Business account

Business account terms

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The service
With Shrap you can:
  • Deposit money to your Shrap account as a float
  • Use this to give change to customers
  • Receive payments from customers
  • Withdraw money from your Shrap account
How do we keep you safe?
  • Any money in your Shrap account is held separately from Shrap’s own finances: we can’t use it or clear your account.
  • We are regulated by the Financial Conduct Authority and we hold your money securely.
  • Your account is PIN protected.
How should you keep yourself safe?
  • We recommend restricting access to your Shrap wallet, only giving access to people who you normally trust to access to your till.
  • You can update your wallet settings to require a PIN for all payments.
  • Whenever you make a payment, make sure you are paying the right amount to the right recipient. Shrap is anonymous and non-traceable, so we cannot refund any payments (even if you make a mistake).
What fees will I be charged?

The standard service is free to all individuals and small businesses. To see a complete listing of our fees, click here.

Your balance
Does my balance expire?

Like cash, your Shrap balance does not expire.

Shrap may offer bonuses which will be added to the balance on your account: these may expire if you don’t use your account for more than 90 days.

You can close your account at any time

You can close your account at any time by emailing us at, and we’ll refund any outstanding balance to your bank account. If we already have your bank details this is normally done within a week, but may take longer if we need to ask for your bank details.

Upon termination of your account, Shrap won’t compensate you for any losses resulting from no longer being able to access the account.

To use Shrap, you must:
  • follow all local laws, rules and regulations
  • avoid doing anything that maliciously or disproportionately overloads our systems
  • only use funds that are the result of lawful activities.
No warranties
We always do our best, but we can’t guarantee you’ll always be able to access our services. We also have the right to refuse our services or discontinue them at any time.

The services are provided to you ‘as is’. While we do the best we can to make sure our services are available, we can’t guarantee you’ll always be able to access them (for example, if our systems are down or the internet is unavailable).

We may refuse to offer our services to any person or entity, or discontinue our services.

We have limited responsibility
We aren’t liable for your use of Shrap. Shrap is just like change in your pocket: if you spend it or lose it, it’s gone. If you want a fully traceable solution, Shrap is not right for you.

We aren’t accountable for any payment you do, because Shrap is just like change in your pocket: if you spend it or lose it, it’s gone. If you want a fully traceable solution, Shrap is not right for you.

Shrap isn’t responsible to you or to any third-party for any claims or damages that may result from using Shrap.

Don’t copy our stuff!
All parts of the Shrap service are our intellectual property. Don’t steal or copy anything!

Shrap owns its services and all associated content (or uses them with someone’s else permission). These include, without limitation: software, web technologies, source code, concepts, artwork, photos, animations, sounds, methods of operation, moral rights, documentation, and virtual items.

You aren’t allowed to resell or copy any of it for any commercial or competitive activity or purpose.

If you don't follow the rules...
If you violate these terms, we can suspend your access to Shrap or kick you out for good. You may also have to pay if your bad behaviour lands us in any legal trouble.

If we suspect that you are not complying with these terms, we may restrict your access to Shrap or delete your account without letting you know first.

You will also protect

  • Shrap,
  • its affiliates,
  • its service providers, and
  • each of their respective officers, directors, agents, employees, and representatives

from any claim or demand, including

  • legal fees and costs, and
  • any fines, fees or penalties imposed by any regulatory authority

which may arise out of your

  • breach of these Terms or
  • use and/or access of our services.
About these terms and Shrap

Shrap is a limited company (number 11349561) registered at

87 North Road,
BH14 0LT.

The laws of England and Wales apply to these terms.

Summaries and images in these terms are not legally enforceable: we just added them to help you better understand the terms.