Tag: Bozidar Vukmanovic

The vanished BoomBill was the trading name of the Serbian Boom Financial Management DOO, registered in Belgrade. It was a merchant of record or master merchant of Xcepts and allegedly used a fake individual and a fake company to receive an account from Xcepts. Boom had many sub-merchants, one of which was Paypound. According to new information, Serbian Bozidar Vukmanovic is a frontman for the unknown economic owner who calls himself Sebastian and is reportedly in the United Arab Emirates.

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, often merchants 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.