AstechPAY

Payment Gateway

   Key Data

  • Trading Name: AstechPAY
  • Legal Entity: A.S. Technologies and Consultants. Ltd
    VENUSARIA SERVICES LTD
  • Activities: Online payment gateway
  • Location: United Kingdom/Cyprus
  • Regulations: none
  • Key People: Azriel Sandberg (Linkedin)/(Linkedin).

AstechPAY was founded in 2013 and is headquartered in Cyprus. It operates a global online payment gateway for credit cards and alternative payment solutions.

AstechPAY supports online merchants in accepting payments via alternative payment methods such as e-wallets, prepaid cards, wire transfers, and cryptocurrencies.

Offering

AstechPAY offers a settlement service that additionally allows its customers to settle in bitcoin and a variety of cryptocurrencies.

It primarily serves merchants in high-risk industries such as gambling, hemp products / CBD, and cryptocurrencies.

Their service includes:

  • Alternative payment options
  • Bank transfer services
  • Bank account opening
  • Credit card payments
  • Crypto payment gateway
  • Onboarding platform

In addition to Cyprus, the provider also operates an office in London.

People

The owner and director of AstechPAY is Azriel Sandberg (Linkedin)/(Linkedin).

Regulation

It is worth noting that Payepo operates without specific regulatory oversight, which raises concerns about the level of compliance and consumer protection measures in place.

Compliance Problems

During the research around the company, we noticed some irregularities around the organization, such as blocked or deleted social media pages, multiple accounts for one platform, and company profiles with many spelling mistakes.
In addition, there are also some compliance technical issues, such as the legal entity has been changed and there is no evidence of a money business license.

Customer review

Regrettably, no customer reviews or feedback pertaining to the company have been sourced thus far.

Conclusion

Due to the increasing number of irregularities, we place AstechPAY on our “Red Compliance” list.

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