Key Data

• Trading Name: Payotop
• Legal Entity: not given
• Activities: payment gateway for high-risk merchants
• Location: not given
• Regulations: none
• Key People: not given

Offering:

The Payotop cashier connects business to all multiple payment providers, including:

• eWallets
• Banks
• PSP´s
• Instant Wire Solutions
• Credit Cards Solutions
• Draft Payout Providers

Compliance Problems

We have discovered Payotop as a payment gateway in some broker scams (e.g. AlgoBlox). The payment gateway is part of the Cyprus-Israeli Leverate group.

There is no information about the operators behind the high-risk payment processor on the website. An imprint and social media contacts are also missing. Obviously, Payotop is not focused on reputable merchants.

Conclusion

We have therefore included Payotop in our “Red Compliance Light” list.