Whistleblower Findings on iPayTotal and Financial Resident
During our investigation into the Financial Resident broker scam (full report here), it emerged that iPayTotal was operating as one of the main payment facilitators. Interestingly, when users initiated deposits through iPayTotal, the transaction process redirected them to Global Payments (www.globalpay.com), a payment processor authorised by the UK FCA.
iPayTotal’s Reputation in the High-Risk Payment Industry
iPayTotal has established itself as one of the most infamous high-risk payment processors within fraudulent networks. Numerous scam operators have voiced complaints about being deceived by iPayTotal, claiming that their funds were withheld or never transferred. Given this negative reputation, its cooperation with a regulated FCA-licensed entity raises significant concerns.
Key Facts About Global Payments
|
Aspect |
Details |
|
Trading Name |
Global Payments |
|
Legal Entity |
GPUK LLP |
|
FCA Registration Number |
|
|
Company Structure |
Limited Liability Partnership |
|
Registration Location |
England |
|
Company Number |
|
|
Members |
Global Payments U.K. Limited and Global Payments U.K. 2 Limited |
|
Additional Trading Name |
Pay and Shop Limited (registered in Ireland) |
Observations on the Partnership
Global Payments, through GPUK LLP, holds authorisation from the UK Financial Conduct Authority to offer payment services. The connection between iPayTotal, notorious for facilitating scam operations, and a respected FCA-regulated payment processor such as Global Payments is unexpected and warrants closer examination.
Next Steps
Scam-Or Project will continue its in-depth research into Global Payments and its involvement with high-risk processors like iPayTotal in upcoming reports.
Report Scam Activities
If you have information about scams or payment processors involved in fraudulent operations, contact us to contribute to ongoing investigations.