T1 Payments is an unregulated high-risk payment processor in the U.S. and the U.K. Donald Kasdon (LinkedIn) established the company in 2012. The US payment processor has recently attracted attention for terminating high-risk clients (merchants) and multi-level marketing operators Beyond Wealth and IBUUMERANG. T1 Payments allegedly retained $4M and $6M respectively. Both filed fraud complaints against the payment processor. The court cases are still proceeding.
On Trustpilot, T1 Payments currently has a “Poor” rating with 2.7 stars. A lot of merchants are complaining about T1 Payments and claim that they stole their money. The PayCom42 team included T1 Payments in the “Black Compliance” list.
T1 Payment operates with a group of companies controlled and owned by Donald Kasdon and his family. Amber Fairchild, Kasdon’s partner, is the beneficial owner of Pixxles Ltd d/b/a Pixxles (PC42 profile), an e-Money Institution regulated by the Financial Conduct Authority (FCA) with reference number 927960 since July 2021.