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Tag: iPayTotal

November 6, 2022

Merchant Alert: New High-Risk Payment Processor BizzBusters Ante Portas!

BizzBusters Ltd was a UK-registered company founded in 2012 by Indian Anurag Pratap Singh, the husband of British-Indian high-risk payment scammer Ruchi Rathor. The company was dissolved in 2016 via a compulsory strike-off and has disappeared. According to whistleblower information, BizzBusters is now to be revived via an Indian company. The mastermind behind the BizzBusters project would be Ruchi Rathor's son-in-law, Yuvraj Singh, and his brother Swaraj Singh.

High-risk payment processors

October 5, 2022

Family Business: BitMatix And The Other iPayTotal Successor Schemes!

In Nov 2020, a UK court ordered iPayTotal Ltd to go into insolvency and liquidation. Many millions disappeared in the collapse of the British-Indian high-risk payment scheme. The beneficial owners were Ruchi Rathor, Anirudh Pratap Singh Rathor, and Anurag Pratap Singh. They operate several successor schemes through legal entities in India and Europe. Ruchi Rathors future son-in-law, Yuvraj Singh, is the mastermind behind OpenUp, Kryptova, and BitMatix. Merchants should avoid these payment schemes.

October 4, 2022

Merchant Warning: PayStudio Is Another Scam Facilitating Payment Processor Of Ruchi Rathor!

We have recently found at soltechX broker scam PayStudio as a payment processor for credit and debit card deposits. The operator is Synopsis Success LDA in Portugal with an address where the high-risk payment processor CryptoMatix by Ruchi Rathor is located. Currently, Rathor and her British-Indian gang apparently run their payment processors through companies in Portugal. Chestnut Investments Lda, the parent company behind the Danish OpenUp is also based in Portugal.

September 15, 2022

Interesting! High-Risk Payment Processor Payomatix And Its Founder Network Event!

The high-risk processor Payomatix is one of the many payment ventures of the British-Indian Ruchi Rathor, who became sort of famous with the collapse of her iPayTotal scheme. iPayTotal vanished with their merchants' money. The scheme's UK entity went into court-ordered insolvency with creditor claims totaling about GBP 1.1M (report here). The successor brand OctaPay vanished after a few months. Nothing about that will be discussed at the Payomatix Founder Investor Networking event in November 2022.

August 1, 2022

Whistleblower Request – High-Risk Payment Processor SumoPay!

FinTelegram readers know that in our research and reporting, we emphasize high-risk payment processors that, unfortunately, very often act as facilitators of cybercrime organizations and their illegal activities. For this reason, we also founded the cyberfinance rating agency PayRate42 together with partners a few months ago with the mission to list, review, and rate them. Today we would like to know more about the high-risk payment processor SumoPay operating in Asia.

High-risk payment processors

July 28, 2022

The OpenUp Story Continues With Bullied Employees And Paid Trustpilot Reviews!

Currently, the high-risk payment processor OpenUp.Finance is apparently experiencing problems. Existing and former employees have contacted FinTelegram and provided insider information. We have thus been able to confirm that the notorious British-Indian payment veteran Ruchi Rathor is one of the beneficial owners. On July 26, 2022, OpenUp announced the separation of three employees in a LinkedIn posting. Insiders also informed us about Trustpilot manipulations. Thus, employees receive a bonus of $5 if they organize positive reviews.

July 27, 2022

Confirmed! High-Risk Payment Processor OpenUp Seems Related To iPayTotal Group!

OpenUp is a high-risk payment processor operated by Openup Consulting Services AsP, a company registered in Denmark and owned by Chestnut Investments Lda in Portugal. The only director of Openup is Svetlana Ivanova. On LinkedIn, we found 12 people connected to the OpenUp across different jurisdictions. We published a whistleblower request a few weeks ago, and a former employee confirmed that OpenUp is related to the Indian-British iPayTotal Group and its co-founder Ruchi Rathor. He offered additional intel for money.

July 12, 2022

The High-Risk Payment Processor War Around Paypound Continues!

We reported yesterday on a blog post by Paypound accusing BoomBill and their partner Xcepts with Paul Schroeder of withholding $2.5 million in funds that Paypound could not pay out to its merchants. After we published our report, the battle evolved. In a new article on LinkedIn, Paypound elaborated the story further but claimed that the merchants were paid out despite the alleged theft. Already on June 4, 2022, Paul Schroeder of Xcerpts issued a press release, calling Paypound scammers and thieves.

July 11, 2022

Amen! The High-Risk Payment Processor Battle Ground Around Paypound and BoomBill!

Unfortunately, it is an indisputable fact that payment processors have many black sheep and scammers. Especially in the area of high-risk payment processors, many players rip off their merchants. Or support scammers to rip off victims. These bad payment processors have included collapsed iPayTotal or the related Paypound or NeoBanQ. Paypound is currently waging war against Serbian BoomBill, Paul Schroeder, and related entities. Once again, it's about millions of merchants gone missing. Amen!

June 5, 2022

Whistleblower Request – Payment Processor And Incubator OpenUp!

OpenUp is a high-risk payment processor operated by Openup Consulting Services AsP, a company registered in Denmark. According to the company register data, Chestnut Investments Lda in Portugal owns the Danish entity. The only director of Openup is Svetlana Ivanova. On LinkedIn, we found 12 people connected to the OpenUp across different jurisdictions in the United Kingdom, India, or Nigeria. We have received credible information that OpenUp may be related to the Indian-British iPayTotal Group and would like to learn more.

June 2, 2022

Whistleblower Request – High-Risk Payment Processor Charge.Money And The NeoBanQ Connection!

Facilitating payment processors are a strategic FinTelegram focus. Without facilitating payment processors, most cybercrime activities and scams would not be possible in the first place. Many of these payment processors specialize in the dark side of online merchants and therefore operate anonymously or with fake IDs. As does NeoBanQ, which reportedly refers its merchants to Charge.Money about which nothing is known except a company in Hong Kong and a phone number in the UK. We want to learn more about Charge.Money.

May 31, 2022

Exposed! NeoBanQ Is Another Payment Processor In The iPayTotal Environment!

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.