ShieldPay enables people and businesses to send and receive money online. Funds transferred through ShieldPay are then logged, locked and stored in the ShieldPay Vault. The money is securely held on trust |(managed by ShieldPay and held with Barclays Bank plc) until the parties are happy to transact with each other.
You can open a ShieldPay account to use the platform to make single "one-off" or ongoing payments. You can also use ShieldPay to receive payments as well as send them securely, with the added piece of mind of having the transaction records stored in one place.