- Trading Name: Paythrone
- Legal Entity: not disclosed
- Activities: payment processor for merchants
- Location: Jurisdiction not disclosed
- Regulations: none
- Key People: not disclosed
Paythrone claims itself to be specialized in complex merchants. That’s a nice description of high-risk merchants and illegal businesses. On the website, you search in vain for a legal entity or individuals behind the payment processor. On the other hand, the website claims that BridgerPay (profile) or Praxis Cashier (profile) are partners.
Paythrone seems to be a Ukrainian payment processor. On the web, job offers can be found on Ukrainian sites in Ukrainian. It seems to be a payment gateway provider that also offers its solution as a white label. It is said that the crypto trading platform StormGain works or has worked with the Paythrone gateway (see this review on Medium).
Paythrone provides card processing as well as alternative payment methods in every region.
- Their service includes:
- Credit cards
- multi-currency merchant account.
We have discovered Paythrone as a payment processor in both Optimus Markets and Spintop Capital scams. Due to the lack of legal data and its scam facilitation, we put Paythrone on our “Red Compliance Light” list.