Bacs direct participation

Bacs direct participation is open to banks, building societies, authorised electronic money institutions and authorised payment institutions.

When determining whether Bacs direct participation is right for your organisation, a good starting point is to download the Bacs service principles which details the main considerations to take into account when deciding on the best access route, and offers an overview of the onboarding process.

It’s also important to consider the relevant eligibility criteria, while it’s worth remembering that payment service providers (PSPs) can be sponsored into the Bacs system by a Bacs participant, if direct participation is not considered appropriate.

For more information on becoming a Bacs direct participant email access@wearepay.uk.

 

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