Payoneer First, and Now Paypound - What Has Gone Wrong with the Payment Industry?

Payment processing has always been one of the several integral steps of forex brokers, and unfortunately one of the most scam-and-complaint-ridden steps. Last month, Fazzaco went over the fact that?Payoneer, an e-commerce payment service provider, is receiving complaints from across all social medial, such as LinkedIn and Twitter .

At the same time, Edward Tabus, CEO of the online gaming operator Mad Money Casino, also waged a cyber warfare against Paypound, a high-risk payment processor that provides said service to a variety of clients, including FX brokers. The payment firm, according to Edward, has been allegedly withholding the funds of clients in deliberate manner by falsifying user chargeback requests made to acquiring banks.

In view of such, Fazzaco gathered relevant data from different sources of information, including social media posts, and screenshots of government website, in the hope of projecting the current status of Paypound objectively, as well as various statements, or rumors circulating in the financial market around the payment firm, whether true or fabricated.Read More Here