Tag: SELF PAY IO

Indian high-risk payment processors Paypound and Kryptova escaped to NevisH
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March 5, 2023

High-Risk Payment Processors Kryptova And Paypound Finally Escaped To Nevis!

Now it's official! The two high-risk payment processor schemata Kryptova and Paypound from the environment of the notorious Indian payment veteran Ruchi Rathor are officially operated via the offshore company Next Ring LLC in Nevis. Until recently, the two UK-registered companies, Kryptova Biz Ltd and Self Pay IO Ltd, were the official operators. These are now in the process of voluntary strike-off. The new Nevis address is included in the Offshore Leaks Database.
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MErchant alert against high-risk payment processor RagaPayM
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March 5, 2023

Merchant Alert: Indian High-Risk Payment Processor RagaPay Received Orange Compliance Rating!

The high-risk payment segment has been booming for decades. The business has high margins, as we know from the Wirecard process. The number of high-risk merchants is constantly growing, and with it, the demand for payment services. Unfortunately, most high-risk payment processors are dubious and regularly rip off merchants. RagaPay is an Indian-controlled venture. The cyber rating agency PayRate42 has placed it on the black compliance list.
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Merchant alert against Kryptova Paypound and BitmatixM
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January 24, 2023

Merchant Alert: High-Risk Payment Processors Kryptova, Paypound, and BitMatix About To Vanish?

On January 23, 2023, a deletion request was submitted for the three companies Kryptova Biz Ltd d/b/a Kryptova, Self Pay IO Ltd d/b/a Paypound, and Bitmatix IO Ltd d/b/a Bitmatix. These high-risk payment processors are part of the network of Indian payment entrepreneur Ruchi Rathor and her family. In recent weeks, many complaints have been made, especially on LinkedIn, about these high-risk payment processors. The websites are online!
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High-risk payment processor PaypoundM
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February 16, 2022

Merchant warning! Be aware of the risks with scam-facilitator Paypound!

Sometime in the first half of 2021, the unregulated high-risk payment processor Paypound appeared on our radar. After the infamous iPayTotal collapsed and disappeared. There are rumors that former iPayTotal people made Paypound. Paypound is shabby. The first operator was dissolved via compulsory strike-off; the payment processor massively facilitates broker scams. We recommend merchants to be super-cautious with Paypound.
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Paypound with iPayTotal and OctapayI
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August 28, 2021

Introducing high-risk payment processor Paypound and its interesting legacy

isappeared a few months ago. FinTelegram reported! According to our information, they had brutally ripped off a lot of their merchants. Among these merchants were also many operators of scams and cybercrime ventures that had stolen the money anyway. Paypound, a successor to iPayTotal and OctaPay, a whistleblower claims, has emerged and offers its payment services to the high-risk segment. Or so it says.
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