Russian-Controlled High-Risk Payment Processor Payeer Facilitates Pocket Option and PO Trade Broker Schemes!

tamir
Fri, 16 Feb 2024 08:01:52 +0000
High-risk payment processors, Illegal Broker Activities, Illegal Payment Services, ticker, Akkord Welt, Anton Stjopotskin, Capital Letter, Deal Trade, Dmitri Allikas, Ekaterina Olegnova Gorshkova, Elene Kulbikova, Fingate, FXTradePremiums, Joseph Olatilewa Jaiyeola, Kosolapova Evgenia Nikolaevna, Liubov Svezhentseva, Optimus Markets, Payeer, Payeer Rus, PB24 Corp, PO Trade, Pocker Option, Sergey Mayzus, Spintop Capital, Stanislav Lattu, SuperForex

The Russian-controlled high-risk payment processor Payeer has been on our radar since 2021. Since then, the operating companies behind the payment facilitator have changed several times. We have also discovered Payeer to be a facilitator of scams during this time. Currently, Payeer is one of the payment facilitators for the (interconnected) offshore broker schemes Pocket Option and PO Trade, alongside Advcash and Perfect Money. Here is our latest update.

The Payeer Timeline

Payeer has been in business for more than 10 years and, during that time, has used a wide variety of companies in different jurisdictions:

In 2012, Payeer Rus LLC was founded in Moscow by the Russian national Kosolapova Evgenia Nikolaevna. The company was liquidated in 2015.

In 2013, the Payeer website stated that Payeer Rus LLC (ООО “ПЭЙЕЕР РУС”) and PB24 Corp registered in Panama as the scheme operators.

In 2014, Akkord Welt LP was founded in Scotland, where Payeer LLC was registered as a partner. The Russian Elena Kulbikova was registered as the controlling person. This LP was dissolved in 2020.

2014, the website listed Payment Solutions Ltd in the British Virgin Islands as the operator. Mayzus Financial Services Ltd, registered in the UK and controlled by Russian Sergey Mayzus, was listed as the financial services partner.

In 2015, the website stated that Payeer LLC, registered in Georgia, Payeer LLC, registered in Russia, and Akkord Welt LP, registered in Scotland, would be the operators. The office in Tbilisi is indicated as the headquarters. There are also offices in Moscow and Aberdeen, Scotland.

In 2018, Runwill Sp. z o. o., registered in Poland, is given as the scheme operator.

In 2019, the new operator was Paycorp Limited in Vanuatu.

In 2020, Fincana OÜ was stated as a co-operator besides Paycorp Limited.

In 2021, Payeer obtained a crypto license through Payeer OÜ, registered in Estonia, and became the new co-operator besides Paycorp Limited. The license was voluntarily surrendered to avoid revocation by the FIU.

In 2023, Payeer UAB registered for a crypto license in Lithuania and became the scheme operator.

Payeer Key data

Trading name | Payeer

Business activity

high-risk payment processor, crypto exchange,
merchant service prodiver

Domain

https://payeer.com
https://payeer.cc

Legal entities

Payeer OÜ (Estonia)
Payeer UAB (Lithuania)
PayCorp Limited (Vanuatu)
Fincana OÜ (Estonia)
Runwill Sp. z o. o. (Poland)
PAYEER LLC (Georgia)
FINGATE LLC (Georgia)
AKKORD WELT LP (Scotland)
Worldwide System K/S (Denmark)
Mayzus Financial Services Ltd (UK)
PAYMENT SOLUTIONS LTD (BVI)
PAYEER RUS LLC (Russia)
PB24 CORP (Panama)

Related individuals

Anton Stjopotškin, Estonia (UBO)
Joseph Olatilewa Jaiyeola, Estonia
Ekaterina Olegovna Gorshkova, Russia
Liubov Svezhentseva, Russia
Kosolapova Evgenia Nikolaevna, Russia
Elena Kulbikova, Russia
Sergey Mayzus, Russia
Dmitri Allikas (old)
Stanislav Lattu (old)

Jurisdictions

Estonia, Vanuatu, Russia,
BVI, Poland, Panama, Georgia,
Denmark

Regulators

FIU Estonia renounced in Jan 2023
FNTT (Financial Crime Investigation Service) Lithuania
VFSC

Trustpilot rating | 4.8-star rating with an “Excellent” trust level
PayRate42 rating | Orange Compliance (Payeer profile)

Facilitated schemes

PO Trade, Pocket Option,
Capital Letter, FXTradePremiums, Deal Trade
Optimus Markets, Spintop Capital, SuperForex
and counting

The Short Payeer Narrative

Payeer is already almost 12 years old and (as shown in the timeline above) has a long history of legal entities and individuals associated with the high-risk payment processor. Currently, Payeer is operated through Payeer UAB in Lithuania, which is registered as a crypto service provider. The director of the Lithuanian entity is the Russian Ekaterina Olegovna Gorshkova.

Similarweb statistics Payeer.com (May 2023)

According to the latest Similarweb statistics, Payeer has the most website visitors from Russia. In the last 28 days before Feb 13, 2014, almost 33% of the approximately 3.6 million visitors came from Russia.

Payeer users seem to be happy. On Trustpilot, Payeer holds an impressive 4.8-star rating with a corresponding “Excellent” trust level from almost 3,400 reviews.

Facilitating Illegal Businesses

Payeer facilitates offshore broker schemes Pocket Option and PO Trade

In our review on February 15, 2024, we found Payeer alongside the “other” Russian payment processors Advcash and Perfect Money in the huge offshore broker scheme. With more than 10 million monthly visitors, Pocket Option and PO Trade are among the biggest brokers.

They do not have regulatory permission to offer their financial services in Europe, the UK, or North America. Nevertheless, they attract customers and customer funds from these regulatory regimes and are supported by payment facilitators such as Payeer.

Share information

If you have any information about Payeer, its partners, and operators, please let us know via our whistleblower system, Whistle42.