I am extremely grateful for this forum and for the feedback provided by independent users. I recently discovered ipaytotal and came straight to this forum to get the real deal (can't trust review sites like trustpilot for reasons that I may elaborate on in another thread).
But from what I've read thus far, ipaytotal has been withholding and/or stealing funds acquired through their merchant services but I'm curious to know if anyone has used them to receive payments via wire transfer. Their website says that they offer iban and swift banking solutions so if anyone has used these services, please share your experience and advise if they are withholding funds from SEPA/SWIFT transfers as well. Of course I understand that if ipaytotal is stealing funds through merchant services, they could just as easily steal funds from wire transfers but the chargeback rate of merchant services is also much greater than that of wire transfers, and this is a factor to be considered.
I'm just wondering at this point how ipaytotal has been able to maintain their operations without being regulated and even more so, how they are able to acquire and maintain a bank account in the EU. I'd certainly like to get more info and I'll be digging into this a bit more.
I don't like the fact that ipaytotal has been working with Rashal International to remove scam/negative reviews about their services and I appreciate the admin of this forum sharing with us Rasha Internationa's attempt to have the domain of this forum delisted. That's a pretty f'd up way to remove negative feedback, which says a lot about the company and the people behind the company. Nevertheless, I've worked with numerous banks and EMIs that have negative reviews and I myself have had no issues with the companies. In regards to such, I'm confident that some people complain or have their accounts blocked because they have not been able to provide sufficient documentation to justify a payment or prove that the funds originated from legitimate sources. With that said, I'll keep an eye on this thread to check for more user experiences and I'll post additional info and updates as I do a little dd of my own. But if anyone has used ipaytotal for wire transfers, please share.
Can you specify where you obtained this information as I have not been able to find anything indicating that ipaytotal UK is in liquidation.
@Martin Everson - No need for a reply... I see that ipaytotal UK submitted the form to be voluntarily dissolve the company a few months ago and ipaytotal's website now references IPAYSOLUTIONS LTD as a related UK entity. However the business activity of this company has nothing to do with the financial services provided and this was probably done to avoid FCA filing and regulatory requirements.
Furthermore, it's interesting that out of all of the companies that ipaytotal references on their website: "iPayTotal LLC is a Delaware Limited liability company registered under the laws of US. iPaySolutions Ltd is a UK Incorporated company registered under the laws of England. iPayTotal OU is an Estonian Incorporation Registered under the laws of Estonia . iPayTotal LLC , iPaySolutions Ltd , iPayTotal OÜ are all part of iPay Group.", ALL of the companies show where they are registered but NONE of them show where they are licensed or regulated. Big red flag here.
But from what I've read thus far, ipaytotal has been withholding and/or stealing funds acquired through their merchant services but I'm curious to know if anyone has used them to receive payments via wire transfer. Their website says that they offer iban and swift banking solutions so if anyone has used these services, please share your experience and advise if they are withholding funds from SEPA/SWIFT transfers as well. Of course I understand that if ipaytotal is stealing funds through merchant services, they could just as easily steal funds from wire transfers but the chargeback rate of merchant services is also much greater than that of wire transfers, and this is a factor to be considered.
I'm just wondering at this point how ipaytotal has been able to maintain their operations without being regulated and even more so, how they are able to acquire and maintain a bank account in the EU. I'd certainly like to get more info and I'll be digging into this a bit more.
I don't like the fact that ipaytotal has been working with Rashal International to remove scam/negative reviews about their services and I appreciate the admin of this forum sharing with us Rasha Internationa's attempt to have the domain of this forum delisted. That's a pretty f'd up way to remove negative feedback, which says a lot about the company and the people behind the company. Nevertheless, I've worked with numerous banks and EMIs that have negative reviews and I myself have had no issues with the companies. In regards to such, I'm confident that some people complain or have their accounts blocked because they have not been able to provide sufficient documentation to justify a payment or prove that the funds originated from legitimate sources. With that said, I'll keep an eye on this thread to check for more user experiences and I'll post additional info and updates as I do a little dd of my own. But if anyone has used ipaytotal for wire transfers, please share.
Can you specify where you obtained this information as I have not been able to find anything indicating that ipaytotal UK is in liquidation.
@Martin Everson - No need for a reply... I see that ipaytotal UK submitted the form to be voluntarily dissolve the company a few months ago and ipaytotal's website now references IPAYSOLUTIONS LTD as a related UK entity. However the business activity of this company has nothing to do with the financial services provided and this was probably done to avoid FCA filing and regulatory requirements.
Furthermore, it's interesting that out of all of the companies that ipaytotal references on their website: "iPayTotal LLC is a Delaware Limited liability company registered under the laws of US. iPaySolutions Ltd is a UK Incorporated company registered under the laws of England. iPayTotal OU is an Estonian Incorporation Registered under the laws of Estonia . iPayTotal LLC , iPaySolutions Ltd , iPayTotal OÜ are all part of iPay Group.", ALL of the companies show where they are registered but NONE of them show where they are licensed or regulated. Big red flag here.
