Hello, I have a substantial sum blocked by what appears to be a scam credit card processor Best High Risk Merchant Account Services - iPayTotal , any one has any idea for recovering funds? the UK office is virtual but agreement I have is with the UK entity while they appear to be run from india
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Fund Recovery from blocked high risk merchant account
- Thread starter Ladislav Smicek
- Start date
Why aren't they settling?
They don't seem to be a licensed financial institution, which means they shouldn't be sitting on your money at all. You should be getting the settlements from the acquirer. If they are the ones receiving settlement, you are dealing with some very dodgy people operating outside the boundaries of the laws and regulations.
If you are unable to reach an amicable solution with them, your options are probably limited to litigation in UK and possibly India. Sometimes, well-crafted threats of litigation are enough to make someone soften their stance. You can try approaching the FCA but it's unlikely they'll take action.
If you can find out who the actual processor is behind the scenes, you can try to contact them but they most likely won't listen since they have no idea who you are and have no relationship with you.
It's not an easy spot to be in. Hope it works out.
They don't seem to be a licensed financial institution, which means they shouldn't be sitting on your money at all. You should be getting the settlements from the acquirer. If they are the ones receiving settlement, you are dealing with some very dodgy people operating outside the boundaries of the laws and regulations.
If you are unable to reach an amicable solution with them, your options are probably limited to litigation in UK and possibly India. Sometimes, well-crafted threats of litigation are enough to make someone soften their stance. You can try approaching the FCA but it's unlikely they'll take action.
If you can find out who the actual processor is behind the scenes, you can try to contact them but they most likely won't listen since they have no idea who you are and have no relationship with you.
It's not an easy spot to be in. Hope it works out.
This is a nothing company you dealt with. A startup formed in 2018 with £1 by some guy living under a tree in India. Basically a webpage with no history of operation. You know sometimes........no I wont say it and will be kind.
https://beta.companieshouse.gov.uk/company/11357725/officers
They have a new director who looks like Barry White appointed last month (the above companies house records show). So get in touch with the guy and ask if he can help.
https://rocketreach.co/jeremiah-rueben-jordan-email_17793720
Now with Barry white to give a cover to a star of bollywood , it really smells bad
Is forming a UK company for £12 with £1 in capital and then creating a simple webpage advertising acceptance of high risk card processing all it takes to have people give you a "substantial sum"? Is it really that easy.
I am in the wrong business I tell you
. These guys in India are very clever especially when they know high risk activity clients are not gonna go to police...lol.
Hope you get your money back finger crossed. Let us know what the Barry White accountant guy says also
I am in the wrong business I tell you
. These guys in India are very clever especially when they know high risk activity clients are not gonna go to police...lol.Hope you get your money back finger crossed. Let us know what the Barry White accountant guy says also
Ipaytotal analysis below. Seems OP would have been stung on setup fee and monthly fees which are outrageous.
https://www.cardpaymentoptions.com/credit-card-processors/ipaytotal/
@Ladislav Smicek You never came back with any feedback. Did you get hold of Barry White or find the guy under the tree to recover your funds?
https://www.cardpaymentoptions.com/credit-card-processors/ipaytotal/
@Ladislav Smicek You never came back with any feedback. Did you get hold of Barry White or find the guy under the tree to recover your funds?
so let s the music play
from my side , i stopped with them to avoid / prevent any loose
Hi , if u can contact with me, it will be very helpfull.
i also fell into company cheating
Maybe someone else on forum can help you but I certainly can't unfortunately
See the below post perhaps
https://www.offshorecorptalk.com/threads/anyone-heard-of-ipaytotal.25495/post-103346
hi,
i also fell into this "company" cheating...
i would like if we can speak maybe it will be helpful
Interesting......some comments on the below.
Ipaytotal really thought it was a good idea to accept a Marshall Islands Forex broker in the first place? Secondly the UK FCA warning about them was published on 17/07/2017 with the domain they use clearly shown. However ipaytotal engaged with them in business up until recently? Now I don't mean to be rude but ipaytotal has to be run by complete imbeciles or they had knowledge of the bad rep of gsimarkets and they where in on it all along. Either way ipaytotal is at fault for onboarding them.
Creating a website ipaytotalsreview.com - registered only 3 days ago i.e 2019-08-18 to cover their asses will not work. It has in fact raised more questions. Questions about why they did business with them recently when UK FCA website issued warning in 2017...lol.
Ipaytotal really thought it was a good idea to accept a Marshall Islands Forex broker in the first place? Secondly the UK FCA warning about them was published on 17/07/2017 with the domain they use clearly shown. However ipaytotal engaged with them in business up until recently? Now I don't mean to be rude but ipaytotal has to be run by complete imbeciles or they had knowledge of the bad rep of gsimarkets and they where in on it all along. Either way ipaytotal is at fault for onboarding them.
Creating a website ipaytotalsreview.com - registered only 3 days ago i.e 2019-08-18 to cover their asses will not work. It has in fact raised more questions. Questions about why they did business with them recently when UK FCA website issued warning in 2017...lol.
It is going a bit too much into drama, and have eaten too much pop corn already.
High-risk merchants are mostly non legit with their activity or way to look at business. High-risk PSP same.
but @jasonsmith12 I don't succeed to understand of behalf of who are you speaking?
High-risk merchants are mostly non legit with their activity or way to look at business. High-risk PSP same.
but @jasonsmith12 I don't succeed to understand of behalf of who are you speaking?
@jasonsmith12 You like to talk about people not posting correct identities etc. For the record who runs or owns ipaytotalreviews.com website then?
Is that supposed to be a linked in profile? 
What part of India you from?
What part of India you from?
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