Merchant Warning: Complaints About Payment Processor Boom-Bill!

Whistleblower report problems with Serbian high-risk processor BoomBill
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One of the biggest challenges for high-risk merchants is the efficient handling of their payment processes. A vast global segment of high-risk payment processors is focused on these merchants. They provide bank accounts and access to credit card networks for relatively high commissions. However, merchants often face trouble getting their money. We have received warnings that the Serbian high-risk payment processor Boom-Bill, a/k/a BoomBill, would not pay out its merchants.

Key Data

Trading namesBoom-Bill
Legal entityBoom Financial Management doo
Related individualBozidar Vukmanovic
Paycom42 profileBoom-Bill on PayCom42

Short Narrative

The Serbian entity Boom Financial Management d.o.o. d/b/a BoomBill was founded in Belgrade in March 2021 by Serbian Bozidar Vukmanovic with a share capital of RSD 10,000 and focused on “super-high-risk” merchants. The payment processor offers merchant accounts for “hard to place & high-risk businesses.”

Whistleblowers report that there are issues with BoomBill paying out to merchants. We cannot verify this at this time but warn all Merchants to be cautious. In 9 out of 10 cases, such whistleblower reports are accurate.

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If you have any information about BoomBill, a/k/a Boom-Bill, its operators, or experience as a merchant, please let us know via our whistleblower system, Whistle42.

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