Overview: Voluntary Strike-Off Attempt by NeoBanQ
High-risk payment processors have a track record of vanishing—often along with merchants’ funds. This was seen in the case of iPayTotal, a UK-registered company with Indian-British ownership, which applied for a voluntary strike-off in October 2020. That attempt was halted following objections from creditors, eventually resulting in court-ordered liquidation. By the time legal proceedings caught up, client funds were already missing.
A similar pattern seems to be repeating with NeoBanQ. The payment processor, founded by Billy Eldridge, submitted a Voluntary Strike-Off application in October 2021. However, this application was suspended the following month due to a formal objection from a creditor.
Key Information at a Glance
|
Item |
Details |
|
Trading Name |
NeoBanQ |
|
Website Domains |
neobanq.ltd, neobanq.global |
|
Legal Entity |
Neobanq Ltd |
|
Jurisdiction |
United Kingdom |
|
Key Individual |
Billy Eldridge |
|
Regulation |
Not Regulated |
|
Current Status |
Voluntary strike-off filed and suspended due to creditor objection |
Recent Developments and Concerns
NeoBanQ has drawn criticism from watchdogs and cybercrime investigators. According to Scam-or Project, the platform has been named in multiple reports highlighting its involvement in fraudulent payment practices.
Founder Billy Eldridge has taken steps to remove his digital presence. His LinkedIn profile no longer displays a photo, and references to NeoBanQ have been removed. Attempting to access NeoBanQ’s primary domain, neobanq.ltd, prompts a browser warning due to an invalid SSL certificate—another sign that the company may be quietly shutting down its operations.
Conclusions and Merchant Advisory
Evidence suggests that NeoBanQ is attempting to vanish without resolving outstanding obligations. While the official strike-off process has been blocked by a creditor, the actions of the company raise significant red flags. Merchants are strongly advised to avoid working with NeoBanQ and to seek alternative, regulated payment solutions.
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