Category: Merchants
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New on PayRate42: FCA-Regulated Rapyd Included In Orange Compliance List!
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The CyberRating agency has analyzed the FCA-authorized E-Money Institute Rapyd and added it to its Orange Compliance list. Founded by Israeli Arik Shtilman, Arkady Karpman, and Omer Priel in 2015 as CashDash and later renamed Rapyd, the institute not only has an abysmal Trustpilot rating according to PayRate42’s findings, but…
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Fidor Bank Will Be Liquidated!
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Based on exclusive information from Finanz-Szene, Fidor Bank is to be liquidated by mid-2024. Six years after the takeover, the major French bank BPCE, which holds the shares in Fidor, is thus drawing a line under a years-long strategic adventure with accumulated losses in the mid-three-digit million range. Operationally, Fidor…
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Payment Gateway Provider Coriunder Listed on PayRate42
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Our online rating agency PayRate42 reviewed the Israeli-Cyprus-based payment processor Coriunder (PR42 profile) and included it in its Green Compliance list. Coriunder offers a payment gateway provider (“Backend-as-a-Service”) and a white-label payment service solution.
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Amazon Now Accepts Social Payment Provider Venmo
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Amazon announced that it is introducing Venmo (PR42 profile) as a payment option at checkout. It will launch the feature in the Amazon app and on amazon.com starting Tuesday before it becomes available to U.S. users on Black Friday, Nov. 25, according to Amazon. Amazon thus wants to offer its…
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iPayTotal Successor BitMatix And Yuvraj Singh!
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BitMatix is a high-risk payment processor and a successor of the collapsed iPayTotal. 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, whose beneficial owners were Ruchi Rathor, Anirudh Pratap Singh Rathor,…
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FinTelegram Issued Merchant Warning Against PayStudio!
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FinTelegram issued a merchant warning against the high-risk payment processor PayStudio operated by the Portuguese Synopsis Success LDA. This legal entity has the same address as the high-risk payment processor CryptoMatix by Ruchi Rathor, who seems to be one of the beneficial owners or controlling people.
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Cyprus-Based High-Risk Payment Processor LegionPay Listed On PayRate42
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The online rating agency PayRate42 reviewed the Cyprus-based high-risk payment processor LegionPay and included it in its Green Compliance list. LegionPay offers its clients the ability to receive digital payments from all over the world via fully integrated API solutions for card processing, bitcoin deposits, and other payment options.
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Swiss Neobank Klarpay Focused On Digital Merchants And Social Media Influencers!
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Swiss fintech Klarpay is focused exclusively on e-commerce, digital merchants, and social media influencers. It offers cross-border payment acceptance and remittance solutions, including access to multi-currency IBAN accounts, global payment acceptance, and digital disbursement services. Founded in 2019 by the BDSwiss co-founder Mihkel Vitsur, Klarpay was one of the first…
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Nigerian PalmPay Listed “Green” On PayRate42
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PayRate42 listed the Nigerian e-Money Institution PalmPay (website) in its “Green Compliance” list, suggesting that it is a reliable partner for merchants and their clients. PalmPay serves over 5 million users, with its monthly transaction volume standing at over $100 million as of June 2021. The company has partnerships with…
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Wanted: Vanished Serbian BoomBill Allegedly Stole Millions From Its Merchants!
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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…