The payment provider sQuid, which has ceased operating in the UK, will now hand parents back more of their money following a聽Schools Week听颈苍惫别蝉迟颈驳补迟颈辞苍. We revealed last month how sQuid, which provided parents with online accounts for funds for school meals and trips, had said it would only refund parents for balances over 拢10 鈥� and those wanting to withdraw their cash must pay a 拢10 鈥渁dministration fee鈥�. While parents tend to keep small amounts on sQuid accounts, schools said it can add up. One trust claimed sQuid holds about 拢43,000 deposited by parents at its schools. Others said the company was holding between 拢5,000 and 拢8,000. But after Schools Week鈥檚 story was picked up by The Guardian, BBC and consumer champion Martin Lewis, the company said it would change tack. A spokesperson said: “The company understands why some schools and parents are upset that there has been a charge applied for refunds, even though there is a real cost to administer this service. 鈥淗aving listened carefully to schools and parents the company has reviewed its refund policy.” They said refunds would 鈥渢ake a little time, so we ask parents to be patient while we put these amended arrangements in place鈥�. Company apologises “We apologise for any confusion we may have caused and will work with all the schools involved to minimise any further inconvenience for parents.“ sQuid said it would aim in the first instance to work with schools to arrange a full refund with no charge. The child’s school would contact parents directly, which meant they would not need to apply for a refund through sQuid’s website. Where a school could not manage the refund, the 拢10 charge would be reduced to a maximum of 拢2.50, with parents able to request a refund through Squid’s online portal. The charge would vary between 20p and 拢2.50, depending on the refund amount. They would be refunded automatically if they had already paid the higher 拢10 fee.