stricter requirements.
Other routes to market
Many new platforms don't hold a licence at first. They work with a licensed partner that provides the regulated services, and apply for their own permissions later if it makes sense.
Launch your own payments platform
SendPay platforms are powered by licensed partners. SendPay tells you in writing which licences apply to your platform before you pay.