Tag: Paddle

Paddle.com Market Limited, a UK-based fintech specializing in payment processing for software companies, has agreed to a $5 million settlement with the US Federal Trade Commission (FTC). The settlement resolves allegations that Paddle facilitated deceptive tech-support schemes targeting US consumers, particularly older adults, by enabling fraudulent operators to access the US credit card system. In addition to the monetary penalty, Paddle faces a permanent ban on processing payments for tech-support telemarketers and must implement stricter compliance and transparency measures.