PayRate42 Lists PayCent on Red Compliance and Red Risk Lists

PayRate42, a renowned agency for compliance reviews in the financial services sector, has recently reviewed and listed PayCent, a high-risk payment gateway operated by Wallious Ltd, on its Red Compliance and Red Risk lists.

Background
PayCent, managed by Daniel-Nelu Ilie and registered in the United Kingdom, offers the creation of integrated payment pages with 24/7 support. However, it operates without proper authorization as a payment processor.

Compliance Concerns
PayCent's close technical integration with the Polish high-risk payment processor Continent Pay and its association with illegal online gaming platforms has raised significant compliance issues. Over 98% of its traffic is referred from Continent Pay, indicating a problematic linkage.

Risk and Rating
Due to its unregulated status and involvement in high-risk activities, PayRate42 has assigned PayCent a "Red" rating, advising users to avoid this service.

For more details, visit: https://payrate42.com/listings/paycent/

8 The Green
19901 City of Dover
Delaware
United States

PayRate42 is a rating agency specializing in payment processors. Our main goal is to protect merchants and consumers by providing transparency through the evaluation and rating of financial service providers. High-Risk Payment Processors (HRPP) operating outside the established regulatory framework are our primary focus.

This release was published on openPR.