PayOp is a Ukrainian high-risk payment processor operated through legal entities in Canada and Singapore. Transferop Payment Gateway Ltd is a money service business registered with FINTRAC Canada and Fintech Decision Pte. Ltd, registered with MAS. We last discovered PayOp as a payment processor in the Binarium broker scam (report here). According to the latest Similarweb statistics, PayOp receives the most traffic from gambling sites.
Key Data
| Trading name | PayOp |
| Business activity | High-risk payment Processor and merchant service provider |
| Domain | https://payop.com |
| Social media | |
| Legal entity | Transferop Payment Gateway Ltd, Canada Fintech Decision Pte. Ltd, Singapore |
| Jurisdictions | Ukraine, Canada |
| Authorization | FINTRAC Canada with registration number #M22769088 MAS Singapore |
| Related individuals | Denys Myloserdov Andrey Pastuhov |
| Payrate42 rating | Orange (PayOp profile) |
Short Narrative
Most of the employees connected to PayOp on LinkedIn are based in Ukraine. Director General Denys Myloserdov is a Ukrainian living in Singapore. Andrey Pastuhov is a strategic advisor at PayOp.
As of September 2022, more than 530,000 people have visited the site and spent more than 2 minutes on the site doing their business. More than a third of the referring websites are from the gaming sector. PayOp merchants include providers such as GameBoost and Lootstore, specializing in in-game services and currencies.
We have not received any complaints about PayOp. On Trustpilot, the payment processor holds a 3.9-star rating with a corresponding “Great” trust level.
Share Information
We would like to know more about PayOp and its activities. If you have any information about them, please share it with us through our whistleblower system, Whistle42.
