Introducing The Ukrainian Payment Processor PayOp!

High-risk processor PayOp on FinTelegram
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PayOp is a Ukrainian high-risk payment processor operated through legal entities in Canada and Singapore. Transferop Payment Gateway Ltd is a money service business registered with FINTRAC Canada and Fintech Decision Pte. Ltd, registered with MAS. We last discovered PayOp as a payment processor in the Binarium broker scam (report here). According to the latest Similarweb statistics, PayOp receives the most traffic from gambling sites.

Key Data

Trading namePayOp
Business activityHigh-risk payment Processor and
merchant service provider
Social mediaLinkedIn
Legal entityTransferop Payment Gateway Ltd, Canada
Fintech Decision Pte. Ltd, Singapore
JurisdictionsUkraine, Canada
AuthorizationFINTRAC Canada with registration number #M22769088
MAS Singapore
Related individualsDenys Myloserdov
Andrey Pastuhov
Payrate42 ratingOrange (PayOp profile)

Short Narrative

Most of the employees connected to PayOp on LinkedIn are based in Ukraine. Director General Denys Myloserdov is a Ukrainian living in Singapore. Andrey Pastuhov is a strategic advisor at PayOp.

As of September 2022, more than 530,000 people have visited the site and spent more than 2 minutes on the site doing their business. More than a third of the referring websites are from the gaming sector. PayOp merchants include providers such as GameBoost and Lootstore, specializing in in-game services and currencies.

We have not received any complaints about PayOp. On Trustpilot, the payment processor holds a 3.9-star rating with a corresponding “Great” trust level.

Share Information

We would like to know more about PayOp and its activities. If you have any information about them, please share it with us through our whistleblower system, Whistle42.

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