Best British Pound / Jordanian Dinar Exchange Rate Today: 0.8863
Our comparison table and live data feed show the top euro rate you're likely to achieve for international payments is 0.8836, and the most competitive travel money / cash rates start at approximately 0.8640.
Live rate: 1 GBP = 0.8863 JOD (-0.12% )
Inverted: 1 JOD = 1.1283 GBP
Click here for our full travel and holiday rates comparison tool.
Comparison Results:
| Provider | Exchange Rate | Fee | You Get | Service | Notes | Action |
Live Market Rate | 0.8863 | 0 | 0.8774 | |||
 | 0.8836 (indicative) | 0 | 0.8836 | International Payments and Transfers | Experts in international money transfers for business and individuals, delivering industry-beating exchange rates. | |
 | 0.8801 (indicative) | 0 | 0.8801 | International Payments and Transfers | Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent. | |
 | 0.8863 | 0.93% | 0.8781 | Best Multi-Currency Card | One currency card for all your travels. Use it instantly as a digital card and top-up from the app, with the mid-market rate. 40+ currencies. Save up to 87% when you spend internationally. | |
 | 0.8640 | 0 | 0.8640 | Holiday FX, Cash Delivery | A specialist alternative to banks, bureau de change & the Post Office for clients seeking competitive currency exchange rates. A multiple award-winning company, offering free delivery (over £700.00), no commission charges, payment by Debit Card or Bank Transfer and typically offering the best exchange rates available. | |
 | 0.8589 | 0 | 0.8589 | Best Branch Collection | Also offer delivery and cash buyback services. Home delivery orders of £5 and above are accepted, for branch collection the minimum is £500. One of the highest rated companies we survey according to independent rating review providers. | |
 | 0.7697 | 0 | 0.7697 | Holiday FX, Cash Delivery | Covent Garden FX is a family-owned and operated Bureau De Change located in the heart of Central London. Established for over 20 years, we offer extremely competitive exchange rates with no commission and no fees. | |
Best Bank Rate  | 0.8615 (upper range) | Variable | 0.8615 | Payments, transfers, holiday money | Determined using data on spread charges supplied by IMTI | |
Worst Bank Rate | 0.8553 (lower range) | Variable | 0.8553 | Payments, transfers, holiday money | Determined using data on spread charges supplied by Money Mover and Accourt | |
Paypal  | 0.8464 | 0 | 0.8464 | International Payments and Transfers |
GBP/JOD Live Chart and Data
Set Alert« | » |
January - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.9049 Close: 0.8977 Mid: 0.9013 | 3 Open: 0.8976 Close: 0.8962 Mid: 0.8969 | 4 Open: 0.8963 Close: 0.9006 Mid: 0.8986 | 5 Open: 0.9005 Close: 0.8983 Mid: 0.8994 | 6 | |
7 | 8 Open: 0.9027 Close: 0.9025 Mid: 0.9026 | 9 | 10 Open: 0.9024 Close: 0.9028 Mid: 0.9026 | 11 Open: 0.9030 Close: 0.9030 Mid: 0.9030 | 12 Open: 0.9031 Close: 0.9044 Mid: 0.9038 | 13 |
14 | 15 Open: 0.9043 Close: 0.9042 Mid: 0.9043 | 16 Open: 0.9041 Close: 0.9036 Mid: 0.9039 | 17 Open: 0.9031 Close: 0.9012 Mid: 0.9022 | 18 Open: 0.9011 Close: 0.9010 Mid: 0.9011 | 19 Open: 0.9010 Close: 0.8998 Mid: 0.9004 | 20 |
21 | 22 Open: 0.8999 Close: 0.9003 Mid: 0.9001 | 23 Open: 0.9004 Close: 0.9008 Mid: 0.9006 | 24 Open: 0.9007 Close: 0.9034 Mid: 0.9021 | 25 Open: 0.9031 Close: 0.9031 Mid: 0.9031 | 26 Open: 0.9030 Close: 0.9033 Mid: 0.9030 | 27 |
28 | 29 Open: 0.9031 Close: 0.9028 Mid: 0.9030 | 30 Open: 0.9027 Close: 0.9026 Mid: 0.9027 | 31 Open: 0.9025 Close: 0.9010 Mid: 0.9018 |
February - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.9009 Close: 0.8978 Mid: 0.8993 | 2 Open: 0.8983 Close: 0.8983 Mid: 0.8983 | 3 | ||||
4 | 5 Open: 0.8980 Close: 0.8891 Mid: 0.8936 | 6 Open: 0.8891 Close: 0.8891 Mid: 0.8891 | 7 Open: 0.8894 Close: 0.8952 Mid: 0.8923 | 8 Open: 0.8952 Close: 0.8935 Mid: 0.8944 | 9 Open: 0.8936 Close: 0.8936 Mid: 0.8936 | 10 |
11 | 12 Open: 0.8937 Close: 0.8941 Mid: 0.8939 | 13 Open: 0.8942 Close: 0.8943 Mid: 0.8943 | 14 Open: 0.8942 Close: 0.8902 Mid: 0.8922 | 15 Open: 0.8903 Close: 0.8903 Mid: 0.8903 | 16 | 17 |
18 | 19 Open: 0.8906 Close: 0.8916 Mid: 0.8911 | 20 | 21 Open: 0.8919 Close: 0.8946 Mid: 0.8933 | 22 Open: 0.8947 Close: 0.8947 Mid: 0.8947 | 23 Open: 0.8949 Close: 0.8958 Mid: 0.8954 | 24 |
25 | 26 Open: 0.8959 Close: 0.8962 Mid: 0.8961 | 27 Open: 0.8994 Close: 0.8996 Mid: 0.8994 | 28 Open: 0.8996 Close: 0.8972 Mid: 0.8984 | 29 Open: 0.8973 Close: 0.8984 Mid: 0.8980 |
March - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.8982 Close: 0.8956 Mid: 0.8968 | 2 | |||||
3 | 4 Open: 0.8957 Close: 0.8959 Mid: 0.8958 | 5 Open: 0.8961 Close: 0.8961 Mid: 0.8961 | 6 Open: 0.8964 Close: 0.9021 Mid: 0.8993 | 7 Open: 0.9022 Close: 0.9042 Mid: 0.9032 | 8 Open: 0.9045 Close: 0.9124 Mid: 0.9085 | 9 |
10 | 11 Open: 0.9123 Close: 0.9084 Mid: 0.9104 | 12 Open: 0.9084 Close: 0.9084 Mid: 0.9084 | 13 Open: 0.9083 Close: 0.9083 Mid: 0.9083 | 14 Open: 0.9082 Close: 0.9081 Mid: 0.9082 | 15 Open: 0.9077 Close: 0.9042 Mid: 0.9060 | 16 |
17 | 18 Open: 0.9028 Close: 0.9027 Mid: 0.9028 | 19 Open: 0.9027 Close: 0.9025 Mid: 0.9026 | 20 Open: 0.9018 Close: 0.8999 Mid: 0.9008 | 21 Open: 0.9004 Close: 0.9009 Mid: 0.9007 | 22 Open: 0.9006 Close: 0.9003 Mid: 0.9005 | 23 |
24 | 25 Open: 0.8998 Close: 0.8990 Mid: 0.8994 | 26 Open: 0.8956 Close: 0.8957 Mid: 0.8957 | 27 Open: 0.8955 Close: 0.8954 Mid: 0.8955 | 28 Open: 0.8953 Close: 0.8951 Mid: 0.8952 | 29 Open: 0.8951 Close: 0.8950 Mid: 0.8951 | 30 |
31 |
April - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.8894 Close: 0.8894 Mid: 0.8894 | 2 Open: 0.8898 Close: 0.8898 Mid: 0.8898 | 3 Open: 0.8929 Close: 0.8929 Mid: 0.8929 | 4 Open: 0.8932 Close: 0.8935 Mid: 0.8934 | 5 Open: 0.8937 Close: 0.8937 Mid: 0.8937 | 6 | |
7 | 8 Open: 0.8950 Close: 0.8951 Mid: 0.8950 | 9 Open: 0.8953 Close: 0.9002 Mid: 0.8978 | 10 Open: 0.9001 Close: 0.8940 Mid: 0.8971 | 11 Open: 0.8936 Close: 0.8901 Mid: 0.8919 | 12 Open: 0.8901 Close: 0.8899 Mid: 0.8900 | 13 |
14 | 15 Open: 0.8894 Close: 0.8885 Mid: 0.8890 | 16 Open: 0.8880 Close: 0.8872 Mid: 0.8876 | 17 Open: 0.8867 Close: 0.8812 Mid: 0.8840 | 18 Open: 0.8813 Close: 0.8823 Mid: 0.8818 | 19 Open: 0.8822 Close: 0.8828 Mid: 0.8825 | 20 |
21 | 22 Open: 0.8824 Close: 0.8735 Mid: 0.8780 | 23 Open: 0.8737 Close: 0.8739 Mid: 0.8738 | 24 Open: 0.8814 Close: 0.8814 Mid: 0.8814 | 25 Open: 0.8815 Close: 0.8815 Mid: 0.8815 | 26 Open: 0.8819 Close: 0.8822 Mid: 0.8821 | 27 |
28 | 29 Open: 0.8826 Close: 0.8880 Mid: 0.8853 | 30 Open: 0.8882 Close: 0.8883 Mid: 0.8883 |
May - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.8881 Close: 0.8879 Mid: 0.8880 | 2 | 3 Open: 0.8879 Close: 0.8899 Mid: 0.8889 | 4 | |||
5 | 6 Open: 0.8899 Close: 0.8898 Mid: 0.8898 | 7 Open: 0.8899 Close: 0.8886 Mid: 0.8893 | 8 Open: 0.8884 Close: 0.8849 Mid: 0.8866 | 9 Open: 0.8849 Close: 0.8849 Mid: 0.8850 | 10 Open: 0.8851 Close: 0.8851 Mid: 0.8851 | 11 |
12 | 13 Open: 0.8852 Close: 0.8899 Mid: 0.8876 | 14 Open: 0.8899 Close: 0.8900 Mid: 0.8900 | 15 Open: 0.8901 Close: 0.8909 Mid: 0.8905 | 16 Open: 0.8915 Close: 0.8971 Mid: 0.8943 | 17 Open: 0.8972 Close: 0.8972 Mid: 0.8972 | 18 |
19 | 20 Open: 0.8975 Close: 0.9002 Mid: 0.8989 | 21 Open: 0.9002 Close: 0.9003 Mid: 0.9003 | 22 Open: 0.9004 Close: 0.9012 Mid: 0.9008 | 23 Open: 0.9012 Close: 0.9013 Mid: 0.9013 | 24 Open: 0.9012 Close: 0.9027 Mid: 0.9020 | 25 |
26 | 27 Open: 0.9027 Close: 0.9028 Mid: 0.9028 | 28 Open: 0.9030 Close: 0.9064 Mid: 0.9047 | 29 Open: 0.9063 Close: 0.9060 Mid: 0.9062 | 30 Open: 0.9013 Close: 0.9012 Mid: 0.9013 | 31 Open: 0.9013 Close: 0.9019 Mid: 0.9016 |
June - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | ||||||
2 | 3 Open: 0.9020 Close: 0.9071 Mid: 0.9046 | 4 Open: 0.9072 Close: 0.9072 Mid: 0.9072 | 5 Open: 0.9071 Close: 0.9052 Mid: 0.9062 | 6 Open: 0.9053 Close: 0.9051 Mid: 0.9051 | 7 Open: 0.9052 Close: 0.9073 Mid: 0.9063 | 8 |
9 | 10 Open: 0.9069 Close: 0.9053 Mid: 0.9061 | 11 Open: 0.9051 Close: 0.9013 Mid: 0.9032 | 12 Open: 0.9014 Close: 0.9017 Mid: 0.9016 | 13 Open: 0.9020 Close: 0.9050 Mid: 0.9036 | 14 Open: 0.9050 Close: 0.9050 Mid: 0.9050 | 15 |
16 | 17 Open: 0.9046 Close: 0.9038 Mid: 0.9042 | 18 Open: 0.9035 Close: 0.9035 Mid: 0.9035 | 19 Open: 0.9033 Close: 0.9019 Mid: 0.9026 | 20 Open: 0.9019 Close: 0.8985 Mid: 0.9002 | 21 Open: 0.8984 Close: 0.8951 Mid: 0.8968 | 22 |
23 | 24 Open: 0.8952 Close: 0.8974 Mid: 0.8963 | 25 Open: 0.8975 Close: 0.8993 Mid: 0.8984 | 26 Open: 0.8992 Close: 0.8957 Mid: 0.8975 | 27 Open: 0.8956 Close: 0.8976 Mid: 0.8966 | 28 Open: 0.8974 Close: 0.8958 Mid: 0.8966 | 29 |
30 |
July - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.8968 Close: 0.8968 Mid: 0.8968 | 2 Open: 0.8968 Close: 0.8977 Mid: 0.8972 | 3 Open: 0.8978 Close: 0.9050 Mid: 0.9014 | 4 Open: 0.9048 Close: 0.9041 Mid: 0.9045 | 5 Open: 0.9042 Close: 0.9078 Mid: 0.9060 | 6 | |
7 | 8 Open: 0.9078 Close: 0.9097 Mid: 0.9089 | 9 Open: 0.9077 Close: 0.9070 Mid: 0.9074 | 10 Open: 0.9070 Close: 0.9098 Mid: 0.9083 | 11 Open: 0.9099 Close: 0.9130 Mid: 0.9115 | 12 Open: 0.9131 Close: 0.9194 Mid: 0.9163 | 13 |
14 | 15 Open: 0.9194 Close: 0.9199 Mid: 0.9196 | 16 Open: 0.9198 Close: 0.9180 Mid: 0.9189 | 17 Open: 0.9181 Close: 0.9228 Mid: 0.9205 | 18 Open: 0.9228 Close: 0.9202 Mid: 0.9215 | 19 Open: 0.9200 Close: 0.9156 Mid: 0.9178 | 20 |
21 | 22 Open: 0.9155 Close: 0.9156 Mid: 0.9156 | 23 Open: 0.9156 Close: 0.9149 Mid: 0.9153 | 24 Open: 0.9149 Close: 0.9154 Mid: 0.9150 | 25 Open: 0.9153 Close: 0.9127 Mid: 0.9140 | 26 Open: 0.9125 Close: 0.9123 Mid: 0.9124 | 27 |
28 | 29 Open: 0.9122 Close: 0.9101 Mid: 0.9112 | 30 Open: 0.9102 Close: 0.9099 Mid: 0.9102 | 31 Open: 0.9099 Close: 0.9104 Mid: 0.9102 |
August - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.9105 Close: 0.9070 Mid: 0.9088 | 2 Open: 0.9067 Close: 0.9038 Mid: 0.9050 | 3 | ||||
4 | 5 Open: 0.9040 Close: 0.9047 Mid: 0.9044 | 6 | 7 Open: 0.9044 Close: 0.9019 Mid: 0.9032 | 8 Open: 0.9018 Close: 0.9017 Mid: 0.9018 | 9 Open: 0.9018 Close: 0.9029 Mid: 0.9024 | 10 |
11 | 12 Open: 0.9030 Close: 0.9060 Mid: 0.9045 | 13 Open: 0.9059 Close: 0.9065 Mid: 0.9062 | 14 Open: 0.9069 Close: 0.9099 Mid: 0.9085 | 15 Open: 0.9098 Close: 0.9113 Mid: 0.9105 | 16 Open: 0.9112 Close: 0.9135 Mid: 0.9124 | 17 |
18 | 19 Open: 0.9138 Close: 0.9180 Mid: 0.9159 | 20 Open: 0.9182 Close: 0.9234 Mid: 0.9208 | 21 Open: 0.9234 Close: 0.9236 Mid: 0.9234 | 22 Open: 0.9239 Close: 0.9290 Mid: 0.9265 | 23 | 24 |
25 | 26 Open: 0.9295 Close: 0.9295 Mid: 0.9295 | 27 Open: 0.9381 Close: 0.9380 Mid: 0.9381 | 28 Open: 0.9381 Close: 0.9358 Mid: 0.9370 | 29 Open: 0.9357 Close: 0.9340 Mid: 0.9350 | 30 Open: 0.9339 Close: 0.9313 Mid: 0.9326 | 31 |
September - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.9313 Close: 0.9313 Mid: 0.9313 | 3 Open: 0.9314 Close: 0.9287 Mid: 0.9301 | 4 Open: 0.9287 Close: 0.9322 Mid: 0.9306 | 5 Open: 0.9321 Close: 0.9321 Mid: 0.9321 | 6 Open: 0.9322 Close: 0.9368 Mid: 0.9347 | 7 |
8 | 9 Open: 0.9363 Close: 0.9272 Mid: 0.9318 | 10 Open: 0.9272 Close: 0.9281 Mid: 0.9277 | 11 Open: 0.9280 Close: 0.9272 Mid: 0.9276 | 12 Open: 0.9270 Close: 0.9262 Mid: 0.9266 | 13 Open: 0.9265 Close: 0.9311 Mid: 0.9288 | 14 |
15 | 16 Open: 0.9302 Close: 0.9313 Mid: 0.9308 | 17 Open: 0.9316 Close: 0.9349 Mid: 0.9333 | 18 Open: 0.9347 Close: 0.9367 Mid: 0.9355 | 19 Open: 0.9370 Close: 0.9397 Mid: 0.9384 | 20 Open: 0.9399 Close: 0.9440 Mid: 0.9420 | 21 |
22 | 23 Open: 0.9440 Close: 0.9455 Mid: 0.9447 | 24 Open: 0.9455 Close: 0.9484 Mid: 0.9470 | 25 Open: 0.9486 Close: 0.9472 Mid: 0.9480 | 26 Open: 0.9470 Close: 0.9489 Mid: 0.9479 | 27 Open: 0.9490 Close: 0.9493 Mid: 0.9492 | 28 |
29 | 30 Open: 0.9492 Close: 0.9492 Mid: 0.9492 |
October - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.9491 Close: 0.9486 Mid: 0.9489 | 2 Open: 0.9481 Close: 0.9412 Mid: 0.9447 | 3 Open: 0.9412 Close: 0.9287 Mid: 0.9349 | 4 Open: 0.9288 Close: 0.9290 Mid: 0.9289 | 5 | ||
6 | 7 Open: 0.9290 Close: 0.9271 Mid: 0.9281 | 8 Open: 0.9272 Close: 0.9273 Mid: 0.9273 | 9 Open: 0.9274 Close: 0.9269 Mid: 0.9272 | 10 Open: 0.9269 Close: 0.9248 Mid: 0.9259 | 11 | 12 |
13 | 14 Open: 0.9248 Close: 0.9250 Mid: 0.9249 | 15 Open: 0.9250 Close: 0.9276 Mid: 0.9263 | 16 | 17 Open: 0.9263 Close: 0.9215 Mid: 0.9239 | 18 Open: 0.9216 Close: 0.9254 Mid: 0.9235 | 19 |
20 | 21 Open: 0.9253 Close: 0.9253 Mid: 0.9253 | 22 Open: 0.9207 Close: 0.9207 Mid: 0.9207 | 23 Open: 0.9207 Close: 0.9206 Mid: 0.9207 | 24 Open: 0.9203 Close: 0.9203 Mid: 0.9203 | 25 Open: 0.9203 Close: 0.9202 Mid: 0.9203 | 26 |
27 | 28 Open: 0.9208 Close: 0.9208 Mid: 0.9208 | 29 | 30 Open: 0.9210 Close: 0.9206 Mid: 0.9209 | 31 Open: 0.9205 Close: 0.9203 Mid: 0.9204 |
November - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 Open: 0.9199 Close: 0.9199 Mid: 0.9199 | 2 | |||||
3 | 4 Open: 0.9200 Close: 0.9188 Mid: 0.9196 | 5 Open: 0.9188 Close: 0.9207 Mid: 0.9198 | 6 Open: 0.9131 Close: 0.9132 Mid: 0.9132 | 7 Open: 0.9132 Close: 0.9132 Mid: 0.9132 | 8 | 9 |
10 | 11 Open: 0.9133 Close: 0.9138 Mid: 0.9136 | 12 | 13 Open: 0.9131 Close: 0.9041 Mid: 0.9086 | 14 Open: 0.9038 Close: 0.9001 Mid: 0.9020 | 15 Open: 0.9000 Close: 0.8999 Mid: 0.9000 | 16 |
17 | 18 Open: 0.8997 Close: 0.8957 Mid: 0.8977 | 19 Open: 0.8960 Close: 0.8961 Mid: 0.8961 | 20 Open: 0.8964 Close: 0.8965 Mid: 0.8965 | 21 Open: 0.8966 Close: 0.8928 Mid: 0.8947 | 22 Open: 0.8928 Close: 0.8927 Mid: 0.8928 | 23 |
24 | 25 Open: 0.8928 Close: 0.8916 Mid: 0.8922 | 26 Open: 0.8916 Close: 0.8907 Mid: 0.8912 | 27 Open: 0.8908 Close: 0.8908 Mid: 0.8908 | 28 | 29 Open: 0.8916 Close: 0.8916 Mid: 0.8916 | 30 |
December - 2024
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
1 | 2 Open: 0.8922 Close: 0.8952 Mid: 0.8937 | 3 Open: 0.8953 Close: 0.8977 Mid: 0.8965 | 4 Open: 0.8978 Close: 0.8978 Mid: 0.8978 | 5 Open: 0.8980 Close: 0.9040 Mid: 0.9010 | 6 Open: 0.9041 Close: 0.9042 Mid: 0.9042 | 7 |
8 | 9 Open: 0.9058 Close: 0.9058 Mid: 0.9058 | 10 Open: 0.9057 Close: 0.9044 Mid: 0.9051 | 11 Open: 0.9054 Close: 0.9053 Mid: 0.9054 | 12 Open: 0.9052 Close: 0.9007 Mid: 0.9030 | 13 Open: 0.9005 Close: 0.8950 Mid: 0.8978 | 14 |
15 | 16 Open: 0.8951 Close: 0.9001 Mid: 0.8976 | 17 Open: 0.9001 Close: 0.9023 Mid: 0.9012 | 18 Open: 0.9023 Close: 0.9013 Mid: 0.9018 | 19 Open: 0.9007 Close: 0.8874 Mid: 0.8941 | 20 Open: 0.8874 Close: 0.8863 Mid: 0.8868 | 21 |
22 | 23 | 24 | 25 | 26 | 27 | 28 |
29 | 30 | 31 |
Compare Exchange Rates:
Know What the Best Exchange Rate Looks Like
Benchmark the exchange rate market with Pound Sterling Live's custom currency rate comparison tool with built-in algorithms to find the best rates in the market.
Banks and financial institutions buy and sell currency from each other - these sizeable institutions are 'the market' and the rate they transact at is the 'market rate'. The difference between how much a currency is purchased and sold is the spread, which is essentially the difference between the buy and sell price.
But, when currency is sold by banks to retail customers that spread widens significantly and the profit on the transaction is therefore substantially larger.
Therefore when we focus on the transfer fee when sending money abroad we often miss the biggest cost: the exchange rate spread.
Foreign exchange providers have essentially recognised this and they enter the market to transfer money at tighter spreads, thereby saving potentially significant amounts of money for their clients simply by providing better exchange rates.
For example, the transfer of £100K into euros is expected to attract a rate that delivers between €112,480 and €113,296 with the UK's leading high street banks. But FCA authorised providers will provide a rate that delivers between €115,510 and €115,740 (using rates on 05/07/21).
Taking the time to work with a FCA regulated currency provider could therefore result in the delivery of an extra euros amount of between €2444 and €3030.
Pound Sterling Live only works with foreign exchange payment companies that are FCA Authorised. This is important: FCA regulations and oversight requires the money they transfer on your behalf to be protected through a process known as 'safeguarding'. Safeguarding requires the payments company to keep your money separate from their own money in a top-tier bank. Therefore if the provider comes under stress your money should be protected.
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