A few days ago, we issued a Request 4 Information (R4I) regarding the high-risk payment processors OctaPay and iPayTotal. According to several reports, the two payment processors are connected through Vishal Coodye and its Rashal International LLC. We have since received confirmation that the Europe headquarters is in Cyprus. In addition, on 9 Dec 2020, OctaPay announced that its European CEO Christian van Biezen was fired because he refused to accept Octopay‘s illegal business practices.
The LinkedIn profile of Christian van Biezen tells us that he was Octopay‘s Director of Strategic Partnerships and the company’s CEO for Europe. Currently, he is looking for a new job. His departure from Octapay might have been a rather dirty business we hear from insiders. We reached out to van Biezen for a statement to the massive accusations and will report.
In the payment processor scene, it is believed that iPayTotal and Octapay are connected. Especially against iPayTotal, there are heavy accusations of blackmailing merchants and/or partners and non-payouts. We are currently unable to confirm with certainty the accuracy of these public accusations. If you have any information about this, we would be happy if you would share it with us.