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CyberRating agency PayNews42 celebrates 1,000th payment processor listing

06-13-2023 04:59 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: PayRate42

CyberRating agency PayNews42 celebrates 1,000th payment

PayRate42 is a rating agency that aims to make CyberFinance safer through reviews and ratings of FinTechs and PayTechs. Especially in the high-risk segment, there are currently hardly any possibilities for merchants to seriously check potential payment processors.

PayRate42 profiles FinTechs and PayTechs with an initial Know-Your-Customer (KYC) check. Our team checks whether all required information is available on the websites. In addition, we check whether the relevant regulatory permission is available for the activities of the FinTechs and PayTechs. Finally, we are including existing customer reviews in our rating.

Our compliance rating system is designed for compliance. We assign all listed companies to a color in a traffic light rating system: green, orange, and red, and for illegal providers, we have black.

Alternatively, FinTechs and PayTechs can get listed at PayRate42 and request a review of their profile by our team.

In addition to the compliance traffic light system, the listed FinTechs and PayTechs are also rated by their customers via a 5-star system. Similar to what happens on Trustpilot. Our team moderates customer reviews to prevent fake reviews.

As of June 10, 2023, we already have 700 FinTechs and PayTechs listed on PayRate42. By the end of 2023, we want to have at least 1,000 listings.

PayRate42
Circum Point LLC
8 The Green
19901 Dover
Delaware
United States
Website: www.payrate42.com
Press contact: office@payrate42.com

PayRate42 is a rating agency with the mission to make CyberFinance safer through reviews and ratings of FinTechs and PayTechs.

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