Key Data

• Trading Name: Nummuspay
• Legal Entity: Nummuspay Inc.
• Activities: Payment platform
• Location: not given
• Regulations: unregulated
• Key People: Savvas Koutroullis

Nummuspay is an online payment platform designed to support businesses with subscription management and payment processing across multiple gateways.

Offering

Nummuspay focuses on providing solutions for subscription management and payment processing. It supports multiple payment gateways and offers tools for managing recurring billing and customer subscriptions. The platform enables integration through various methods including hosted pages, virtual dashboards, and full API support, making it adaptable to different business needs​

Their main services are:

• Recurring Billing
• Subscription Management
• Revenue Retention
• Analytics & Insights
• Payment Gateways
• Security & Reliability
• Online-Invoices
• Custom Checkout pages
• Checkout Process
• Tax Management
• Marketplace payments

Serving Industries:

Nummuspay appears to be versatile enough to cater to a variety of industries, particularly those that rely on subscription models such as SaaS (Software as a Service), digital media, and possibly other online services.

Customer Review

Google: 5 Stars with 2 Reviews

Trustpilot: 3 Stars with 2 Reviews

Compliance Issues

There is a noticeable lack of information regarding the legal entity, regulation, and jurisdiction of Nummuspay, which could be concerning for potential users and partners. Typically, transparent disclosure about a company’s regulatory compliance, legal status, and the jurisdiction under which it operates is crucial in establishing trust, particularly in the financial and payment processing sectors. This absence of detailed legal and regulatory information might raise questions about the company’s governance and operational oversight, making it harder for users to assess the risk and compliance posture of the service. For businesses considering Nummuspay for their payment processing needs, such details are often critical in making informed decisions about partnership and integration.

Offshore Casino Involvement

Our research indicates that Nummuspay has been identified as a payment provider for offshore casinos. This association highlights their involvement in facilitating transactions in sectors that may operate under different regulatory frameworks compared to mainstream financial activities. Such connections are important for potential clients to consider, especially those in industries requiring stringent compliance and transparency standards. This could impact the perception and trustworthiness of Nummuspay, particularly among users looking for payment solutions in more regulated markets.

Conclusion and Rating

In conclusion, Nummuspay presents a mixed profile as a payment provider. On one hand, it offers robust features for subscription management and multiple payment integrations, catering to a variety of industries, particularly those with subscription-based models. On the other hand, there are significant concerns regarding the lack of transparency about its legal entity, regulation, and jurisdiction, coupled with its role as a facilitator for offshore casinos. These factors contribute to potential risks, particularly for businesses in highly regulated industries or those prioritizing compliance and transparency.

Given these considerations, we rate Nummuspay as “Red.” This rating reflects a cautious approach due to their involvement with offshore casinos and the absence of crucial legal and regulatory information. Potential users and partners should carefully evaluate these factors and consider how they align with their own compliance standards and risk management policies.