My transactions are being paid out by ‘SEGREGATED ACCOUNT’. What is this?

Previously, your daily transactions were paid out under the name “BANCONTACT PAYCONIQ COMPANY.” You may now see “SEGREGATED ACCOUNT” as the payer name instead. The “SEGREGATED ACCOUNT” is a trusted bank account belonging to Bancontact Payconiq Company.

We understand this may be confusing and are currently investigating how to revert this change as soon as possible.