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Merchant Alert: Canadian High-Risk Payment Procesor ywallit pay Received Red Compliance Rating

ywallit Pay received red compliane rating from PayRate42
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CyberRating agency PayRate42 has added Canadian high-risk payment processor and merchant service provider ywallit Pay to its Red Compliance list. Some aggrieved customers informed the agency of the payment processor that payouts were not being made properly. The website does not provide details about the operator and its owners. Merchants should be very careful and avoid ywallit pay.

Key Data

Trading nameywallit Pay
Business activityHigh-risk payment processor
Domainshttps://ywallitpay.com
http://ywallit.com
Social mediaLinkedIn
Contact data[email protected]
+1 (778) 882-YPAY(9729)
Legal entityGreensun Company Ltd (Belize)
JurisdictionsBelize, Canada
AuthorizationNo
Related individualsKen McLarty (LinkedIn)
PayRate42 ratingRed Compliance (PR42 profile)

Short Narrative

According to the information available to us, ywallit Pay uses Greensun Company Ltd, registered in Belize, as its official operator. However, this company is listed as inactive in OpenCorporate. Ken McLarty, who lives in Ontario, acts as CEO.

According to customer reports, smaller amounts are paid out to merchants, but larger amounts are withheld. As a result, PayRate42 has placed ywallit Pay on its Red Compliance list. We advise merchants to be extremely cautious.

Share Information

If you have any information about ywallit Pay, its operators and facilitators, please let us know through our whistleblower system, Whistle42.

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