PayOp is a high-risk payment processor operated through Transferop Payment Gateway Ltd, a money service business registered with FINTRAC Canada, and Fintech Decision Pte. Ltd, registered with MAS in Singapore. We last discovered PayOp as a payment processor in the Binarium broker scam (report here). According to the latest Similarweb statistics, PayOp receives most of its traffic from websites in high-risk industries. Here is our updated review!
|Business activity||High-risk payment Processor and|
merchant service provider
|Legal entity||Transferop Payment Gateway Ltd, Canada|
Fintech Decision Pte. Ltd, Singapore
|Authorization||FINTRAC Canada with registration number #M22769088|
|Related individuals||Denys Myloserdov (LinkedIn)|
Anastasia Semenkova (LinkedIn)
Irina Borkun (LinkedIn)
Andrew Gorishnyakov (LinkedIn)
|Payrate42 rating||Orange (PayOp profile)|
Most of the employees connected to PayOp on LinkedIn are based in Ukraine. Director General Denys Myloserdov is a Ukrainian living in Singapore. Andrey Pastuhov is the company’s strategic advisor. PayOp, according to our information, has close cooperation with the FCA-regulated (and also Ukrainian-controlled) high-risk payment processor PayDo (reports here).
The Traffic Analysis
In November 2022, more than 330,000 people visited the website, a decline of almost 38% compared to September 2022 (report here). and spent more than 3 minutes doing their business.
More than two-thirds of PayOp‘s referral traffic comes from websites operating in high-risk industries such as casinos, sports betting sites, or digital goods trading platforms, according to Similarweb. One of the customers is likely to be 22Bet.com, which is operated by Cyprus-registered TechSolutions (CY) Group Limited as a billing agent.
We have not received any complaints about PayOp. On Trustpilot, the payment processor holds a 3.9-star rating with a corresponding “Great” trust level.
We would like to know more about PayOp and its activities. If you have any information about them, please share it with us through our whistleblower system, Whistle42.