Thursday, December 8, 2022
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HomeHigh-risk paymentsFinTelegram Issued Merchant Warning Against PayStudio!

FinTelegram Issued Merchant Warning Against PayStudio!

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.

PayStudio bills itself as a payment processor and white-label payment gateway provider. Whistleblowers informed FinTelegram that PayStudio is indeed part of Ruchi Rathor‘s vast global network of high-risk payment processors. Rathor was also one of the founders and mastermind behind the collapsed iPayTotal, which collapsed and disappeared with millions of its merchants.

A LinkedIn profile screenshot from February 2022 shows that Rathor presented herself as the founder of iPayTotal, Payomatix, and CryptoMatix. She has since removed iPayTotal and CryptoMatix from her LinkedIn profile.

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