CyberRating agency PayRate42 has added Canadian high-risk payment processor and merchant service provider ywallit Pay to its Red Compliance list. Some aggrieved customers informed the agency of the payment processor that payouts were not being made properly. The website does not provide details about the operator and its owners. Merchants should be very careful and avoid ywallit pay.
Key Data
| Trading name | ywallit Pay |
| Business activity | High-risk payment processor |
| Domains | https://ywallitpay.com http://ywallit.com |
| Social media | |
| Contact data | [email protected] +1 (778) 882-YPAY(9729) |
| Legal entity | Greensun Company Ltd (Belize) |
| Jurisdictions | Belize, Canada |
| Authorization | No |
| Related individuals | Ken McLarty (LinkedIn) |
| PayRate42 rating | Red Compliance (PR42 profile) |
Short Narrative
According to the information available to us, ywallit Pay uses Greensun Company Ltd, registered in Belize, as its official operator. However, this company is listed as inactive in OpenCorporate. Ken McLarty, who lives in Ontario, acts as CEO.
According to customer reports, smaller amounts are paid out to merchants, but larger amounts are withheld. As a result, PayRate42 has placed ywallit Pay on its Red Compliance list. We advise merchants to be extremely cautious.
Share Information
If you have any information about ywallit Pay, its operators and facilitators, please let us know through our whistleblower system, Whistle42.
