Tag: Billy Eldridge

We recently reported that NeoBanQ, like iPayTotal before it, tried to get out of UK Companies House via a voluntary strike-off. However, in both cases, creditors objected, and the strike-off procedure was suspended. Companies House officially lists Briton Billy Eldridge as director and beneficial owner. Evidently, he is just a monkey. Former employees have told us that the company is actually run by Ruchi Rathor and Aditya Williams and belongs to the dark iPayTotal empire, just like the dissolved and disappeared OctaPay.

It's no secret that high-risk payment processors like to disappear. Unfortunately, very often with their merchants' money. This is what happened with the Indian-British iPayTotal, which filed for a voluntary strike-off in October 2020. That was suspended over the objection of a creditor. The UK High Court of Justice subsequently ordered insolvency and liquidation. Merchants' money was long gone by then. Billy Eldridge's NeoBanQ filed a Voluntary Strike Off application in Oct 2021 which was suspended due to a creditor's objection in Nov 2021. Extreme caution is in order for Merchants.

NeoBanQ is one of the most aggressive scam-facilitating payment processors for credit and debit card processing. To name a few, Apollo Finances, Fortexo, ProfitMarket, ProAktivMarket, or StatusMarkets we have uncovered in the last few weeks. Often NeoBanQ works in combination with BridgerPay cashier. NeoBanQ is operated through an unregulated legal entity in the United Kingdom and controlled by Billy Eldridge. Since its launch in early 2020, the payment processor has facilitated dozens of major scams.